JPMorgan Chase & Co. trimmed its stake in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 7.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,875,035 shares of the insurance provider's stock after selling 534,050 shares during the quarter. JPMorgan Chase & Co. owned 3.03% of Travelers Companies worth $1,818,172,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. PFG Advisors grew its holdings in Travelers Companies by 108.8% during the 1st quarter. PFG Advisors now owns 4,255 shares of the insurance provider's stock worth $1,125,000 after acquiring an additional 2,217 shares in the last quarter. Greatmark Investment Partners Inc. grew its stake in shares of Travelers Companies by 3.0% during the first quarter. Greatmark Investment Partners Inc. now owns 60,953 shares of the insurance provider's stock worth $16,120,000 after purchasing an additional 1,772 shares in the last quarter. Portside Wealth Group LLC acquired a new position in shares of Travelers Companies during the first quarter worth $208,000. Concurrent Investment Advisors LLC grew its stake in shares of Travelers Companies by 47.3% during the first quarter. Concurrent Investment Advisors LLC now owns 5,305 shares of the insurance provider's stock worth $1,403,000 after purchasing an additional 1,703 shares in the last quarter. Finally, Alpha Cubed Investments LLC grew its stake in shares of Travelers Companies by 200.2% during the first quarter. Alpha Cubed Investments LLC now owns 3,290 shares of the insurance provider's stock worth $870,000 after purchasing an additional 2,194 shares in the last quarter. 82.45% of the stock is owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other Travelers Companies news, EVP Maria Olivo sold 36,199 shares of the firm's stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $274.20, for a total value of $9,925,765.80. Following the completion of the sale, the executive vice president owned 118,116 shares of the company's stock, valued at approximately $32,387,407.20. This trade represents a 23.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Daniel S. Frey sold 20,286 shares of the firm's stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $273.48, for a total value of $5,547,815.28. Following the completion of the sale, the chief financial officer directly owned 26,932 shares of the company's stock, valued at approximately $7,365,363.36. This trade represents a 42.96% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 175,374 shares of company stock worth $47,929,912. Corporate insiders own 1.46% of the company's stock.
Travelers Companies Stock Down 0.1%
Travelers Companies stock opened at $265.00 on Friday. The Travelers Companies, Inc. has a twelve month low of $208.63 and a twelve month high of $277.83. The stock has a 50 day moving average of $263.16 and a two-hundred day moving average of $258.67. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $59.66 billion, a price-to-earnings ratio of 11.72, a PEG ratio of 3.07 and a beta of 0.51.
Travelers Companies (NYSE:TRV - Get Free Report) last issued its quarterly earnings results on Thursday, July 17th. The insurance provider reported $6.51 earnings per share for the quarter, topping the consensus estimate of $3.52 by $2.99. Travelers Companies had a return on equity of 18.68% and a net margin of 10.97%. The firm had revenue of $11.54 billion during the quarter, compared to the consensus estimate of $11.02 billion. During the same period last year, the company earned $2.51 earnings per share. The company's revenue for the quarter was up 7.4% 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 declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Wednesday, September 10th will be issued a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Wednesday, September 10th. Travelers Companies's dividend payout ratio (DPR) is currently 19.46%.
Analyst Upgrades and Downgrades
TRV has been the subject of several analyst reports. Barclays cut Travelers Companies from an "overweight" rating to an "equal weight" rating and lowered their price objective for the stock from $280.00 to $274.00 in a research report on Monday, July 7th. Keefe, Bruyette & Woods upped their price target on Travelers Companies from $304.00 to $316.00 and gave the company an "outperform" rating in a report on Friday, July 18th. Wells Fargo & Company upped their price target on Travelers Companies from $264.00 to $275.00 and gave the company an "equal weight" rating in a report on Friday, July 18th. UBS Group upped their target price on shares of Travelers Companies from $275.00 to $284.00 and gave the company a "neutral" rating in a report on Monday, July 21st. Finally, Citigroup restated a "market perform" rating on shares of Travelers Companies in a report on Monday, July 21st. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and six have given a buy rating to the company. According to data from MarketBeat, Travelers Companies currently has an average rating of "Hold" and a consensus price target of $282.69.
Read Our Latest Stock Analysis on Travelers Companies
Travelers Companies Company Profile
(
Free Report)
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.
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Want to see what other hedge funds are holding TRV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Travelers Companies, Inc. (NYSE:TRV - Free Report).

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