Hsbc Holdings PLC Invests $267.13 Million in The Travelers Companies, Inc. $TRV

Hsbc Holdings PLC bought a new stake in The Travelers Companies, Inc. (NYSE:TRV) during the second quarter, HoldingsChannel.com reports. The fund bought 807,548 shares of the insurance provider’s stock, valued at approximately $267,132,000.

Several other hedge funds also recently made changes to their positions in the business. LifeSteps Financial Inc. acquired a new position in shares of Travelers Companies during the 2nd quarter worth about $26,000. Kilter Group LLC bought a new stake in Travelers Companies during the second quarter worth about $26,000. HHM Wealth Advisors LLC boosted its position in Travelers Companies by 145.7% during the first quarter. HHM Wealth Advisors LLC now owns 86 shares of the insurance provider’s stock valued at $25,000 after purchasing an additional 51 shares during the last quarter. Kemnay Advisory Services Inc. bought a new stake in Travelers Companies during the fourth quarter worth $26,000. Finally, Whipplewood Advisors LLC acquired a new stake in Travelers Companies in the first quarter valued at $26,000. 82.45% of the stock is owned by institutional investors.

Insider Buying and Selling at Travelers Companies

In related news, EVP Daniel Tei-Hwa Yin sold 7,153 shares of the firm’s stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $387.00, for a total value of $2,768,211.00. Following the sale, the executive vice president directly owned 68,834 shares of the company’s stock, valued at $26,638,758. This trade represents a 9.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Michael Frederick Klein sold 6,000 shares of the business’s stock in a transaction dated Tuesday, July 21st. The stock was sold at an average price of $366.09, for a total value of $2,196,540.00. Following the transaction, the executive vice president directly owned 45,125 shares of the company’s stock, valued at approximately $16,519,811.25. The trade was a 11.74% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 52,667 shares of company stock worth $19,611,829 over the last quarter. 1.39% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Morgan Stanley upped their target price on shares of Travelers Companies from $290.00 to $330.00 and gave the company an “underweight” rating in a report on Tuesday, July 21st. Truist Financial lifted their price objective on shares of Travelers Companies from $395.00 to $425.00 and gave the stock a “buy” rating in a research report on Monday, July 20th. UBS Group raised their price objective on shares of Travelers Companies from $314.00 to $350.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 8th. The Goldman Sachs Group cut Travelers Companies from a “neutral” rating to a “sell” rating and set a $350.00 price objective for the company. in a report on Monday, July 20th. Finally, HSBC upped their price target on shares of Travelers Companies from $321.00 to $351.00 and gave the company a “hold” rating in a research note on Monday, July 6th. Four research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, thirteen have issued a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $354.26.

Travelers Companies Stock Performance

NYSE:TRV opened at $369.40 on Wednesday. The company has a market cap of $77.05 billion, a price-to-earnings ratio of 9.89, a PEG ratio of 3.52 and a beta of 0.45. The stock has a fifty day moving average price of $354.79 and a 200-day moving average price of $319.45. The Travelers Companies, Inc. has a fifty-two week low of $252.26 and a fifty-two week high of $398.70. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.33 and a current ratio of 0.33.

Travelers Companies (NYSE:TRV) last released its earnings results on Friday, July 17th. The insurance provider reported $10.04 EPS for the quarter, beating the consensus estimate of $5.41 by $4.63. Travelers Companies had a net margin of 16.95% and a return on equity of 25.41%. The firm had revenue of $12.15 billion for the quarter, compared to analyst estimates of $11.26 billion. During the same period last year, the firm earned $6.51 EPS. The business’s quarterly revenue was up .3% compared to the same quarter last year. As a group, equities analysts anticipate that The Travelers Companies, Inc. will post 33.82 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Thursday, September 10th will be paid a dividend of $1.25 per share. The ex-dividend date is Thursday, September 10th. This represents a $5.00 annualized dividend and a yield of 1.4%. Travelers Companies’s dividend payout ratio is presently 13.39%.

Travelers Companies Company Profile

The Travelers Companies, Inc (NYSE: TRV) is a leading provider of property and casualty insurance products and services. The company underwrites a broad range of commercial and personal insurance lines, offering coverage designed to protect individuals, small and midsize businesses, and large corporate clients against property loss, liability, and other operational risks. Travelers is known for combining underwriting, claims management and risk control services to help clients prevent losses and recover when incidents occur.

On the commercial side, Travelers writes primary and specialty coverages including property, general liability, commercial auto, workers’ compensation, professional and management liability, surety and inland marine.