The Travelers Companies Inc
TRV: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$379.00 | Mymwf | Lyrwydng |
Travelers Earnings: Catastrophes Take a Toll, but Underlying Results Are Solid
Narrow-moat Travelers' second-quarter results were weighed down by $1.5 billion in pretax catastrophe losses, which dragged annualized return on equity for the quarter down to 9%. However, underlying results contained no major surprises, and we think industry conditions remain positive and the near-term outlook is bright. We maintain our $210 fair value estimate and see the shares as about fairly valued at the moment.