Cullen Capital Management, LLC, operating under the name Schafer Cullen Capital Management, Inc. (SCCM), has released its “SCCM Enhanced Equity Income Fund” first-quarter investor letter. A copy of the letter can be downloaded here. The first quarter showed mixed results for US stocks, with the S&P 500 declining 4.3% and the Russell 1000 Value rising by 2.1%. The composite outperformed both of its benchmarks in the first quarter, and returned 5.8% (net) compared to a -3.1% return by the CBOE Buy/Write Index (BXM) and a 0.8% return by the SPDR Bloomberg High Yield Bond ETF (JNK). The gains were driven by strong outperformance in seven sectors, mainly in Information Technology, Consumer Discretionary, and Communication Services, during a reversal of the stratified equity market gains of the past two years. In addition, you can check the fund’s top 5 holdings to determine its best picks for 2025.
In its first-quarter 2025 investor letter, SCCM Enhanced Equity Income Fund highlighted stocks such as The Travelers Companies, Inc. (NYSE:TRV). The Travelers Companies, Inc. (NYSE:TRV) is an insurance company that offers a range of commercial and personal property and casualty insurance products and services. The one-month return of The Travelers Companies, Inc. (NYSE:TRV) was -1.79%, and its shares gained 31.08% of their value over the last 52 weeks. On July 1, 2025, The Travelers Companies, Inc. (NYSE:TRV) stock closed at $267.00 per share, with a market capitalization of $60.494 billion.
SCCM Enhanced Equity Income Fund stated the following regarding The Travelers Companies, Inc. (NYSE:TRV) in its Q1 2025 investor letter:
“The strategy’s position in The Travelers Companies, Inc. (NYSE:TRV) was sold in the quarter. Travelers has been a long-term holding in the strategy and appreciated substantially in recent years as property & casualty insurers have benefited from a favorable pricing environment. Although Travelers has increased the dividend at a 6.1% annualized rate over the past three years, given the share price appreciation, the yield declined to 1.6% at the time of the sale.”
A woman signing a policy document while a representative from the insurance company looks on.
The Travelers Companies, Inc. (NYSE:TRV) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 51 hedge fund portfolios held The Travelers Companies, Inc. (NYSE:TRV) at the end of the first quarter, which was 52 in the previous quarter. While we acknowledge the potential of The Travelers Companies, Inc. (NYSE:TRV) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the undervalued AI stock set for massive gains.
