Travelers Companies Inc. (NYSE: TRV): Reassessing Prospects

Travelers Companies Inc. (TRV) concluded trading on Wednesday at a closing price of $206.58, with 5.76 million shares of worth about $1.19 billion changed hands on the day. Half year performance of the stock remained positive as price took a surge of 23.22% during that period and on April 17, 2024 the price saw a loss of about -7.41%. Currently the company’s common shares owned by public are about 228.20M shares, out of which, 228.09M shares are available for trading.

Stock saw a price change of -7.93% in past 5 days and over the past one month there was a price change of -6.91%. Year-to-date (YTD), TRV shares are showing a performance of 8.45% which increased to 20.61% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $157.33 but also hit the highest price of $232.75 during that period. The average intraday trading volume for Travelers Companies Inc. shares is 1.43 million. The stock is currently trading -8.55% below its 20-day simple moving average (SMA20), while that difference is down -6.77% for SMA50 and it goes to 10.63% higher than SMA200.

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Travelers Companies Inc. (NYSE: TRV) currently have 228.20M outstanding shares and institutions hold larger chunk of about 83.94% of that.

The stock has a current market capitalization of $47.33B and its 3Y-monthly beta is at 0.59. PE ratio of stock for trailing 12 months is 16.16, while it has posted earnings per share of $12.78 in the same period. Its PEG reads 1.04 while making debt-to-equity ratio of 0.33. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for TRV, volatility over the week remained 1.89% while standing at 1.48% over the month.

Analysts are in expectations that Travelers Companies Inc. (TRV) stock would likely to be making an EPS of $TDV in the current quarter, while forecast for next quarter EPS is $40.30 and it is $Stocks for next year. For the current quarter EPS, analysts have given the company a lowest target $TRX Gold Corporation which is $TC Energy Corporation at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $Direxion Daily Real Estate Bear in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 39.30% while it is estimated to increase by 14.49% in next year. EPS is likely to grow at an annualized rate of 15.55% for next 5-years, compared to annual growth of 6.62% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by TD Cowen on January 10, 2024 offering an Outperform rating for the stock and assigned a target price of $247 to it. Coverage by HSBC Securities stated Travelers Companies Inc. (TRV) stock as a Hold in their note to investors on December 28, 2023, suggesting a price target of $203 for the stock. Stock get a Hold rating from Deutsche Bank on October 05, 2023.

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