Jacobi Capital Management LLC Buys 359 Shares of The Travelers Companies, Inc. $TRV

Jacobi Capital Management LLC increased its stake in The Travelers Companies, Inc. (NYSE:TRV) by 4.5% in the 1st quarter, HoldingsChannel.com reports. The fund owned 8,400 shares of the insurance provider’s stock after purchasing an additional 359 shares during the quarter. Jacobi Capital Management LLC’s holdings in Travelers Companies were worth $2,221,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of TRV. Cornerstone Planning Group LLC increased its stake in Travelers Companies by 700.0% during the 1st quarter. Cornerstone Planning Group LLC now owns 96 shares of the insurance provider’s stock valued at $25,000 after purchasing an additional 84 shares in the last quarter. Putney Financial Group LLC bought a new stake in Travelers Companies during the 4th quarter valued at $26,000. Ameriflex Group Inc. bought a new stake in Travelers Companies during the 4th quarter valued at $26,000. Greykasell Wealth Strategies Inc. bought a new position in Travelers Companies in the 1st quarter valued at about $26,000. Finally, Flaharty Asset Management LLC bought a new position in Travelers Companies in the 1st quarter valued at about $32,000. Institutional investors own 82.45% of the company’s stock.

Travelers Companies Price Performance

TRV opened at $279.50 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.33 and a quick ratio of 0.33. The company has a market capitalization of $62.92 billion, a price-to-earnings ratio of 12.36, a P/E/G ratio of 3.13 and a beta of 0.53. The firm’s fifty day moving average price is $265.84 and its two-hundred day moving average price is $263.20. The Travelers Companies, Inc. has a 1 year low of $224.62 and a 1 year high of $280.70.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Thursday, July 17th. The insurance provider reported $6.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.52 by $2.99. The firm had revenue of $11.54 billion for the quarter, compared to the consensus estimate of $11.02 billion. Travelers Companies had a net margin of 10.97% and a return on equity of 18.68%. The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.51 EPS. As a group, analysts anticipate that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Wednesday, September 10th will be issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Wednesday, September 10th. Travelers Companies’s payout ratio is 19.46%.

Analyst Upgrades and Downgrades

TRV has been the topic of several recent research reports. Morgan Stanley set a $269.00 price target on shares of Travelers Companies and gave the company an “equal weight” rating in a research report on Monday, May 19th. Barclays cut shares of Travelers Companies from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $280.00 to $274.00 in a research report on Monday, July 7th. Citigroup started coverage on shares of Travelers Companies in a research report on Wednesday, August 13th. They issued a “neutral” rating and a $291.00 price target on the stock. Keefe, Bruyette & Woods lifted their price objective on shares of Travelers Companies from $304.00 to $316.00 and gave the stock an “outperform” rating in a report on Friday, July 18th. Finally, Wells Fargo & Company lifted their price objective on shares of Travelers Companies from $264.00 to $275.00 and gave the stock an “equal weight” rating in a report on Friday, July 18th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Travelers Companies currently has a consensus rating of “Hold” and a consensus price target of $284.56.

Insider Transactions at Travelers Companies

In related news, EVP Gregory C. Toczydlowski sold 11,505 shares of the business’s stock in a transaction dated Monday, July 21st. The shares were sold at an average price of $266.12, for a total value of $3,061,710.60. Following the transaction, the executive vice president directly owned 18,416 shares of the company’s stock, valued at approximately $4,900,865.92. The trade was a 38.45% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Mojgan M. Lefebvre sold 16,820 shares of the business’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $277.54, for a total transaction of $4,668,222.80. The disclosure for this sale can be found here. 1.46% of the stock is currently owned by insiders.

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.