Top 10 Stocks to Buy According to Balyasny Asset Management

7. The Travelers Companies, Inc. (NYSE:TRV)

Number of Hedge Fund Holders as of Q4: 52

Balyasny Asset Management’s Equity Stake: $360.69 Million 

The Travelers Companies, Inc. (NYSE:TRV) is a leading American insurance provider, ranking as the second-largest writer of U.S. commercial property casualty insurance and the sixth-largest writer of U.S. personal insurance through independent agents. The company reported strong financial results for the fourth quarter of 2024, with net income reaching $2.082 billion, or $8.96 per diluted share, compared to $1.626 billion, or $6.99 per diluted share, in the same period the previous year. Core income also saw an increase to $2.126 billion, or $9.15 per diluted share, driven by higher underwriting gains, increased net investment income, and favorable reserve developments, despite higher catastrophe-related losses.

The Travelers Companies, Inc. (NYSE:TRV) also reported record full-year operating cash flows of $9.074 billion, demonstrating its strong financial position. During the fourth quarter, the company repurchased 1 million shares at an average price of $255.41 per share, totaling $252 million. As of December 31, 2024, The Travelers Companies, Inc. (NYSE:TRV) had $5.040 billion in remaining share repurchase authorization. The company’s capital position remains solid, with statutory capital and surplus at $27.715 billion and a debt-to-capital ratio of 22.4%, which falls within its target range of 15% to 25% when excluding after-tax net unrealized investment gains or losses.

The Board of Directors declared a quarterly dividend of $1.05 per share, payable on March 31, 2025, to shareholders of record as of March 10, 2025. This dividend reflects the company’s commitment to returning value to shareholders while maintaining a balanced approach to capital management. The consistent share repurchases and stable dividends further reinforce The Travelers Companies, Inc. (NYSE:TRV)’s financial strength and ability to generate long-term shareholder value.

Investors looking for a stable, well-established company with a strong financial foundation may find Travelers an attractive stock to buy. The company’s robust underwriting performance, growing investment income, and disciplined capital management position it well for continued profitability. Additionally, the combination of steady dividend payouts and share buybacks makes The Travelers Companies, Inc. (NYSE:TRV) an appealing option for income-focused investors. With its solid balance sheet and ability to navigate economic uncertainties, Travelers presents a compelling investment opportunity in the insurance sector.