Better Than The Traveler's CompaniesTRV has displayed decent growth over the last several years, hovering around the 2% to 5% range. Its profit margin has grown over the last few years and its debt levels are low. The valuation is good here, with a 1.3X forward sales multiple and 13.2X forward P/E. Sales growth is expected to be roughly 6% for 2022 and it currently pays out a 2.2% dividend. We think that it has performed well here, and as a good Canadian and American property and the casualty insurance company should continue to perform well. That said, we would prefer Intact (IFC) to TRV here, as IFC has a stronger overall performance and better fundamentals.
So said the team at 5iResearch. GLTA