Greatmark Investment Partners Inc. Increases Stock Position in The Travelers Companies, Inc. $TRV

Key Points

• Greatmark Investment Partners Inc. increased its holdings in The Travelers Companies by 2.5% in Q2, owning 62,463 shares valued at approximately $16.7 million.
• The Travelers Companies reported earnings per share of $8.14, significantly exceeding analysts' expectations of $6.01, during its latest quarterly earnings announcement.
• The company declared a quarterly dividend of $1.10 per share, with an annualized payout of $4.40, representing a yield of 1.6%.

Greatmark Investment Partners Inc. lifted its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 2.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 62,463 shares of the insurance provider's stock after buying an additional 1,510 shares during the period. Travelers Companies comprises 2.1% of Greatmark Investment Partners Inc.'s investment portfolio, making the stock its 18th biggest holding. Greatmark Investment Partners Inc.'s holdings in Travelers Companies were worth $16,711,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Bearing Point Capital LLC raised its position in shares of Travelers Companies by 2.0% in the 1st quarter. Bearing Point Capital LLC now owns 1,973 shares of the insurance provider's stock valued at $522,000 after purchasing an additional 38 shares in the last quarter. Forum Financial Management LP boosted its holdings in shares of Travelers Companies by 0.9% in the 1st quarter. Forum Financial Management LP now owns 4,428 shares of the insurance provider's stock valued at $1,171,000 after buying an additional 39 shares during the period. Y.D. More Investments Ltd grew its holdings in shares of Travelers Companies by 13.9% during the first quarter. Y.D. More Investments Ltd now owns 319 shares of the insurance provider's stock valued at $84,000 after purchasing an additional 39 shares during the last quarter. Park National Corp OH lifted its stake in Travelers Companies by 1.6% in the second quarter. Park National Corp OH now owns 2,580 shares of the insurance provider's stock valued at $690,000 after buying an additional 40 shares during the last quarter. Finally, ORG Partners LLC lifted its position in Travelers Companies by 5.6% in the 2nd quarter. ORG Partners LLC now owns 776 shares of the insurance provider's stock valued at $207,000 after purchasing an additional 41 shares during the last quarter. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Travelers Companies Stock Up 1.6%

Travelers Companies stock opened at $269.43 on Wednesday. The Travelers Companies, Inc. has a fifty-two week low of $230.23 and a fifty-two week high of $287.95. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.35 and a quick ratio of 0.35. The firm has a market cap of $60.10 billion, a price-to-earnings ratio of 10.59, a P/E/G ratio of 2.50 and a beta of 0.51. The firm has a fifty day moving average price of $274.06 and a two-hundred day moving average price of $266.51.

Travelers Companies (NYSE:TRV - Get Free Report) last issued its quarterly earnings results on Thursday, October 16th. The insurance provider reported $8.14 earnings per share for the quarter, beating analysts' consensus estimates of $6.01 by $2.13. The firm had revenue of $11.47 billion during the quarter, compared to the consensus estimate of $11.15 billion. Travelers Companies had a net margin of 12.14% and a return on equity of 20.28%. The business's revenue was up 4.8% on a year-over-year basis. During the same period in the prior year, the firm earned $5.24 EPS. As a group, analysts forecast that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 10th will be paid a dividend of $1.10 per share. The ex-dividend date is Wednesday, December 10th. This represents a $4.40 dividend on an annualized basis and a yield of 1.6%. Travelers Companies's payout ratio is currently 17.30%.

Wall Street Analyst Weigh In

Several analysts recently commented on TRV shares. Evercore ISI restated an "outperform" rating on shares of Travelers Companies in a research report on Wednesday, October 1st. Citigroup began coverage on Travelers Companies in a research note on Wednesday, August 13th. They set a "neutral" rating and a $291.00 target price for the company. Piper Sandler upped their price target on Travelers Companies from $320.00 to $322.00 and gave the company an "overweight" rating in a report on Friday. Weiss Ratings reiterated a "buy (b)" rating on shares of Travelers Companies in a report on Tuesday, October 14th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Travelers Companies from $304.00 to $305.00 and gave the company an "outperform" rating in a report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $291.31.

Insider Transactions at Travelers Companies

In other news, EVP Mojgan M. Lefebvre sold 16,820 shares of the stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $277.54, for a total value of $4,668,222.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 1.46% of the stock is owned by company insiders.

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.

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