Travelers Companies
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. The last earnings update was 34 days ago. More info.
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TRV Share Price and Events
7 Day Returns
1 Year Returns
TRV Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Travelers Companies (TRV) | 0.6% | 8% | 13.6% | 12.7% | 29.9% | 57.8% |
| US Insurance | 2.2% | 3.3% | 6.1% | 7.1% | 32.9% | 46.2% |
| US Market | 1.6% | -1.7% | 2.1% | 2.6% | 38.5% | 41.4% |
1 Year Return vs Industry and Market
- TRV outperformed the Insurance industry which returned 7.1% over the past year.
- TRV outperformed the Market in United States of America which returned 2.6% over the past year.
Value
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
Travelers Companies
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Travelers Companies.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | Excess Returns Model | |
| Stable EPS |
Weighted future Return on Equity estimates from 12 analysts.
= Stable Book Value * Return on Equity = $100.10 * 12.2% |
$12.20 |
| Book Value of Equity per Share | Weighted future Book Value estimates from 11 analysts. | $100.10 |
| Discount Rate (Cost of Equity) | See below | 8.1% |
| Perpetual Growth Rate | 10-Year US Government Bond Rate | 2.7% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year US Govt Bond Rate | 2.7% |
| Equity Risk Premium | S&P Global | 6% |
| Insurance Unlevered Beta | Simply Wall St/ S&P Global | 0.74 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.735 (1 + (1- 21%) (19.27%)) |
0.897 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
0.9 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.897 * 5.96%) |
8.08% |
Discounted Cash Flow Calculation for NYSE:TRV using Excess Returns Model Model
The calculations below outline how an intrinsic value for Travelers Companies is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.
In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.
The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.
Note the calculations below are per share.
See our documentation to learn about this calculation.
| Calculation | Result | |
|---|---|---|
| Excess Returns |
= (Stable Return on equity – Cost of equity) (Book Value of
Equity per share)
= (12.2% – 8.08%) * $100.10) |
$4.11 |
| Terminal Value of Excess Returns |
= Excess Returns / (Cost of Equity -
Expected Growth Rate)
= $4.11 / (8.08% - 2.73%) |
$76.88 |
| Value of Equity |
= Book Value per share + Terminal Value of
Excess Returns
= $100.10 + $76.88 |
$176.98 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $176.98 |
| Current discount | Discount to share price of
$147.47
= -1 x ($147.47 - $176.98) / $176.98 |
16.7% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- Travelers Companies's share price is below the future cash flow value, but not at a moderate discount (< 20%).
- Travelers Companies's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for Travelers Companies's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Travelers Companies's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2019-03-31) in USD | $9.91 |
| NYSE:TRV Share Price ** | NYSE (2019-05-21) in USD | $147.47 |
| United States of America Insurance Industry PE Ratio | Median Figure of 90 Publicly-Listed Insurance Companies | 16.89x |
| United States of America Market PE Ratio | Median Figure of 3,087 Publicly-Listed Companies | 17.74x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Travelers Companies.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NYSE:TRV Share Price ÷ EPS (both in USD) = 147.47 ÷ 9.91 |
14.87x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Travelers Companies is good value based on earnings compared to the US Insurance industry average.
- Travelers Companies is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does
Travelers Companies's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 14.87x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 16 Analysts |
2.5%per year |
| United States of America Insurance Industry PEG Ratio | Median Figure of 67 Publicly-Listed Insurance Companies | 1.54x |
| United States of America Market PEG Ratio | Median Figure of 2,123 Publicly-Listed Companies | 1.53x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 14.87x ÷ 2.5% |
5.92x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Travelers Companies is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on
Travelers Companies's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2019-03-31) in USD | $92.94 |
| NYSE:TRV Share Price * | NYSE (2019-05-21) in USD | $147.47 |
| United States of America Insurance Industry PB Ratio | Median Figure of 119 Publicly-Listed Insurance Companies | 1.2x |
| United States of America Market PB Ratio | Median Figure of 5,202 Publicly-Listed Companies | 1.84x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NYSE:TRV Share Price ÷ Book Value per Share (both in USD) = 147.47 ÷ 92.94 |
1.59x |
* Primary Listing of Travelers Companies.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Travelers Companies is overvalued based on assets compared to the US Insurance industry average.
