Travelers Companies, Inc. (TRV)
Financials · Property & Casualty Insurance · US stock · S&P 500 component
$405.44
▲ +6.49 (1.63%)
Fair valueFair
$369 −9.0% to fair value
$185fair band $314–$447$554
Day's range
$400.05 – $407.87
52-week range
$264.25 – $407.87
About Travelers Companies, Inc.
Travelers is a property and casualty insurer that sells commercial and personal coverage in the United States and in some other markets. Products include business insurance, bonds, auto, homeowners and specialty lines, sold largely through independent agents and brokers. Revenue comes from premiums paid by policyholders and from investment income earned on the premiums it holds before claims are paid, with results affected by weather and claim costs.
Revenue over the last twelve months came to $48.9 billion. Across three years, revenue grew 9.8% a year. It posts an operating margin of 22.1%, with return on invested capital of 31%. The dividend yield is 1.2%. Overall, the X-Ray Score comes to 52 out of 100. These figures describe past results as reported and are a factual snapshot, not a forecast. Some measures, such as margins for real estate trusts and banks, are defined differently from those of industrial firms, so comparisons should be made with care.
Price chart
52-wk range $264.25 – $407.87Volume 1,918,013Daily, split-adjusted
Vitals
Market cap$85.4B
52-week range$264.25 – $407.87
Volume (last day)1,918,013
P/E (TTM)10.6
EBIT / EV yield12.8%
Free-cash-flow yield–
Dividend yield1.2%
Revenue (TTM)$48.9B
Net income (TTM)$8.3B
Operating margin22.1%
Return on capital30.8%
Debt incl. leasesData missing
Cash & securities$766M
Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies that hold large long-term investments). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.
Fair value estimate
$369middle half of models $325 – $413
Fair
−9.0% to fair value
Average of the 5 valuation models that pass our checks: multiples, discounted cash flow, dividend discount and earnings power value. A model more than 100% above or 60% below the price is left out as unrealistic. Model uncertainty is High, based on how far apart the models are. Undervalued or Overvalued means the gap to fair value is more than 17.5%.
Peak-cycle earnings: the current operating margin is more than 1.5x its 7-year average, so multiples applied to today's profit may overstate value; model uncertainty is set to High
Price $405
Undervalued < $314Fair $314 – $447Overvalued > $447
P/E multiple
$413
P/B multiple
$325
P/S multiple
$343
Dividend discount, stable
$256
Dividend discount, multi-stage
$508
A model estimate, not a price target or recommendation. Inputs: risk-free 5.13%, equity risk premium 4.30% (Damodaran). How it works.
What this means
Average business, fairly priced
The price sits inside our fair-value band. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.
Before you invest · decision checklist
Ticked boxes are filled in from our data; the rest are yours to answer.
The five-lens scan
Every score explained in one sentence, ranked against Financials peers. Open a lens to see the numbers behind it.
Strong: 70 to 100Fair: 50 to 69Weak: under 50No score: not enough data
Valuation
Weak
41/100
Expensive against its sector on earnings and cash flow.
See the numbers →
EBIT / EV yield12.8%
Fair value vs price0.9×
Growth
Fair
55/100
Growing at a typical pace for its sector.
See the numbers →
Revenue growth (3y)9.8%
EPS growth (3y)32.6%
Growth consistency90%
Profitability
Fair
65/100
Returns on capital are typical for its sector.
See the numbers →
Return on invested capital30.8%
Operating margin22.1%
Financial health
Weak
49/100
Balance sheet is more stretched than most peers.
See the numbers →
Piotroski F-Score7 / 9
Interest cover23.4×
Dividends
Weak
44/100
Dividend is modest or less certain than peers.
See the numbers →
Dividend yield1.2%
Dividend growth3.8%
Quarterly results: last 6 quarters
+7.4%
Jun '25
+4.8%
Sep '25
+3.5%
Dec '25
+1.0%
Mar '26
+0.3%
Jun '26
-0.5%
Sep '26
Revenue against the same quarter a year earlier. Latest quarter revenue $12.4B, diluted EPS $9.04.
Compare with peers
PGR Progressive Corp69 HIG Hartford Insurance Gro...64 ACGL Arch Capital Group Ltd...61 CINF Cincinnati Financial C...60Other Property & Casualty Insurance companies by X-Ray Score.
SWOT analysis: Travelers Companies, Inc.
