NEOS Investment Management LLC Boosts Stake in Travelers Companies Amid Earnings Beat

NEOS Investment Management LLC has increased its stake in The Travelers Companies, Inc. (NYSE:TRV) by 11.3% during the second quarter. This is according to the company's latest Form 13F filing with the Securities and Exchange Commission (SEC). As a result of buying an additional 3,535 shares, NEOS Investment Management LLC now owns 34,718 shares of TRV stock, valued at $11,461,000.

The insurance provider reported quarterly earnings that beat expectations, revealing underwriting discipline. The company's revenue was up 0.3% compared to the same period last year, with a net margin of 16.95%. Travelers Companies has a market capitalization of $76.96 billion and a beta of 0.44.

Travelers Companies also recently announced a quarterly dividend of $1.25 per share, representing a 13.39% payout ratio. Insiders have sold a total of 58,667 shares of company stock valued at $21,830,989 over the last quarter. Corporate insiders own 1.39% of the company's stock.