Glass Jacobson Investment Advisors llc Cuts Position in The Travelers Companies, Inc. $TRV

Glass Jacobson Investment Advisors llc decreased its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 26.8% in the second quarter, Holdings Channel.com reports. The firm owned 150 shares of the insurance provider’s stock after selling 55 shares during the period. Glass Jacobson Investment Advisors llc’s holdings in Travelers Companies were worth $40,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in TRV. Bearing Point Capital LLC raised its stake in Travelers Companies by 2.0% during the first quarter. Bearing Point Capital LLC now owns 1,973 shares of the insurance provider’s stock valued at $522,000 after buying an additional 38 shares during the last quarter. Forum Financial Management LP raised its position in shares of Travelers Companies by 0.9% in the 1st quarter. Forum Financial Management LP now owns 4,428 shares of the insurance provider’s stock worth $1,171,000 after purchasing an additional 39 shares during the last quarter. Y.D. More Investments Ltd grew its position in Travelers Companies by 13.9% during the 1st quarter. Y.D. More Investments Ltd now owns 319 shares of the insurance provider’s stock valued at $84,000 after purchasing an additional 39 shares during the last quarter. Park National Corp OH increased its stake in Travelers Companies by 1.6% during the 2nd quarter. Park National Corp OH now owns 2,580 shares of the insurance provider’s stock valued at $690,000 after purchasing an additional 40 shares in the last quarter. Finally, ORG Partners LLC raised its holdings in Travelers Companies by 5.6% in the second quarter. ORG Partners LLC now owns 776 shares of the insurance provider’s stock worth $207,000 after buying an additional 41 shares during the last quarter. 82.45% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, EVP Mojgan M. Lefebvre sold 16,820 shares of the stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $277.54, for a total value of $4,668,222.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 1.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on TRV. Cantor Fitzgerald raised Travelers Companies to a “strong-buy” rating in a report on Wednesday, August 13th. The Goldman Sachs Group reissued a “buy” rating on shares of Travelers Companies in a research report on Friday, October 17th. JPMorgan Chase & Co. raised their price target on shares of Travelers Companies from $289.00 to $297.00 and gave the company an “underweight” rating in a report on Thursday, October 9th. Piper Sandler lifted their price target on shares of Travelers Companies from $320.00 to $322.00 and gave the stock an “overweight” rating in a research note on Friday, October 17th. Finally, Citigroup began coverage on shares of Travelers Companies in a research report on Wednesday, August 13th. They set a “neutral” rating and a $291.00 price objective on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Travelers Companies has a consensus rating of “Hold” and a consensus target price of $291.31.

Travelers Companies Stock Up 0.3%

Shares of TRV opened at $269.98 on Monday. The Travelers Companies, Inc. has a 12-month low of $230.23 and a 12-month high of $287.95. The business’s 50 day moving average is $274.13 and its 200 day moving average is $267.34. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $60.22 billion, a PE ratio of 10.62, a price-to-earnings-growth ratio of 2.44 and a beta of 0.51.

Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Thursday, October 16th. The insurance provider reported $8.14 EPS for the quarter, beating the consensus estimate of $6.01 by $2.13. Travelers Companies had a net margin of 12.14% and a return on equity of 20.28%. The business had revenue of $11.47 billion during the quarter, compared to the consensus estimate of $11.15 billion. During the same quarter in the prior year, the firm earned $5.24 EPS. The business’s revenue was up 4.8% on a year-over-year basis. Research analysts expect that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Wednesday, December 10th will be paid a dividend of $1.10 per share. The ex-dividend date of this dividend is Wednesday, December 10th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.6%. Travelers Companies’s payout ratio is currently 17.30%.

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.