Travelers Execs Sell $4.65M Stock, Price Target Rises to $310; DNB Boosts Stake
The Travelers Companies saw EVP Maria Olivo sell 10,400 shares for $3.19 million and EVP David Donnay Rowland sell 4,731 shares for $1.46 million, cutting ownership by 8% and 11%. Morgan Stanley raised its price target by $15 to $310, and DNB Asset increased its stake 5.1% to 46,627 shares.
1. Insider Sales by Top Executives
On February 26, EVP Maria Olivo sold 10,400 shares for $3.19 million, reducing her holding by 8%, while EVP and Co-Chief Investment Officer David Donnay Rowland sold 4,731 shares for $1.46 million, cutting his stake by 11%.
2. Price Target Increase
Morgan Stanley raised its price target on The Travelers Companies by $15 from $295 to $310 while maintaining an Equal Weight rating, highlighting differentiated underwriting and durable margins as key drivers for outperformance despite industry headwinds.
3. DNB Asset Management Stake Purchase
DNB Asset increased its position in The Travelers Companies by purchasing 2,266 shares, boosting its total ownership to 46,627 shares and representing a 5.1% increase in its stake during the latest quarter.