Intrinsic value of Travelers Cos. - TRV

Previous Close

$130.42

  Intrinsic Value

$12.17

stock screener

  Rating & Target

str. sell

-91%

Previous close

$130.42

 
Intrinsic value

$12.17

 
Up/down potential

-91%

 
Rating

str. sell

Our model is not good at valuating stocks of financial companies, such as TRV.

We calculate the intrinsic value of TRV stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 2017), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 36.0

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   2018
   2019
   2020
   2021
   2022
   2023
   2024
   2025
   2026
   2027
   2028
   2029
   2030
   2031
   2032
   2033
   2034
   2035
   2036
   2037
   2038
   2039
   2040
   2041
   2042
   2043
   2044
   2045
   2046
   2047

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  4.60
  4.64
  4.68
  4.71
  4.74
  4.76
  4.79
  4.81
  4.83
  4.85
  4.86
  4.87
  4.89
  4.90
  4.91
  4.92
  4.93
  4.93
  4.94
  4.95
  4.95
  4.96
  4.96
  4.96
  4.97
  4.97
  4.97
  4.98
  4.98
  4.98
Revenue, $m
  30,231
  31,634
  33,113
  34,673
  36,315
  38,045
  39,867
  41,784
  43,801
  45,923
  48,155
  50,502
  52,971
  55,565
  58,293
  61,159
  64,172
  67,338
  70,664
  74,159
  77,831
  81,688
  85,741
  89,997
  94,469
  99,165
  104,097
  109,278
  114,719
  120,433
Variable operating expenses, $m
  25,371
  26,525
  27,742
  29,024
  30,375
  31,798
  33,296
  34,873
  36,532
  38,278
  39,609
  41,540
  43,570
  45,704
  47,947
  50,305
  52,783
  55,387
  58,123
  60,998
  64,018
  67,191
  70,524
  74,026
  77,703
  81,566
  85,623
  89,885
  94,360
  99,060
Fixed operating expenses, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total operating expenses, $m
  25,371
  26,525
  27,742
  29,024
  30,375
  31,798
  33,296
  34,873
  36,532
  38,278
  39,609
  41,540
  43,570
  45,704
  47,947
  50,305
  52,783
  55,387
  58,123
  60,998
  64,018
  67,191
  70,524
  74,026
  77,703
  81,566
  85,623
  89,885
  94,360
  99,060
Operating income, $m
  4,860
  5,109
  5,372
  5,648
  5,940
  6,247
  6,570
  6,910
  7,268
  7,645
  8,546
  8,963
  9,401
  9,861
  10,345
  10,854
  11,389
  11,950
  12,541
  13,161
  13,813
  14,497
  15,216
  15,972
  16,765
  17,599
  18,474
  19,394
  20,359
  21,373
EBITDA, $m
  16,539
  17,306
  18,115
  18,968
  19,867
  20,813
  21,810
  22,859
  23,962
  25,123
  26,344
  27,628
  28,979
  30,398
  31,890
  33,458
  35,106
  36,838
  38,658
  40,570
  42,579
  44,689
  46,906
  49,235
  51,681
  54,250
  56,949
  59,783
  62,759
  65,885
Interest expense (income), $m
  358
  3,934
  3,915
  3,915
  3,915
  3,915
  3,915
  3,915
  3,915
  3,915
  3,915
  3,915
  3,915
  3,915
  3,915
  3,915
  3,915
  3,915
  3,915
  3,915
  3,915
  3,915
  3,915
  3,915
  3,915
  3,915
  3,915
  3,915
  3,915
  3,915
  3,915
Earnings before tax, $m
  927
  1,194
  1,457
  1,733
  2,025
  2,332
  2,655
  2,995
  3,353
  3,730
  4,631
  5,048
  5,486
  5,946
  6,430
  6,939
  7,473
  8,035
  8,626
  9,246
  9,898
  10,582
  11,301
  12,057
  12,850
  13,684
  14,559
  15,478
  16,444
  17,458
Tax expense, $m
  250
  322
  393
  468
  547
  630
  717
  809
  905
  1,007
  1,250
  1,363
  1,481
  1,605
  1,736
  1,873
  2,018
  2,170
  2,329
  2,496
  2,672
  2,857
  3,051
  3,255
  3,470
  3,695
  3,931
  4,179
  4,440
  4,714
Net income, $m
  676
  872
  1,063
  1,265
  1,478
  1,702
  1,938
  2,187
  2,448
  2,723
  3,381
  3,685
  4,004
  4,341
  4,694
  5,065
  5,456
  5,866
  6,297
  6,749
  7,225
  7,725
  8,250
  8,801
  9,381
  9,989
  10,628
  11,299
  12,004
  12,744

