Travelers: Value Stock Where Catalyst Is Already Visible
Tom Armistead submits:
Travelers (TRV) is a value stock where the catalyst is already visible. At a recent price of 51.42 it trades at TTM P/E of 7.9 and a P/B of .96. Earnings of 1.25 for 1Q 10 met guidance, in spite of heavy weather related catastrophe claims.
The company says they may come out of the recession with more business customers than they had at the onset. Premium to surplus stands at about one to one, and there is 3 billion of capital in the holding company, much of it available to fund share repurchases at favorable prices. As business customers experience recovery, increased written premiums will be forthcoming. The earnings conference call was upbeat on these and other issues.
Investing, Long Term Investment, stock market | admin April 30, 2010
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