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

Hsbc Holdings PLC bought a new position in shares of The Travelers Companies, Inc. (NYSE:TRV) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 807,548 shares of the insurance provider’s stock, valued at approximately $267,132,000. Hsbc Holdings PLC owned 0.39% of Travelers Companies as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. LifeSteps Financial Inc. bought a new position in Travelers Companies in the 2nd quarter worth approximately $26,000. Kilter Group LLC acquired a new position in Travelers Companies during the 2nd quarter valued at $26,000. HHM Wealth Advisors LLC boosted its holdings in Travelers Companies by 145.7% in the 1st 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 period. Kemnay Advisory Services Inc. acquired a new stake in Travelers Companies in the 4th quarter worth $26,000. Finally, Whipplewood Advisors LLC bought a new position in shares of Travelers Companies during the 1st quarter worth about $26,000. 82.45% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Travelers Companies

In related news, EVP Diane Kurtzman sold 4,164 shares of Travelers Companies stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $386.71, for a total value of $1,610,260.44. Following the completion of the sale, the executive vice president directly owned 5,298 shares in the company, valued at $2,048,789.58. This trade represents a 44.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Daniel S. Frey sold 14,037 shares of the business’s stock in a transaction dated Tuesday, July 21st. The stock was sold at an average price of $368.24, for a total value of $5,168,984.88. Following the sale, the chief financial officer directly owned 27,535 shares of the company’s stock, valued at $10,139,488.40. This represents a 33.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 52,667 shares of company stock valued at $19,611,829 over the last three months. Insiders own 1.39% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Evercore set a $329.00 target price on Travelers Companies and gave the company an “in-line” rating in a research note on Friday, July 10th. Mizuho lifted their target price on shares of Travelers Companies from $324.00 to $343.00 and gave the company a “neutral” rating in a research report on Friday, July 24th. Cantor Fitzgerald raised their price target on shares of Travelers Companies from $335.00 to $360.00 and gave the stock an “overweight” rating in a research note on Thursday, July 9th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $356.00 price objective (up from $342.00) on shares of Travelers Companies in a report on Wednesday, July 8th. Finally, Roth Capital increased their target price on Travelers Companies from $345.00 to $425.00 and gave the stock a “buy” rating in a report on Tuesday, July 21st. Four equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, thirteen have issued a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $354.26.

Travelers Companies Stock Down 0.3%

NYSE TRV opened at $369.40 on Wednesday. The firm has a market cap of $77.05 billion, a PE ratio of 9.89, a price-to-earnings-growth ratio of 3.52 and a beta of 0.45. The Travelers Companies, Inc. has a one year low of $252.26 and a one year high of $398.70. The stock’s 50 day simple moving average is $354.79 and its 200 day simple moving average is $319.45. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.33 and a quick ratio of 0.33.

Travelers Companies (NYSE:TRV) last announced its earnings results on Friday, July 17th. The insurance provider reported $10.04 EPS for the quarter, topping the consensus estimate of $5.41 by $4.63. Travelers Companies had a return on equity of 25.41% and a net margin of 16.95%.The company had revenue of $12.15 billion for the quarter, compared to analysts’ expectations of $11.26 billion. During the same quarter in the prior year, the business earned $6.51 earnings per share. The business’s revenue for the quarter was up .3% on a year-over-year basis. As a group, sell-side analysts forecast that The Travelers Companies, Inc. will post 33.82 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

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

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.