Greatmark Investment Partners Inc. Has $10.19 Million Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Greatmark Investment Partners Inc. lifted its stake in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 12.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 53,485 shares of the insurance provider's stock after acquiring an additional 5,779 shares during the quarter. Travelers Companies makes up 1.6% of Greatmark Investment Partners Inc.'s portfolio, making the stock its 24th biggest holding. Greatmark Investment Partners Inc.'s holdings in Travelers Companies were worth $10,188,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Clearbridge Investments LLC increased its stake in shares of Travelers Companies by 15.8% in the third quarter. Clearbridge Investments LLC now owns 4,575,759 shares of the insurance provider's stock worth $747,267,000 after acquiring an additional 623,974 shares during the last quarter. Northern Trust Corp boosted its holdings in Travelers Companies by 0.9% in the third quarter. Northern Trust Corp now owns 3,431,825 shares of the insurance provider's stock worth $560,451,000 after purchasing an additional 29,989 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Travelers Companies by 4.3% in the third quarter. Bank of New York Mellon Corp now owns 2,285,751 shares of the insurance provider's stock worth $373,286,000 after purchasing an additional 95,153 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Travelers Companies by 0.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,395,810 shares of the insurance provider's stock worth $227,950,000 after purchasing an additional 5,584 shares in the last quarter. Finally, Hsbc Holdings PLC boosted its holdings in Travelers Companies by 7.2% in the third quarter. Hsbc Holdings PLC now owns 989,962 shares of the insurance provider's stock worth $162,157,000 after purchasing an additional 66,508 shares in the last quarter. 82.45% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Travelers Companies

In other news, CFO Daniel S. Frey sold 38,000 shares of the firm's stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $212.55, for a total transaction of $8,076,900.00. Following the completion of the sale, the chief financial officer now owns 14,810 shares of the company's stock, valued at $3,147,865.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, Vice Chairman William H. Heyman sold 2,500 shares of the stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $213.54, for a total transaction of $533,850.00. Following the sale, the insider now directly owns 255,178 shares of the company's stock, valued at $54,490,710.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Daniel S. Frey sold 38,000 shares of the stock in a transaction that occurred on Tuesday, February 6th. The shares were 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 directly owns 14,810 shares in the company, valued at $3,147,865.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 80,734 shares of company stock valued at $17,208,404. Corporate insiders own 1.33% of the company's stock.

Travelers Companies Price Performance

NYSE:TRV traded down $0.60 during mid-day trading on Monday, hitting $212.85. The company's stock had a trading volume of 1,454,622 shares, compared to its average volume of 1,495,367. The Travelers Companies, Inc. has a fifty-two week low of $157.33 and a fifty-two week high of $232.75. 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 company has a market capitalization of $48.74 billion, a price-to-earnings ratio of 15.79, a P/E/G ratio of 1.11 and a beta of 0.58. The stock has a fifty day moving average of $221.50 and a 200-day moving average of $198.91.

Travelers Companies (NYSE:TRV - Get Free Report) last posted its quarterly earnings results on Wednesday, April 17th. The insurance provider reported $4.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.75 by ($0.06). The business had revenue of $11.23 billion during 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 business's revenue for the quarter was up 15.7% on a year-over-year basis. During the same period last year, the company earned $4.11 EPS. As a group, equities analysts forecast that The Travelers Companies, Inc. will post 17.74 EPS for the current fiscal year.

Travelers Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Monday, June 10th will be issued a dividend of $1.05 per share. This is a positive change from Travelers Companies's previous quarterly dividend of $1.00. The ex-dividend date is Friday, June 7th. This represents a $4.20 annualized dividend and a dividend yield of 1.97%. Travelers Companies's dividend payout ratio (DPR) is presently 31.20%.

Analyst Ratings Changes

TRV has been the subject of a number of recent research reports. Raymond James upped their price objective on shares of Travelers Companies from $220.00 to $245.00 and gave the stock a "strong-buy" rating in a report on Monday, January 22nd. JPMorgan Chase & Co. upped 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. Morgan Stanley upped their price target on shares of Travelers Companies from $222.00 to $230.00 and gave the company an "equal weight" rating in a report on Monday, April 15th. Oppenheimer restated a "market perform" rating on shares of Travelers Companies in a report on Friday, April 5th. Finally, Royal Bank of Canada decreased their price target on shares of Travelers Companies from $230.00 to $225.00 and set a "sector perform" rating for the company in a report on Thursday, April 18th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus 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.