The Travelers Companies Inc $ 111.84 -1.48 (-1.31%)
The Travelers Companies Inc News and Headlines -
While some investors prefer the exciting stocks that get discussed daily on financial channels, dividend growth investors tend to prefer "boring" stocks. These are the names rarely discussed or seen as growth stocks. These types of companies tend to provide an essential service that sees solid gains in most years. Boring companies tend to pay solid dividends, provide annual raises and remain fairly recession proof.
Insurance companies are one of my favorite boring industries as these companies tend to hold up better during a recession. Customers need to carry insurance even when economic conditions are deteriorating. Protection for autos, home
With investors hopeful about a potential new stimulus bill, market indexes were up for a third straight day on Friday morning. The Dow Jones Industrial Average gained 210 points, or 0.7%, while the S&P 500 was up 0.9% and the Nasdaq Composite rose 1.1%.
As a result of these developments, investors may be interested in taking advantage of opportunities found among companies that are part of the 30-stock index.
Using the GuruFocus Fair Value Line, a new unique method of estimating the intrinsic value of a stock, investors can find potential value opportunities. Based on the popular Peter Lynch
As of Sept. 29, the GuruFocus All-in-One Screener, a Premium feature, found that the following insurance companies have low price-earnings ratios and are owned by gurus. While some of them are great value investments, others may need to be researched more carefully, according to the discounted cash flow calculator.
With a market cap of $54.80 billion, Progressive Corp. (PGR) has a price-earnings ratio of 12.56 and a price-book ratio of 3.39. According to the DCF calculator, the stock has a fair value of $132.79 while trading at $93.46.
The stock has gained 20.92% over the last 12
Say you're fortunate enough to own a large private manufacturing business. In 2016, you built a $100 million factory and paid for it 100% in cash.
This year, your business will generate $1 billion in revenue and $980 million in expenses. You might think that's a $20 million profit. But it won't be reported that way because you will subtract about $8.8 million for depreciation on the factory building and the machinery inside. Reported profit: $11.2 million.
In reality, no cash is going out for the factory and equipment this year; you paid for it all four years ago. Your
Tom Gayner (Trades, Portfolio) is the Co-CEO at Markel Gayner Asset Management Corp. The hedge fund had an equity portfolio composed of 114 stocks valued at $5.37 billion at the quarter's end. It sold shares of the following stocks during the second quarter of 2020.
The fund exited its position in CarMax Inc. (KMX). The trade had an impact of -4.98% on the portfolio.
The company, which provides used and new cars, has a market cap of $16.20 billion and an enterprise value of $30.87 billion.
GuruFocus gives the
While well-known companies like Boeing (BA), The TJX Companies (TJX) and The Walt Disney Company (DIS) have cut or suspended dividend payments at least in part due to the impact of the Covid-19 pandemic, there are numerous other companies that continue to raise payouts to shareholders.
It is one thing to be able to raise dividends when the economy is growing, but I’m more interested in knowing which companies can do so in a difficult environment. As an investor who will rely on income from my investments to fund retirement, I want to add names to my portfolio that have
The Dow Jones Industrial Average closed at 23,664.64 on Wednesday with a loss of 218.45 points or -0.91%. The S&P 500 closed at 2,848.42 for a loss of 20.02 points or -0.70%. The Nasdaq Composite closed at 8,854.39 for a gain of 45.27 points or 0.51%. The VIX Volatility Index was higher at 33.98 for a gain of 0.37 points or 1.10%.
Wednesday’s market movers
Stocks closed mostly lower with the ADP private sector employment report showing a decrease in payrolls of 20.236 million in April. Coronavirus cases increased to over 1,220,200. Meanwhile, states continued reopening plans. President Trump said
According to the GuruFocus All-in-One Screener, a Premium feature, the following companies have grown their book value per share over the past decade through April 29.
Book value per share is calculated as total equity minus preferred stock, divided by shares outstanding. Theoretically, it is what shareholders will receive if a company is liquidated. Total equity is a balance sheet item and is equal to total assets minus total liabilities.
Since the book value per share may not reflect the company’s true value, some investors check the tangible book value to confirm their investment ideas.
The book value
The Dow Jones Industrial Average closed at 19,898.92 on Wednesday with a loss of 1,338.46 points or -6.30%. The S&P 500 closed at 2,398.10 for a loss of 131.09 points or -5.18%. The Nasdaq Composite closed at 6,989.84 for a loss of 344.94 points or -4.70%. The VIX Volatility Index was higher at 76.45 for a gain of 0.54 points or 0.71%.
Wednesday’s market movers
Stock trading was halted Wednesday afternoon due to declines. The S&P 500 ended with a loss of 5.18% and the Dow Jones was down 6.30%. Investors sold stocks as uncertainty continued over the coronavirus’ affects.
The Dow Jones Industrial Average closed at 21,237.38 on Tuesday with a gain of 1,048.86 points or 5.20%. The S&P 500 closed at 2,529.19 for a gain of 143.06 points or 6.00%. The Nasdaq Composite closed at 7,334.78 for a gain of 430.19 points or 6.23%. The VIX Volatility Index was lower at 75.91 for a loss of 6.78 points or -8.20%.
Tuesday’s market movers
U.S. stocks rebounded Tuesday, though coronavirus affects continued. The infection count in the U.S. increased to over 5,500. The New York City mayor warned residents that a quarantine may be announced.
