The Travelers Companies, Inc. (NYSE:TRV) Stake Reduced by JPMorgan Chase & Co.

JPMorgan Chase & Co. trimmed its stake in The Travelers Companies, Inc. (NYSE:TRV) by 36.6% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 7,409,085 shares of the insurance provider’s stock after selling 4,271,722 shares during the quarter. JPMorgan Chase & Co.’s holdings in Travelers Companies were worth $1,784,775,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. YANKCOM Partnership bought a new position in Travelers Companies in the 4th quarter worth approximately $27,000. Generali Investments Management Co LLC acquired a new position in Travelers Companies during the 4th quarter worth $37,000. True Wealth Design LLC bought a new position in shares of Travelers Companies in the third quarter worth $41,000. Asset Planning Inc acquired a new position in shares of Travelers Companies during the fourth quarter valued at $44,000. Finally, Providence First Trust Co bought a new stake in shares of Travelers Companies during the fourth quarter valued at about $48,000. Institutional investors and hedge funds own 82.45% of the company’s stock.

Analyst Upgrades and Downgrades

TRV has been the subject of a number of recent analyst reports. BMO Capital Markets increased their target price on shares of Travelers Companies from $275.00 to $297.00 and gave the company an “outperform” rating in a research report on Friday, January 24th. StockNews.com lowered shares of Travelers Companies from a “buy” rating to a “hold” rating in a research note on Thursday, January 23rd. Wells Fargo & Company upped their target price on Travelers Companies from $213.00 to $225.00 and gave the stock an “underweight” rating in a research report on Thursday, January 23rd. Royal Bank of Canada reiterated a “sector perform” rating and set a $268.00 price target (down from $273.00) on shares of Travelers Companies in a research report on Thursday, January 23rd. Finally, Piper Sandler upgraded Travelers Companies from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $259.00 to $310.00 in a report on Friday, January 24th. Four analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $260.00.

Travelers Companies Stock Up 0.2 %

Shares of NYSE:TRV opened at $262.91 on Friday. The Travelers Companies, Inc. has a 52 week low of $200.21 and a 52 week high of $269.56. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.33 and a current ratio of 0.33. The company has a market cap of $59.61 billion, a PE ratio of 12.25, a price-to-earnings-growth ratio of 4.65 and a beta of 0.60. The firm has a 50 day simple moving average of $250.11 and a 200 day simple moving average of $247.75.

Travelers Companies (NYSE:TRV) last released its earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.50 by $2.65. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The company had revenue of $12.01 billion during the quarter, compared to analyst estimates of $10.80 billion. During the same quarter in the prior year, the company earned $7.01 earnings per share. The company’s revenue for the quarter was up 9.9% on a year-over-year basis. As a group, research analysts expect that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be given a dividend of $1.05 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $4.20 dividend on an annualized basis and a yield of 1.60%. Travelers Companies’s payout ratio is presently 19.56%.

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.