5 Cash-Rich Stocks to Buy Right Now

In this article, we will take a look at the 5 Cash-Rich Stocks to Buy Right Now. For deeper discussion and analysis, read 12 Cash-Rich Stocks to Buy Right Now. 

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5. The Travelers Companies, Inc. (NYSE:TRV)

Operating Cash Flow (TTM): $11.44 Billion

On May 26, JPMorgan upgraded The Travelers Companies, Inc. (NYSE:TRV) to Neutral from Underweight. It also raised its price target on the stock to $322 from $316. The firm said the upgrade reflects its earnings estimates moving closer to consensus expectations. According to the analyst, casualty reserves remain a risk for Travelers, but the issue is not unique to the company, and the exposure is not viewed as unusually large. JPMorgan also believes that the company’s recent actions should help reduce the risk of adverse reserve development.

On the same day, Piper Sandler raised its price goal on Travelers to $340 from $329. It reiterated an Overweight rating on the shares. The firm cited recent stock performance and the passage of time as factors behind the target increase. Piper said it generally raised price targets for most insurance carriers while lowering targets for some insurance brokers. Using a bottom-up approach, the firm concluded that insurance carriers currently appear more attractive than brokers following first-quarter results. According to Piper, underwriting performance provided stronger-than-expected support for carriers, while organic growth results for brokers were less compelling.

The Travelers Companies, Inc. (NYSE:TRV) provides property and casualty insurance products for automobiles, homes, and businesses. The company operates through three segments: Business Insurance, Bond & Specialty Insurance, and Personal Insurance.