Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Is Travelers a Buy While It's Down?

TheMotleyFool

0 0

Travelers (NYSE: TRV) is one of the largest property and casualty insurance companies in the U.S. Like most insurers, the Hartford-based company has struggled this year -- its stock price was down about 15% year to date as of Wednesday's close, and earnings fell 25% year over year in the first quarter. Unexpected circumstances have played a role, most notably the COVID-19 pandemic and the resulting economic downturn, which led the Fed to lower its benchmark federal funds rate to 0%.

Investors may be wondering if the stock is still worth holding, or if the company is built to withstand the stresses of these forces. Is Travelers still a buy while it's down?

Image source: Getty Images.

Source Fool.com

Like: 0

TRV

Share