12 Best Property & Casualty Insurance Stocks to Buy Now

6. The Travelers Companies Inc. (NYSE:TRV)

Number of Hedge Fund Holders: 37

The Travelers Companies Inc. (NYSE:TRV) is one of the largest insurance providers in the United States, offering a wide range of property and casualty insurance products. The company specializes in providing coverage for personal, business, and specialty needs. Its products include home, auto, and life insurance, as well as commercial lines for businesses of all sizes, including workers’ compensation, liability, and property insurance.

The Travelers Companies Inc. (NYSE:TRV) reported impressive fourth-quarter and full-year results for 2024, with a record core income of about $2.1 billion in Q4, a 30% increase year-over-year, and a full-year core income of $5 billion, up 64%. Earnings per share (EPS) for Q4 were $9.15, reflecting a 31% rise from the prior year, and full-year EPS was $21.58, up 64%. The company’s net income for Q4 was $2.1 billion, up 28% from the previous year, while operating cash flow reached a record $9.1 billion for the full year.

On January 24, 2025, Paul Newsome of Piper Sandler upgraded The Travelers Companies Inc. (NYSE:TRV) from a “Hold” to a “Buy” rating, raising the price target from $259 to $310, which reflects a potential upside of nearly 28%.