AssuredPartners Bets Big on Travelers Companies with $744K Investment
AssuredPartners Investment Advisors LLC has acquired a new stake in The Travelers Companies, Inc. (NYSE:TRV), valued at approximately $744,000. This investment was made during the second quarter, as disclosed in its most recent Form 13F filing with the SEC.
The institutional investor purchased 3,375 shares of TRV's stock, beating earnings estimates and revealing underwriting discipline. Travelers Companies recently reported a quarterly revenue of $12.15 billion, compared to the consensus estimate of $11.26 billion.
82.45% of TRV's stock is currently owned by institutional investors and hedge funds. The company has also declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Thursday, September 10th will receive a dividend of $1.25 per share.