Vanguard Group Inc. reduced its stake in The Travelers Companies by 0.2% in Q3, selling 47,383 shares but still retaining a significant stake valued at approximately $6.14 billion. Despite the slight reduction by Vanguard, Travelers reported strong quarterly earnings, beating expectations, and announced a $5 billion share buyback program and a $1.10 quarterly dividend. While some analysts have upgraded the stock, the overall consensus remains a “Hold” with a target price of $303.00.
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Vanguard Group Inc. Cuts Position in The Travelers Companies, Inc. $TRV
Vanguard Group Inc. reduced its stake in The Travelers Companies by 0.2% in Q3, selling 47,383 shares but still retaining a significant stake valued at approximately $6.14 billion. Despite the slight reduction by Vanguard, Travelers reported strong quarterly earnings, beating expectations, and announced a $5 billion share buyback program and a $1.10 quarterly dividend. While some analysts have upgraded the stock, the overall consensus remains a “Hold” with a target price of $303.00.