Dow Today: Travelers Companies (TRV) Lower

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 Link.

The Dow Jones Industrial Average ( ^DJI) is trading down 22.0 points (-0.1%) at 16,064 as of Monday, Dec 2, 2013, 11:35 a.m. ET. During this time, 115.3 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 379 million. The NYSE advances/declines ratio sits at 1,030 issues advancing vs. 1,883 declining with 116 unchanged.
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Holding back the Dow today is Travelers Companies (NYSE: TRV), which is lagging the broader Dow index with a $1.26 decline (-1.4%) bringing the stock to $89.48. This single loss is lowering the Dow Jones Industrial Average by 9.54 points or roughly accounting for 43.4% of the Dow's overall loss. Volume for Travelers Companies currently sits at 1.5 million shares traded vs. an average daily trading volume of 1.9 million shares.

Travelers Companies has a market cap of $33.13 billion and is part of the financial sector and insurance industry. Shares are up 26.7% year to date as of Friday's close. The stock's dividend yield sits at 2.2%.

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. The company has a P/E ratio of 11.6, below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Travelers Companies as a buy. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations, growth in earnings per share and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

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