Hsbc Holdings PLC Sells 123,178 Shares of The Travelers Companies, Inc. $TRV

Hsbc Holdings PLC decreased its stake in shares of The Travelers Companies, Inc. (NYSE:TRVFree Report) by 14.2% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 742,000 shares of the insurance provider’s stock after selling 123,178 shares during the quarter. Hsbc Holdings PLC’s holdings in Travelers Companies were worth $216,342,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. Whipplewood Advisors LLC acquired a new stake in shares of Travelers Companies during the 1st quarter worth approximately $26,000. Summit Securities Group LLC bought a new stake in Travelers Companies in the first quarter valued at about $340,000. Ibex Wealth Advisors acquired a new position in Travelers Companies in the first quarter worth about $855,000. Kestra Advisory Services LLC lifted its stake in Travelers Companies by 14.6% during the first quarter. Kestra Advisory Services LLC now owns 58,429 shares of the insurance provider’s stock worth $17,043,000 after purchasing an additional 7,441 shares during the period. Finally, Resona Asset Management Co. Ltd. boosted its holdings in Travelers Companies by 1.0% during the first quarter. Resona Asset Management Co. Ltd. now owns 87,180 shares of the insurance provider’s stock valued at $25,431,000 after purchasing an additional 834 shares in the last quarter. Institutional investors and hedge funds own 82.45% of the company’s stock.

Travelers Companies Stock Up 9.4%

NYSE TRV opened at $369.50 on Friday. The firm has a market cap of $78.57 billion, a PE ratio of 9.90, a price-to-earnings-growth ratio of 3.28 and a beta of 0.46. The Travelers Companies, Inc. has a one year low of $252.26 and a one year high of $370.43. The stock’s 50 day simple moving average is $314.35 and its 200 day simple moving average is $301.51. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.35 and a quick ratio of 0.35.

Travelers Companies (NYSE:TRVGet Free Report) last issued its quarterly earnings data on Friday, July 17th. The insurance provider reported $10.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.41 by $4.63. The firm had revenue of $12.15 billion during the quarter, compared to the consensus estimate of $11.26 billion. Travelers Companies had a return on equity of 24.06% and a net margin of 15.54%.The business’s revenue for the quarter was up .3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $6.51 EPS. As a group, sell-side analysts forecast that The Travelers Companies, Inc. will post 28.39 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

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

Analysts Set New Price Targets

TRV has been the subject of a number of recent research reports. Truist Financial started coverage on Travelers Companies in a report on Friday, July 10th. They issued a “buy” rating and a $395.00 target price for the company. Wells Fargo & Company increased 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. HSBC lifted their price objective on Travelers Companies from $321.00 to $351.00 and gave the company a “hold” rating in a report on Monday, July 6th. TD Cowen downgraded shares of Travelers Companies from a “hold” rating to a “sell” rating and set a $297.00 target price on the stock. in a research note on Monday, July 13th. Finally, BMO Capital Markets upped their target price on shares of Travelers Companies from $297.00 to $314.00 and gave the stock an “outperform” rating in a report on Monday, April 20th. Three research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, twelve have issued a Hold rating and five have given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $329.11.

View Our Latest Analysis on Travelers Companies

Key Stories Impacting Travelers Companies

Here are the key news stories impacting Travelers Companies this week:

Insiders Place Their Bets

In related news, Vice Chairman William H. Heyman sold 1,557 shares of the company’s stock in a transaction dated Tuesday, April 28th. The shares were 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 in the company, valued at $80,639,037.60. This represents a 0.60% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Jeffrey P. Klenk sold 6,414 shares of the stock in a transaction dated Monday, April 20th. The stock was sold at an average price of $305.06, for a total transaction of $1,956,654.84. Following the sale, the executive vice president directly owned 6,075 shares in the company, valued at approximately $1,853,239.50. This represents a 51.36% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 37,573 shares of company stock valued at $11,504,146 over the last three months. Company insiders own 1.39% of the company’s stock.

About Travelers Companies

(Free Report)

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.

Recommended Stories

Want to see what other hedge funds are holding TRV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Travelers Companies, Inc. (NYSE:TRVFree Report).

Institutional Ownership by Quarter for Travelers Companies (NYSE:TRV)

Receive News & Ratings for Travelers Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Travelers Companies and related companies with MarketBeat.com's FREE daily email newsletter.