Dow Today: Travelers Companies (TRV) Higher

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Links.

The Dow Jones Industrial Average ( ^DJI) is trading up nine points at 15,529 as of Wednesday, Jul 31, 2013, 1:35 p.m. ET. During this time, 246.3 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 586.1 million. The NYSE advances/declines ratio sits at 1,306 issues advancing vs. 1,640 declining with 99 unchanged.
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The Dow component leading the way higher looks to be Travelers Companies (NYSE: TRV), which is sporting a three-cent gain to $83.42. This single gain is lifting the Dow Jones Industrial Average by 0.23 points or roughly accounting for 2.6% of the Dow's overall gain. Volume for Travelers Companies currently sits at 1.1 million shares traded vs. an average daily trading volume of 2.1 million shares.

Travelers Companies has a market cap of $31.15 billion and is part of the financial sector and insurance industry. Shares are up 16.1% year to date as of Tuesday's close. The stock's dividend yield sits at 2.4%.

The Travelers Companies, Inc., through its subsidiaries, provides various commercial and personal property and casualty insurance products and services to businesses, government units, associations, and individuals primarily in the United States.

TheStreet Ratings rates Travelers Companies as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, compelling growth in net income, notable return on equity and solid stock price performance. We feel these strengths outweigh the fact that the company shows low profit margins.

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