Value checks
We assess Travelers Companies's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Insurance industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Insurance industry average (and greater than 0)? (1 check) Travelers Companies has a total score of 2/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
Future Performance
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- Travelers Companies's earnings growth is positive but not above the low risk savings rate of 2.7%.
Growth vs Market Checks
- Travelers Companies's earnings growth is positive but not above the United States of America market average.
- Travelers Companies's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| NYSE:TRV Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 16 Analysts | 2.5% |
| NYSE:TRV Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 16 Analysts | 2.4% |
| United States of America Insurance Industry Earnings Growth Rate | Market Cap Weighted Average | 9.7% |
| United States of America Insurance Industry Revenue Growth Rate | Market Cap Weighted Average | 3.3% |
| United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 13.8% |
| United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7.3% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (1 month ago) | See Below |
| Future Estimates | Average of up to 16 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-12-31 | 30,221 | 3,077 | 1 | |
| 2020-12-31 | 29,498 | 5,007 | 3,048 | 11 |
| 2019-12-31 | 28,268 | 4,783 | 3,018 | 11 |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2019-03-31 | 30,667 | 4,465 | 2,631 |
| 2018-12-31 | 30,282 | 4,380 | 2,504 |
| 2018-09-30 | 29,937 | 3,709 | 2,435 |
| 2018-06-30 | 29,539 | 3,706 | 2,022 |
| 2018-03-31 | 29,246 | 3,854 | 2,092 |
| 2017-12-31 | 28,902 | 4,148 | 2,041 |
| 2017-09-30 | 28,518 | 4,624 | 2,431 |
| 2017-06-30 | 28,154 | 4,663 | 2,850 |
| 2017-03-31 | 27,755 | 4,200 | 2,919 |
| 2016-12-31 | 27,499 | 4,469 | 2,992 |
| 2016-09-30 | 27,110 | 3,823 | 2,914 |
| 2016-06-30 | 26,947 | 3,852 | 3,126 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (1 month ago) | See Below |
| Future Estimates | Average of up to 16 Analyst Estimates (S&P Global) | See Below |
All data from Travelers Companies Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-12-31 | 12.80 | 13.32 | 12.28 | 2.00 |
| 2020-12-31 | 12.03 | 12.90 | 11.10 | 14.00 |
| 2019-12-31 | 11.43 | 12.01 | 10.76 | 12.00 |
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2019-03-31 | 9.91 |
| 2018-12-31 | 9.36 |
| 2018-09-30 | 9.03 |
| 2018-06-30 | 7.44 |
| 2018-03-31 | 7.64 |
| 2017-12-31 | 7.39 |
| 2017-09-30 | 8.73 |
| 2017-06-30 | 10.13 |
| 2017-03-31 | 10.26 |
| 2016-12-31 | 10.39 |
| 2016-09-30 | 9.97 |
| 2016-06-30 | 10.50 |
*GAAP earnings excluding extraordinary items.
Future performance checks
We assess Travelers Companies's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Travelers Companies has a total score of 0/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
Past Performance
How has Travelers Companies performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- Travelers Companies's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
- Travelers Companies's 1-year earnings growth exceeds its 5-year average (25.8% vs -11.3%)
- Travelers Companies's earnings growth has exceeded the US Insurance industry average in the past year (25.8% vs 6.6%).
