Travelers Companies Sees Institutional Investor Buying Spree
Allworth Financial LP has purchased a new position in The Travelers Companies, Inc. (NYSE:TRV), acquiring 23,688 shares valued at approximately $5,223,000 according to the company's most recent 13F filing with the Securities and Exchange Commission.
The institutional investor's purchase is just one of several recent changes made by other investors in the stock. Arbejdsmarkedets Tillaegspension purchased a new position in Travelers Companies in the 4th quarter valued at $24,167,000. Rit Capital Partners PLC also bought a new stake in the insurance provider during the fourth quarter.
The company reported quarterly earnings of $10.04 per share, topping analysts' consensus estimates by $4.63. The business had revenue of $12.15 billion for the quarter, compared to analyst estimates of $11.26 billion.