Hsbc Holdings PLC Buys 65,548 Shares of The Travelers Companies, Inc. $TRV

Hsbc Holdings PLC lifted its stake in The Travelers Companies, Inc. (NYSE:TRV) by 8.8% during the second quarter, Holdings Channel.com reports. The fund owned 807,548 shares of the insurance provider’s stock after buying an additional 65,548 shares during the period. Hsbc Holdings PLC’s holdings in Travelers Companies were worth $267,132,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Berman McAleer LLC increased its holdings in Travelers Companies by 3.5% during the second quarter. Berman McAleer LLC now owns 894 shares of the insurance provider’s stock worth $295,000 after buying an additional 30 shares during the last quarter. Willner & Heller LLC grew its stake in Travelers Companies by 2.7% in the 2nd quarter. Willner & Heller LLC now owns 1,206 shares of the insurance provider’s stock valued at $398,000 after buying an additional 32 shares during the last quarter. Spinnaker Trust increased its stake in shares of Travelers Companies by 1.7% during the first quarter. Spinnaker Trust now owns 1,938 shares of the insurance provider’s stock worth $565,000 after purchasing an additional 33 shares during the period. Cim LLC increased its position in Travelers Companies by 0.4% during the 4th quarter. Cim LLC now owns 8,145 shares of the insurance provider’s stock worth $2,363,000 after buying an additional 34 shares during the period. Finally, Avalon Trust Co increased its position in Travelers Companies by 0.4% during the first quarter. Avalon Trust Co now owns 8,784 shares of the insurance provider’s stock worth $2,562,000 after acquiring an additional 35 shares during the period. Institutional investors own 82.45% of the company’s stock.

Insider Buying and Selling at Travelers Companies

In other Travelers Companies news, EVP Daniel Yin sold 7,153 shares of the business’s stock in a transaction that occurred on 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 transaction, the executive vice president directly owned 68,834 shares of the company’s stock, valued at approximately $26,638,758. The trade was a 9.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Maria Olivo sold 6,000 shares of the firm’s stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $369.86, for a total transaction of $2,219,160.00. Following the sale, the executive vice president directly owned 118,742 shares of the company’s stock, valued at approximately $43,917,916.12. This trade represents a 4.81% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 58,667 shares of company stock valued at $21,830,989 over the last ninety days. Insiders own 1.39% of the company’s stock.

Travelers Companies Price Performance

TRV stock opened at $369.01 on Monday. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.27. The firm has a market cap of $76.96 billion, a price-to-earnings ratio of 9.88, a PEG ratio of 2.48 and a beta of 0.44. The company’s fifty day simple moving average is $363.46 and its 200 day simple moving average is $323.48. The Travelers Companies, Inc. has a 12-month low of $252.26 and a 12-month high of $398.70.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Friday, July 17th. The insurance provider reported $10.04 earnings per share for the quarter, topping analysts’ consensus estimates of $5.41 by $4.63. Travelers Companies had a return on equity of 25.41% and a net margin of 16.95%.The firm had revenue of $12.15 billion during the quarter, compared to the consensus estimate of $11.26 billion. During the same period last year, the business posted $6.51 EPS. The business’s revenue was up .3% compared to the same quarter last year. On average, analysts expect that The Travelers Companies, Inc. will post 33.82 earnings per share for the current year.

Travelers Companies Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Wells Fargo & Company raised their price objective on Travelers Companies from $295.00 to $334.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 9th. Citigroup reiterated a “market perform” rating on shares of Travelers Companies in a research report on Monday, July 20th. Truist Financial upped their target price on Travelers Companies from $395.00 to $425.00 and gave the stock a “buy” rating in a report on Monday, July 20th. Bank of America upped their price target on shares of Travelers Companies from $283.00 to $307.00 and gave the company an “underperform” rating in a research report on Monday, July 20th. Finally, Evercore set a $329.00 price objective on Travelers Companies and gave the stock an “in-line” rating in a research report on Friday, July 10th. Four investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, thirteen have given a Hold rating and five have issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $354.26.

About Travelers Companies

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.