HBK Sorce Advisory LLC Acquires New Stake in The Travelers Companies

HBK Sorce Advisory LLC acquired a new stake in The Travelers Companies, Inc. (NYSE:TRV) during the second quarter, purchasing 4,223 shares valued at approximately $1,615,000, according to its most recent Form 13F filing with the Securities and Exchange Commission.

Several other large investors also recently added new stakes in TRV, including Peachtree Investment Partners LLC, Briggs Wealth Management Inc., Barden Capital Management Inc., Flputnam Investment Management Co., and Global Retirement Partners LLC. Hedge funds and other institutional investors own 82.45% of the company's stock.

On a separate note, EVP David Donnay Rowland sold 5,000 shares of TRV on July 22nd at an average price of $371.69 for a total transaction of $1,858,450. CFO Daniel S. Frey also sold 14,037 shares of the business's stock in a transaction dated Tuesday, July 21st.

The company reported earnings per share (EPS) of $10.04 for the quarter, beating analysts' consensus estimates of $5.41 by $4.63. Revenue was $12.15 billion for the quarter compared to the same period last year. The firm's revenue for the quarter was up 0.3% compared to the same quarter in the prior year.

The Travelers Companies, Inc. has a one-year high of $398.70 and a market capitalization of $77.27 billion. The company is known for combining underwriting, claims management, and risk control services to help clients prevent losses and recover when incidents occur.