5 Undervalued Insurance Stocks to Buy Now

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

Number of Hedge Fund holders: 37

The Travelers Companies, Inc. (NYSE:TRV) is a New York-based insurance company and has operations in seven countries including the United States. As of December 13, the company is trading near its 52-week high of $191.16 at $187.05. However, the company stock still provides a good value with a PE ratio of 13.7 at the time of writing.

Our database reveals that in the third quarter, 37 hedge funds had a stake worth $508.67 million in The Travelers Companies, Inc. (NYSE:TRV). In the prior quarter, the total number of hedge funds holding positions in the company was 31, valued at $433.82 million. The most significant shareholder was First Eagle Investment Management with over 2.7 million of The Travelers Companies, Inc. (NYSE:TRV)’s shares, worth $420.037 million.

On November 1, MKM Partners analyst Harry Fong reiterated a Buy rating on The Travelers Companies, Inc. (NYSE:TRV) with a $220 price target, up from $185. The analyst noted that the company’s catastrophic losses of $512 million were just ahead of its estimates and also near what he expected without a significant event.