NEOS Investment Management LLC Buys 2,483 Shares of The Travelers Companies, Inc. (NYSE:TRV)

NEOS Investment Management LLC increased its stake in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 28.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,163 shares of the insurance provider's stock after purchasing an additional 2,483 shares during the period. NEOS Investment Management LLC's holdings in Travelers Companies were worth $2,689,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in TRV. Townsquare Capital LLC grew its position in shares of Travelers Companies by 52.5% during the 3rd quarter. Townsquare Capital LLC now owns 9,676 shares of the insurance provider's stock worth $2,265,000 after buying an additional 3,332 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Travelers Companies by 5.7% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 111,187 shares of the insurance provider's stock worth $26,031,000 after acquiring an additional 5,948 shares during the last quarter. Fiduciary Trust Co grew its holdings in Travelers Companies by 18.2% during the third quarter. Fiduciary Trust Co now owns 4,331 shares of the insurance provider's stock valued at $1,014,000 after purchasing an additional 666 shares during the period. Public Sector Pension Investment Board increased its stake in Travelers Companies by 2.1% in the third quarter. Public Sector Pension Investment Board now owns 39,630 shares of the insurance provider's stock valued at $9,278,000 after purchasing an additional 800 shares in the last quarter. Finally, Vinva Investment Management Ltd raised its holdings in Travelers Companies by 6.9% in the third quarter. Vinva Investment Management Ltd now owns 12,687 shares of the insurance provider's stock worth $2,996,000 after purchasing an additional 815 shares during the period. Institutional investors own 82.45% of the company's stock.

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Travelers Companies Stock Down 0.1 %

TRV traded down $0.16 during trading on Tuesday, reaching $264.31. 468,233 shares of the stock were exchanged, compared to its average volume of 1,274,495. The stock has a market cap of $59.93 billion, a P/E ratio of 12.31, a price-to-earnings-growth ratio of 4.65 and a beta of 0.60. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.33 and a current ratio of 0.33. The stock's 50 day moving average price is $251.05 and its two-hundred day moving average price is $248.29. The Travelers Companies, Inc. has a twelve month low of $200.21 and a twelve month high of $269.56.

Travelers Companies (NYSE:TRV - Get Free Report) last issued its earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $6.50 by $2.65. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The company had revenue of $12.01 billion for the quarter, compared to analysts' expectations of $10.80 billion. During the same period in the prior year, the firm earned $7.01 EPS. Travelers Companies's quarterly revenue was up 9.9% compared to the same quarter last year. Equities analysts expect that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 10th were paid a dividend of $1.05 per share. The ex-dividend date was Monday, March 10th. This represents a $4.20 annualized dividend and a dividend yield of 1.59%. Travelers Companies's dividend payout ratio is currently 19.56%.

Wall Street Analyst Weigh In

TRV has been the subject of a number of recent analyst reports. Barclays upped their price objective on shares of Travelers Companies from $278.00 to $287.00 and gave the company an "overweight" rating in a research report on Friday, January 24th. StockNews.com downgraded Travelers Companies from a "buy" rating to a "hold" rating in a report on Thursday, January 23rd. Royal Bank of Canada reiterated a "sector perform" rating and set a $268.00 price objective (down previously from $273.00) on shares of Travelers Companies in a report on Thursday, January 23rd. Hsbc Global Res cut Travelers Companies from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 24th. Finally, HSBC lowered shares of Travelers Companies from a "buy" rating to a "hold" rating and set a $270.00 price target on the stock. in a research note on Monday, March 24th. Four investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $260.00.

Travelers Companies Company 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.