JPMorgan Chase & Co. lowered its position in The Travelers Cos. (NYSE:TRV) by 11.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,674,498 shares of the company’s stock after selling 984,172 shares during the period. JPMorgan Chase & Co.’s holdings in The Travelers Cos. were worth $879,112,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Global X Management Co. LLC raised its stake in The Travelers Cos. by 86.8% in the second quarter. Global X Management Co. LLC now owns 977 shares of the company’s stock worth $116,000 after buying an additional 454 shares during the period. Mycio Wealth Partners LLC raised its stake in shares of The Travelers Cos. by 2.4% in the second quarter. Mycio Wealth Partners LLC now owns 1,062 shares of the company’s stock valued at $126,000 after buying an additional 25 shares during the last quarter. Ledyard National Bank raised its stake in shares of The Travelers Cos. by 5.4% in the second quarter. Ledyard National Bank now owns 1,089 shares of the company’s stock valued at $130,000 after buying an additional 56 shares during the last quarter. American National Bank raised its stake in shares of The Travelers Cos. by 51.2% in the third quarter. American National Bank now owns 1,157 shares of the company’s stock valued at $133,000 after buying an additional 392 shares during the last quarter. Finally, Krilogy Financial LLC raised its stake in shares of The Travelers Cos. by 3.8% in the second quarter. Krilogy Financial LLC now owns 1,128 shares of the company’s stock valued at $134,000 after buying an additional 41 shares during the last quarter. Institutional investors and hedge funds own 76.93% of the company’s stock.

Institutional Ownership by Quarter for The Travelers Cos. (NYSE:TRV)

The Travelers Cos. (NYSE:TRV) opened at 113.70 on Wednesday. The stock has a 50 day moving average price of $110.74 and a 200 day moving average price of $114.37. The Travelers Cos. has a 12-month low of $101.23 and a 12-month high of $119.32. The company has a market capitalization of $32.30 billion, a price-to-earnings ratio of 11.53 and a beta of 1.03.

The Travelers Cos. (NYSE:TRV) last posted its earnings results on Thursday, October 20th. The company reported $2.40 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.27 by $0.13. The company had revenue of $6.96 billion for the quarter, compared to analysts’ expectations of $6.37 billion. The Travelers Cos. had a return on equity of 12.11% and a net margin of 10.84%. The Travelers Cos.’s quarterly revenue was up 3.2% on a year-over-year basis. During the same period last year, the firm earned $2.93 earnings per share. On average, analysts expect that The Travelers Cos. will post $9.51 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 30th. Shareholders of record on Friday, December 9th will be given a dividend of $0.67 per share. The ex-dividend date is Wednesday, December 7th. This represents a $2.68 annualized dividend and a yield of 2.36%. The Travelers Cos.’s payout ratio is 27.29%.

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A number of research firms recently weighed in on TRV. Credit Suisse Group AG set a $111.00 price target on The Travelers Cos. and gave the stock a “hold” rating in a research note on Monday, September 12th. William Blair downgraded The Travelers Cos. from a “market perform” rating to an “underperform” rating in a research note on Thursday, November 17th. Citigroup Inc. upped their price target on The Travelers Cos. from $117.00 to $123.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 11th. Zacks Investment Research raised The Travelers Cos. from a “sell” rating to a “hold” rating in a research note on Wednesday, August 31st. Finally, Barclays PLC reaffirmed an “equal weight” rating and set a $109.00 price target (up from $105.00) on shares of The Travelers Cos. in a research note on Saturday, October 1st. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the stock. The Travelers Cos. has a consensus rating of “Hold” and a consensus price target of $117.64.

In related news, Director Philip T. Ruegger III purchased 2,000 shares of the company’s stock in a transaction dated Wednesday, November 9th. The shares were purchased at an average cost of $107.19 per share, with a total value of $214,380.00. Following the transaction, the director now directly owns 22,443 shares in the company, valued at approximately $2,405,665.17. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, Vice Chairman William H. Heyman sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, November 25th. The stock was sold at an average price of $113.75, for a total value of $113,750.00. Following the completion of the sale, the insider now directly owns 229,254 shares in the company, valued at $26,077,642.50. The disclosure for this sale can be found here. Company insiders own 1.34% of the company’s stock.

About The Travelers Cos.

The Travelers Companies, Inc is a holding company. The Company, through its subsidiaries, is engaged in providing a range of commercial and personal property and casualty insurance products and services to businesses, government units, associations and individuals. It operates through three segments: Business and International Insurance; Bond & Specialty Insurance, and Personal Insurance.

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