KBWP

CET: Overweight Insurance Exposure Warrants Caution

Central Securities Corp outperformed the S&P 500 as an actively managed closed-end fund. The fund has benefited from a highly concentrated portfolio with an overweight exposure to the financial sector and insurance industry. We urge caution towards the fund which could be prone to wider swings of volatility.

Elevated Catastrophe Losses From Hail and Wind Storm Hurt Travelers Companies Q1 Profit, Stock Slides

The Travelers Companies reported a mixed first quarter. Net written premiums increased by 8% to $10.18 billion. The company's underlying combined ratio fell from 90.6% to 87.7% in the quarter. The board declared a 5% growth in the regular quarterly dividend to $1.05.

Weekly Market Pulse: Are Higher Interest Rates Good For The Economy?

Interest rates surged last week on the back of a hotter-than-expected inflation report. The rise in rates last week pushed the 10-year to its highest level since the peak at 5% in October of last year. Gold has been setting new highs, trading above $2400.

Should You Invest in the SPDR S&P Insurance ETF (KIE)?

Weekly Report: what happened at KBWP last week (0408-0412)?

Are The Stars Finally Aligned For U.S. Financial Stocks?

After a series of banking failures in early 2023, financial stocks are showing signs of life again. Financial stocks rallied in the last five months, signaling growing investor confidence that a wider systemic meltdown has been averted. First-quarter trends suggest that market returns may be poised to broaden - good news for financials.

Weekly Report: what happened at KBWP last week (0401-0405)?

Travelers: Big 2024 EPS Growth Yields An Attractive Stock, Monitoring Technicals

Insurance stocks, including the Invesco KBW Property & Casualty Insurance ETF have been performing well. The Travelers Cos is a major holding in the KBWP fund and has returned 33% over the past nine months. The insurance company has seen strong earnings growth and a low PEG ratio. Travelers is expected to continue its growth trajectory.