Travelers (TRV): analysis in plain words
Is Travelers cheap or expensive? How it makes money, whether it grows and its risks, explained in plain words and with its official accounts.
Travelers (TRV) is listed on the NYSE and we classify it in insurance. Below are its key dated figures, how it makes money, how it compares with its sector, what works for and against Travelers according to those figures, and the questions people ask most about the stock. No buy or sell tips.
Travelers (TRV) key figures as of November 4, 2026
| Figure | Value | What it measures |
|---|---|---|
| Share price | $409.25 | Last price on November 4, 2026 |
| P/E ratio (TTM) | 10.8x | Price over earnings per share |
| Revenue growth | -0.5% | Latest quarter vs the same quarter a year earlier |
| Net margin (TTM) | 17.0% | Profit for every 100 of sales |
| Net debt / EBITDA | Not meaningful (financial company) | Years of operating profit to repay debt |
| Dividend yield | 1.26% | Annual dividend over price |
| Market cap | $83.9 billion | What the stock market values it at |
The Travelers figures come from Yahoo Finance, the same source the Fintols analysis uses, retrieved on November 4, 2026. Any TRV figure that is not available shows as N/A: we do not estimate it.
How Travelers makes money
Travelers is a U.S. property and casualty insurer. Business Insurance, covering companies of all sizes, is its largest segment, followed by Bond and Specialty Insurance, which handles surety bonds and management liability, and Personal Insurance for auto and home. Profits come from underwriting and from investing premiums.
Over the last 12 months, Travelers brought in revenue of $48.9 billion. For every 100 it sells, Travelers keeps 34.9 after the direct cost of what it sells (gross margin) and 20.0 after all operating costs (operating margin). With 34,000 full-time employees, that is about $1 million of revenue per employee.
Travelers against its sector
To know whether a Travelers figure is high or low you have to put it next to similar companies. This table compares Travelers with the median of the 11 insurance companies Fintols covers, with data as of November 4, 2026.
| Figure | Travelers | insurance median |
|---|---|---|
| P/E | 10.8x | 13.1x (11) |
| Revenue growth | -0.5% | +3.0% (11) |
| Net margin | 17.0% | 11.2% (11) |
| Dividend yield | 1.26% | 2.35% (11) |
| ROE | 27.5% | 18.4% (11) |
In short, against the typical insurance company, Travelers trades on a lower P/E, grows more slowly and earns a wider margin. By size, Travelers ranks number 4 of 7 insurance companies quoted in USD on Fintols.
The bull case for Travelers
What works in favour of Travelers, according to its figures as of November 4, 2026:
- Travelers earns 27.5% a year on its shareholders' money (return on equity), a high figure for a financial company.
The main risk for Travelers
Analysts expect lower Travelers earnings: its P/E on estimated next-12-month earnings rises to 13.2x, from 10.8x on the last 12 months.
On top of that: travelers sales fell 0.5% in the latest quarter against the same quarter a year earlier: if the decline drags on, profit usually follows.
And, like the rest of insurance, Travelers is exposed to natural catastrophes and claims above plan, plus swings in the markets where it invests premiums.
Frequently asked questions about Travelers
Is it a good time to buy Travelers stock?
Fintols does not tell you whether to buy or sell Travelers, and nobody knows what the price will do tomorrow. What we can show you is where it stands today. As of November 4, 2026, Travelers stock trades at $409.25, 0% below its 52-week high ($409.30) and 53% above its low ($268.00). Its P/E is 10.8x against a insurance median of 13.1x, and 13.2x on the earnings analysts expect over the next 12 months. With Travelers, as with any stock, timing matters less than understanding the business, investing for the long run and not betting everything on a single company.
Does Travelers pay a dividend?
Yes. As of November 4, 2026, Travelers pays $5.00 per share a year, which at today's price is a yield of 1.26%. It uses 12% of its profit to pay it, which leaves room to keep paying it if profit dips. Its average dividend yield over the last five years is 1.78%. The insurance median on Fintols is 2.35%.
Is Travelers stock expensive?
It depends on what you compare it with. On P/E, Travelers trades at 10.8x its last 12 months of earnings: cheaper than the insurance median (13.1x). For a financial company you also look at price to book value: 2.9x (insurance median: 2.2x). A high P/E alone does not make Travelers expensive: it can be justified if earnings grow fast, and a low one can reflect a business in trouble.
Who are Travelers's competitors?
On Fintols we compare Travelers with MetLife, Aon and Marsh McLennan, which are also in insurance. As of November 4, 2026, MetLife is worth $65.4 billion and trades on a P/E of 19.7; Aon is worth $73.1 billion and trades on a P/E of 18.9. Each has a side-by-side comparison with Travelers below.
Travelers competitors
- MetLife (MET) analysis · Travelers vs MetLife comparison
- Aon (AON) analysis · Travelers vs Aon comparison
- Marsh McLennan (MMC) analysis · Travelers vs Marsh McLennan comparison
To understand Travelers better
- How to Read a Balance Sheet: A Beginner's Guide
- P/E Ratio and EPS Explained: How to Read Them Without Traps
More companies like Travelers: insurance stocks and S&P 500 companies. Open the full TRV analysis with its valuation and scenarios. Educational content about Travelers, not investment advice.