Travelers Companies Sees Major Investor Shifts Amid Strong Earnings
Hennessy Advisors Inc., a financial services company, revealed that it decreased its position in The Travelers Companies, Inc. (NYSE:TRV) by 74.3% in the second quarter.
The firm owned 9,500 shares of TRV's stock after selling 27,400 shares during the period, with a total value of $3,136,000 at the end of the most recent reporting period.
According to the SEC filing, Hennessy Advisors Inc. is not alone in its position adjustments; several other large investors also recently added to or reduced their stakes in TRV.