The U.S. airline industry
The Dow Jones Industrial Average closed at 20,188.52 on Monday with a loss of 2997.10 points or -12.93%. The S&P 500 closed at 2,386.13 for a loss of 324.89 points or -11.98%. The Nasdaq Composite closed at 6,904.59 for a loss of 970.28 points or -12.32%. The VIX Volatility Index was higher at 82.69 for a gain of 24.86 points or 42.99%.
Monday’s market movers
On Sunday, the Federal Reserve lowered its target federal funds rate to 0% to 0.25%. It also announced a new round of quantitative easing, which will include the purchase of $700 billion in Treasury and
The Dow Jones Industrial Average closed at 26,703.32 on Monday with a gain of 1,293.96 points or 5.09%. The S&P 500 closed at 3,090.23 for a gain of 136.01 points or 4.60%. The Nasdaq Composite closed at 8,952.16 for a gain of 384.80 points or 4.49%. The VIX Volatility Index was lower at 33.42 for a loss of 6.69 points or -16.68%.
Monday’s market movers
U.S. indexes closed higher Monday on sentiment that the central banks globally may step up stimulus due to coronavirus affects on the economy. Goldman Sachs’ economists released a report suggesting a 50 basis point reduction
There were four very notable developments in Berkshire Hathaway's (BRK.A) (BRK.B) equity portfolio in the fourth quarter of 2019.
According to the conglomerate's latest 13F filing with the SEC, Berkshire substantially reduced its position in the banking groups Wells Fargo (WFC) and Goldman Sachs (GS) during the quarter.
As well as these two notable developments, the group also reduced its position in insurance group Travelers Companies (TRV) and acquired shares of S&P 500 ETFs.
Wells Fargo is one of Berkshire's top five equity investments, which suggests that the Oracle of Omaha has control over the position. He usually
The Travelers Companies Inc. (TRV)
The Travelers Companies took a hit in October when they released their third quarter results. Travelers has been particularly hurt by asbestos related claims as well as unfavorable general liability and commercial auto reserves. Due to these challenges we are seeing a favorable trend in pricing. Despite these headwinds, Travelers increased their net written premiums by 7% due to growth from all three of their business segments. Management is focused on cutting costs in order to return capital to their shareholders. In the first nine months of 2019, Travelers returned $1.8 billion
The Dow Jones Industrial Average closed at 29,160.09 on Thursday with a loss of 26.18 points or -0.09%. The S&P 500 closed at 3,325.54 for a gain of 3.79 points or 0.11%. The Nasdaq Composite closed at 9,402.48 for a gain of 18.71 points or 0.20%. The VIX Volatility Index was higher at 13.00 for a gain of 0.09 points or 0.70%.
Thursday’s market movers
U.S. stocks closed mostly flat for a second day. In China, more cities were put on lockdown due to risks of an identified pneumonia virus. However, the World Health Organization has not yet designated the
The Dow Jones Industrial Average closed at 29,348.10 on Friday with a gain of 50.46 points or 0.17%. The S&P 500 closed at 3,329.62 for a gain of 12.81 points or 0.39%. The Nasdaq Composite closed at 9,388.94 for a gain of 31.81 points or 0.34%. The VIX Volatility Index was lower at 12.11 for a loss of 0.21 points or -1.70%.
For the week, the Nasdaq gained 2.3%, the S&P 500 gained 2% and the Dow Jones gained 1.8%. For the year, the Nasdaq has a gain of 3.3%, the S&P 500 has a gain of 2.2% and the
The Dow Jones Industrial Average closed at 28,823.77 on Friday with a loss of 133.13 points or -0.46%. The S&P 500 closed at 3,265.35 for a loss of 9.35 points or -0.29%. The Nasdaq Composite closed at 9,178.86 for a loss of 24.57 points or -0.27%. The VIX Volatility Index was higher at 12.57 for a gain of 0.030 points or 0.24%.
For the week, the Nasdaq gained 1.8%, the S&P 500 gained 0.9% and the Dow Jones gained 0.7%. For the year, the Nasdaq is now up approximately 0.95%, the S&P 500 has a gain of 0.23% and the
In order to find value opportunities, investors should search for large-cap stocks with earnings yields that are outclassing the returns of 20-year high-quality market corporate bonds.
The bonds represent corporate loans issued by triple-A, double-A and single-A-rated companies, which are unlikely to have financial problems, implying a very low investment risk for their holders.
According to the Federal Reserve Bank of St. Louis, these bonds are rewarding their holders with a 3.48% monthly spot rate.
As a result, value investors may be interested in the following companies as they have a price-earnings ratio of less than 19.2 and
The Dow Jones Industrial Average closed at 26,478.02 on Monday with a loss of 95.70 points or -0.36%. The S&P 500 closed at 2,938.79 for a loss of 13.22 points or -0.45%. The Nasdaq Composite closed at 7,956.29 for a loss of 26.18 points or -0.33%. The VIX Volatility Index was higher at 17.94 for a gain of 0.90 points or 5.28%.
Monday’s market movers
U.S. indexes started the week lower after a volatile start to October in the previous week. Both stock and bond values fell marginally as investors looked to the beginning of negotiations between the U.S.
The Dow Jones Industrial Average closed at 26,573.72 on Friday with a gain of 372.68 points or 1.42%. The S&P 500 closed at 2,952.01 for a gain of 41.38 points or 1.42%. The Nasdaq Composite closed at 7,982.47 for a gain of 110.21 points or 1.40%. The VIX Volatility Index was lower at 17.07 for a loss of 2.05 points or -10.72%.
For the week, the Nasdaq gained 0.5% while the S&P was down 0.3% and the Dow Jones fell 0.9%. For the year, the Nasdaq is up 20.3%, the S&P 500 is up 17.8% and the Dow Jones is