Earnings and Revenue History
All data from Travelers Companies Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2019-03-31 | 30,667.00 | 2,631.00 | 4,292.00 | |
| 2018-12-31 | 30,282.00 | 2,504.00 | 4,297.00 | |
| 2018-09-30 | 29,937.00 | 2,435.00 | 4,318.00 | |
| 2018-06-30 | 29,539.00 | 2,022.00 | 4,304.00 | |
| 2018-03-31 | 29,246.00 | 2,092.00 | 4,236.00 | |
| 2017-12-31 | 28,902.00 | 2,041.00 | 4,170.00 | |
| 2017-09-30 | 28,518.00 | 2,431.00 | 4,134.00 | |
| 2017-06-30 | 28,154.00 | 2,850.00 | 4,146.00 | |
| 2017-03-31 | 27,755.00 | 2,919.00 | 4,155.00 | |
| 2016-12-31 | 27,499.00 | 2,992.00 | 4,154.00 | |
| 2016-09-30 | 27,110.00 | 2,914.00 | 4,145.00 | |
| 2016-06-30 | 26,947.00 | 3,126.00 | 4,116.00 | |
| 2016-03-31 | 26,872.00 | 3,273.00 | 4,094.00 | |
| 2015-12-31 | 26,815.00 | 3,414.00 | 4,094.00 | |
| 2015-09-30 | 26,920.00 | 3,585.00 | 4,094.00 | |
| 2015-06-30 | 27,008.00 | 3,575.00 | 4,097.00 | |
| 2015-03-31 | 27,083.00 | 3,447.00 | 4,066.00 | |
| 2014-12-31 | 27,174.00 | 3,665.00 | 3,964.00 | |
| 2014-09-30 | 27,116.00 | 3,616.00 | 3,878.00 | |
| 2014-06-30 | 26,662.00 | 3,562.00 | 3,781.00 | |
| 2014-03-31 | 26,460.00 | 3,801.00 | 3,711.00 | |
| 2013-12-31 | 26,080.00 | 3,646.00 | 3,757.00 | |
| 2013-09-30 | 25,820.00 | 2,967.00 | 3,709.00 | |
| 2013-06-30 | 25,900.00 | 2,966.00 | 3,679.00 | |
| 2013-03-31 | 25,676.00 | 2,544.00 | 3,641.00 | |
| 2012-12-31 | 25,740.00 | 2,454.00 | 3,610.00 | |
| 2012-09-30 | 25,636.00 | 2,765.00 | 3,587.00 | |
| 2012-06-30 | 25,531.00 | 2,239.00 | 3,543.00 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- Travelers Companies has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Travelers Companies used its assets more efficiently than the US Insurance industry average last year based on Return on Assets.
- Travelers Companies's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess Travelers Companies's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Insurance industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Travelers Companies has a total score of 3/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
Health
How is Travelers Companies's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up Travelers Companies's finances.
The net worth of a company is the difference between its assets and liabilities.
- Travelers Companies's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
- Travelers Companies's cash and other short term assets cover its long term commitments.
Balance sheet
Assets
Liabilities and shares
- Low level of unsold assets.
- Debt is covered by short term assets, assets are 3.5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from Travelers Companies Company Filings, last reported 1 month ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2019-03-31 | 24,340.00 | 7,441.00 | 4,451.00 |
| 2018-12-31 | 22,894.00 | 6,564.00 | 4,358.00 |
| 2018-09-30 | 22,460.00 | 6,564.00 | 4,796.00 |
| 2018-06-30 | 22,623.00 | 6,464.00 | 4,107.00 |
| 2018-03-31 | 22,979.00 | 6,963.00 | 4,883.00 |
| 2017-12-31 | 23,731.00 | 6,571.00 | 5,239.00 |
| 2017-09-30 | 23,738.00 | 6,921.00 | 6,238.00 |
| 2017-06-30 | 23,858.00 | 6,920.00 | 5,620.00 |
| 2017-03-31 | 23,612.00 | 6,438.00 | 5,066.00 |
| 2016-12-31 | 23,221.00 | 6,437.00 | 5,172.00 |
| 2016-09-30 | 24,439.00 | 6,436.00 | 5,072.00 |
| 2016-06-30 | 24,714.00 | 6,436.00 | 4,253.00 |
| 2016-03-31 | 24,166.00 | 6,344.00 | 4,948.00 |
| 2015-12-31 | 23,598.00 | 6,344.00 | 5,051.00 |
| 2015-09-30 | 24,033.00 | 6,743.00 | 5,472.00 |
| 2015-06-30 | 24,121.00 | 6,350.00 | 4,241.00 |
| 2015-03-31 | 24,847.00 | 6,349.00 | 4,798.00 |
| 2014-12-31 | 24,836.00 | 6,349.00 | 4,738.00 |
| 2014-09-30 | 25,321.00 | 6,348.00 | 5,400.00 |
| 2014-06-30 | 25,532.00 | 6,347.00 | 4,129.00 |
| 2014-03-31 | 25,387.00 | 6,347.00 | 4,294.00 |
| 2013-12-31 | 24,796.00 | 6,346.00 | 4,176.00 |
| 2013-09-30 | 24,811.00 | 6,346.00 | 5,674.00 |
| 2013-06-30 | 24,890.00 | 5,852.00 | 3,702.00 |
| 2013-03-31 | 25,596.00 | 5,851.00 | 3,611.00 |
| 2012-12-31 | 25,405.00 | 6,350.00 | 3,813.00 |
| 2012-09-30 | 25,905.00 | 6,350.00 | 3,903.00 |
| 2012-06-30 | 25,049.00 | 6,349.00 | 3,505.00 |
- Travelers Companies's level of debt (30.6%) compared to net worth is satisfactory (less than 40%).
