TRV Sees Institutional Investor Interest Amid Earnings Beat
Kimelman & Baird LLC made a new $2.81 million investment in The Travelers Companies, Inc., buying 8,514 shares of the insurance provider's stock in the second quarter.
This is not the only significant institutional investor activity in TRV stock. HHM Wealth Advisors LLC increased its stake by 145.7% in the first quarter, and Osterweis Capital Management Inc. boosted its position by 1,820.0% during the same period.
The Travelers Companies' recent quarterly earnings report exceeded analysts' estimates, with a profit of $10.04 per share. The company's revenue for the quarter was up 0.3% from the same period last year.