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JNBA Financial Advisors sold shares of The Travelers, but others increased stakes amid strong earnings and a dividend boost.
JNBA Financial Advisors sold shares of The Travelers Companies, reducing their holdings by 1.6%, while other hedge funds like Secured Retirement Advisors LLC and Allworth Financial LP increased their stakes by 8.1% and 35.8%, respectively.
Executives have also sold shares recently.
The company reported strong earnings of $9.15 per share, beating estimates, and announced a quarterly dividend of $1.05, due on March 31.
Analysts have given mixed ratings, with some upgrading their outlook and raising price targets.
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JNBA Financial Advisors vendió acciones de The Travelers, pero otros aumentaron su participación en medio de fuertes ganancias y un aumento del dividendo.