Ieq Capital Takes New Position in The Travelers Companies
Ieq Capital LLC has taken a new position in The Travelers Companies, Inc. ($TRV) during the second quarter of this year. According to the company's most recent disclosure with the Securities and Exchange Commission (SEC), Ieq Capital bought 19,228 shares of TRV's stock, valued at approximately $4,240,000.
This is not an isolated instance of institutional investors buying into TRV. BlackRock Inc., for example, purchased a new stake in the company during the same quarter worth $6,915,909,000. Norges Bank also bought 723,339,000 shares of TRV's stock during the fourth quarter.
The Travelers Companies reported earnings per share (EPS) of $10.04 for the latest quarter, beating analysts' expectations by $4.63. The company had a net margin of 16.95% and a return on equity of 25.41%. TRV's revenue reached $12.15 billion during the quarter, a slight increase from the previous year.