Dow Jones Insurance Giant Eyes Third Breakout After 40% Rally

Blockhead11-28

Travelers Travelers TRV $ 267.34 $3.47 1.35% 15% IBD Stock Analysis Flat base-on-base pattern has 269.56 entry, support above 10-week moving average ...

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class=\"title\">\nDow Jones Insurance Giant Eyes Third Breakout After 40% Rally\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-28 04:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.investors.com/research/ibd-stock-of-the-day/dow-jones-stock-travelers-insurance-breakout-2024-rally/><strong>Blockhead</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Travelers\t\t\t\n\n\n\t\t\t\t\tTravelers\t\t\t\t\n\n\t\t\t\tTRV\t\t\t\n\n\n $\n\t\t\t\t\t267.34\t\t\t\t\n\n\n\n$3.47\n\n\n\n1.35%\n\n\n\n15%\n\n\n\n\n\n IBD Stock Analysis \n\nFlat base-on-base pattern has 269.56 entry, support above 10-week moving average\n...</p>\n\n<a href=\"https://www.investors.com/research/ibd-stock-of-the-day/dow-jones-stock-travelers-insurance-breakout-2024-rally/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0154245756.USD","symbol_name":"BNP PARIBAS US MID CAP \"C\" (USD) 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Acc SGD","LMND":"Lemonade, Inc.","BK4548":"巴美列捷福持仓","BK4173":"保险经纪商","LU0251142724.SGD":"Fidelity America A-SGD","IE00BZ1G4Q59.USD":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","IE00BK4W5L77.USD":"HSBC GLOBAL FUNDS ICAV US EQUITY INDEX \"HC\" (USD) ACC","BK4107":"财产与意外伤害保险"},"translate_title":"道琼斯保险巨头在上涨40%后第三次突破","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TRV":1,"LMND":1,"AJG":1,"HIG":1,"ROOT":1,"BRK.B":0.9},"content_text":"Travelers\t\t\t\n\n\n\t\t\t\t\tTravelers\t\t\t\t\n\n\t\t\t\tTRV\t\t\t\n\n\n $\n\t\t\t\t\t267.34\t\t\t\t\n\n\n\n$3.47\n\n\n\n1.35%\n\n\n\n15%\n\n\n\n\n\n IBD Stock Analysis \n\nFlat base-on-base pattern has 269.56 entry, support above 10-week moving average\n\n\n\n\n\n\n\n\n\n Composite Rating \n\n\n\n92/99\n\n\n\n Industry Group Ranking \n\n\n\n 44/197\n\n\n\n\n Emerging Pattern \n\n\nFlat Base\n\n\n\nFlat Base\n\n\t\t\t\t\tOne of three positive chart patterns to look for when doing technical analysis. It usually occurs after a stock has advanced off of a “cup with handle” or “double bottom” pattern. The “flat base” moves straight sideways in a fairly tight price range for at least five weeks and does not correct more than 15%.\t\t\t\t\n\n\n\n\n\n\n\n\n* Not real-time data. All data shown was captured at\n\t\t2:04PM EST on\n\t\t11/27/2024.\n\t\n\nTravelers Cos. (TRV) is the IBD Stock Of The Day as it eyes a breakout to all-time highs amid an earnings boom. Other insurance stocks broke out on Wednesday.\nRally For Dow Jones Stock\nTravelers, a Dow Jones stock, has rallied 17% so far this quarter on earnings and the postelection rally.\nA huge earnings beat on Oct. 17 led to a flurry of analyst price-target hikes, FactSet shows. But the average rating of 29 analysts covering Travelers stock is hold.\n\n\n\n↑\nX\n\n\n\n\nThe Interesting Truth Behind Today's Market Sentiment And How To Find Growth\n\n\nSee All Videos\n\n\n\n\nNOW PLAYING\nThe Interesting Truth Behind Today's Market Sentiment And How To Find Growth\n\n\n\n\nOn Nov. 20, Janney Montgomery Scott analyst Robert Farnam joined that group, citing valuation concerns after a solid run for shares, according to TheFly.com.\nFounded in 1853, Travelers provides commercial insurance and personal insurance, as well as bond and specialty insurance.\nBroadly, the insurance market is undergoing vast change. Insurers are shifting regional coverage and underwriting policies, exiting some markets while increasing premiums and reducing coverage in others. The result is creating winners and losers, with larger players tending to pick up market share.