The Travelers Companies, Inc. (NYSE:TRV) sees its shares bought and sold by multiple investment companies. Mizuho Securities USA LLC, Advisors Asset Management Inc., and Pathstone Holdings LLC reduced their stakes; Icon Wealth Advisors LLC, First Horizon Advisors Inc., Empowered Funds LLC, Natixis Advisors LLC, and others increased their stakes. The company's stock has been on an upward trend, gaining 35.4% year to date, with some considering it the best-performing Dow stock in 2024 and the most undervalued insurance stock.
There are rumors of the company raising its premiums, leading to a significant increase in profits. However, some analysts have downgraded their rating of the stock, including Janney Montgomery Scott, who lowered its rating to 'Neutral'. The company continues to prioritize corporate social responsibility, earning a Gold Military-Friendly Employer Status.
Travelers Co. also reported strong Q3 2024 earnings with coverage highlighting robust premium growth. Despite misses in revenue and premiums estimates, the company's stock price jumped 8% on substantial profit growth. However, its stance with the veteran community and its third-quarter performance caused its stock to drop 8% in a day.
The Travelers Companies TRV News Analytics from Wed, 17 Apr 2024 07:00:00 GMT to Sat, 23 Nov 2024 14:51:33 GMT - Rating 7 - Innovation -3 - Information 8 - Rumor 5
