Flavin Financial Services Enters Market for Travelers Companies Shares
Financial services firm Flavin Financial Services Inc. has entered The Travelers Companies, Inc.'s (NYSE:TRV) stock market with a significant purchase of shares in the second quarter.
The company purchased 4,138 shares valued at approximately $912,000 according to its most recent Form 13F filing with the Securities and Exchange Commission.
This is not an isolated incident as other institutional investors and hedge funds have also recently added or reduced their stakes in TRV. LifeSteps Financial Inc., Kilter Group LLC, HHM Wealth Advisors LLC, Kemnay Advisory Services Inc., and Whipplewood Advisors LLC all acquired new positions in the company during different quarters.
As of now, institutional investors and hedge funds own 82.45% of the stock. The firm's quarterly earnings report revealed $10.04 earnings per share (EPS) beating analysts' expectations by $4.63. Revenue for the quarter was $12.15 billion, up from last year's $11.26 billion.
Travelers Companies also announced a quarterly dividend to be paid on September 30th, with stockholders of record set to receive $1.25 per share.