Stocks
SteelPeak Wealth Doubles Down on The Travelers Companies
SteelPeak Wealth LLC increased its stake in The Travelers Companies, Inc. (NYSE:TRV) by 916.6% during the second quarter, according to a recent Form 13F filing with the Securities & Exchange Commission.
The institutional investor purchased an additional 38,974 shares of the insurance provider's stock, bringing its total holdings in Travelers Companies to 43,226 shares worth $14,270,000 at the end of the quarter.
Travelers Companies' stock surged 10% after the company beat earnings expectations, revealing underwriting discipline. Analysts forecast that the company will post $33.82 EPS for the current year.