- The level of debt compared to net worth has increased over the past 5 years (25% vs 30.6% today).
- Debt is well covered by operating cash flow (60%, greater than 20% of total debt).
- Interest payments on debt are well covered by earnings (EBIT is 10x coverage).
Financial health checks
We assess Travelers Companies's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Travelers Companies has a total score of 4/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
Dividends
What is Travelers Companies's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
$2,000 of
Travelers Companies
shares you are expected to receive
$44
in your first year as a dividend.
Dividend Amount
- Travelers Companies's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.46%).
- Travelers Companies's dividend is below the markets top 25% of dividend payers in United States of America (3.72%).
Upcoming dividend payment
Purchase Travelers Companies before the 'Buy Limit' to receive their next dividend payment.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 16 Analyst Estimates (S&P Global) | See Below |
| United States of America Insurance Industry Average Dividend Yield | Market Cap Weighted Average of 80 Stocks | 2.2% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 2003 Stocks | 2.5% |
| United States of America Minimum Threshold Dividend Yield | 10th Percentile | 0.8% |
| United States of America Bottom 25% Dividend Yield | 25th Percentile | 1.5% |
| United States of America Top 25% Dividend Yield | 75th Percentile | 3.7% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in $) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2021-12-31 | 3.69 | 5.00 |
| 2020-12-31 | 3.44 | 16.00 |
| 2019-12-31 | 3.24 | 14.00 |
| Date (Data in $) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-04-18 | 3.280 | 2.298 |
| 2019-02-14 | 3.080 | 2.300 |
| 2019-01-22 | 3.080 | 2.453 |
| 2018-10-18 | 3.080 | 2.498 |
| 2018-07-19 | 3.080 | 2.381 |
| 2018-04-24 | 3.080 | 2.404 |
| 2017-10-19 | 2.880 | 2.106 |
| 2017-07-20 | 2.880 | 2.306 |
| 2017-04-20 | 2.880 | 2.322 |
| 2017-02-16 | 2.680 | 2.202 |
| 2017-01-24 | 2.680 | 2.262 |
| 2016-07-21 | 2.680 | 2.320 |
| 2016-04-21 | 2.680 | 2.361 |
| 2016-02-11 | 2.440 | 2.165 |
| 2016-01-21 | 2.440 | 2.323 |
| 2015-10-20 | 2.440 | 2.183 |
| 2015-07-21 | 2.440 | 2.378 |
| 2015-04-21 | 2.440 | 2.414 |
| 2014-10-21 | 2.200 | 2.090 |
| 2014-07-22 | 2.200 | 2.368 |
| 2014-04-22 | 2.200 | 2.359 |
| 2013-10-22 | 2.000 | 2.331 |
| 2013-07-23 | 2.000 | 2.405 |
| 2013-04-23 | 2.000 | 2.397 |
| 2012-10-18 | 1.840 | 2.401 |
| 2012-07-19 | 1.840 | 2.788 |
| 2012-04-19 | 1.840 | 2.916 |
| 2012-01-24 | 1.640 | 2.790 |
| 2011-10-19 | 1.640 | 2.858 |
| 2011-08-02 | 1.640 | 3.283 |
| 2011-04-21 | 1.640 | 2.748 |
| 2011-02-02 | 1.440 | 2.437 |
| 2010-11-04 | 1.440 | 2.600 |
| 2010-08-04 | 1.440 | 2.772 |
| 2010-04-23 | 1.440 | 2.873 |
| 2010-02-03 | 1.320 | 2.508 |
| 2009-10-22 | 1.320 | 2.608 |
| 2009-08-05 | 1.200 | 2.482 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Dividends per share have been stable in the past 10 years.
- Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of
Travelers Companies's earnings are
paid
to the shareholders as a dividend.
- Dividends paid are well covered by earnings (3.2x coverage).
- Dividends after 3 years are expected to be well covered by earnings (3.4x coverage).
Income/ dividend checks
We assess Travelers Companies's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Travelers Companies afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Travelers Companies has a total score of 5/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
Management
CEO
| COMPENSATION | $14,648,213 |
| AGE | 52 |
| TENURE AS CEO | 3.4 years |
CEO Bio
Mr. Alan David Schnitzer is Chairman of the Board of Travelers Companies, Inc. since August 2017 and Chief Executive Officer and Director since December 2015. Mr. Schnitzer joined the Travelers Companies in April 2007 as Vice Chairman and Chief Legal Officer from April 2007 until May 2008. He previously served as Vice Chairman and Chief Executive Officer of Business and International Insurance from July 2014. Mr. Schnitzer served in various positions : Vice Chairman of Financial, Professional & International Insurance and Field Management; Chief Legal Officer from May 2012 until July 2014 and Vice Chairman and Chief Legal Officer and Executive Vice President of Financial, Professional and International Insurance from May 2008 until May 2012 at Travelers Companies Inc. He served as the Company's lead outside counsel as a Partner in the law firm of Simpson Thacher & Bartlett LLP, where he advised corporate clients on a variety of transactions and general corporate law matters. He serves as Vice Chairman of the Advisory Board for the Penn Institute for Urban Research. He also serves on the Board of Directors of New York City Ballet, Memorial Sloan Kettering Cancer Center, Partnership for New York City and Connecticut Council for Education Reform. In addition, he is a member of the Council on Foreign Relations, the Economic Club of New York and The Business Council. He earned his undergraduate degree in finance and accounting from The Wharton School of the University of Pennsylvania and his J.D. from Columbia Law School.
CEO Compensation
- Alan's compensation has been consistent with company performance over the past year, both up more than 20%.
- Alan's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure
Average tenure and age of the Travelers Companies management team in years:
- The tenure for the Travelers Companies management team is about average.
Management Team
Alan Schnitzer
Chairman & CEO
$15M
52
3.4 yrs
Dan Frey
Executive VP & CFO
$2M
53
0.7 yrs
Bill Heyman
Vice Chairman & Chief Investment Officer
$7M
69
17 yrs
Avrohom Kess
Vice Chairman & Chief Legal Officer
$6M
49
2.4 yrs
Jay Benet
Vice Chairman
$6M
65
0.7 yrs
Greg Toczydlowski
Executive VP & President of Business Insurance
$5M
51
9.8 yrs
Mojgan Lefebvre
Executive VP
52
0.1 yrs
Andy Bessette
Executive VP & Chief Administrative Officer
64
17.3 yrs
Abbe Goldstein
Senior Vice President of Investor Relations
1 yrs
Christine Kalla
Executive VP
Board of Directors Tenure
Average tenure and age of the Travelers Companies board of directors in years:
- The tenure for the Travelers Companies board of directors is about average.
