Hsbc Holdings PLC Has $235.03 Million Stock Position in The Travelers Companies, Inc. $TRV

Key Points

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Hsbc Holdings PLC raised its stake in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 2.4% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 889,953 shares of the insurance provider's stock after buying an additional 20,441 shares during the quarter. Hsbc Holdings PLC owned approximately 0.39% of Travelers Companies worth $235,026,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Texas Capital Bank Wealth Management Services Inc bought a new stake in Travelers Companies in the first quarter valued at $544,000. Quantbot Technologies LP acquired a new position in shares of Travelers Companies during the first quarter valued at $174,000. Wellington Management Group LLP increased its holdings in shares of Travelers Companies by 8.7% during the first quarter. Wellington Management Group LLP now owns 19,480 shares of the insurance provider's stock valued at $5,152,000 after purchasing an additional 1,551 shares during the period. Muhlenkamp & Co. Inc. acquired a new position in shares of Travelers Companies during the first quarter valued at $1,758,000. Finally, Aptus Capital Advisors LLC increased its holdings in shares of Travelers Companies by 22.8% during the first quarter. Aptus Capital Advisors LLC now owns 5,919 shares of the insurance provider's stock valued at $1,565,000 after purchasing an additional 1,099 shares during the period. 82.45% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Jeffrey P. Klenk sold 15,180 shares of the company's stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $272.87, for a total value of $4,142,166.60. Following the completion of the transaction, the executive vice president owned 6,075 shares in the company, valued at $1,657,685.25. This represents a 71.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Alan D. Schnitzer sold 35,456 shares of the firm's stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $273.78, for a total transaction of $9,707,143.68. Following the sale, the chief executive officer owned 262,329 shares in the company, valued at approximately $71,820,433.62. The trade was a 11.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 175,374 shares of company stock worth $47,929,912 in the last three months. 1.46% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

TRV has been the topic of a number of research analyst reports. Citigroup initiated coverage on Travelers Companies in a report on Wednesday, August 13th. They set a "neutral" rating and a $291.00 price target on the stock. Morgan Stanley set a $269.00 target price on Travelers Companies and gave the stock an "equal weight" rating in a report on Monday, May 19th. Wall Street Zen lowered Travelers Companies from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Cantor Fitzgerald raised Travelers Companies to a "strong-buy" rating in a research note on Wednesday, August 13th. Finally, UBS Group increased their price target on shares of Travelers Companies from $275.00 to $284.00 and gave the stock a "neutral" rating in a research report on Monday, July 21st. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $284.56.

Travelers Companies Stock Up 0.5%

Shares of Travelers Companies stock traded up $1.4190 during trading on Friday, hitting $276.3390. 1,457,579 shares of the stock traded hands, compared to its average volume of 1,335,443. The company has a fifty day moving average price of $262.92 and a two-hundred day moving average price of $259.94. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.33 and a current ratio of 0.33. The Travelers Companies, Inc. has a twelve month low of $218.57 and a twelve month high of $279.04. The stock has a market cap of $62.21 billion, a P/E ratio of 12.22, a PEG ratio of 3.15 and a beta of 0.51.

Travelers Companies (NYSE:TRV - Get Free Report) last issued its quarterly earnings results on Thursday, July 17th. The insurance provider reported $6.51 EPS for the quarter, topping the consensus estimate of $3.52 by $2.99. The company had revenue of $11.54 billion for the quarter, compared to the consensus estimate of $11.02 billion. Travelers Companies had a return on equity of 18.68% and a net margin of 10.97%.The company's revenue for the quarter was up 7.4% on a year-over-year basis. During the same period in the previous year, the business posted $2.51 EPS. Equities research analysts predict that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Wednesday, September 10th will be issued a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Wednesday, September 10th. Travelers Companies's dividend payout ratio is 19.46%.

Travelers Companies Profile

The Travelers Companies, Inc, through its subsidiaries, provides a range of commercial and personal property, and casualty insurance products and services to businesses, government units, associations, and individuals in the United States and internationally. The company operates through three segments: Business Insurance, Bond & Specialty Insurance, and Personal Insurance.