Wealthfront Advisers Takes $13 Billion Position in The Travelers Companies

Wealthfront Advisers LLC has taken a significant position in The Travelers Companies, Inc. (NYSE:TRV) by acquiring 40,488 shares worth approximately $13,366,000 in the second quarter.

This is not an isolated instance of investment in TRV as other large investors have also been active in buying and selling the company's stock.

HHM Wealth Advisors LLC grew its holdings in Travelers Companies by 145.7% in the first quarter, while Whipplewood Advisors LLC acquired a new position in shares during the same period.

Osterweis Capital Management Inc. boosted its position in TRV by 1,820.0% in the second quarter, and Kemnay Advisory Services Inc. acquired a new stake in shares of TRV worth approximately $26,000 in the fourth quarter.

TRV's stock has surged 10% as earnings beat reveals underwriting discipline, with the company reporting $10.04 EPS for the quarter, beating analysts' consensus estimates of $5.41 by $4.63.