Board of Directors
Alan Schnitzer
Chairman & CEO
$15M
52
1.8 yrs
Ken Duberstein
Director
$326K
73
21 yrs
John Dasburg
Lead Independent Director
$340K
75
1.8 yrs
Janet Dolan
Director
$325K
68
18 yrs
Don Shepard
Director
$330K
71
9.4 yrs
William Kane
Director
$330K
67
7 yrs
Todd Schermerhorn
Director
$330K
57
3 yrs
Laurie Thomsen
Independent Director
$305K
61
15.1 yrs
Clarence Otis
Director
$305K
62
1.8 yrs
Patricia Higgins
Director
$305K
68
12 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 02. May 19 | Sell | Douglas Russell | Individual | 30. Apr 19 | 30. Apr 19 | -2,040 | $142.51 | $-290,714 | ||
| 29. Apr 19 | Sell | Douglas Russell | Individual | 26. Apr 19 | 26. Apr 19 | -2,991 | $140.00 | $-418,740 | ||
| 27. Feb 19 | Sell | Gregory Toczydlowski | Individual | 26. Feb 19 | 26. Feb 19 | -4,450 | $132.57 | $-589,950 | ||
| 25. Feb 19 | Sell | Michael Klein | Individual | 22. Feb 19 | 22. Feb 19 | -4,850 | $131.26 | $-636,621 | ||
| 25. Feb 19 | Sell | William Heyman | Individual | 22. Feb 19 | 22. Feb 19 | -8,138 | $130.57 | $-1,062,579 | ||
| 29. Jan 19 | Sell | William Heyman | Individual | 25. Jan 19 | 25. Jan 19 | -8,323 | $125.54 | $-1,044,869 | ||
| 15. Nov 18 | Sell | Andy Bessette | Individual | 14. Nov 18 | 14. Nov 18 | -1,666 | $126.17 | $-210,199 | ||
| 21. Aug 18 | Sell | Andy Bessette | Individual | 17. Aug 18 | 17. Aug 18 | -1,500 | $130.76 | $-196,137 | ||
Management checks
We assess Travelers Companies's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Travelers Companies has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
News
Simply Wall St News
At US$147, Is The Travelers Companies, Inc. (NYSE:TRV) Worth Looking At Closely?
It’s trading around 17% below my intrinsic value, which means if you buy Travelers Companies today, you’d be paying a fair price for it. … Buying a great company with a robust outlook at a cheap price is always a good investment, so let’s also take a look at the company's future expectations. … With profit expected to grow by a double-digit 16% over the next couple of years, the outlook is positive for Travelers Companies.
Simply Wall St - – Full articleDoes The Travelers Companies, Inc. (NYSE:TRV) Have A Good P/E Ratio?
This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios). … Based on the last twelve months, Travelers Companies's P/E ratio is 14.46. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)
Simply Wall St - – Full articleThe Travelers Companies, Inc. (NYSE:TRV) Has Got What It Takes To Be An Attractive Dividend Stock
(NYSE:TRV) from a dividend investor's perspective. Owning a strong dividend company and reinvesting the dividends is widely seen as an attractive way of growing your wealth.. … While Travelers Companies's 2.4% dividend yield is not the highest, we think its lengthy payment history is quite interesting. … NYSE:TRV Historical Dividend Yield, April 23rd 2019
Simply Wall St - – Full articleDo Institutions Own Shares In The Travelers Companies, Inc. (NYSE:TRV)?
Companies that used to be publicly owned tend to have lower insider ownership. … institutional investors have bought into the company. … Check out our latest analysis for Travelers Companies
Simply Wall St - – Full articleOur Take On The Travelers Companies, Inc.'s (NYSE:TRV) CEO Salary
This report will, first, examine the CEO compensation levels in comparison to CEO compensation at other big companies. … How Does Alan Schnitzer's Compensation Compare With Similar Sized Companies. … is worth US$36b, and total annual CEO compensation is US$15m.
Simply Wall St - – Full articleShould You Be Worried About Insider Transactions At The Travelers Companies, Inc. (NYSE:TRV)?
But logic dictates you should pay some attention to whether insiders are buying or selling shares. … Travelers Companies Insider Transactions Over The Last Year. … Over the last year we saw more insider selling of Travelers Companies shares, than buying.
