TRV Sees Heavy Institutional Buying from Nykredit A S

Nykredit A S has acquired a significant stake in The Travelers Companies, Inc. ($TRV), purchasing 970,794 shares of the insurance provider's stock for approximately $320,479,000.

This purchase represents about 1.0% of Nykredit A S's portfolio and makes TRV its 15th biggest position.

The Travelers Companies' latest earnings beat analyst estimates by a wide margin, with the company reporting $10.04 EPS for the quarter, exceeding expectations of $5.41.