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Adjusted assets (=assets-cash), $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Revenue / Adjusted assets
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
Average production assets, $m
  111,736
  116,920
  122,387
  128,150
  134,221
  140,615
  147,347
  154,432
  161,888
  169,731
  177,981
  186,657
  195,779
  205,369
  215,449
  226,044
  237,179
  248,880
  261,174
  274,092
  287,663
  301,921
  316,898
  332,630
  349,156
  366,513
  384,744
  403,892
  424,002
  445,122
Working capital, $m
  -78,934
  -82,597
  -86,459
  -90,530
  -94,819
  -99,336
  -104,092
  -109,097
  -114,364
  -119,905
  -125,733
  -131,862
  -138,306
  -145,081
  -152,202
  -159,687
  -167,553
  -175,819
  -184,504
  -193,629
  -203,217
  -213,289
  -223,869
  -234,983
  -246,657
  -258,919
  -271,798
  -285,325
  -299,532
  -314,452
Total debt, $m
  72,502
  72,502
  72,502
  72,502
  72,502
  72,502
  72,502
  72,502
  72,502
  72,502
  72,502
  72,502
  72,502
  72,502
  72,502
  72,502
  72,502
  72,502
  72,502
  72,502
  72,502
  72,502
  72,502
  72,502
  72,502
  72,502
  72,502
  72,502
  72,502
  72,502
Total liabilities, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total equity, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total liabilities and equity, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Debt-to-equity ratio
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
Adjusted equity ratio
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  676
  872
  1,063
  1,265
  1,478
  1,702
  1,938
  2,187
  2,448
  2,723
  3,381
  3,685
  4,004
  4,341
  4,694
  5,065
  5,456
  5,866
  6,297
  6,749
  7,225
  7,725
  8,250
  8,801
  9,381
  9,989
  10,628
  11,299
  12,004
  12,744
Depreciation, amort., depletion, $m
  11,678
  12,197
  12,744
  13,320
  13,927
  14,566
  15,240
  15,948
  16,694
  17,478
  17,798
  18,666
  19,578
  20,537
  21,545
  22,604
  23,718
  24,888
  26,117
  27,409
  28,766
  30,192
  31,690
  33,263
  34,916
  36,651
  38,474
  40,389
  42,400
  44,512
Funds from operations, $m
  12,355
  13,069
  13,807
  14,585
  15,405
  16,269
  17,178
  18,135
  19,142
  20,201
  21,179
  22,350
  23,582
  24,877
  26,239
  27,670
  29,174
  30,754
  32,414
  34,159
  35,992
  37,917
  39,940
  42,064
  44,296
  46,640
  49,102
  51,688
  54,404
  57,257
Change in working capital, $m
  -3,471
  -3,663
  -3,862
  -4,071
  -4,289
  -4,517
  -4,756
  -5,005
  -5,267
  -5,541
  -5,828
  -6,129
  -6,444
  -6,775
  -7,121
  -7,485
  -7,866
  -8,266
  -8,685
  -9,125
  -9,587
  -10,072
  -10,580
  -11,114
  -11,674
  -12,262
  -12,879
  -13,527
  -14,207
  -14,920
Cash from operations, $m
  15,826
  16,731
  17,669
  18,656
  19,694
  20,786
  21,933
  23,140
  24,409
  25,742
  27,007
  28,479
