Paralel Advisors LLC Invests $72 Million in The Travelers Companies
Paralel Advisors LLC has invested $72.63 million in The Travelers Companies, Inc.
The institutional investor bought a new stake in TRV during the second quarter, purchasing approximately 220,000 shares of the insurance provider's stock.
This investment accounts for about 2.8% of Paralel Advisors LLC's portfolio, making it the company's ninth-largest position.
Travelers Companies' stock surged 10% as its earnings beat revealed underwriting discipline.