The Travelers Companies Inc. [NYSE:TRV] will report earnings after markets close on Thursday, January 21st.
TRV Earnings Forecast For The Current Quarter
The Travelers Companies Inc. [TRV] is expected to report weak earnings results for the quarter ending on Dec 2020. Consensus estimates give the company expected revenues of $7.27B and an earnings per share of $3.18 for Dec 2020. Looking further ahead, the company is expected to report revenue of $7.58B at an EPS of $2.82 for Mar 2021. The estimates represent upside of 5.00% and 19.75% in the company’s revenue and earnings per share, respectively, on a year-on-year basis.
TRV Earnings Estimates For The Current Year
For the financial year, The Travelers Companies Inc. [NYSE:TRV] is expected to bring in revenue of $29.73B. The returns are nearly $580.0 million higher than the company’s actual revenue recorded in the fiscal year 2019. In terms of EPS for the 2020, estimate put it at 8.74, lower than that of FY19 by -$0.86. Estimates put this year’s earnings growth at -9.00%, 19.50% for the next, and at an annual 4.12% over the next 5-year period. As for sales, forecasts are for an increase of 2.00% in the current fiscal year and a further 5.00% over the following year.
TRV Price Performance
On Wall Street, The Travelers Companies Inc. [NYSE:TRV] finished Tuesday’s session up 0.19% at $143.51. The stock went up to $144.29 at the same session while its lowest single day price was $142.0401. In the last five days, it saw a rise of about 4.42%, The Travelers Companies Inc. shares gained by almost 2.24% since the beginning of the year. However, the share price has dropped to as low as -0.42% below its one year high. On 01/19/21, the company shares recorded $144.29, the highest single-day price it has got to in the last 52-weeks and a 52-week low was seen on 01/05/21, the same year at $133.12. The company’s shares have inclined by 1.98% in the past year. The 50-day SMA achieved is $136.35 while the 200-day SMA is $117.70. Volume dropped to 1.62 million from 1.92 million in the previous session.
The Travelers Companies Inc. [TRV] Valuation Measures
Notably, The Travelers Companies Inc. [TRV] stock cannot be classified as a good candidate in the listing of underestimated low-priced Insurance – Property & Casualty companies to purchase soonest possible with the prevailing 12-month PE ratio of 16.43. The measure means the stock is exchanging at a premium as compared to the 13.76x trailing earnings of the industry. It can be helpful for investors to consider historical price-sales ratio, more specifically, a 1.14 PS value ratio is reported for the last one year of reported earnings. That is higher than the industry average of 1.14 which means TRV serve an unattractive investment opportunity compared to its competitors.
TRV Stock Support And Resistance Levels
On the 24-hour scale, the immediate backing is perceived around 143.51 level, and in case of violation of this particular level, it will cause more drop to 142.27 level. On the upper level, 146.77 is still the key resistance. The stock may increase to the subsequent resistance at 145.53. The Relative Strength Index (RSI) pinned on the 14-day chart is 63.63, implying a neutral technical stance while the MACD stands at 3.38, meaning price will increase in the next trading period. Percent R indicator moved to 6.98%, implying bullish price movement. Stochastic %K at 92.34% suggest selling the stock.
Is The Travelers Companies Inc. [NYSE:TRV] a Good Buy Right Now?
It should be noted that TRV technical indicators for short, intermediate as well as long term progress have placed an overall average of 100% as Buy. The average signal changed from 80% Buy in the last week and compares with 100% Buy in the past month. Data from The Travelers Companies Inc.’s Trend Spotter indicated that the signals were Weakening. The stock current average is 1.34 million shares in the past 20 days and the short term average signal indicates a 100% Buy. In the last 50 days, the average trading volume was 1.31 million shares while the medium term average advocated for 100% Buy. The average long-term signal stands at 100% Buy and the 100-day average volume stands at 1.44 million shares.
What is the short interest in The Travelers Companies Inc.?
Short interest in the The Travelers Companies Inc. stock has surged, increasing by 0.12 million shares to total 6.02 million shares on Dec 30, 2020. The interest had seen shares on Nov 29, 2020 stand at 6.14 million, data from Yahoo Finance shows. The decrease of -1.99% suggests the stock saw some decreased bullish sentiment. The stock’s days to cover moved to short ratio while the shorted shares account for just 2.38% of the overall float for the stock.
The Travelers Companies Inc.’s Biggest Shareholders: Who Owns The Travelers Companies Inc. [TRV]?
Filings by The Vanguard Group, Inc. showed that the firm now holds a total of 20,639,523 shares or roughly 8.15% of the outstanding TRV shares. This means their shares have reduced by -254,579 from the 20,639,523 the investor reportedly held in its prior 13-F filing. With the conclusion of the sale, SSgA Funds Management, Inc. updated stake is worth $2,372,502,297. Details in the latest 13F filings reveal that Capital Research & Management Co acquired their 17.22% stake valued at $2,060,518,883 while BlackRock Fund Advisors cut theirs at $1,837,112,308. During the last quarter, Capital Research & Management Co raised 2,156,501 of its shares in The Travelers Companies Inc. while BlackRock Fund Advisors sold -20,491 shares. The Massachusetts Financial Services’s holdings currently number 12,325,111 shares at $1768776679.61. According to the firm’s last 13F report, Fidelity Management & Research Co shares in the company at filing stood at 10,684,889 shares, roughly $1,499,837,869.
What are analyst thoughts on The Travelers Companies Inc.?
Looking forward to the The Travelers Companies Inc. share price prediction, we can see that analysts, surveyed by FactSet, offer the mean price target for The Travelers Companies Inc. stock at $142.50 within the next 12 months, which represents almost -0.71 per cent growth from its previous closing price of $143.51. The highest analysts’ target for The Travelers Companies Inc. stock projections is $160.00 and the lowest one is $122.00. Still, 22 analysts sharing their consensus rating for TRV stock in 2021 agree that it is a Hold.