Janus Henderson Group PLC Trims Stake in Travelers Companies Amid Earnings Beat

Janus Henderson Group PLC trimmed its stake in The Travelers Companies, Inc. (NYSE:TRV) by 2.3% during the first quarter, according to a recent filing with the Securities & Exchange Commission. The institutional investor sold 4,610 shares of TRV stock, reducing its holdings to 195,195 shares worth $56,934,000.

The company's underwriting discipline and cost-cutting measures appear to be paying off, as Travelers Companies reported a 10% surge in stock price following the release of its quarterly earnings. Earnings per share came in at $10.04, beating analysts' estimates by $4.63.

A number of institutional investors have recently adjusted their holdings in TRV. Norges Bank acquired a new position in shares of The Travelers Companies during the fourth quarter valued at approximately $723,339,000. State Street Corp increased its stake in TRV by 3.1% during the same period.

The company's dividend payout ratio (DPR) is currently 13.39%, and it recently declared a quarterly dividend of $1.25 per share. Shareholders of record on September 10th will receive this payment on September 30th.