Simply Wall St - – Full articleInterested In The Travelers Companies, Inc. (NYSE:TRV)? Here's What Its Recent Performance Looks Like
Below, I will examine The Travelers Companies, Inc.'s (NYSE:TRV) track record on a high level, to give you some insight into how the company has been performing against its long term trend and its industry peers. … Did TRV beat its long-term earnings growth trend and its industry. … Furthermore, this one-year growth rate has exceeded its 5-year annual growth average of -12%, indicating the rate at which TRV is growing has accelerated
Simply Wall St - – Full articleWhat Do Analysts Think About The Travelers Companies, Inc.'s (NYSE:TRV) Future?
Looking at The Travelers Companies, Inc.'s (NYSE:TRV) earnings update on 31 December 2018, … with earnings expected to grow by 17% in the upcoming year … the past 5-year average growth rate of -12%.
Simply Wall St - – Full articleIf You Had Bought Travelers Companies Shares Five Years Ago You'd Have Made 55%
Better yet, you'd like to see the share price move up more than the market average. … (NYSE:TRV) share price is up 55% in the last five years, that's less than the market return. … Travelers Companies's earnings per share are down 1.0% per year, despite strong share price performance over five years.
Simply Wall St - – Full articleA Holistic Look At The Travelers Companies, Inc. (NYSE:TRV)
Help shape the future of investing tools and you could win a $250 gift card! … Looking at the company as a whole, as a potential stock investment, I believe TRV has a lot to offer. … that has been able to sustain great financial health over the past.
Simply Wall St - – Full articleCompany Info
Description
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. The company operates through three segments: Business Insurance, Bond & Specialty Insurance, and Personal Insurance. The Business Insurance segment offers workers' compensation, commercial automobile and property, general liability, commercial multi-peril, employers' liability, public and product liability, professional indemnity, marine, aviation, onshore and offshore energy, construction, terrorism, personal accident, and kidnap and ransom insurance products. This segment operates through select accounts, which serve small businesses; commercial accounts that serve mid-sized businesses; national accounts, which serve large companies; and national property and other that serve large and mid-sized customers, commercial transportation industry, and agricultural businesses, as well as markets and distributes its products through brokers, wholesale agents, program managers, and specialized retail agents. The Bond & Specialty Insurance segment provides surety, fidelity, management and professional liability, and other property and casualty insurance products. The Personal Insurance segment offers property and casualty insurance covering personal risks, primarily automobile and homeowners insurance to individuals. The company distributes its products primarily through independent agencies and brokers. The Travelers Companies, Inc. was founded in 1853 and is based in New York, New York.
Details
| Name: | The Travelers Companies, Inc. |
| TRV | |
| Exchange: | NYSE |
| Founded: | 1853 |
| $38,623,603,728 | |
| 261,908,210 | |
| Website: | http://www.travelers.com |
| Address: |
The Travelers Companies, Inc. 485 Lexington Avenue, New York, New York, 10017, United States |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NYSE | TRV | Common Shares | New York Stock Exchange | US | USD | 16. Jan 1997 | |
| DB | PA9 | Common Shares | Deutsche Boerse AG | DE | EUR | 16. Jan 1997 | |
| LSE | 0R03 | Common Shares | London Stock Exchange | GB | USD | 16. Jan 1997 | |
| WBAG | TRV | Common Shares | Wiener Boerse AG | AT | EUR | 16. Jan 1997 | |
| SNSE | TRV | Common Shares | Santiago Stock Exchange | CL | USD | 16. Jan 1997 | |
| BMV | TRV * | Common Shares | Bolsa Mexicana de Valores | MX | MXN | 16. Jan 1997 | |
| BASE | TRVV | CEDEAR EACH REP 0.33 SHS | Buenos Aires Stock Exchange | AR | ARS | 08. Feb 2012 |
Number of employees
Current staff
Industry
| Property and Casualty Insurance | |
| Insurance |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/05/22 06:00 |
| End of day share price update: | 2019/05/21 00:00 |
| Last estimates confirmation: | 2019/05/21 |
| Last earnings filing: | 2019/04/18 |
| Last earnings reported: | 2019/03/31 |
| Last annual earnings reported: | 2018/12/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
