Greatmark Investment Partners Inc. Has $10.19 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 12.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 53,485 shares of the insurance provider’s stock after buying an additional 5,779 shares during the quarter. Travelers Companies makes up about 1.6% of Greatmark Investment Partners Inc.’s holdings, making the stock its 24th biggest position. Greatmark Investment Partners Inc.’s holdings in Travelers Companies were worth $10,188,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of TRV. Clearbridge Investments LLC grew its stake in Travelers Companies by 15.8% in the 3rd quarter. Clearbridge Investments LLC now owns 4,575,759 shares of the insurance provider’s stock valued at $747,267,000 after buying an additional 623,974 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its stake in Travelers Companies by 1,826.3% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 512,714 shares of the insurance provider’s stock valued at $83,731,000 after buying an additional 486,098 shares during the last quarter. International Assets Investment Management LLC grew its stake in Travelers Companies by 19,918.1% in the 4th quarter. International Assets Investment Management LLC now owns 475,830 shares of the insurance provider’s stock valued at $90,641,000 after buying an additional 473,453 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in Travelers Companies by 940.1% in the 3rd quarter. Assenagon Asset Management S.A. now owns 355,366 shares of the insurance provider’s stock valued at $58,035,000 after buying an additional 321,198 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its stake in Travelers Companies by 57.7% in the 3rd quarter. Envestnet Asset Management Inc. now owns 626,172 shares of the insurance provider’s stock valued at $102,260,000 after buying an additional 229,071 shares during the last quarter. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Travelers Companies

In other Travelers Companies news, CFO Daniel S. Frey sold 38,000 shares of the firm’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $212.55, for a total value of $8,076,900.00. Following the completion of the sale, the chief financial officer now owns 14,810 shares in the company, valued at approximately $3,147,865.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CFO Daniel S. Frey sold 5,000 shares of Travelers Companies stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $212.90, for a total transaction of $1,064,500.00. Following the completion of the sale, the chief financial officer now owns 18,515 shares in the company, valued at approximately $3,941,843.50. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Daniel S. Frey sold 38,000 shares of Travelers Companies stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $212.55, for a total transaction of $8,076,900.00. Following the sale, the chief financial officer now owns 14,810 shares of the company’s stock, valued at approximately $3,147,865.50. The disclosure for this sale can be found here. In the last 90 days, insiders sold 80,734 shares of company stock worth $17,208,404. 1.33% of the stock is currently owned by corporate insiders.

Travelers Companies Price Performance

Shares of Travelers Companies stock traded down $1.12 during mid-day trading on Monday, reaching $212.33. 498,096 shares of the stock were exchanged, compared to its average volume of 1,483,374. The company has a market cap of $48.62 billion, a price-to-earnings ratio of 15.79, a price-to-earnings-growth ratio of 1.11 and a beta of 0.58. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.32. The firm has a 50-day simple moving average of $221.50 and a 200 day simple moving average of $198.91. The Travelers Companies, Inc. has a fifty-two week low of $157.33 and a fifty-two week high of $232.75.

Travelers Companies (NYSE:TRV) last announced its earnings results on Wednesday, April 17th. The insurance provider reported $4.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.75 by ($0.06). The firm had revenue of $11.23 billion for the quarter, compared to analyst estimates of $10.62 billion. Travelers Companies had a return on equity of 13.94% and a net margin of 7.32%. The company’s revenue for the quarter was up 15.7% compared to the same quarter last year. During the same quarter last year, the business earned $4.11 EPS. On average, sell-side analysts predict that The Travelers Companies, Inc. will post 17.74 EPS for the current fiscal year.

Travelers Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Monday, June 10th will be given a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 1.98%. The ex-dividend date of this dividend is Friday, June 7th. This is a boost from Travelers Companies’s previous quarterly dividend of $1.00. Travelers Companies’s dividend payout ratio (DPR) is presently 31.20%.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Roth Mkm reissued a “buy” rating and issued a $240.00 price target on shares of Travelers Companies in a report on Thursday, April 18th. HSBC increased their price target on shares of Travelers Companies from $218.00 to $240.00 and gave the company a “hold” rating in a report on Thursday, April 4th. Citigroup increased their price target on shares of Travelers Companies from $215.00 to $226.00 and gave the company a “neutral” rating in a report on Tuesday, April 16th. Piper Sandler reissued a “neutral” rating and issued a $213.00 price target on shares of Travelers Companies in a report on Monday, April 1st. Finally, JPMorgan Chase & Co. increased their price target on shares of Travelers Companies from $194.00 to $213.00 and gave the company an “underweight” rating in a report on Monday, April 8th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $223.47.

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.