Glass Jacobson Investment Advisors llc Sells 55 Shares of The Travelers Companies, Inc. $TRV

Glass Jacobson Investment Advisors llc lowered its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 26.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor 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 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Cornerstone Planning Group LLC boosted its stake in Travelers Companies by 700.0% in the 1st quarter. Cornerstone Planning Group LLC now owns 96 shares of the insurance provider’s stock worth $25,000 after purchasing an additional 84 shares during the period. Greykasell Wealth Strategies Inc. purchased a new stake in shares of Travelers Companies in the first quarter worth about $26,000. Missouri Trust & Investment Co boosted its position in shares of Travelers Companies by 122.2% in the second quarter. Missouri Trust & Investment Co now owns 100 shares of the insurance provider’s stock valued at $27,000 after acquiring an additional 55 shares during the period. Nova Wealth Management Inc. purchased a new position in Travelers Companies during the second quarter valued at approximately $32,000. Finally, Flaharty Asset Management LLC bought a new stake in Travelers Companies during the 1st quarter worth approximately $32,000. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Travelers Companies Stock Up 0.3%

Shares of NYSE TRV opened at $269.98 on Monday. The stock has a market capitalization of $60.22 billion, a P/E ratio of 10.62, a PEG ratio of 2.44 and a beta of 0.51. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.35 and a quick ratio of 0.35. The Travelers Companies, Inc. has a one year low of $230.23 and a one year high of $287.95. The firm’s 50 day simple moving average is $274.13 and its two-hundred day simple moving average is $267.34.

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

Travelers Companies Dividend Announcement

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

Insider Buying and Selling

In other news, EVP Mojgan M. Lefebvre sold 16,820 shares of the firm’s 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 legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on TRV shares. Cantor Fitzgerald upgraded shares of Travelers Companies to a “strong-buy” rating in a research report on Wednesday, August 13th. Wall Street Zen cut Travelers Companies from a “buy” rating to a “hold” rating in a research report on Sunday, October 19th. Keefe, Bruyette & Woods raised their price target on Travelers Companies from $304.00 to $305.00 and gave the company an “outperform” rating in a report on Monday, October 20th. UBS Group boosted their price objective on Travelers Companies from $284.00 to $287.00 and gave the stock a “neutral” rating in a report on Wednesday, October 8th. Finally, Wolfe Research began coverage on shares of Travelers Companies in a research report on Monday, September 15th. They issued a “peer perform” rating on the stock. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $291.31.

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.