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 37.0 points (-0.2%) at 16,377 as of Wednesday, Jan 22, 2014, 12:35 p.m. ET. During this time, 162.8 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 360.6 million. The NYSE advances/declines ratio sits at 1,862 issues advancing vs. 1,104 declining with 155 unchanged.
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Holding back the Dow today is Travelers Companies (NYSE: TRV), which is lagging the broader Dow index with a 24-cent decline (-0.3%) bringing the stock to $84.76. This single loss is lowering the Dow Jones Industrial Average by 1.82 points or roughly accounting for 4.9% of the Dow's overall loss. Volume for Travelers Companies currently sits at 1.3 million shares traded vs. an average daily trading volume of 1.9 million shares.

Travelers Companies has a market cap of $31.48 billion and is part of the financial sector and insurance industry. Shares are down 6.1% year to date as of Tuesday's close. The stock's dividend yield sits at 2.3%.

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, 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 largely solid financial position with reasonable debt levels by most measures, good cash flow from operations, growth in earnings per share, notable return on equity and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

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