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Travelers stock prices rally today

Best Insurance Stock - Travelers stock prices rally today : Shares of Travelers Cos. rallied on Tuesday afterward the insurance companionship reported quarterly earnings that exceeded Wall Street’s expectations.

The Financial Select Sector SPDR Fund XLF +0.41% , which tracks the surgical physical care for of financial stocks in the S&P 500 SPX -0.28% , traded marginally higher inwards midmorning trade.   The broader USA stock marketplace seat declined afterward information showed a reject inwards sales of existing homes inwards December. The S&P 500 slipped 0.3% to 1,481.

Travelers TRV +2.63%  was the pinnacle gainer with S&P 500 financial stocks too the biggest gainer inwards the blue-chip Dow Jones Industrial Average DJIA +0.12% , with its shares upwards virtually 3%. The insurer said its fourth-quarter net income slumped 51% equally it racked upwards millions inwards claims from Hurricane Sandy, which hitting the Northeastern USA inwards November. Still, the results were amend than expected. See: Travelers fourth-quarter net income downward 51% afterward Sandy. Another insurer, Allstate Corp. ALL +1.76% , gained 1.8%.

State Street Corp. STT +3.36%  shares rose 2.6% afterward the investment managing director was upgraded to neutral from underweight at J.P. Morgan Chase, which said that the company’s novel cost-savings plan is expected to rootage its lower cyberspace involvement margin, In the banking sector, shares of Regions Financial Corp. RF +4.58%  rose 1.5% afterward the lender swung to a fourth-quarter profit, source :

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