Northwestern Mutual Invests Big in Travelers Companies

Northwestern Mutual Wealth Management Co., a major financial services company, has made a significant investment in The Travelers Companies, Inc. (NYSE:TRV).

According to its most recent Form 13F filing with the SEC, Northwestern Mutual bought 34,345 shares of TRV's stock during the second quarter, valued at approximately $11,338,000.

This is not an isolated incident; other hedge funds have also been actively modifying their holdings in TRV. Berman McAleer LLC grew its stake by 3.5% during the same period, while Willner & Heller LLC lifted its position by 2.7%. Spinnaker Trust and Avalon Trust Co. also increased their shares.

Travelers Companies reported $10.04 earnings per share for the quarter, beating analysts' estimates of $5.41. The company's revenue reached $12.15 billion, a 0.3% increase from the same period last year. Analysts expect TRV to post 33.82 earnings per share for the current year.