It was noted that Travelers' shares had declined by 9.8% since the close on October 17, 2024, which marked a rise following a strong third-quarter earnings report. This performance ranked second only to Chubb Limited (NYSE: CB ) in terms of underperformance within the peer group, in a period where banks saw a 12.7% increase and the S&P 500 rose by 3.9%. The underperformance occurred in the absence of any company-specific news. Despite anticipating a potential uptick in share price following the robust earnings report, BofA maintains its Underperform rating due to the downside observed in relation to the new price objective. However, InvestingPro analysis suggests the stock may be undervalued, with eight analysts recently revising their earnings estimates upward. Subscribers can access the comprehensive Pro Research Report, which provides detailed analysis of Travelers' valuation metrics and growth potential among 1,400+ top US stocks.