UPDATE: Sterne Agee Color On TRV Initiation

Sterne Agee, which initiated coverage of The Travelers Companies, Inc. TRV, is providing some color on the stock. “Travelers has a diverse mix of commercial and personal lines products that are offered to a wide array of clients ranging from individuals to businesses of differing size and industry focus,” Sterne Agee writes. “This diversification allows the company to be more nimble depending on market conditions in specific lines. “In addition, the company has robust underwriting and risk analysis capabilities, technology and automation, and significant scale and data experience that have allowed it to produce above average underwriting results over an extended period of time. Lastly, the company has strong brand value in both the personal and commercial lines arenas.” Travelers closed Monday at $58.95.