Greatmark Investment Partners Inc. Acquires 1,538 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Greatmark Investment Partners Inc. boosted its stake in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 2.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 59,181 shares of the insurance provider's stock after purchasing an additional 1,538 shares during the quarter. Travelers Companies comprises 1.9% of Greatmark Investment Partners Inc.'s portfolio, 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 Securities & Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the stock. Sienna Gestion boosted 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 purchasing an additional 9,459 shares during the period. Madison Investment Advisors LLC bought a new stake in Travelers Companies during the fourth quarter worth approximately $725,000. Phillips Financial Management LLC bought a new stake in Travelers Companies during the fourth quarter worth approximately $208,000. Skandinaviska Enskilda Banken AB publ lifted its holdings in shares of 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 buying an additional 3,476 shares during the last quarter. Finally, Erste Asset Management GmbH lifted its holdings in shares of 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 buying an additional 100 shares during the last quarter. Institutional investors own 82.45% of the company's stock.

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Travelers Companies Stock Performance

Shares of NYSE TRV traded up $1.00 during midday trading on Wednesday, hitting $261.50. 1,624,195 shares of the company's stock were exchanged, compared to its average volume of 1,174,779. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.29. The Travelers Companies, Inc. has a 12 month low of $200.21 and a 12 month high of $269.56. The company's 50 day moving average price is $247.11 and its 200 day moving average price is $246.54. The firm has a market capitalization of $59.29 billion, a PE ratio of 12.18, a price-to-earnings-growth ratio of 4.65 and a beta of 0.60.

Travelers Companies (NYSE:TRV - Get Free Report) last released its quarterly earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share for the quarter, topping the consensus estimate of $6.50 by $2.65. The business 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%. The firm's revenue for the quarter was up 9.9% compared to the same quarter last year. During the same period last year, the firm posted $7.01 EPS. As a group, analysts predict that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be given a dividend of $1.05 per share. The ex-dividend date is Monday, March 10th. This represents a $4.20 dividend on an annualized basis and a yield of 1.61%. Travelers Companies's dividend payout ratio is currently 19.56%.

Analyst Ratings Changes

TRV has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods upgraded Travelers Companies from a "market perform" rating to an "outperform" rating and upped their price target for the stock from $275.00 to $286.00 in a report on Wednesday, February 19th. HSBC upgraded Travelers Companies from a "hold" rating to a "buy" rating and set a $290.00 price target for the company in a report on Tuesday, December 10th. BMO Capital Markets upped their price target on Travelers Companies from $275.00 to $297.00 and gave the stock an "outperform" rating in a report on Friday, January 24th. StockNews.com lowered Travelers Companies from a "buy" rating to a "hold" rating in a report on Thursday, January 23rd. Finally, Wells Fargo & Company upped their price target on Travelers Companies from $213.00 to $225.00 and gave the stock an "underweight" rating in a report on Thursday, January 23rd. Four equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Travelers Companies presently has a consensus rating of "Hold" and an average price target of $261.05.

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.