TRV
The Travelers Companies, Inc.
TRV's fundamentals are strong: its operating margin rose 6 points to 21% and earnings per share grew 50%. At 11x earnings, it's trading below its usual 13x. Analysts expect earnings growth.
TRV Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Strong | |
| N/A | |
| N/A |
TRV's profitability is currently strong, and its revenue is stable. Free cash flow and net leverage aren't meaningful measures for financial services companies like TRV.
TRV PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 11x | $407 | +0.9% |
| Current | 11x | $403 | — |
| Fair | 13x | $505 | +25% |
| Forward | 13x | $403 | — |
| Expensive | 16x | $603 | +50% |
Historical ranges are pointers, not guarantees.
TRV's PE is in its cheap range at 11x. On analysts' estimates for next year's earnings, today's price would be 13x, in its fair range.
TRV Forward outlook
| Metric | Outlook |
|---|---|
| Strongly deteriorating | |
| Growth | |
| Stable | |
| Improving | |
| Moderate | |
| Moderate |
Analysts expect TRV's earnings to grow and its profitability to improve, with its revenue holding steady.
TRV Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $30.64 | -19% |
| Q3 2026 | $38.04 | +50% |
| Q2 2026 | $37.24 | +65% |
| Q1 2026 | $33.51 | +82% |
| Q4 2025 | $27.43 | +28% |
| Q3 2025 | $25.43 | +30% |
| Q2 2025 | $22.61 | +43% |
| Q1 2025 | $18.37 | +36% |
| Q4 2024 | $21.47 | +68% |
TRV's earnings per share have climbed steadily: $38.04 over the past year, up 50% from the year before, and higher year over year for 12 quarters in a row.
TRV Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $12.4B | -0.5% |
| Q2 2026 | $12.2B | +0.3% |
| Q1 2026 | $11.9B | +1% |
| Q4 2025 | $12.4B | +3.5% |
| Q3 2025 | $12.5B | +4.8% |
| Q2 2025 | $12.1B | +7.4% |
| Q1 2025 | $11.8B | +5.2% |
| Q4 2024 | $12B | +9.9% |
TRV's revenue grew through 2024 and has held roughly level since: $12.4B last quarter, about level with the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 19% | +0.3 points |
| Q2 2026 | 23% | +7.3 points |
| Q1 2026 | 18% | +14 points |
| Q4 2025 | 25% | +3.4 points |
| Q3 2025 | 19% | +5.7 points |
| Q2 2025 | 16% | +9.7 points |
| Q1 2025 | 4% | -8.2 points |
| Q4 2024 | 22% | +3.1 points |
TRV's operating margin was 19% last quarter, about level with the same quarter a year ago.
TRV Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $3.9B | -8.3% |
| Q2 2026 | $1.9B | -18% |
| Q1 2026 | $2.2B | +62% |
| Q4 2025 | $2.7B | +30% |
| Q3 2025 | $4.2B | +9.1% |
| Q2 2025 | $2.3B | +39% |
| Q1 2025 | $1.4B | -6.7% |
| Q4 2024 | $2.1B | -1.9% |
TRV's free cash flow was $10.7B over the past year, up 6.9% from the year before. Free cash flow isn't a meaningful measure for financial services companies like TRV.
TRV Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.4% | -3M shares |
| 1 year | -7.4% | -16.9M shares |
| 3 years | -8.9% | -20.5M shares |
| 5 years | -16% | -39.5M shares |
| Available history | -20% | -51.7M shares |
TRV has 211M diluted shares, down 7.4% from a year ago, with $6.2B in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $1.5B |
| Q2 2026 | $1.3B |
| Q1 2026 | $1.8B |
| Q4 2025 | $1.6B |
| Q3 2025 | $619M |
| Q2 2025 | $500M |
| Q1 2025 | $250M |
| Q4 2024 | $256M |
TRV spent $6.2B buying back its own shares over the past year, about four times what it spent the year before.
TRV Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.1x | Net Cash |
| Q2 2026 | -0.1x | Net Cash |
| Q1 2026 | -0.1x | Net Cash |
| Q4 2025 | -0.1x | Net Cash |
| Q3 2025 | -0.1x | Net Cash |
| Q2 2025 | -0.1x | Net Cash |
| Q1 2025 | -0.1x | Net Cash |
| Q4 2024 | -0.1x | Net Cash |
TRV has more cash than debt. Net leverage isn't a meaningful measure for financial services companies like TRV.
TRV Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 70.5 | Overbought |
| Stochastic | 73.3 | Neutral |
TRV's weekly RSI is 70 (overbought) and its Stochastic is 73 (neutral).
TRV PE vs Financial Services Sector
| Metric | TRV | Sector median | Relative |
|---|---|---|---|
| PE | 11x | 13x | 19% below |
| PE % | 15 | 63 | 48 pts below |
TRV is trading at 11x earnings, a 19% discount to the Financial Services sector's median of 13x.
TRV Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $384.3 | 4.9% above |
| 20 week MA | $374.7 | 7.6% above |
| 50 week MA | $327.7 | 23% above |
| 100 week MA | $295.1 | 37% above |
| 200 week MA | $247.2 | 63% above |
TRV is in an uptrend: it's above all five of its weekly moving averages, and 63% above its 200-week average.
TRV Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $136.8 | $138.5 | +1.2% |
| 2021 | $138.5 | $154.7 | +12% |
| 2022 | $154.7 | $189.5 | +23% |
| 2023 | $189.5 | $190.5 | +0.5% |
| 2024 | $190.5 | $241.4 | +27% |
| 2025 | $241.4 | $292.1 | +21% |
| 2026 YTD | $292.1 | $403.2 | +38% |
TRV has finished every year since 2020 higher, and it's up 38% so far in 2026.