PensionDanmark Boosts Stake in The Travelers Companies
PensionDanmark Pensionsforsikringsaktieselskab increased its stake in The Travelers Companies, Inc. (NYSE: TRV) by 6.4% during the second quarter.
The fund now owns 55,882 shares of the insurance provider's stock, valued at $18,448,000 as of its most recent filing with the Securities and Exchange Commission.
This is not an isolated instance; other hedge funds and institutional investors have also been buying into The Travelers Companies. Willner & Heller LLC boosted its position in shares of TRV by 2.7% in the second quarter, while Spinnaker Trust increased its holdings in TRV by 1.7% during the first quarter.
The company has seen significant growth in recent quarters, with revenue increasing by .3% on a year-over-year basis to $12.15 billion in the most recent quarter.
Travelers Companies reported a net margin of 16.95% and a return on equity of 25.41%, exceeding analysts' estimates.