2024-07-19 16:28:49 ET
Summary
- The Travelers Companies, Inc. experienced a weak quarter due to catastrophe losses, but remains a reliable slow grower with strong net written premiums.
- Q2 net and core income metrics were lower than usual, but the company's combined ratio improved and net written premiums hit a record.
- Travelers remains shareholder-friendly with a strong buyback policy and annual dividend growth, making it an attractive long-term investment despite the recent selloff.
- Take advantage of the sale of The Travelers Companies shares.
Back in October, we called for a buy in The Travelers Companies, Inc. ( TRV ) for reliable dividend growth and capital gains. Then in January, we locked in 30% gains , about $10 higher from where the stock trades today. Nearly 9 months after that buy call, we have a different view on the stock because inflation in insurance premiums has set Travelers and many others up for massive premium growth, and earnings....
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Travelers Drops, And Is Starting To Look Very Interesting