Greatmark Investment Partners Inc. Has $14.26 Million Stock Position in The Travelers Companies, Inc. (NYSE:TRV)

Greatmark Investment Partners Inc. boosted its position in The Travelers Companies, Inc. (NYSE:TRV) by 2.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 59,181 shares of the insurance provider’s stock after purchasing an additional 1,538 shares during the period. Travelers Companies comprises 1.9% of Greatmark Investment Partners Inc.’s holdings, making the stock its 21st largest position. Greatmark Investment Partners Inc.’s holdings in Travelers Companies were worth $14,256,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of TRV. Sienna Gestion lifted its position in Travelers Companies by 30.4% during the fourth quarter. Sienna Gestion now owns 40,559 shares of the insurance provider’s stock worth $9,769,000 after acquiring an additional 9,459 shares during the last quarter. Madison Investment Advisors LLC acquired a new stake in Travelers Companies during the fourth quarter worth approximately $725,000. Phillips Financial Management LLC acquired a new stake in Travelers Companies during the fourth quarter worth approximately $208,000. Skandinaviska Enskilda Banken AB publ lifted its position in Travelers Companies by 3.4% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 105,917 shares of the insurance provider’s stock worth $25,406,000 after acquiring an additional 3,476 shares during the last quarter. Finally, Erste Asset Management GmbH lifted its position in Travelers Companies by 1.0% during the fourth quarter. Erste Asset Management GmbH now owns 10,000 shares of the insurance provider’s stock worth $2,414,000 after acquiring an additional 100 shares during the last quarter. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have issued reports on TRV shares. Piper Sandler upgraded shares of Travelers Companies from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $259.00 to $310.00 in a research report on Friday, January 24th. Royal Bank of Canada restated a “sector perform” rating and set a $268.00 price objective (down from $273.00) on shares of Travelers Companies in a research report on Thursday, January 23rd. Keefe, Bruyette & Woods upgraded shares of Travelers Companies from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $275.00 to $286.00 in a research report on Wednesday, February 19th. BMO Capital Markets lifted their price target 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. Finally, Hsbc Global Res upgraded shares of Travelers Companies from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 10th. Four analysts have rated the stock with a sell rating, eleven have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Travelers Companies presently has an average rating of “Hold” and a consensus target price of $261.05.

Travelers Companies Stock Up 2.1 %

Shares of TRV opened at $261.26 on Friday. The Travelers Companies, Inc. has a one year low of $200.21 and a one year high of $269.56. The company has a market cap of $59.23 billion, a P/E ratio of 12.17, a P/E/G ratio of 4.65 and a beta of 0.60. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.33 and a quick ratio of 0.33. The firm has a 50 day simple moving average of $246.26 and a two-hundred day simple moving average of $245.73.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Wednesday, January 22nd. The insurance provider reported $9.15 EPS for the quarter, beating the consensus estimate of $6.50 by $2.65. The business 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 company’s revenue was up 9.9% on a year-over-year basis. During the same period in the previous year, the business earned $7.01 earnings per share. Research analysts forecast that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be issued a dividend of $1.05 per share. The ex-dividend date is Monday, March 10th. This represents a $4.20 annualized dividend and a dividend yield of 1.61%. Travelers Companies’s dividend payout ratio (DPR) is presently 19.56%.

Travelers Companies 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.