IAK - Travelers: Big 2024 EPS Growth Yields An Attractive Stock Monitoring Technicals

2024-04-03 10:29:55 ET

Summary

• Insurance stocks, including the Invesco KBW Property & Casualty Insurance ETF have been performing well, with a 33% return over the past nine months.
• The Travelers Cos is a major holding in the KBWP ETF and has seen strong earnings growth and a low PEG ratio, making it an attractive investment opportunity.
• TRV has received numerous EPS upgrades and is expected to continue its growth trajectory, although there are concerns about the future of homeowners' insurance.
• I highlight key price levels to monitor in the months ahead.

Insurance stocks have been among the market leaders since the middle of last year. While interest rates have been volatile since Q3 2023, the Invesco KBW Property & Casualty Insurance ETF ( KBWP ) has been in rally mode. The fund has returned 33% over the past nine months. One of the ETF's major holdings is another massive winner since the S&P 500’s low in October last year. ...

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