JPMorgan Chase & Co. Sells 1,758,767 Shares of The Travelers Companies, Inc. (NYSE:TRV)

JPMorgan Chase & Co. reduced its position in The Travelers Companies, Inc. (NYSE:TRV) by 13.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 11,680,807 shares of the insurance provider’s stock after selling 1,758,767 shares during the quarter. JPMorgan Chase & Co. owned approximately 5.15% of Travelers Companies worth $2,734,711,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of TRV. FMR LLC grew its holdings in Travelers Companies by 12.6% during the 3rd quarter. FMR LLC now owns 14,048,691 shares of the insurance provider’s stock worth $3,289,079,000 after acquiring an additional 1,568,909 shares during the period. Acadian Asset Management LLC increased its holdings in Travelers Companies by 356.4% in the second quarter. Acadian Asset Management LLC now owns 868,563 shares of the insurance provider’s stock worth $176,589,000 after purchasing an additional 678,241 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in shares of Travelers Companies by 23,378.8% during the 3rd quarter. International Assets Investment Management LLC now owns 520,291 shares of the insurance provider’s stock worth $121,811,000 after buying an additional 518,075 shares in the last quarter. Bank of Montreal Can increased its stake in Travelers Companies by 66.9% in the third quarter. Bank of Montreal Can now owns 705,793 shares of the insurance provider’s stock valued at $166,645,000 after purchasing an additional 282,884 shares in the last quarter. Finally, Point72 Asset Management L.P. acquired a new position in Travelers Companies during the 3rd quarter worth approximately $54,988,000. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have commented on TRV. Jefferies Financial Group boosted their price target on shares of Travelers Companies from $210.00 to $235.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Hsbc Global Res raised shares of Travelers Companies from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 10th. Roth Mkm boosted their price objective on Travelers Companies from $240.00 to $300.00 and gave the stock a “buy” rating in a report on Monday, October 21st. UBS Group raised their target price on Travelers Companies from $244.00 to $270.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. Finally, Barclays upped their price target on Travelers Companies from $286.00 to $295.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Five investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, five have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $251.70.

Insider Transactions at Travelers Companies

In other Travelers Companies news, Vice Chairman William H. Heyman sold 3,000 shares of the business’s stock in a transaction on Tuesday, October 22nd. The shares were sold at an average price of $260.55, for a total value of $781,650.00. Following the transaction, the insider now owns 250,384 shares in the company, valued at $65,237,551.20. The trade was a 1.18 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Andy F. Bessette sold 4,520 shares of the company’s stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $253.46, for a total value of $1,145,639.20. Following the sale, the executive vice president now owns 16,976 shares in the company, valued at $4,302,736.96. The trade was a 21.03 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 78,149 shares of company stock valued at $20,295,856. Corporate insiders own 1.33% of the company’s stock.

Travelers Companies Trading Up 0.3 %

TRV stock traded up $0.85 during midday trading on Thursday, hitting $243.73. 429,648 shares of the company’s stock were exchanged, compared to its average volume of 1,312,170. The Travelers Companies, Inc. has a 1-year low of $186.12 and a 1-year high of $269.55. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.29. The business has a 50-day simple moving average of $254.03 and a two-hundred day simple moving average of $232.10. The stock has a market capitalization of $55.33 billion, a PE ratio of 12.50, a P/E/G ratio of 1.17 and a beta of 0.63.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Thursday, October 17th. The insurance provider reported $5.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.79 by $1.45. Travelers Companies had a net margin of 10.02% and a return on equity of 17.69%. The company had revenue of $11.90 billion during the quarter, compared to the consensus estimate of $11.46 billion. During the same quarter in the previous year, the firm earned $1.95 earnings per share. The firm’s quarterly revenue was up 11.9% on a year-over-year basis. On average, sell-side analysts predict that The Travelers Companies, Inc. will post 18.84 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th will be issued a dividend of $1.05 per share. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $4.20 annualized dividend and a yield of 1.72%. Travelers Companies’s dividend payout ratio is currently 21.54%.

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.