  30,026
  31,652
  33,360
  35,154
  37,039
  39,020
  41,099
  43,284
  45,579
  47,989
  50,520
  53,178
  55,970
  58,902
  61,982
  65,215
  68,611
  72,177
Maintenance CAPEX, $m
  -10,683
  -11,174
  -11,692
  -12,239
  -12,815
  -13,422
  -14,061
  -14,735
  -15,443
  -16,189
  -16,973
  -17,798
  -18,666
  -19,578
  -20,537
  -21,545
  -22,604
  -23,718
  -24,888
  -26,117
  -27,409
  -28,766
  -30,192
  -31,690
  -33,263
  -34,916
  -36,651
  -38,474
  -40,389
  -42,400
New CAPEX, $m
  -4,906
  -5,185
  -5,467
  -5,762
  -6,071
  -6,394
  -6,732
  -7,085
  -7,456
  -7,844
  -8,250
  -8,676
  -9,122
  -9,590
  -10,081
  -10,595
  -11,135
  -11,701
  -12,295
  -12,918
  -13,571
  -14,257
  -14,977
  -15,733
  -16,525
  -17,358
  -18,231
  -19,148
  -20,110
  -21,120
Cash from investing activities, $m
  -15,589
  -16,359
  -17,159
  -18,001
  -18,886
  -19,816
  -20,793
  -21,820
  -22,899
  -24,033
  -25,223
  -26,474
  -27,788
  -29,168
  -30,618
  -32,140
  -33,739
  -35,419
  -37,183
  -39,035
  -40,980
  -43,023
  -45,169
  -47,423
  -49,788
  -52,274
  -54,882
  -57,622
  -60,499
  -63,520
Free cash flow, $m
  237
  373
  510
  655
  808
  970
  1,140
  1,320
  1,510
  1,710
  1,784
  2,005
  2,239
  2,484
  2,743
  3,015
  3,300
  3,601
  3,917
  4,249
  4,598
  4,965
  5,351
  5,756
  6,182
  6,629
  7,099
  7,593
  8,112
  8,656
Issuance/(repayment) of debt, $m
  -343
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Issuance/(repurchase) of shares, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  -343
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total cash flow (excl. dividends), $m
  -106
  373
  510
  655
  808
  970
  1,140
  1,320
  1,510
  1,710
  1,784
  2,005
  2,239
  2,484
  2,743
  3,015
  3,300
  3,601
  3,917
  4,249
  4,598
  4,965
  5,351
  5,756
  6,182
  6,629
  7,099
  7,593
  8,112
  8,656
Retained Cash Flow (-), $m
  -343
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Prev. year cash balance distribution, $m
  343
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
  -106
  373
  510
  655
  808
  970
  1,140
  1,320
  1,510
  1,710
  1,784
  2,005
  2,239
  2,484
  2,743
  3,015
  3,300
  3,601
  3,917
  4,249
  4,598
  4,965
  5,351
  5,756
  6,182
  6,629
  7,099
  7,593
  8,112
  8,656
Discount rate, %
  14.60
  15.33
  16.10
  16.90
  17.75
  18.63
  19.57
  20.54
  21.57
  22.65
  23.78
  24.97
  26.22
  27.53
  28.91
  30.35
  31.87
  33.46
  35.14
  36.89
  38.74
  40.68
  42.71
  44.84
  47.09
  49.44
  51.91
  54.51
  57.23
  60.10
PV of cash for distribution, $m
  -92
  280
  326
  351
  357
  348
  326
  296
  260
  222
  171
  138
  108
  83
  61
  43
  30
  20
  13
  8
  5
  3
  1
  1
  0
  0
  0
  0
  0
  0
Current shareholders' claim on cash, %
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0

