Assenagon Sells Large Stake in Travelers Companies

Asset management firm Assenagon Asset Management S.A. revealed in its recent Form 13F filing that it has reduced its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 85.3% during the second quarter.

The company had owned 24,922 shares of TRV's stock after selling 144,652 shares during the period. These shares were valued at $8,227,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

This is not an isolated instance, however, as other institutional investors and hedge funds have also made significant changes to their stakes in TRV.