NEOS Investment Management LLC Boosts Holdings in The Travelers Companies, Inc. $TRV

NEOS Investment Management LLC grew its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 11.3% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 34,718 shares of the insurance provider’s stock after buying an additional 3,535 shares during the quarter. NEOS Investment Management LLC’s holdings in Travelers Companies were worth $11,461,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in shares of Travelers Companies in the second quarter worth about $6,915,909,000. State Street Corp increased its holdings in Travelers Companies by 3.1% during the 4th quarter. State Street Corp now owns 16,000,457 shares of the insurance provider’s stock worth $4,641,093,000 after purchasing an additional 486,861 shares during the last quarter. Morgan Stanley raised its position in shares of Travelers Companies by 2.3% in the 4th quarter. Morgan Stanley now owns 3,793,750 shares of the insurance provider’s stock valued at $1,100,416,000 after purchasing an additional 85,298 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Travelers Companies by 3.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,484,676 shares of the insurance provider’s stock valued at $1,016,433,000 after buying an additional 123,564 shares during the last quarter. Finally, Bank of America Corp DE acquired a new stake in Travelers Companies in the second quarter valued at $932,142,000. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Barclays boosted their target price on shares of Travelers Companies from $295.00 to $318.00 and gave the stock an “underweight” rating in a research report on Tuesday, July 21st. Bank of America upped their price objective on Travelers Companies from $283.00 to $307.00 and gave the company an “underperform” rating in a research note on Monday, July 20th. Wells Fargo & Company boosted their price target on Travelers Companies from $295.00 to $334.00 and gave the company an “equal weight” rating in a report on Thursday, July 9th. The Goldman Sachs Group lowered Travelers Companies from a “neutral” rating to a “sell” rating and set a $350.00 price target on the stock. in a research report on Monday, July 20th. Finally, Weiss Ratings raised shares of Travelers Companies from a “buy (a-)” rating to a “buy (a)” rating in a report on Thursday, August 20th. Four analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, thirteen have issued a Hold rating and five have given a Sell rating to the company’s stock. According to MarketBeat.com, Travelers Companies has a consensus rating of “Hold” and a consensus target price of $354.26.

Travelers Companies Stock Down 1.4%

Shares of Travelers Companies stock opened at $369.01 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.33 and a quick ratio of 0.33. The Travelers Companies, Inc. has a 1-year low of $252.26 and a 1-year high of $398.70. The business’s fifty day moving average price is $363.46 and its two-hundred day moving average price is $323.28. The company has a market capitalization of $76.96 billion, a P/E ratio of 9.88, a PEG ratio of 2.48 and a beta of 0.44.

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

Travelers Companies Dividend Announcement

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

Insider Activity at Travelers Companies

In other news, EVP Michael Klein sold 6,000 shares of the business’s stock in a transaction on Tuesday, July 21st. The stock was sold at an average price of $366.09, for a total value of $2,196,540.00. Following the sale, the executive vice president owned 45,125 shares of the company’s stock, valued at approximately $16,519,811.25. The trade was a 11.74% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Mojgan Lefebvre sold 16,313 shares of the company’s stock in a transaction on Tuesday, July 21st. The shares were sold at an average price of $368.38, for a total value of $6,009,382.94. Following the completion of the sale, the executive vice president owned 9,213 shares of the company’s stock, valued at approximately $3,393,884.94. This trade represents a 63.91% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 58,667 shares of company stock worth $21,830,989 in the last quarter. Company insiders own 1.39% of the company’s stock.

Travelers Companies Company Profile

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.