The Travelers Companies: Pricing Power Persists, Raising My Price Target

Core Insights - Property & Casualty insurance stocks have remained resilient while the broader Financials sector has faced challenges over the past two months, indicating a potential investment opportunity in this niche [1] Group 1: Market Performance - The performance of Property & Casualty insurance stocks contrasts with the broader Financials sector, which has been under pressure [1] - Extreme weather events, including Hurricanes Helene and Milton, LA wildfires, and a severe cold snap in January, have influenced the market dynamics for these insurance stocks [1]