Travelers Companies Sees Stock Surge After Beating Earnings Expectations

Foster & Motley Inc., an institutional investor, bought a new stake in The Travelers Companies, Inc. (NYSE:TRV) worth $6.20 million during the second quarter.

The company's stock price surged 10% after it beat analysts' consensus estimates with earnings of $10.04 per share for the quarter, up from $5.41 expected.

UBS Group AG increased its position in Travelers Companies by 5.3% during the fourth quarter and Swiss Life Asset Management Ltd lifted its stake by 41.5% during the same period.

The company has a market cap of $76.74 billion, a P/E ratio of 9.85, and a beta of 0.45. Its 50-day simple moving average is $348.71 and its 200-day simple moving average is $316.68.