Travelers Companies Sees New Stake from Academy Capital Management

Academy Capital Management recently disclosed its latest Form 13F filing with the SEC. According to this document, the firm purchased a new stake in The Travelers Companies, Inc.'s shares during the second quarter.

The total value of these shares is approximately $3,175,000. This purchase accounts for about 0.4% of Academy Capital Management's holdings and makes TRV its 20th largest position.

Travelers Companies beat earnings expectations by reporting $10.04 EPS in the latest quarter. Analysts have set an average target price of $354.26, with a 'hold' rating from four analysts out of eight who have issued forecasts on the stock.