\nIndustry peer Gallagher (AJG), an insurance broker, is a Long-Term Leader. Insurance is a core Berkshire Hathaway (BRKB) business. But app-based insurance upstarts Lemonade (LMND) and Root (ROOT) have far outperformed their established peers in the past year.\nTravelers Stock, Insurance Stocks\nShares of Travelers rose 1.3% on the stock market today, above all the shorter- and longer-term moving averages. Travelers stock neared a 269.56 buy point from a flat base, according to MarketSurge pattern recognition. Shares traded just 1% below the entry on Wednesday.\n\nThe relative strength line for TRV stock is rising fast but remains below the peak of the base for now. It would send a positive signal to see the RS line move to new highs as the Dow Jones insurance company tries to break out. A rising RS line means that a stock is outperforming the S&P 500 index. It is the blue line in the chart provided.\nTravelers stock surged to all-time highs on earnings in October. It then shaped the six-week flat base, which formed entirely above the 50-day moving average, a favorable sign.\nOn Wednesday, Hartford Financial Services (HIG), an insurance stock, topped a 123.23 flat-base entry. And Berkshire Hathaway stock briefly topped a 484.82 flat-base buy point.\nTravelers Earnings Boom\nThe IBD Stock Checkup tool shows that Travelers stock earns a solid Composite Rating of 92 out of 99. The rating rolls various fundamental and technical metric into one easy-to-use score.\nIn terms of other key ratings, Travelers shows an RS Rating of 83. It flaunts a superior EPS Rating of 96, also out of a best-possible 99.\nEarnings growth has averaged 1,422% over the past three quarters, vs. the more historically typical three-year rate of 2%. That reflects a huge earnings recovery amid higher underwriting volumes, higher interest rates and higher stock markets.\nFor the third quarter, Travelers delivered a 169% leap in operating earnings per share to $5.24, despite higher catastrophe losses. That far outpaced estimates for $3.66 and benefited from easy year-ago comparisons.\nTravelers tied Q3 catastrophe losses mainly to Hurricane Helene.\nIn Q3, net premiums written rose almost 8% to record levels. The combined ratio, a key profitability metric, improved by almost 8 points to 93.2%. Net investment income jumped 18%.\nTravelers also realized a net $42 million in after-tax investment gains. That contrasted with net realized investment losses in the year-ago quarter.\n\"Both underwriting income and underlying margins were strong in all three of our segments,\" Travelers Chief Executive Officer Alan Schnitzer said in a release.\nHe added: \"With this momentum, we are very confident in our outlook for our business into 2025 and beyond.\"\nSolid Outlook For Travelers, Financials\nFor the full year, analysts project Travelers earnings per share will grow 44.3%. That would compare with a 5.7% rise last year. Analysts expect a further 12.1% gain in 2025.\nAfter the Nov. 5 U.S. election, financial stocks broadly led the stock market's Trump rally. The result stoked optimism about looser regulations on financial companies.\nBut fears remain about challenges in commercial real estate putting the insurance industry at risk.\nYear to date, Travelers stock has surged almost 40% on the back of two breakouts, while a third looms. It is the No. 7 top-performing Dow Jones stock in 2024 through Tuesday.\nPlease follow Aparna Narayanan on X @IBD_Aparna for more coverage.\nYOU MAY ALSO LIKE:\nBest Growth Stocks To Buy And Watch: See Updates To IBD Stock Lists\nLooking For The Next Big Stock Market Winners? Start With These 3 Steps\nJoin IBD Live And Learn Top Chart Reading And Trading Techniques From Pros\nLearn How To Time The Market With IBD's ETF Market Strategy","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2486680125"}