NEOS Investment Management LLC Grows Position in The Travelers Companies, Inc. $TRV

NEOS Investment Management LLC boosted its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 47.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,332 shares of the insurance provider’s stock after purchasing an additional 8,099 shares during the period. NEOS Investment Management LLC’s holdings in Travelers Companies were worth $7,073,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Avalon Trust Co raised its holdings in Travelers Companies by 23.4% in the second quarter. Avalon Trust Co now owns 7,541 shares of the insurance provider’s stock valued at $2,018,000 after acquiring an additional 1,429 shares in the last quarter. Varma Mutual Pension Insurance Co grew its holdings in Travelers Companies by 21.7% during the 3rd quarter. Varma Mutual Pension Insurance Co now owns 48,247 shares of the insurance provider’s stock worth $13,472,000 after acquiring an additional 8,600 shares in the last quarter. Liberty One Investment Management LLC increased its position in shares of Travelers Companies by 32.3% in the 3rd quarter. Liberty One Investment Management LLC now owns 26,228 shares of the insurance provider’s stock worth $7,323,000 after purchasing an additional 6,408 shares during the last quarter. National Pension Service raised its stake in shares of Travelers Companies by 1.8% in the 3rd quarter. National Pension Service now owns 746,883 shares of the insurance provider’s stock valued at $208,545,000 after purchasing an additional 13,120 shares in the last quarter. Finally, CWM LLC lifted its position in shares of Travelers Companies by 11.3% during the third quarter. CWM LLC now owns 135,143 shares of the insurance provider’s stock worth $37,735,000 after purchasing an additional 13,758 shares during the last quarter. Institutional investors and hedge funds own 82.45% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Maria Olivo sold 10,400 shares of the company’s stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $300.75, for a total value of $3,127,800.00. Following the completion of the sale, the executive vice president owned 117,596 shares of the company’s stock, valued at $35,366,997. This represents a 8.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Michael Frederick Klein sold 10,000 shares of the stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $301.18, for a total transaction of $3,011,800.00. Following the completion of the transaction, the executive vice president owned 33,638 shares of the company’s stock, valued at $10,131,092.84. This represents a 22.92% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 101,765 shares of company stock valued at $29,877,543 in the last quarter. 1.46% of the stock is owned by insiders.

Travelers Companies Stock Down 0.3%

Travelers Companies stock opened at $298.34 on Thursday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.33 and a current ratio of 0.33. The Travelers Companies, Inc. has a one year low of $230.43 and a one year high of $304.40. The company has a 50-day simple moving average of $287.01 and a 200-day simple moving average of $279.95. The firm has a market capitalization of $64.51 billion, a P/E ratio of 10.84, a P/E/G ratio of 2.79 and a beta of 0.51.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Wednesday, January 21st. The insurance provider reported $11.13 earnings per share for the quarter, beating the consensus estimate of $8.34 by $2.79. Travelers Companies had a net margin of 12.88% and a return on equity of 20.70%. The firm had revenue of $12.43 billion for the quarter, compared to the consensus estimate of $11.13 billion. During the same period last year, the firm posted $9.15 EPS. Travelers Companies’s quarterly revenue was up 3.5% compared to the same quarter last year. As a group, equities analysts expect that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies declared that its board has approved a share buyback plan on Wednesday, January 21st that authorizes the company to buyback $5.00 billion in outstanding shares. This buyback authorization authorizes the insurance provider to buy up to 8.3% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Travelers Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 10th will be issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Tuesday, March 10th. Travelers Companies’s dividend payout ratio is 15.98%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Citigroup restated a “neutral” rating on shares of Travelers Companies in a research note on Tuesday, January 27th. Roth Mkm upped their price target on Travelers Companies from $300.00 to $320.00 and gave the company a “buy” rating in a research report on Friday, January 23rd. Jefferies Financial Group upgraded Travelers Companies to a “hold” rating in a research note on Tuesday, January 6th. Wells Fargo & Company lowered their target price on shares of Travelers Companies from $307.00 to $285.00 and set an “equal weight” rating for the company in a research note on Thursday, January 22nd. Finally, Argus raised shares of Travelers Companies to a “strong-buy” rating in a report on Monday, January 26th. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Travelers Companies has an average rating of “Hold” and an average target price of $303.00.

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.