Travelers Companies: Smith Partners Wealth Management LLC Takes New Stake

Smith Partners Wealth Management LLC, an institutional investor, has taken a new stake in The Travelers Companies, Inc. (NYSE:TRV). According to its most recent 13F filing with the SEC, the firm bought 2,950 shares of TRV's stock during the second quarter, valued at approximately $650,000.

This purchase makes up about 0.5% of Smith Partners Wealth Management LLC's holdings and ranks as their 22nd largest holding. The Travelers Companies is a leading provider of property and casualty insurance products and services, underwriting commercial and personal insurance lines to protect against property loss, liability, and other operational risks.

The company's quarterly earnings report on July 17th beat analysts' expectations, with EPS at $10.04 compared to the estimated $5.41. Revenue for the quarter was also up 0.3% from last year. Analysts have set a consensus rating of 'hold' and an average target price of $354.26 per share.