Japanese Investor Meiji Yasuda Makes $6.28 Million Bet on Travelers Companies
Meiji Yasuda Asset Management Co Ltd., a Japanese institutional investor, made a significant investment in The Travelers Companies, Inc. (NYSE:TRV) during the second quarter. According to a recent disclosure with the Securities and Exchange Commission, Meiji Yasuda purchased 28,466 shares of TRV's stock, valued at approximately $6,276,000.
This new stake brings the total value of institutional investors' holdings in TRV to $75.89 billion. Other notable investors who have increased their stakes in TRV include Arbejdsmarkedets Tillaegspension, Rit Capital Partners PLC, and UBS Group AG.
TRV's recent quarterly earnings report showed a beating of expectations, with the company reporting $10.04 EPS for the quarter. The stock has been on an upward trend, with shares opening at $363.83 on Monday.