QRG Capital Management's Big Bet on Travelers Companies Pays Off

QRC Capital Management Inc. recently disclosed its increased stake in The Travelers Companies, Inc. (NYSE:TRV) after buying an additional 25,395 shares during the second quarter.

The firm now owns 89,892 shares of the insurance provider's stock, valued at $29,675,000 as of its most recent SEC filing, which represents a 39.4% increase from its previous holdings.

This is not an isolated instance of institutional investors increasing their stakes in TRV; several other firms have also been buying into the company recently, including BlackRock Inc., Bank of America Corp DE, Norges Bank, GQG Partners LLC, and Legal & General Group Plc.

In fact, according to MarketBeat, institutional investors now own 82.45% of TRV's stock.