Strengthsinside the company
- Return on invested capital is 30.8%, against a median of 21.5% for industry peers.
- Earnings per share have compounded at 32.6% a year over three years.
- Operating profit covers interest 23x, so debt costs are a small drag.
- Passes 7 of the 9 Piotroski tests, which points to improving profitability, funding and efficiency.
Weaknessesinside the company
- No clear weakness in the figures we track.
Opportunitiesvaluation and setting
- Our Market Compass rates the backdrop for Financials as favourable.
- Price momentum is strong on the weekly and monthly signals (trends can reverse).
Threatsvaluation and setting
- Valuation uncertainty is high: the models give widely different values, so the fair value range is wide.
Written by fixed rules from the figures on this page and the peer table below: filings, our fair value, the sector climate and the price trend. It summarises the data, it is not a forecast or advice.
Compare TRV with peers and sector
Medians of 7 Property & Casualty Insurance peers and of 70 Financials stocks in our universe.
Largest peers (X-Ray Score): CB 50, PGR 69, ALL 54, HIG 64, ACGL 61, WRB 57.
| Metric | TRV | Peers | Sector |
|---|---|---|---|
| X-Ray Score (out of 100) | 52 | 60 | 50 |
| Valuation | 41 | 63 | 52 |
| Growth | 55 | 63 | 54 |
| Profitability | 65 | 59 | 48 |
| Financial health | 49 | 55 | 51 |
| Dividends | 44 | 62 | 54 |
Sector leaders: highest X-Ray Score in Financials
TRV ranks #32 of 71 in Financials and #7 of 8 in Property & Casualty Insurance by X-Ray Score. A higher score is stronger on our five pillars; it is a ranking of facts, not a forecast.
Green means better than the peer median, red worse (only where a higher or lower figure is clearly better). A dash means too few companies report the figure. P/E, EV/EBITDA and price changes are not graded: a different level is not good or bad by itself.
Factor ratings for TRV
Each factor is rated by where TRV stands among the 71 Financials stocks in our universe.
Rating against the sector
Goodthe top third of these stocks
Averagethe middle third of these stocks
Badthe bottom third of these stocks
"Beats" is the share of those stocks it is ahead of.
Against its own history
The last columns set today's figure against the company's own median of its last five financial years:
▲ Betterbetter than its usual level
▼ Worseworse than its usual level
≈ In linewithin its usual range
For valuation factors Good means cheaper than most of the sector and Better means cheaper than usual for this company, which is not the same as a bargain.
In total: 4 Good · 3 Average · 1 Bad of 8
Growth: 1 · 1 · 1
Profitability: 1 · 1 · 0
Valuation: 2 · 1 · 0
| Factor | TRV | Rating | Sector median | Own 5-year median | Against own history |
|---|---|---|---|---|---|
| Growth | |||||
| Revenue growth, 3 years a year | +9.8% | Average beats 64% | +8.3% | – | – |
| Revenue growth, last year | +5.2% | Bad beats 30% | +6.9% | +8.9% | ▼ Worse |
| EPS growth, 3 years a year | +32.6% | Good beats 83% | +12.7% | – | – |
| Profitability | |||||
| Net margin | 17.0% | Average beats 39% | 21.8% | 10.5% | ▲ Better |
| Return on equity | 28.7% | Good beats 85% | 15.7% | 13.2% | ▲ Better |
| Valuation | |||||
| P/E ratio | 10.2x | Good beats 83% | 13.8x | 11.1x | ≈ In line |
| Price / book | 2.9x | Average beats 35% | 2.2x | 2.0x | ▼ Worse |
| Price / sales | 1.7x | Good beats 78% | 3.1x | 1.2x | ▼ Worse |
These ratings compare companies with each other and describe the past; they are not a forecast, a recommendation or part of the X-Ray Score. A factor is left out when its data is missing or meaningless (for example a P/E on negative earnings), and banks and insurers are rated only on the factors that apply to them. A dash in the history columns means fewer than three usable years.
Fundamentals checklist
● 3 Good · ● 5 Average · ● 2 BadCash quality
Earnings backed by cashAverage
Risk models
Piotroski F-ScoreAverage
Growth
EPS growth (3y)Good
Revenue growth (3y)Average
Growth consistencyAverage
Balance sheet
Interest coverAverage
Valuation
Fair value vs priceBad
EBIT / EV yieldGood
Profitability
Return on invested capitalGood
Operating marginBad
Each check is graded against the company's sector, not a fixed number. Checklist score 55/100.
