Hsbc Holdings PLC Boosts Holdings in The Travelers Companies, Inc. $TRV

Hsbc Holdings PLC grew its position in The Travelers Companies, Inc. (NYSE:TRV) by 9.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 865,178 shares of the insurance provider’s stock after purchasing an additional 73,650 shares during the period. Hsbc Holdings PLC’s holdings in Travelers Companies were worth $251,117,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in TRV. Stance Capital LLC acquired a new stake in Travelers Companies in the fourth quarter worth about $4,185,000. Cornerstone Planning LLC acquired a new stake in Travelers Companies in the 4th quarter worth approximately $2,193,000. World Investment Advisors boosted its stake in Travelers Companies by 65.8% in the 4th quarter. World Investment Advisors now owns 4,588 shares of the insurance provider’s stock worth $1,331,000 after purchasing an additional 1,820 shares in the last quarter. Nalls Sherbakoff Group LLC purchased a new stake in Travelers Companies during the 4th quarter worth approximately $35,000. Finally, Larry Mathis Financial Planning LLC acquired a new position in Travelers Companies during the 4th quarter valued at approximately $330,000. 82.45% of the stock is owned by institutional investors and hedge funds.

Travelers Companies Price Performance

NYSE:TRV opened at $341.65 on Friday. The firm’s fifty day moving average is $305.97 and its two-hundred day moving average is $297.78. The firm has a market cap of $72.65 billion, a price-to-earnings ratio of 10.17, a PEG ratio of 3.02 and a beta of 0.46. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.35 and a current ratio of 0.35. The Travelers Companies, Inc. has a one year low of $249.19 and a one year high of $342.31.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Thursday, April 16th. The insurance provider reported $7.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.80 by $0.91. Travelers Companies had a return on equity of 24.06% and a net margin of 15.54%.The business had revenue of $11.92 billion during the quarter, compared to analysts’ expectations of $11.11 billion. During the same quarter in the previous year, the firm posted $1.91 EPS. The company’s revenue for the quarter was down 1.7% on a year-over-year basis. Research analysts expect that The Travelers Companies, Inc. will post 28 EPS for the current year.

Travelers Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Wednesday, June 10th were issued a $1.25 dividend. The ex-dividend date of this dividend was Wednesday, June 10th. This is an increase from Travelers Companies’s previous quarterly dividend of $1.10. This represents a $5.00 annualized dividend and a yield of 1.5%. Travelers Companies’s dividend payout ratio is 14.88%.

Analyst Upgrades and Downgrades

TRV has been the subject of several research reports. BMO Capital Markets lifted their price objective on shares of Travelers Companies from $297.00 to $314.00 and gave the stock an “outperform” rating in a research note on Monday, April 20th. Roth Mkm reissued a “buy” rating on shares of Travelers Companies in a research report on Monday, April 20th. Bank of America lowered their price target on Travelers Companies from $259.00 to $257.00 and set an “underperform” rating for the company in a research report on Tuesday, April 14th. Keefe, Bruyette & Woods boosted their price target on Travelers Companies from $340.00 to $342.00 and gave the company an “outperform” rating in a research note on Monday, April 20th. Finally, Barclays lowered Travelers Companies from an “equal weight” rating to an “underweight” rating and cut their price objective for the company from $331.00 to $295.00 in a report on Friday, June 12th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, ten have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $309.07.

Insider Buying and Selling

In other Travelers Companies news, insider Avrohom J. Kess sold 6,735 shares of the company’s stock in a transaction on Tuesday, April 28th. The shares were sold at an average price of $308.78, for a total transaction of $2,079,633.30. Following the completion of the transaction, the insider directly owned 48,737 shares in the company, valued at approximately $15,049,010.86. This represents a 12.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Vice Chairman William H. Heyman sold 1,557 shares of the company’s stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of $310.64, for a total transaction of $483,666.48. Following the transaction, the insider owned 259,590 shares of the company’s stock, valued at approximately $80,639,037.60. This trade represents a 0.60% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 37,573 shares of company stock worth $11,504,146 in the last 90 days. 1.39% of the stock is owned by insiders.

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.