Lido Advisors LLC Grows Stake in The Travelers Companies, Inc. $TRV

Lido Advisors LLC increased its position in The Travelers Companies, Inc. (NYSE:TRV) by 53.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,332 shares of the insurance provider’s stock after acquiring an additional 4,285 shares during the period. Lido Advisors LLC’s holdings in Travelers Companies were worth $3,300,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC grew its stake in shares of Travelers Companies by 13.4% during the 4th quarter. Brighton Jones LLC now owns 3,277 shares of the insurance provider’s stock valued at $789,000 after purchasing an additional 387 shares during the period. Revolve Wealth Partners LLC purchased a new position in shares of Travelers Companies in the fourth quarter worth approximately $276,000. XTX Topco Ltd bought a new stake in Travelers Companies during the first quarter valued at approximately $213,000. Arkadios Wealth Advisors increased its holdings in Travelers Companies by 36.0% during the first quarter. Arkadios Wealth Advisors now owns 1,680 shares of the insurance provider’s stock valued at $444,000 after buying an additional 445 shares during the last quarter. Finally, Cary Street Partners Investment Advisory LLC increased its holdings in Travelers Companies by 7.4% during the first quarter. Cary Street Partners Investment Advisory LLC now owns 650 shares of the insurance provider’s stock valued at $172,000 after buying an additional 45 shares during the last quarter. Institutional investors own 82.45% of the company’s stock.

Travelers Companies Price Performance

Shares of Travelers Companies stock opened at $288.56 on Wednesday. The company has a market capitalization of $64.37 billion, a price-to-earnings ratio of 11.35, a PEG ratio of 2.38 and a beta of 0.55. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.29. The stock’s 50-day simple moving average is $278.72 and its 200-day simple moving average is $271.57. The Travelers Companies, Inc. has a 52 week low of $230.23 and a 52 week high of $296.85.

Travelers Companies (NYSE:TRV) last released its earnings results on Thursday, October 16th. The insurance provider reported $8.14 EPS for the quarter, topping the consensus estimate of $6.01 by $2.13. The firm had revenue of $12.47 billion for the quarter, compared to the consensus estimate of $11.15 billion. Travelers Companies had a net margin of 12.14% and a return on equity of 20.28%. The company’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $5.24 earnings per share. As a group, analysts expect that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 10th will be paid a $1.10 dividend. The ex-dividend date of this dividend is Wednesday, December 10th. This represents a $4.40 dividend on an annualized basis and a yield of 1.5%. Travelers Companies’s payout ratio is presently 17.30%.

Insider Transactions at Travelers Companies

In related news, EVP Michael Frederick Klein sold 8,572 shares of the firm’s stock in a transaction on Tuesday, October 28th. The shares were sold at an average price of $270.73, for a total value of $2,320,697.56. Following the completion of the transaction, the executive vice president directly owned 33,638 shares of the company’s stock, valued at approximately $9,106,815.74. This trade represents a 20.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Maria Olivo sold 8,920 shares of the business’s stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of $295.73, for a total transaction of $2,637,911.60. Following the completion of the sale, the executive vice president owned 117,596 shares in the company, valued at $34,776,665.08. This represents a 7.05% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 46,295 shares of company stock valued at $13,011,918 over the last 90 days. Insiders own 1.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Morgan Stanley boosted their price objective on shares of Travelers Companies from $285.00 to $295.00 and gave the company an “equal weight” rating in a research report on Monday, November 17th. Cantor Fitzgerald upgraded Travelers Companies to a “strong-buy” rating in a research report on Wednesday, August 13th. The Goldman Sachs Group restated a “buy” rating on shares of Travelers Companies in a research report on Friday, October 17th. Piper Sandler raised their price objective on Travelers Companies from $320.00 to $322.00 and gave the stock an “overweight” rating in a research note on Friday, October 17th. Finally, Wells Fargo & Company reiterated a “positive” rating on shares of Travelers Companies in a research note on Friday, October 17th. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Travelers Companies currently has an average rating of “Hold” and an average target price of $292.73.

Travelers Companies Company Profile

The Travelers Companies, Inc, through its subsidiaries, provides a range of commercial and personal property, and casualty insurance products and services to businesses, government units, associations, and individuals in the United States and internationally. The company operates through three segments: Business Insurance, Bond & Specialty Insurance, and Personal Insurance.