Travelers Companies Sees Significant Institutional Investment Following Earnings Beat
The Travelers Companies Inc (NYSE:TRV) has seen significant institutional investment. According to its most recent 13F filing, B. Metzler seel. Sohn & Co. AG acquired a new stake in shares of TRV during the second quarter.
The institutional investor purchased 54,662 shares valued at approximately $12,052,000. This is not an isolated incident, as other large investors have also increased their stakes in TRV recently.
Vanguard Group Inc raised its position in shares of Travelers Companies by 0.5% during the fourth quarter. BlackRock Inc bought a new position in Travelers Companies during the second quarter worth $6,915,909,000. State Street Corp boosted its holdings in Travelers Companies by 3.1% in the fourth quarter.
The company's stock price surged after its quarterly earnings data was released on July 17th, beating consensus estimates with $10.04 EPS and revenue of $12.15 billion for the quarter.