Property and casualty insurer Travelers trounced Wall Street estimates for fourth-quarter profit as strength in its underwriting business cushioned a blow from outsized catastrophe losses, sending its shares up nearly 5% on Wednesday.

Travelers reported record annual profit, reflecting the strong financial run that home and auto insurers are enjoying despite concerns over rate hikes and availability crunches. The insurer didn't put a figure on potential losses from this month’s devastating Los Angeles wildfires.

Travelers Companies Inc (TRV) stock saw a decline, ending the day at $239.16 which represents a decrease of $-0.36 or -0.15% from the prior close of $239.52. The stock opened at $240.81 and touched a low of $238.

Morgan Stanley analyst Bob Huang maintained a Hold rating on Travelers Companies (TRV – Research Report) today and set a price target of

NEW YORK (AP) — NEW YORK (AP) — The Travelers Cos. (TRV) on Wednesday reported fourth-quarter net income of $2.08 billion. On a per-share basis, the New York-based company said it had profit of $8.96. Earnings, adjusted for investment costs, were $9.15 per share.

We recently published a list of 5 Stocks Negatively Impacted By The LA Wildfires. In this article, we are going to take a look at where The Travelers Companies, Inc.

Key Insights Significantly high institutional ownership implies Travelers Companies' stock price is sensitive to