JPMorgan Chase & Co. Reduces Stock Holdings in The Travelers Companies, Inc. (NYSE:TRV)

JPMorgan Chase & Co. reduced its stake in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 36.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,409,085 shares of the insurance provider's stock after selling 4,271,722 shares during the period. JPMorgan Chase & Co. owned approximately 3.26% of Travelers Companies worth $1,784,775,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Harvest Fund Management Co. Ltd grew its stake in Travelers Companies by 1,405.7% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 527 shares of the insurance provider's stock valued at $123,000 after purchasing an additional 492 shares during the last quarter. Brown Brothers Harriman & Co. boosted its position in Travelers Companies by 36.2% in the third quarter. Brown Brothers Harriman & Co. now owns 561 shares of the insurance provider's stock valued at $131,000 after buying an additional 149 shares during the last quarter. Townsquare Capital LLC boosted its position in Travelers Companies by 52.5% in the third quarter. Townsquare Capital LLC now owns 9,676 shares of the insurance provider's stock valued at $2,265,000 after buying an additional 3,332 shares during the last quarter. Blueshift Asset Management LLC increased its holdings in Travelers Companies by 183.7% in the 3rd quarter. Blueshift Asset Management LLC now owns 3,719 shares of the insurance provider's stock worth $871,000 after buying an additional 2,408 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in Travelers Companies by 5.7% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 111,187 shares of the insurance provider's stock worth $26,031,000 after buying an additional 5,948 shares during the last quarter. 82.45% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on TRV. Barclays raised their target price on shares of Travelers Companies from $278.00 to $287.00 and gave the stock an "overweight" rating in a report on Friday, January 24th. Keefe, Bruyette & Woods upgraded Travelers Companies from a "market perform" rating to an "outperform" rating and lifted their price objective for the company from $275.00 to $286.00 in a research note on Wednesday, February 19th. HSBC downgraded Travelers Companies from a "buy" rating to a "hold" rating and set a $270.00 target price on the stock. in a research note on Monday, March 24th. Hsbc Global Res downgraded Travelers Companies from a "strong-buy" rating to a "hold" rating in a report on Monday, March 24th. Finally, Wells Fargo & Company raised their price objective on shares of Travelers Companies from $213.00 to $225.00 and gave the stock an "underweight" rating in a research note on Thursday, January 23rd. Four research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, Travelers Companies presently has an average rating of "Hold" and an average target price of $260.00.

Travelers Companies Price Performance

Shares of TRV traded down $0.01 during trading hours on Tuesday, hitting $264.45. 196,764 shares of the stock were exchanged, compared to its average volume of 1,273,343. The Travelers Companies, Inc. has a 12-month low of $200.21 and a 12-month high of $269.56. The company has a market cap of $59.96 billion, a price-to-earnings ratio of 12.32, a price-to-earnings-growth ratio of 4.65 and a beta of 0.60. The stock's 50-day moving average price is $251.05 and its two-hundred day moving average price is $248.29. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.33 and a current ratio of 0.33.

Travelers Companies (NYSE:TRV - Get Free Report) last announced its quarterly earnings data on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.50 by $2.65. The company had revenue of $12.01 billion during the quarter, compared to analysts' expectations of $10.80 billion. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. During the same quarter in the prior year, the company earned $7.01 EPS. Travelers Companies's revenue was up 9.9% compared to the same quarter last year. Research analysts expect that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 10th were given a dividend of $1.05 per share. The ex-dividend date was Monday, March 10th. This represents a $4.20 dividend on an annualized basis and a yield of 1.59%. Travelers Companies's payout ratio is 19.56%.

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.