TRV - The Travelers Companies, Inc.

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  1. Stockaholic

    Stockaholic Content Manager

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    The Travelers Companies (TRV) is an American insurance company. It is the second largest writer of U.S. commercial property casualty insurance and the third largest writer of U.S. personal insurance through independent agents. Travelers is incorporated in Minnesota, with headquarters in New York City and its largest office in Hartford, Connecticut. Travelers also maintains a large office in St. Paul, Minnesota. It has been a component of the Dow Jones Industrial Average since June 8, 2009.

    The company has field offices in every U.S. state, plus operations in the United Kingdom, Ireland, Singapore, China, Canada, and Brazil. In 2014, the company reportedrevenues of US $27 billion and total assets of US $103 billion.

    Travelers, through its subsidiaries and approximately 14,000 independent agents and brokers, provides commercial and personal property and casualty insurance products and services to businesses, government units, associations, and individuals. The company offers insurance through three segments:

    • Personal Insurance, which includes home, auto and other insurance products for individuals
    • Business Insurance, which includes a broad array of property and casualty insurance and insurance-related services in the United States
    • Bond and Specialty Insurance, which includes surety, crime, and financial liability businesses which primarily use credit-based underwriting processes, as well as property and casualty products that are predominantly marketed on an international basis.
     
  2. GarethSoloway

    GarethSoloway Member

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    Shares of The Travelers Companies Inc (TRV) hit major technical support today at $80.00. This is a full 50% drop from its recent all-time high of near $160 and a major technical level from 2013. Quality stocks that may see minimal hardships from the coronvirus outbreak should be accumulated at these levels, especially if you have a 1+ year horizon for hold time.

    I am anticipating a bounce back to $110.00 in the coming month for near-term swing traders. This technical level is the dream level for traders as full panic has hit the market.

    See the chart here: https://inthemoneystocks.com/travelers-trv-tags-epic-2013-support-50-pullback/

    Gareth Soloway
    Chief Market Strategist
    InTheMoneyStocks
     

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