Travelers Companies Sees Institutional Investment Surge Amid Earnings Beat
Davis Asset Management L.P. recently acquired a new position in The Travelers Companies, Inc. (NYSE:TRV) during the second quarter, according to its latest disclosure with the Securities & Exchange Commission.
The institutional investor purchased approximately 3,653 shares of the insurance provider's stock valued at $1,206,000.
This is not an isolated instance as several other hedge funds and institutional investors have also recently added or reduced their stakes in the company. HHM Wealth Advisors LLC increased its holdings in shares of Travelers Companies by 145.7% during the first quarter and now owns 86 shares valued at $25,000.
In related news, EVP David Donnay Rowland sold 5,000 shares of the business's stock on July 22nd for a total transaction of $1,858,450. Following the sale, he directly owned 10,479 shares in the company valued at approximately $3,894,939.51.