As Travelers Cos Inc/The (TRV) Shares Rose, Balyasny Asset Management LLC Upped Stake

May 17, 2018 - By Ann Prendergast

The Travelers Companies, Inc. (NYSE:TRV) Logo

Dmitry Balyasny increased its stake in Travelers Cos Inc/The (TRV) by 63.93% based on its latest 2017Q4 regulatory filing with the SEC. Balyasny Asset Management Llc bought 982,281 shares as the company’s stock rose 1.76% while stock markets declined. The hedge fund run by Dmitry Balyasny held 2.52 million shares of the finance company at the end of 2017Q4, valued at $341.65M, up from 1.54M at the end of the previous reported quarter. Balyasny Asset Management Llc who had been investing in Travelers Cos Inc/The for a number of months, seems to be bullish on the $35.33B market cap company. The stock increased 0.44% or $0.57 during the last trading session, reaching $130.72. About 802,406 shares traded. The Travelers Companies, Inc. (NYSE:TRV) has risen 13.01% since May 17, 2017 and is uptrending. It has outperformed by 1.46% the S&P500.

Balyasny Asset Management Llc, which manages about $14.49B and $32.00 billion US Long portfolio, decreased its stake in Entergy Corp (NYSE:ETR) by 72,762 shares to 19,646 shares, valued at $1.60 million in 2017Q4, according to the filing. It also reduced its holding in Illinois Tool Works Inc (NYSE:ITW) by 24,700 shares in the quarter, leaving it with 48,415 shares, and cut its stake in Ebay Inc (Call) (NASDAQ:EBAY).

More news for The Travelers Companies, Inc. (NYSE:TRV) were recently published by: Streetinsider.com, which released: “Viking Global’s 13F Shows New Stakes in Alibaba (BABA), BioMarin (BMRN) and Western Digital (WDC), Increase in …” on May 15, 2018. Seekingalpha.com‘s article titled: “Travelers: A Dividend Growth Machine” and published on April 25, 2018 is yet another important article.

The Travelers Companies, Inc. (NYSE:TRV) Ratings Coverage

Among 11 analysts covering Travelers Companies (NYSE:TRV), 4 have Buy rating, 2 Sell and 5 Hold. Therefore 36% are positive. Travelers Companies had 15 analyst reports since December 4, 2017 according to SRatingsIntel. The firm earned “Buy” rating on Monday, December 4 by Keefe Bruyette & Woods. The rating was maintained by Sandler O’Neill on Tuesday, January 23 with “Hold”. The rating was maintained by Keefe Bruyette & Woods on Tuesday, January 23 with “Buy”. Argus Research maintained The Travelers Companies, Inc. (NYSE:TRV) rating on Thursday, April 26. Argus Research has “Buy” rating and $158 target. Morgan Stanley maintained The Travelers Companies, Inc. (NYSE:TRV) on Wednesday, April 25 with “Underweight” rating. The stock has “Buy” rating by RBC Capital Markets on Tuesday, January 23. FBR Capital maintained the stock with “Hold” rating in Monday, April 16 report. The rating was upgraded by Atlantic Securities on Friday, January 26 to “Neutral”. Credit Suisse maintained it with “Neutral” rating and $144 target in Wednesday, January 24 report. On Tuesday, April 24 the stock rating was maintained by RBC Capital Markets with “Buy”.

The Travelers Companies, Inc. (NYSE:TRV) Ratings Chart

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