State Street Sells $5 Billion Worth of Travelers Companies Stock as Insiders Cash Out

The Travelers Companies, Inc.'s stock has seen a significant decrease in ownership by State Street Corp. According to a recent filing with the Securities and Exchange Commission (SEC), State Street Corp lowered its stake in The Travelers Companies, Inc. (NYSE:TRV) by 2.7% during the second quarter.

As of the end of the most recent quarter, State Street Corp owned approximately 15,706,016 shares of TRV's stock after selling 427,965 shares during the period. This represents about 7.53% of Travelers Companies' outstanding shares, which are valued at $5,184,870,000.

Insiders have also sold a significant amount of company stock in the last quarter. EVP Daniel Yin sold 7,153 shares on July 24th at an average price of $387.00, for a total transaction of $2,768,211.00. This represents a 9.41% decrease in their position.

Additionally, EVP Diane Kurtzman sold 4,164 shares on July 24th at an average price of $386.71, for a total transaction of $1,610,260.44. This trade represents a 44.01% decrease in their ownership of the stock.