---
title: Travelers Companies (TRV) — intrinsic value and fair price
canonical: https://sweetvaluelab.com/stocks/trv
ticker: TRV
as_of: 2026-10-17
sector: Financial Services
industry: Insurance - Property & Casualty
---
# Travelers Companies (TRV)

Travelers Companies (TRV) closed at $389.54 on Oct 16, 2026, overvalued by 51% vs its model value of $258.72 (from the justified price to book).

## Key figures

| Figure | Value |
| --- | ---: |
| Last close | $389.54 (Oct 16, 2026) |
| Model value (from the justified price to book) | $258.72 |
| Price vs model | overvalued by 51% vs model |
| Range of that model | $226.38 – $301.84 |
| Market value | $81.2B |
| P/E (fiscal 2025) | 14.2 |
| Net margin (fiscal 2025) | 12.9% |
| Free cash flow (fiscal 2025) | — |
| Dividend yield (trailing twelve months) | 1.21% |
| Beta | 0.44 |
| Cost of capital (WACC) | 7.30% |
| Business classification | Mature & Stable (Low/slowing growth (~9% recent), Moderate margins (13% net margin), Pays dividends, Highly cyclical earnings) |

## On the stock lists

| List | Place | Figure | Page |
| --- | ---: | ---: | --- |
| Near 52-week highs | #50 | −1.9% | https://sweetvaluelab.com/lists/near-52-week-highs |

## Dividends

| Figure | Value |
| --- | ---: |
| Trailing dividend yield | 1.21% |
| Dividends per share, last 12 months | $4.70 |
| Dividends / earnings (fiscal 2025) | 15.6% |
| Raised | 20 years in a row |
| Growth over 5 years | 6.3% a year |
| Latest payment | $1.25, ex-date Sep 10, 2026, paid Sep 30, 2026 |

| Year of payments | Dividends per share |
| --- | ---: |
| To Sep 9, 2021 | $3.46 |
| To Sep 8, 2022 | $3.62 |
| To Sep 7, 2023 | $3.86 |
| To Sep 10, 2024 | $4.10 |
| To Sep 10, 2025 | $4.30 |
| Trailing twelve months (to Sep 10, 2026) | $4.70 |

## Valuation models

Each model's value per share and the role the engine gave it for this business. The headline above is one model's value; every other model is listed with its own, and each has a page of its own under the valuation. Computed Oct 17, 2026.

| Model | Role | Value per share | Low | High |
| --- | --- | ---: | ---: | ---: |
| P/B · justified | primary | $258.72 | $226.38 | $301.84 |
| P/E · peers | cross check | $393.48 | $260.77 | $539.99 |
| P/E · own history | cross check | $413.88 | $369.78 | $479.64 |
| PEG | sanity check | $277.54 | $277.54 | $277.54 |
| Dividend discount | cross check | $83.87 | $58.99 | $160.33 |

## Insider activity (SEC Form 4)

Past 90 days: 0 open-market buys ($0) and 13 open-market sales ($23.5M); 10b5-1 plan sales included.

| Date | Insider | Relationship | Transaction | Shares | Value |
| --- | --- | --- | --- | ---: | ---: |
| Sep 30, 2026 | Robinson Elizabeth | Director | Grant / award | 122.72 | $43,750.9 |
| Sep 30, 2026 | Jabbour Anthony M | Director | Grant / award | 65.17 | $23,233.8 |
| Sep 30, 2026 | Golden Russell G. | Director | Grant / award | 129.73 | $46,250 |
| Aug 28, 2026 | OLIVO MARIA | EVP, ERM & Chief Risk Officer | Open-market sell | 6,000 | $2.2M |
| Aug 14, 2026 | Jabbour Anthony M | Director | Grant / award | 446 | $165,180.6 |

## Recent SEC filings

| Filed | Form | What | Filing |
| --- | --- | --- | --- |
| Oct 16, 2026 | 10-Q | Quarterly report | https://www.sec.gov/Archives/edgar/data/86312/000008631226000181/trv-20260930.htm |
| Oct 16, 2026 | 8-K | 2.02 Results of Operations (Earnings); 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/86312/000008631226000180/trv-20261016.htm |
| Aug 7, 2026 | 8-K | 5.02 Departure/Election of Directors or Officers | https://www.sec.gov/Archives/edgar/data/86312/000110465926092716/tm2622405d1_8k.htm |
| Jul 24, 2026 | 8-K | 8.01 Other Events; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/86312/000119312526316247/d659242d8k.htm |
| Jul 17, 2026 | S-8 | Employee stock plan registration | https://www.sec.gov/Archives/edgar/data/86312/000110465926084635/tm2619980d1_s8.htm |

## Superinvestors holding it (latest 13F)

| Manager | Quarter | Shares | Value |
| --- | --- | ---: | ---: |
| Mairs & Power | 2026-06-30 | 156,482 | $51.7M |
| Dodge & Cox | 2026-06-30 | 90,119 | $29.8M |
| Bridgewater | 2026-06-30 | 38,570 | $12.7M |
| Christopher Bloomstran | 2026-06-30 | 19,100 | $6.3M |

5 tracked managers in all.

## About

The Travelers Companies, Inc., through its network of subsidiaries, delivers a broad spectrum of commercial and personal property and casualty insurance products and services. These offerings cater to businesses, government entities, associations, and individual clients both within the United States and internationally. The company's operations are divided into three primary segments: Business Insurance, Bond & Specialty Insurance, and Personal Insurance. The Business Insurance segment provides a comprehensive portfolio of commercial coverages, ranging from foundational offerings like workers' compensation, commercial auto, property, general liability, multi-peril, and employers' liability, to more specialized policies. These specialized offerings include public and product liability, professional indemnity, marine, aviation, onshore and offshore energy, construction, terrorism, personal…

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Source: https://sweetvaluelab.com/stocks/trv (SweetValueLab, free, no account). Prices and statements from Financial Modeling Prep; filings from SEC EDGAR. Research and educational data, not investment advice; nothing here is a recommendation to buy, sell or hold any security.