Lido Advisors LLC Sells 918,313 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Lido Advisors LLC decreased its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 99.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,638 shares of the insurance provider’s stock after selling 918,313 shares during the quarter. Lido Advisors LLC’s holdings in Travelers Companies were worth $1,599,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in TRV. Northern Trust Corp raised its holdings in shares of Travelers Companies by 12.3% in the fourth quarter. Northern Trust Corp now owns 3,329,232 shares of the insurance provider’s stock valued at $801,979,000 after buying an additional 364,379 shares during the last quarter. Beacon Pointe Advisors LLC raised its stake in shares of Travelers Companies by 12.9% in the fourth quarter. Beacon Pointe Advisors LLC now owns 21,677 shares of the insurance provider’s stock worth $5,222,000 after acquiring an additional 2,469 shares during the last quarter. Quarry LP lifted its position in shares of Travelers Companies by 400.0% during the fourth quarter. Quarry LP now owns 190 shares of the insurance provider’s stock worth $46,000 after purchasing an additional 152 shares in the last quarter. Prosperity Consulting Group LLC grew its stake in shares of Travelers Companies by 9.3% during the fourth quarter. Prosperity Consulting Group LLC now owns 991 shares of the insurance provider’s stock valued at $239,000 after purchasing an additional 84 shares during the last quarter. Finally, Aquatic Capital Management LLC acquired a new stake in shares of Travelers Companies in the fourth quarter valued at approximately $6,465,000. Institutional investors own 82.45% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Hsbc Global Res downgraded Travelers Companies from a “strong-buy” rating to a “hold” rating in a report on Monday, March 24th. Keefe, Bruyette & Woods raised their price target on Travelers Companies from $274.00 to $290.00 and gave the company an “outperform” rating in a report on Thursday, April 17th. Jefferies Financial Group upped their target price on shares of Travelers Companies from $265.00 to $270.00 and gave the company a “hold” rating in a research report on Friday, April 11th. UBS Group lowered their price target on shares of Travelers Companies from $270.00 to $267.00 and set a “neutral” rating for the company in a research report on Wednesday, April 9th. Finally, Wells Fargo & Company increased their price objective on shares of Travelers Companies from $247.00 to $260.00 and gave the company an “equal weight” rating in a report on Thursday, April 17th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $267.32.

Travelers Companies Price Performance

Shares of TRV opened at $261.78 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.33 and a current ratio of 0.33. The firm has a market capitalization of $59.31 billion, a PE ratio of 12.19, a P/E/G ratio of 4.65 and a beta of 0.48. The stock has a 50 day simple moving average of $255.88 and a 200 day simple moving average of $251.02. The Travelers Companies, Inc. has a 52-week low of $200.21 and a 52-week high of $269.56.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Wednesday, April 16th. The insurance provider reported $1.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $1.38. The company had revenue of $10.52 billion during the quarter, compared to the consensus estimate of $10.97 billion. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. During the same quarter in the prior year, the firm earned $4.69 earnings per share. Sell-side analysts predict that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 10th will be given a dividend of $1.10 per share. This is a boost from Travelers Companies’s previous quarterly dividend of $1.05. This represents a $4.40 annualized dividend and a dividend yield of 1.68%. The ex-dividend date is Tuesday, June 10th. Travelers Companies’s dividend payout ratio is currently 23.95%.

About Travelers Companies

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.