Callan Family Office Buys $13.8M Stake in The Travelers Companies

A major investment firm has placed its bet on The Travelers Companies, Inc. (NYSE:TRV). Callan Family Office LLC bought a new stake in shares of TRV worth $13.83 million in the second quarter.

The company acquired 62,708 shares of TRV's stock at approximately $219,600 per share. This investment represents one of several significant transactions involving TRV in recent periods.

TRV reported better-than-expected earnings for its latest quarter, beating analyst estimates by a wide margin. The firm's net income for the period was $10.04 per share, significantly higher than the expected $5.41.