Seeking Alpha

Investors prefer to focus on Travelers' (TRV +5.9%) plan to pursue targeted pricing and changes...

Investors prefer to focus on Travelers' (TRV +5.9%) plan to pursue targeted pricing and changes in terms and conditions rather than its 67% Y/Y profit drop, boosting shares. A multiyear streak of outsized losses from severe weather is the top factor in providing an impetus to raise rates across all its operating segments. Insurance peers: CB +2.1%, ACE +3.4%, WRB +2.6%.
Comments (1)
  • TRV trading near 1x the just reported TBVps of $51.85 for 3Q-11, and the commentary on P&C pricing trends is positive, sounds like a financial stock that more conservative investors can stomach
    19 Oct 2011, 05:50 PM Reply Like
DJIA (DIA) S&P 500 (SPY)