NEW YORK, March 8, 2011 /PRNewswire/ -- The Travelers Companies, Inc. (TRV: $59) has been picked by Standard & Poor's Equity Research as its Focus Stock of the Week. TRV carries S&P's highest investment recommendation of 5-STARS, or Strong Buy.
"We see Travelers as a leading property-casualty insurer capable of successfully navigating the soft market for insurance pricing that may be starting to firm," said Cathy Seifert, Insurance Analyst at Standard & Poor's Equity Research. "We believe Travelers is also well positioned to benefit from a flight to quality that remains at play in the insurance marketplace. This is particularly true in the commercial lines arena, where buyers seeking to place long tail risks like workers compensation or general liability focus on an insurer's ability to pay claims. We think Travelers' reserving practices have been conservative, allowing the firm in recent periods to release some redundant loss reserves back into earnings, aiding underwriting profitability."
To view a video of Ms. Seifert discussing TRV, paste the following link into your browser. http://link.delvenetworks.com/media/?mediaId=4d82c3bd59344365a3e8ece11445aa24&width=480&height=411&playerForm=DelvePlayer
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