Lido Advisors LLC Buys 1,484 Shares of The Travelers Companies, Inc. $TRV

Lido Advisors LLC boosted its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 9.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,324 shares of the insurance provider’s stock after buying an additional 1,484 shares during the quarter. Lido Advisors LLC’s holdings in Travelers Companies were worth $5,054,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in TRV. Norges Bank bought a new position in shares of Travelers Companies during the fourth quarter worth about $723,339,000. State Street Corp boosted its holdings in Travelers Companies by 3.1% in the fourth quarter. State Street Corp now owns 16,000,457 shares of the insurance provider’s stock valued at $4,641,093,000 after acquiring an additional 486,861 shares during the last quarter. AustralianSuper Pty Ltd boosted its holdings in Travelers Companies by 102.0% in the fourth quarter. AustralianSuper Pty Ltd now owns 908,559 shares of the insurance provider’s stock valued at $263,537,000 after acquiring an additional 458,746 shares during the last quarter. Woodline Partners LP acquired a new stake in Travelers Companies during the 3rd quarter valued at approximately $99,680,000. Finally, AQR Capital Management LLC increased its position in Travelers Companies by 22.8% during the 3rd quarter. AQR Capital Management LLC now owns 1,785,288 shares of the insurance provider’s stock valued at $496,872,000 after purchasing an additional 331,170 shares during the period. Institutional investors own 82.45% of the company’s stock.

More Travelers Companies News

Here are the key news stories impacting Travelers Companies this week:

• Positive Sentiment: Analyst coverage remained constructive, with Morgan Stanley and other firms highlighting potential upside, while a recent Zacks note said Travelers’ shares hit a 52-week high and questioned whether the run can continue. Morgan Stanley Forecasts Strong Price Appreciation for Travelers Companies (NYSE:TRV) Stock The Travelers Companies, Inc. (TRV) Hit a 52 Week High, Can the Run Continue?
• Positive Sentiment: AM Best assigned an “a+” issue credit rating with a stable outlook to Travelers’ new $750 million senior unsecured notes, signaling confidence in the company’s credit quality and access to capital. AM Best Assigns Issue Credit Rating to The Travelers Companies, Inc. New Senior Unsecured Notes
• Positive Sentiment: Travelers priced $750 million of 4.95% senior notes due 2031, which adds funding for general corporate purposes and appears manageable given the company’s strong balance sheet. Travelers Companies Prices $750 Million Senior Notes Offering
• Neutral Sentiment: Mizuho raised its price target to $343 from $324 but kept a neutral rating, suggesting the stock may have already moved ahead of near-term fundamentals. Mizuho price target update
• Negative Sentiment: Reports that several top Travelers executives sold company stock could weigh on sentiment, even if the transactions were routine. Top Travelers Executives Quietly Unload Millions in Company Stock
• Negative Sentiment: Deutsche Bank and UBS both reiterated hold-type views, reinforcing that some analysts see limited upside after the recent rally. Deutsche Bank Sticks to Its Hold Rating for Travelers Companies (TRV) UBS Releases a Hold Rating on Travelers Companies (TRV)

Insider Activity at Travelers Companies

In related news, EVP Michael Frederick Klein sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $307.65, for a total transaction of $3,076,500.00. Following the transaction, the executive vice president directly owned 45,125 shares of the company’s stock, valued at approximately $13,882,706.25. This represents a 18.14% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Avrohom J. Kess sold 6,735 shares of the stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of $308.78, for a total value of $2,079,633.30. Following the completion of the transaction, the insider owned 48,737 shares in the company, valued at approximately $15,049,010.86. The trade was a 12.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 18,292 shares of company stock valued at $5,639,800 in the last three months. Corporate insiders own 1.39% of the company’s stock.

Travelers Companies Trading Up 2.9%

NYSE:TRV opened at $387.42 on Friday. The company has a current ratio of 0.33, a quick ratio of 0.35 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $80.80 billion, a price-to-earnings ratio of 10.38, a PEG ratio of 3.76 and a beta of 0.46. The firm has a fifty day simple moving average of $322.06 and a two-hundred day simple moving average of $304.48. The Travelers Companies, Inc. has a 12 month low of $252.26 and a 12 month high of $389.11.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Friday, July 17th. The insurance provider reported $10.04 earnings per share for the quarter, beating the consensus estimate of $5.41 by $4.63. The firm had revenue of $12.15 billion during the quarter, compared to the consensus estimate of $11.26 billion. Travelers Companies had a net margin of 16.95% and a return on equity of 25.41%. The business’s revenue was up .3% compared to the same quarter last year. During the same period in the previous year, the firm posted $6.51 earnings per share. Analysts expect that The Travelers Companies, Inc. will post 32.15 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Thursday, September 10th will be given a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Thursday, September 10th. Travelers Companies’s payout ratio is presently 13.39%.

Analyst Upgrades and Downgrades

TRV has been the topic of a number of analyst reports. Citigroup reaffirmed a “market perform” rating on shares of Travelers Companies in a research note on Monday. BMO Capital Markets downgraded shares of Travelers Companies from an “outperform” rating to a “market perform” rating and lifted their target price for the stock from $314.00 to $379.00 in a research note on Tuesday. Morgan Stanley boosted their target price on shares of Travelers Companies from $290.00 to $330.00 and gave the company an “underweight” rating in a report on Tuesday. Mizuho upped their price target on shares of Travelers Companies from $324.00 to $343.00 and gave the company a “neutral” rating in a research report on Friday. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Travelers Companies in a report on Tuesday. Three research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, fourteen have given a Hold rating and five have given a Sell rating to the stock. According to MarketBeat.com, Travelers Companies currently has a consensus rating of “Hold” and an average target price of $354.26.

Travelers Companies Company Profile

The Travelers Companies, Inc (NYSE: TRV) is a leading provider of property and casualty insurance products and services. The company underwrites a broad range of commercial and personal insurance lines, offering coverage designed to protect individuals, small and midsize businesses, and large corporate clients against property loss, liability, and other operational risks. Travelers is known for combining underwriting, claims management and risk control services to help clients prevent losses and recover when incidents occur.

On the commercial side, Travelers writes primary and specialty coverages including property, general liability, commercial auto, workers’ compensation, professional and management liability, surety and inland marine.