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

JPMorgan Chase & Co. lessened its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 36.6% in the fourth quarter, according to the company in its most recent Form 13F filing 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 reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Elo Mutual Pension Insurance Co increased its position in shares of Travelers Companies by 13.7% in the fourth quarter. Elo Mutual Pension Insurance Co now owns 22,993 shares of the insurance provider’s stock worth $5,539,000 after acquiring an additional 2,779 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in Travelers Companies by 6.5% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 476,991 shares of the insurance provider’s stock worth $115,570,000 after purchasing an additional 29,301 shares during the period. Korea Investment CORP increased its holdings in Travelers Companies by 1.3% in the 4th quarter. Korea Investment CORP now owns 165,931 shares of the insurance provider’s stock valued at $39,971,000 after purchasing an additional 2,163 shares in the last quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund purchased a new position in Travelers Companies in the fourth quarter valued at about $867,000. Finally, Financial Engines Advisors L.L.C. lifted its stake in shares of Travelers Companies by 107.7% during the fourth quarter. Financial Engines Advisors L.L.C. now owns 3,031 shares of the insurance provider’s stock worth $730,000 after purchasing an additional 1,572 shares in the last quarter. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Travelers Companies Price Performance

Shares of 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 current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.29. The firm has a market cap of $59.61 billion, a price-to-earnings ratio of 12.25, a PEG ratio of 4.65 and a beta of 0.60. The stock has a 50 day moving average of $250.11 and a 200-day moving average of $247.75.

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

Travelers Companies Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. BMO Capital Markets raised their target price on Travelers Companies from $275.00 to $297.00 and gave the company an “outperform” rating in a 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 boosted their target price on shares of Travelers Companies from $213.00 to $225.00 and gave the stock an “underweight” rating in a research report on Thursday, January 23rd. Barclays raised their price target on shares of Travelers Companies from $278.00 to $287.00 and gave the company an “overweight” rating in a report on Friday, January 24th. Finally, HSBC lowered shares of Travelers Companies from a “buy” rating to a “hold” rating and set a $270.00 price objective on the stock. in a report on Monday. Four investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $260.00.

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.