AAL

Travelers Stock Ticks Higher After Upbeat Results

Analysts are still bearish toward the stock

Deputy Editor
Oct 19, 2022 at 10:59 AM
facebook X logo linkedin


Blue-chip insurance name Travelers Companies Inc (NYSE:TRV) is up 2.5% at $171.19 at last check, after the company's strong third-quarter results. Travelers reported earnings of $2.20 per share and revenue of $9.20 billion, both of which beat analysts' estimates, though quarterly profits fell 20% amid hurricane-related claims and lower returns on investments. 

On the charts, TRV is eyeing its highest close since mid-August, breaking above a slew of long-term moving averages, including the 140-day trendline. It's also worth noting that the security's 14-day relative strength index (RSI) of 74.1 sits firmly in "overbought" territory, meaning a short-term dip could be coming soon. Year-to-date, the equity is up 9.9%. 

The brokerage bunch has yet to chime in with any adjustments today. Of the 12 analysts in coverage, 10 still carry a tepid "hold" or worse rating on Travelers stock. Plus, the 12-month consensus target price of $174.47 is a slim 1.5% premium to current levels.

Short-term options traders have favored calls lately. This is per TRV's Schaeffer's put/call open interest ratio (SOIR) of 0.80, which sits higher than just 26% of readings from the last 12 months.

 

 

Two High-Octane Trade Ideas. One Simple Goal: Intraday Profits.

Dynamite Day Trading Signals delivers two same-day options trades every week — powered by proprietary intraday analysis and 43+ years of trading expertise.

But this isn’t just another stream of alerts.

It’s a structured plan with clear entry and exit points – designed for traders who want to act fast, trade smart, and wrap up gains before the closing bell.

No guesswork. No overnight exposure – Just two well-researched setups per week — whether you prefer buying premium or selling it.

And the results speak for themselves: subscribers have locked in +245.8% total profit over the last six months (since inception!).

👉 Start your one-month trial now for just $10, and be ready for the next trade alert.