$2.06 Million Position Taken in The Travelers Companies by Advisors Capital Management LLC

Advisors Capital Management LLC has taken a $2.06 million position in The Travelers Companies, Inc., according to its latest 13F filing with the SEC. The institutional investor purchased approximately 9,342 shares of TRV stock during the second quarter.

This is not the only notable stake increase for Travelers Companies recently. HHM Wealth Advisors LLC raised its holdings in TRV by 145.7% in the first quarter and Osterweis Capital Management Inc. lifted its stake in the company by 1,820.0% during the second quarter.

Travelers Companies reported $10.04 earnings per share for the quarter, exceeding analysts' expectations of $5.41 by $4.63. The insurance provider's quarterly revenue was up 0.3% compared to the same period last year.