The Travelers Companies (TRV) has been under a strong bear grip, hence the stock is down -2.01% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 1.6% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.03% in the last 1 week, and is up 0.42% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The Travelers Companies (NYSE:TRV): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $118.41 and $117.96 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $118.76. The buying momentum continued till the end and the stock did not give up its gains. It closed at $118.58, notching a gain of 0.59% for the day. The total traded volume was 1,236,042 . The stock had closed at $117.88 on the previous day.
The stock has recorded a 20-day Moving Average of 0.92% and the 50-Day Moving Average is 2.7%. The Travelers Companies, Inc. is up 7.99% in the last 3-month period. Year-to-Date the stock performance stands at 6.27%.
The Travelers Companies (TRV) : The highest level The Travelers Companies (TRV) is projected to reach is $128 for the short term and the lowest estimate is at $92. The consolidated price target from 8 rating analysts who initiate coverage on the stock is $113.13 and the possibility the share price can swing is $11.51.
The Travelers Companies, Inc. is a holding company. Through its subsidiaries, the Company is engaged in providing a range of commercial and personal property and casualty insurance products and services to businesses, Government units, associations and individuals. The Company has three operating segments: Business and International Insurance segment, Bond & Specialty Insurance segment and the Personal Insurance segment. Business and International Insurance segment offers a range of property and casualty insurance and insurance related services to its customers, primarily in the United States, as well as in Canada, the United Kingdom, the Republic of Ireland and throughout other parts of the world. Bond & Specialty Insurance segment provides surety, crime, management and professional liability coverages, and related risk management services. Personal Insurance segment includes a range of property and casualty insurance covering individuals personal risks.