The Travelers Companies, Inc. is a holding company. The Company's segments include Business and International Insurance; Bond & Specialty Insurance, and Personal Insurance. Through its subsidiaries, it provides commercial and personal property and casualty insurance products and services. The Business and International Insurance segment offers property and casualty insurance and insurance related services to its clients, in the United States and in Canada, as well as in the United Kingdom, the Republic of Ireland, Brazil and throughout other parts of the world. The Bond & Specialty Insurance segment provides surety, fidelity, management liability, professional liability, and other property and casualty coverages and related risk management services to a range of primarily domestic customers, utilizing various degrees of financially-based underwriting approaches. The Personal Insurance segment writes a range of property and casualty insurance covering individuals' personal risks.

FINANCIAL RATIOS  of  Travelers Cos. (TRV)

Valuation Ratios
P/E Ratio 12.1
Price to Sales 1.3
Price to Book 1.6
Price to Tangible Book
Price to Cash Flow 8.7
Price to Free Cash Flow 8.7
Growth Rates
Sales Growth Rate 2.9%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate NaN%
Cap. Spend. - 3 Yr. Gr. Rate NaN%
Financial Strength
Quick Ratio 0
Current Ratio NaN
LT Debt to Equity 25.4%
Total Debt to Equity 27.7%
Interest Coverage 12
Management Effectiveness
Return On Assets 3.3%
Ret/ On Assets - 3 Yr. Avg. 3.6%
Return On Total Capital 10.1%
Ret/ On T. Cap. - 3 Yr. Avg. 11.1%
Return On Equity 12.9%
Return On Equity - 3 Yr. Avg. 14%
Asset Turnover 0.3
Profitability Ratios
Gross Margin 0%
Gross Margin - 3 Yr. Avg. 0%
EBITDA Margin 33.3%
EBITDA Margin - 3 Yr. Avg. 35.8%
Operating Margin 16%
Oper. Margin - 3 Yr. Avg. 18.4%
Pre-Tax Margin 14.7%
Pre-Tax Margin - 3 Yr. Avg. 17%
Net Profit Margin 10.9%
Net Profit Margin - 3 Yr. Avg. 12.4%
Effective Tax Rate 25.6%
Eff/ Tax Rate - 3 Yr. Avg. 26.8%
Payout Ratio 25.1%

TRV stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the TRV stock intrinsic value calculation we used $28902 million for the last fiscal year's total revenue generated by Travelers Cos.. The default revenue input number comes from 2017 income statement of Travelers Cos.. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our TRV stock valuation model: a) initial revenue growth rate of 4.6% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 14.6%, whose default value for TRV is calculated based on our internal credit rating of Travelers Cos., is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Travelers Cos..
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of TRV stock the variable cost ratio is equal to 84%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $0 million in the base year in the intrinsic value calculation for TRV stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 5.4% for Travelers Cos..

Corporate tax rate of 27% is the nominal tax rate for Travelers Cos.. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the TRV stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for TRV are equal to 369.6%.

Life of production assets of 10 years is the average useful life of capital assets used in Travelers Cos. operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for TRV is equal to -261.1%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $0 million for Travelers Cos. - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 276 million for Travelers Cos. is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Travelers Cos. at the current share price and the inputted number of shares is $36.0 billion.

RELATED COMPANIES Price Int.Val. Rating
ALL Allstate 100.02 91.01  hold

COMPANY NEWS

▶ Insurance ETFs Looking Good Post Q2 Earnings   [Aug-08-18 11:20AM  Zacks]
▶ Travelers Identifies Top Causes of Home Damage   [Jul-24-18 09:23AM  Business Wire]
▶ Company News For Jul 20, 2018   [Jul-20-18 09:23AM  Zacks]
▶ Day Ahead: Top 3 Things to Watch   [Jul-18-18 07:44PM  Investing.com]
▶ How the Travelers golf tournament got hot   [Jun-27-18 12:21PM  Yahoo Finance]
▶ [$$] Insurtech sets sights on SMEs   [Jun-26-18 07:31AM  Financial Times]
▶ [$$] Insurtech sets sights on SMEs   [Jun-25-18 07:32AM  Financial Times]
▶ [$$] Old Mutual chief calls on investors to be more active   [Jun-17-18 11:00PM  Financial Times]
▶ The 10 Stocks That Will Push the Dow Over 30K   [Jun-12-18 03:14PM  InvestorPlace]
▶ 10 Big-Cap Turnaround Stocks for Value-Hunting Investors   [Jun-11-18 04:05PM  InvestorPlace]
▶ Q1 Earnings Fail to Drive Insurance ETFs   [May-11-18 11:40AM  Zacks]
▶ Travelers Names Abbe Goldstein Head of Investor Relations   [May-07-18 09:00AM  Business Wire]
▶ 10 Largest Property and Casualty Insurance Companies in 2018   [May-01-18 11:31AM  Insider Monkey]
▶ Travelers Publishes Its 2017 Community Report   [Apr-18-18 09:02AM  Business Wire]
▶ Five Insurance Stocks to Consider Amid Higher Interest Rates   [Apr-16-18 09:54PM  Insider Monkey]
▶ [$$] Travelers Unveils Insurance That Caters to Millennials   [Mar-21-18 04:14PM  The Wall Street Journal]
Follow us on:   twitter   twitter   twitter   twitter

ASSET ALLOCATION

About X-FIN       Site news       Privacy policy       Terms of use       FAQ

Copyright © X-FIN.com 2005-2018. All rigths reserved.