Wall Street expects this P&C insurance carrier to grow at a rate of 20.4% next year. The shares have a current annual dividend yield of 3.04%, paid quarterly.
The Travelers Companies, Inc. (TRV)
From IQ Trends
The Travelers Companies, Inc. is a leading property-casualty underwriter specializing in business and international insurance, personal lines, and bond and specialty insurance. The business and international insurance segment offers an array of property and liability coverages that include workers’ compensation, commercial multi-peril, commercial auto, general liability, commercial property, and international.
The bond and specialty insurance segment cover the surety bond business, the construction industry, and certain types of professional and managerial liability. The personal lines segment covers personal risks, primarily personal automobile and homeowners’ coverage.
The Travelers Companies Inc. (formerly The St. Paul Travelers Companies Inc.) was formed on April 1, 2004, as a result of the acquisition of Travelers Property Casualty Corp. by The Saint Paul Companies. The combined entity is one of the top 10 property-casualty insurers in the United States.
In early October 2018, TRV announced that it has joined forces with Amazon (AMZN) to create the insurance industry’s first digital storefront on the Amazon platform. This is a significant long-term strategic move that leaves TRV well positioned to further build out its digital and direct to consumer distribution capabilities.
Kelley Wright, IQ Trends, iqtrends.com/, info@iqtrends.com, 866.927.5250, Mid-October 2020