What Do Hedge Funds Think of Travelers Companies Inc (TRV)?

Because Travelers Companies Inc (NYSE:TRV) has faced declining sentiment from the entirety of the hedge funds we track, it’s safe to say that there were a few hedgies who sold off their full holdings last quarter. It’s worth mentioning that Jim Simons’ Renaissance Technologies dropped the largest position of the 700 funds followed by Insider Monkey, valued at close to $66.5 million in stock. Greg Poole’s fund, Echo Street Capital Management, also said goodbye to its stock, about $23 million worth. These transactions are intriguing to say the least, as total hedge fund interest dropped by 11 funds last quarter.

Let’s now take a look at hedge fund activity in other stocks similar to Travelers Companies Inc (NYSE:TRV). These stocks are Brookfield Asset Management Inc. (USA) (NYSE:BAM), Sony Corporation (ADR) (NYSE:SNE), Anadarko Petroleum Corporation (NYSE:APC), and China Unicom (Hong Kong) Limited (ADR) (NYSE:CHU). All of these stocks’ market caps match TRV’s market cap.

As you can see these stocks had an average of 30.75 hedge funds with bullish positions and the average amount invested in these stocks was $1,272 million. That figure was $743 million in TRV’s case. Anadarko Petroleum Corporation (NYSE:APC) is the most popular stock in this table. On the other hand China Unicom (Hong Kong) Limited (ADR) (NYSE:CHU) is the least popular one with only 9 bullish hedge fund positions. Travelers Companies Inc (NYSE:TRV) is not the most popular stock in this group but hedge fund interest is still above average. This is a slightly positive signal but we’d rather spend our time researching stocks that hedge funds are piling on. In this regard APC might be a better candidate to consider a long position.