Hsbc Holdings PLC Has $267.13 Million Position in The Travelers Companies, Inc. $TRV

Key Points

• HSBC increased its Travelers position by 8.8% in the second quarter, holding 807,548 shares valued at approximately $267.1 million. Institutional investors collectively own 82.45% of the insurer.
• Travelers reported a strong quarter, with EPS of $10.04 versus the $5.41 consensus and revenue of $12.15 billion, above estimates. The company also declared a $1.25 quarterly dividend, equivalent to a 1.4% yield.
• Analyst sentiment remains mixed, with a consensus rating of “Hold” and an average price target of $354.26, below the stock’s recent opening price of $369.01. Insiders sold 58,667 shares worth approximately $21.8 million during the quarter.

Hsbc Holdings PLC increased its position in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 8.8% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 807,548 shares of the insurance provider's stock after purchasing an additional 65,548 shares during the quarter. Hsbc Holdings PLC owned approximately 0.39% of Travelers Companies worth $267,132,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. BlackRock Inc. bought a new position in shares of Travelers Companies in the second quarter valued at about $6,915,909,000. Bank of America Corp DE bought a new stake in shares of Travelers Companies during the second quarter worth approximately $932,142,000. Norges Bank bought a new stake in shares of Travelers Companies during the 4th quarter valued at $723,339,000. GQG Partners LLC bought a new stake in Travelers Companies in the second quarter valued at about $789,024,000. Finally, Legal & General Group Plc acquired a new stake in shares of Travelers Companies in the 2nd quarter valued at approximately $558,164,000. Institutional investors own 82.45% of the company's stock.

Insider Buying and Selling

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 sale, the executive vice president owned 68,834 shares in the company, valued at approximately $26,638,758. The trade was a 9.41% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP David Rowland sold 5,000 shares of the company's stock in a transaction that occurred on Wednesday, July 22nd. The stock was sold at an average price of $371.69, for a total value of $1,858,450.00. Following the transaction, the executive vice president directly owned 10,479 shares of the company's stock, valued at approximately $3,894,939.51. This trade represents a 32.30% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 58,667 shares of company stock valued at $21,830,989. Corporate insiders own 1.39% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on TRV shares. Morgan Stanley lifted their price target on shares of Travelers Companies from $290.00 to $330.00 and gave the stock an "underweight" rating in a research report on Tuesday, July 21st. Mizuho upped their price objective 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 objective on Travelers Companies from $335.00 to $360.00 and gave the stock an "overweight" rating in a research note on Thursday, July 9th. Roth Capital lifted 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. Finally, Wells Fargo & Company boosted their target price on Travelers Companies from $295.00 to $334.00 and gave the company an "equal weight" rating in a research note on Thursday, July 9th. 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 assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $354.26.

Travelers Companies Stock Down 0.1%

Travelers Companies stock opened at $369.01 on Monday. The company has a 50 day moving average of $363.46 and a 200-day moving average of $323.48. 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 Travelers Companies, Inc. has a twelve month low of $252.26 and a twelve month high of $398.70. The stock has a market capitalization of $76.96 billion, a PE ratio of 9.88, a price-to-earnings-growth ratio of 2.48 and a beta of 0.44.

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

Travelers Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders 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 is Thursday, September 10th. Travelers Companies's payout ratio is 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.

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