From Nasdaq: 2024-04-02 01:30:51

Travelers’ stock (NYSE: TRV) has gained 20% year-to-date, outperforming the S&P500 index. Trading at $229 per share, 4% above its fair value of $220 by Trefis. With strong financial performance in Q4 2023, revenues grew 13% y-o-y to $10.9 billion, driving net income to $1.6 billion.

In FY 2023, Travelers saw a 12% increase in revenues to $41.3 billion, driven by a rise in net written premiums and net investment income. Net income rose 5% to $2.99 billion. Expectations are for continued growth in Q1 with revenues forecasted to reach $44.5 billion in FY2024.

The Trefis Reinforced Value Portfolio has consistently outperformed the S&P 500, with a total return of 652% since 2016. TRV has delivered returns of 4% month-to-date, 20% year-to-date, and 87% from 2017-2024. In comparison, the S&P 500 had returns of 2%, 9%, and 132% over the same periods.



Read more at Nasdaq: Beating S&P500 BY 11% YTD, What To Expect From Travelers Stock?