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Wednesday, September 30, 2020

The Travelers Companies Inc. (NYSE:TRV) is Holding Steady

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The The Travelers Companies Inc. (TRV) shares are trading at lower $118.28 and the avg recommendation for the stock is Moderate Buy. while the current analyst price target stands at $119.53.

To add more color to this target, the company’s high over the last year is $153.65 and the low is $76.99. Over the last 52 weeks, TRV is down -23.02% while the S&P 500 is down -0.64%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, TRV reported a profit of $-85.0 million. The Travelers Companies Inc. also saw revenues decrease to $7.4 billion. In addition, TRV has free cash flow of $2.27 billion as of 06-2020. The company’s EBITDA came in at $1.36 billion which compares well with its peers.

TRV booked profit margins of 5.80%, its Return on Equity (ROE) is 7.00%, and its Return on Assets is 1.60%. All told, it is clear that, TRV needs to be on your watchlist.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. TRV has a short ratio of 2.67 and outstanding shares of 251.60M.

Company Outlook

TRV has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 1.45 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 7.01. Investors should also keep an eye on sector updates as TRV has historically followed its peers on positive news.

All told, The Travelers Companies Inc. TRV has strung together solid data and demonstrated underlying fundamentals. At its current valuation, TRV represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

The Travelers Companies Inc. TRV is now commanding a market cap of 29.99B and a float of 251.46M. TRV is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of TRV stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in TRV, either long or short, and we have not been compensated for this article.

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