Financials
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Revenue | $34.8B | $36.9B | $41.4B | $46.4B | $48.8B |
| Operating income | $4.8B | $3.7B | $3.7B | $6.6B | $8.2B |
| Net income | $3.7B | $2.8B | $3.0B | $5.0B | $6.3B |
| Operating cash flow | $7.3B | $6.5B | $7.7B | $9.1B | $10.6B |
| Operating margin | 13.8% | 10.0% | 9.1% | 14.2% | 16.8% |
| Free cash flow | – | – | – | – | – |
| Diluted EPS | $14.49 | $11.77 | $12.79 | $21.47 | $27.43 |
Fiscal years, from SEC filings.
Technical summary
Daily
Bullish
12 bullish · 0 neutral · 4 bearish
Weekly
Strongly bullish
11 bullish · 0 neutral · 1 bearish
Monthly
Strongly bullish
7 bullish · 0 neutral · 1 bearish
Moving averages (daily)
| SMA 10 | 385.1 | Bullish |
| EMA 10 | 387.7 | Bullish |
| SMA 20 | 373.5 | Bullish |
| EMA 20 | 379.7 | Bullish |
| SMA 50 | 370.4 | Bullish |
| EMA 50 | 370.4 | Bullish |
| SMA 100 | 355.4 | Bullish |
| EMA 100 | 356.0 | Bullish |
| SMA 200 | 324.5 | Bullish |
| EMA 200 | 333.0 | Bullish |
Oscillators (daily)
| RSI (14) | 77.39 | Bearish |
| MACD (12, 26) | 8.18 | Bullish |
| Momentum (12) | 12.42 | Bullish |
| Stochastic %K (14) | 95.22 | Bearish |
| Williams %R (14) | -4.78 | Bearish |
| CCI (20) | 186.8 | Bearish |
Pivot points (classic, last session)
S3 393.2 | S2 396.6 | S1 401.0 | Pivot 404.5 | R1 408.9 | R2 412.3 | R3 416.7 |
Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.
Dividends
Paid, last 12 months
4.70 USD
Yield on today's price
1.16%
Frequency
Quarterly
Next ex-dividend date
10 Dec 2026
| Ex-dividend date | Amount per share |
|---|---|
| (upcoming) | 1.2500 |
| 1.2500 | |
| 1.2500 | |
| 1.1000 | |
| 1.1000 | |
| 1.1000 | |
| 1.1000 | |
| 1.0500 | |
| 1.0500 | |
| 1.0500 | |
| 1.0500 | |
| 1.0000 |
Ex-dividend dates and amounts from EODHD. Shown as declared, before tax.
ETFs that hold TRV
| ETF | Share of the fund |
|---|---|
| DDM ProShares Ultra Dow30 | 2.53% |
| RDVI FT Cboe Vest Rising Dividend Achievers... | 2.27% |
| MFSV MFS Active Value | 2.24% |
| RDVY First Trust Rising Dividend Achievers | 2.00% |
| KIE SPDR S&P Insurance | 1.95% |
| UDOW ProShares UltraPro Dow30 | 1.93% |
| PWV Invesco Dynamic Large Cap Value | 1.62% |
| NULV Nuveen ESG Large-Cap Value | 1.61% |
The eight funds with the largest weight in TRV among the ETFs we cover, from each fund's latest SEC Form N-PORT (quarter-end positions, so they can be months old). All ETFs.
TRV stock splits
TRV has split its stock 2 times since 1994. The latest was a 2-for-1 split on 12 May 1998.
Full TRV stock split history →TRV SEC filings
10-QSEC EDGAR
Quarterly report
8-KSEC EDGAR
Results of operations
8-KSEC EDGAR
Director or officer change
8-KSEC EDGAR
Other events
10-QSEC EDGAR
Quarterly report
8-KSEC EDGAR
Results of operations
8-KSEC EDGAR
Director or officer change; Shareholder vote results
8-KSEC EDGAR
Other events
Where the numbers come from
Statements SEC EDGAR filings (10-K, 10-Q), quarters derived from year-to-date figures.
Prices end-of-day closes, split-adjusted.
Industry inputs beta, multiples and equity risk premium from Damodaran Online (NYU Stern).
StocksXray is for education only and is not financial advice. Scores and fair values are model estimates from public filings and carry uncertainty.