Travelers Declines Most in Dow Average as Profit Falls 21%
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Travelers Cos. posted the biggest drop in the Dow Jones Industrial Average after first-quarter profit fell 21 percent as investment income declined and the pace slowed for rate increases to commercial clients.
The insurer slumped 4 percent to $101.88 at 4:15 p.m. in New York, even after the company announced a $5 billion share buyback plan.