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

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

Several other large investors have also recently bought and sold shares of the company. YANKCOM Partnership acquired a new position in shares of Travelers Companies in the 4th quarter valued at $27,000. True Wealth Design LLC acquired a new position in shares of Travelers Companies in the 3rd quarter valued at $41,000. Asset Planning Inc acquired a new position in shares of Travelers Companies in the 4th quarter valued at $44,000. Providence First Trust Co acquired a new position in shares of Travelers Companies in the 4th quarter valued at $48,000. Finally, Versant Capital Management Inc lifted its stake in shares of Travelers Companies by 581.1% in the 4th quarter. Versant Capital Management Inc now owns 252 shares of the insurance provider’s stock valued at $61,000 after purchasing an additional 215 shares during the period. Institutional investors and hedge funds own 82.45% of the company’s stock.

Analysts Set New Price Targets

TRV has been the subject of a number of recent analyst reports. BMO Capital Markets upped their price objective 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. Wells Fargo & Company upped their price objective on shares of Travelers Companies from $213.00 to $225.00 and gave the company an “underweight” rating in a research report on Thursday, January 23rd. HSBC upgraded shares of Travelers Companies from a “hold” rating to a “buy” rating and set a $290.00 price objective for the company in a research report on Tuesday, December 10th. Barclays upped their price objective on shares of Travelers Companies from $278.00 to $287.00 and gave the company an “overweight” rating in a research report on Friday, January 24th. Finally, StockNews.com cut shares of Travelers Companies from a “buy” rating to a “hold” rating in a research report on Thursday, January 23rd. Four investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $261.05.

Travelers Companies Price Performance

Shares of NYSE TRV opened at $261.26 on Friday. The stock has a market capitalization of $59.23 billion, a price-to-earnings ratio of 12.17, a PEG ratio of 4.65 and a beta of 0.60. The business has a 50-day moving average of $246.26 and a 200-day moving average of $245.73. 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 Travelers Companies, Inc. has a fifty-two week low of $200.21 and a fifty-two week high of $269.56.

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

Travelers Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be paid a $1.05 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $4.20 annualized dividend and a yield of 1.61%. Travelers Companies’s dividend payout ratio (DPR) is currently 19.56%.

Travelers Companies Company 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.