Reading the tape
NYSE: TRV
The Travelers Companies, Inc.
Financial Services · Insurance - Property & Casualty
Market Cap
$64.08B
52w High
$313.12
52w Low
$249.19
P/E
8.53
Volume
934.02K
Outstanding Shares
212.64M
Price vs Fundamentals
Why The Stock Is Moving
Fundamentals are supporting the moveHigh confidence
1Y Price: 13.2%Revenue (TTM): 4.11%FCF (TTM): 27.5%P/FCF: 33rd pct
What changed
The stock rose 13.2% over the last year. Revenue grew 4.11% over the trailing twelve months. Operating margin moved from 11.23% to 19.3%. Free cash flow grew 27.5% over the trailing twelve months.
What the market seems to be pricing
The stock move broadly lines up with stronger business momentum, and the shares are still only around the 33rd percentile of their historical P/FCF range.
What would invalidate this read
Operating margin is at 19.3%. Revenue grew 4.11% — this thesis depends on that trajectory holding. If revenue growth, margins, or free cash flow roll over while the stock keeps climbing, more of the move would be coming from multiple expansion than business progress.
Company profile
The Travelers Companies, Inc., through its subsidiaries, provides a range of commercial and personal property, and casualty insurance products and services to businesses, government units, associations, and individuals in the United states and internationally.
CEOAlan David Schnitzer
SectorFinancial Services
IndustryInsurance - Property & Casualty
Employees34,000
IPO dateNov 17, 1975
Valuation
Forward P/E—
EV/EBITDA8.27
Enterprise value$73.59B
Price / Book1.95
Stock splits
May 12, 1998↑ Forward
Every 1 shares became 2
Jun 7, 1994↑ Forward
Every 1 shares became 2
Jun 9, 1986↑ Forward
Every 1 shares became 2
Profitability & growth
Standard profitability metrics can be misleading for financial/insurance companies. GAAP requires unrealized investment gains/losses in net income (affecting ROE), and margins are blended across diverse business segments.
Revenue growth0.97%
Gross margin44.02%▲65.74%vs FY2024
Operating margin19.3%▲19.95%vs FY2024
ROE19.12%▲6.55%vs FY2024
Analyst consensus
RatingHold
Target price$313.00▲3.87%
13
Buy
27
Hold
3
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
Jul 16, 2026
Q3 FY26 · EPS est $4.85 · Revenue est $11.28B
View
Dividends
$4.55/shareQuarterlyDividend Achiever · 21yrSafeTRV pays a dividend with a 1.51% declared yield, 21 consecutive years of growth, growing at 5.81% annually, covered 10.8× by free cash flow.
Declared Yield
1.51%
Annual Div / Share
$4.55
TTM $4.40
5yr CAGR
+5.81%
Doubles every ~12.3yr
Payout Ratio
12.84%
Safe
Dividend Growth Rate
3yr CAGR
+6.28%
5yr CAGR
+5.81%
10yr CAGR
+6.17%
Dividend Safety
10/10Safe
Dividend History
Annualized dividend cycles per share
YearAnnual DivYoY
2026$4.55+7.1%
2025$4.25+4.9%
2024$4.05+6.9%
2023$3.79+6.2%
2022$3.57+4.1%
2021$3.43+3.6%
2020$3.31+5.8%
Income Projection
Invest
$
Growth rate:
Reinvest dividends
Today
$15/yr
$1/mo
In 5 yrs
$20/yr+33%
$2/mo
In 10 yrs
$27/yr+76%
$2/mo
| Today | In 5 yrs | In 10 yrs |
|---|---|---|
$15/yr $1/mo | $20/yr+33% $2/mo | $27/yr+76% $2/mo |
Yield-on-cost grows from 1.51% → 2.66% over 10yr
Analysis
Dividend Strengths
Dividend Achiever
TRV has raised its dividend for 21 consecutive years — qualifying as a Dividend Achiever, demonstrating long-term commitment to shareholder income.
Well-covered by free cash flow
The dividend is covered 10.8× by free cash flow, indicating the company generates sufficient cash to sustain and potentially grow the payout without straining its finances.
Strong dividend growth rate
The 5-year CAGR of 5.81% meaningfully outpaces inflation, compounding real income growth for long-term holders.
Risks to Watch
No strong risk signal stands out from the latest period pair.