At the time of writing, Travelers Companies Inc. [TRV] stock is trading at $223.63, up 0.77%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The TRV shares have gain 1.44% over the last week, with a monthly amount glided 2.80%, and seem to be holding up well over a long-time horizon.
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On 14, March 2024, Travelers Schedules Conference Call to Review First Quarter 2024 Results. In a post published today on Yahoo Finance, The Travelers Companies, Inc. (NYSE: TRV) will review its first quarter 2024 results at 9 a.m. ET on Wednesday, April 17, following the release of results earlier that morning.
From an analyst’s perspective:
Travelers Companies Inc. [NYSE: TRV] stock has seen the most recent analyst activity on January 10, 2024, when TD Cowen initiated its Outperform rating and assigned the stock a price target of $247. Previously, HSBC Securities started tracking the stock with Hold rating on December 28, 2023, and set its price target to $203. On December 20, 2023, Janney initiated with a Buy rating and assigned a price target of $215 on the stock. Oppenheimer started tracking the stock assigning a Perform rating. Deutsche Bank initiated its recommendation with a Hold and recommended $186 as its price target on October 05, 2023. Morgan Stanley started tracking with a Equal-Weight rating for this stock on June 20, 2023, and assigned it a price target of $185. In a note dated January 20, 2023, BMO Capital Markets initiated an Outperform rating and provided a target price of $212 on this stock.
For the past year, the stock price of Travelers Companies Inc. fluctuated between $157.33 and $224.00. Currently, Wall Street analysts expect the stock to reach $169.25 within the next 12 months. Travelers Companies Inc. [NYSE: TRV] shares were valued at $223.63 at the most recent close of the market. An investor can expect a potential drop of -24.32% based on the average TRV price forecast.
Analyzing the TRV fundamentals
According to Travelers Companies Inc. [NYSE:TRV], the company’s sales were 41.36B for trailing twelve months, which represents an 13.40% jump. Gross Profit Margin for this corporation currently stands at 1.0% with Operating Profit Margin at 0.03%, Pretax Profit Margin comes in at 0.08%, and Net Profit Margin reading is 0.07%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.13 and Total Capital is 0.02. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.33.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 222.18 points at the first support level, and at 220.74 for the second support level. However, for the 1st resistance point, the stock is sitting at 224.62, and for the 2nd resistance point, it is at 225.62.
Travelers Companies Inc. [TRV] reported earnings per share of $7.01 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $5.09/share, meaning a difference of $1.92 and a surprise factor of 37.70%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $1.95 per share as compared to estimates of $3.01 per share, a difference of -$1.06 representing a surprise of -35.20%.
Ratios To Look Out For
It is important to note that Travelers Companies Inc. [NYSE:TRV] has a current ratio of 0.43. Considering the valuation of this stock, the price to sales ratio is 1.24, the price to book ratio is 2.05 and price to earnings (TTM) ratio is 17.49.
Transactions by insiders
Recent insider trading involved Yin Daniel Tei-Hwa, EVP & Co-Chief Invest. Officer, that happened on Feb 29 ’24 when 9502.0 shares were sold. EVP & Co-Chief Invest. Officer, Rowland David Donnay completed a deal on Feb 27 ’24 to sell 5264.0 shares. Meanwhile, EVP & Chief Tech & Ops Officer Lefebvre Mojgan M sold 18716.0 shares on Feb 22 ’24.
