The Travelers Companies Inc
TRV: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$216.00 | Qfnrqc | Cttzcqjnr |
Travelers Off to a Good Start in 1Q
Travelers faces a mix of tailwinds and headwinds at the moment, but overall the environment appears favorable for the narrow moat franchise. Travelers generated an annualized ROE of 15% in the quarter, as favorable conditions in commercial lines are more than offsetting some headaches in personal lines. We will maintain our $178 fair value estimate.