Leo Wealth LLC Purchases 2,163 Shares of The Travelers Companies, Inc. $TRV

Leo Wealth LLC acquired a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 2,163 shares of the insurance provider’s stock, valued at approximately $771,000.

A number of other institutional investors have also recently made changes to their positions in TRV. Apollon Wealth Management LLC increased its holdings in shares of Travelers Companies by 7.9% in the third quarter. Apollon Wealth Management LLC now owns 5,999 shares of the insurance provider’s stock worth $2,139,000 after purchasing an additional 437 shares during the last quarter. Kingswood Wealth Advisors LLC grew its holdings in Travelers Companies by 1.0% during the 3rd quarter. Kingswood Wealth Advisors LLC now owns 3,772 shares of the insurance provider’s stock valued at $1,345,000 after buying an additional 36 shares in the last quarter. Randolph Co Inc purchased a new position in Travelers Companies during the 3rd quarter valued at approximately $536,000. Trueblood Wealth Management LLC increased its stake in Travelers Companies by 39.7% in the 3rd quarter. Trueblood Wealth Management LLC now owns 2,121 shares of the insurance provider’s stock worth $756,000 after acquiring an additional 603 shares during the last quarter. Finally, Brucke Financial Inc. purchased a new stake in shares of Travelers Companies during the 3rd quarter worth approximately $247,000. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Travelers Companies Price Performance

NYSE:TRV opened at $400.08 on Tuesday. The firm has a market capitalization of $82.00 billion, a price-to-earnings ratio of 10.49, a PEG ratio of 2.78 and a beta of 0.43. The Travelers Companies, Inc. has a 1 year low of $264.25 and a 1 year high of $407.86. The business has a 50 day simple moving average of $371.42 and a 200-day simple moving average of $326.68. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.33 and a quick ratio of 0.33.

Travelers Companies (NYSE:TRV) last released its earnings results on Friday, October 16th. The insurance provider reported $9.18 earnings per share for the quarter, beating the consensus estimate of $7.39 by $1.79. Travelers Companies had a return on equity of 26.19% and a net margin of 17.03%. The firm had revenue of $12.41 billion for the quarter, compared to the consensus estimate of $11.36 billion. During the same quarter in the previous year, the company posted $8.14 EPS. The company’s revenue for the quarter was down .5% compared to the same quarter last year. Equities analysts forecast that The Travelers Companies, Inc. will post 35.96 EPS for the current year.

Travelers Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Thursday, December 10th will be paid a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Thursday, December 10th. Travelers Companies’s payout ratio is presently 13.11%.

Insider Activity at Travelers Companies

In other news, EVP Gregory C. Toczydlowski sold 34,771 shares of the firm’s stock in a transaction dated Thursday, October 22nd. The shares were sold at an average price of $403.89, for a total value of $14,043,659.19. Following the completion of the sale, the executive vice president owned 18,416 shares in the company, valued at approximately $7,438,038.24. This trade represents a 65.37% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Jeffrey P. Klenk sold 9,016 shares of the firm’s stock in a transaction dated Thursday, October 22nd. The stock was sold at an average price of $405.57, for a total transaction of $3,656,619.12. Following the completion of the sale, the executive vice president owned 6,075 shares of the company’s stock, valued at $2,463,837.75. This trade represents a 59.74% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 166,287 shares of company stock valued at $66,182,760 over the last three months. Corporate insiders own 1.39% of the company’s stock.

Wall Street Analysts Forecast Growth

TRV has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Travelers Companies in a research report on Monday, October 19th. Evercore set a $329.00 price target on shares of Travelers Companies and gave the company an “in-line” rating in a research note on Friday, July 10th. The Goldman Sachs Group downgraded shares of Travelers Companies from a “neutral” rating to a “sell” rating and set a $350.00 price target on the stock. in a research note on Monday, July 20th. TD Cowen lowered shares of Travelers Companies from a “hold” rating to a “sell” rating and set a $297.00 price objective for the company. in a research report on Monday, July 13th. Finally, Roth Capital restated a “buy” rating on shares of Travelers Companies in a report on Monday. Three equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, thirteen have given a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat, Travelers Companies presently has a consensus rating of “Hold” and a consensus target price of $366.37.

About Travelers Companies

Travelers Companies, Inc is a property and casualty insurance company that provides insurance products and related services to businesses, government entities and individuals. The company offers coverage for property damage, liability, workers’ compensation, automobile accidents, cybersecurity risks and other exposures.

Travelers conducts its operations primarily through its Business Insurance, Bond & Specialty Insurance and Personal Insurance segments. Its products include commercial property and casualty policies, surety and fidelity bonds, homeowners insurance, personal automobile insurance and umbrella coverage.