Hsbc Holdings PLC Buys 73,650 Shares of The Travelers Companies, Inc. $TRV

Hsbc Holdings PLC boosted its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 9.3% in the 4th quarter, Holdings Channel reports. The institutional investor owned 865,178 shares of the insurance provider’s stock after buying an additional 73,650 shares during the quarter. Hsbc Holdings PLC’s holdings in Travelers Companies were worth $251,117,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Kemnay Advisory Services Inc. purchased a new stake in shares of Travelers Companies in the fourth quarter valued at $26,000. Osterweis Capital Management Inc. lifted its holdings in shares of Travelers Companies by 1,820.0% in the 2nd quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider’s stock worth $26,000 after acquiring an additional 91 shares during the last quarter. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Travelers Companies during the 4th quarter worth about $28,000. Entrust Financial LLC purchased a new position in shares of Travelers Companies during the 4th quarter worth about $31,000. Finally, Navalign LLC bought a new position in Travelers Companies during the 4th quarter valued at about $35,000. Institutional investors own 82.45% of the company’s stock.

Travelers Companies Trading Down 0.1%

Shares of TRV opened at $307.48 on Friday. The firm has a market capitalization of $65.38 billion, a price-to-earnings ratio of 9.15, a PEG ratio of 2.78 and a beta of 0.48. 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 Travelers Companies, Inc. has a 1-year low of $249.19 and a 1-year high of $313.12. The company has a 50-day moving average of $301.35 and a 200 day moving average of $294.99.

Travelers Companies (NYSE:TRV) last issued its earnings results on Thursday, April 16th. The insurance provider reported $7.71 EPS for the quarter, topping analysts’ consensus estimates of $6.80 by $0.91. The business had revenue of $11.92 billion for the quarter, compared to the consensus estimate of $11.11 billion. Travelers Companies had a net margin of 15.54% and a return on equity of 24.06%. The company’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.91 EPS. On average, research analysts expect that The Travelers Companies, Inc. will post 28 EPS for the current year.

Travelers Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Wednesday, June 10th will be paid a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 1.6%. This is an increase from Travelers Companies’s previous quarterly dividend of $1.10. The ex-dividend date of this dividend is Wednesday, June 10th. Travelers Companies’s payout ratio is currently 14.88%.

Analyst Ratings Changes

Several analysts have issued reports on TRV shares. Seaport Research Partners set a $322.00 price objective on shares of Travelers Companies in a research note on Tuesday, May 26th. Barclays cut Travelers Companies from an “equal weight” rating to an “underweight” rating and cut their target price for the company from $331.00 to $295.00 in a research note on Friday, June 12th. Brean Capital started coverage on Travelers Companies in a report on Thursday, March 12th. They issued a “neutral” rating on the stock. Piper Sandler raised their price target on Travelers Companies from $329.00 to $340.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 26th. Finally, Keefe, Bruyette & Woods raised their price target on Travelers Companies from $340.00 to $342.00 and gave the stock an “outperform” rating in a research note on Monday, April 20th. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Travelers Companies presently has an average rating of “Hold” and a consensus price target of $309.07.

Insider Buying and Selling

In other Travelers Companies news, EVP Michael Frederick Klein sold 10,000 shares of the firm’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $307.65, for a total transaction of $3,076,500.00. Following the transaction, the executive vice president directly owned 45,125 shares in the company, valued at $13,882,706.25. This trade represents a 18.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Diane Kurtzman sold 2,867 shares of Travelers Companies stock in a transaction on Monday, April 20th. The shares were sold at an average price of $303.45, for a total value of $869,991.15. Following the sale, the executive vice president directly owned 5,298 shares of the company’s stock, valued at approximately $1,607,678.10. This trade represents a 35.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 37,573 shares of company stock valued at $11,504,146 over the last 90 days. 1.39% of the stock is owned by insiders.

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.