Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>The Travelers Companies, Inc. reported strong fourth quarter and full-year 2025 results, demonstrating solid performance across underwriting and investment activities.</li><li>For the quarter, core income reached $2.5 billion, translating to $11.13 per diluted share, and a core return on equity of 29.6%.</li><li>Underwriting income of $2.2 billion, a 21% increase over the prior year, was fueled by higher net earned premiums, excellent margins, favorable prior-year reserve development, and a lower level of catastrophe losses.</li></ul>

The Travelers Companies, Inc. reported strong fourth quarter and full-year 2025 results, demonstrating solid performance across underwriting and investment activities.For the quarter, core income reached $2.5 billion, translating to $11.13 per diluted share, and a core return on equity of 29.6%.Underwriting income of $2.2 billion, a 21% increase over the prior year, was fueled by higher net earned premiums, excellent margins, favorable prior-year reserve development, and a lower level of catastrophe losses.

Travelers Companies: From AI Integration to Portfolio Rebalancing—Is a Multi-Engine Profit Story Emerging?

<ul><li>The Travelers Companies, Inc. reported strong third-quarter 2025 results, highlighting both positive and challenging aspects of its financial performance.</li><li>The company posted core income of $1.9 billion, translating to $8.14 per diluted share, and an impressive core return on equity of 22.6%.</li><li>These results were bolstered by robust underwriting performance and increased investment income.</li></ul>

The Travelers Companies, Inc. reported strong third-quarter 2025 results, highlighting both positive and challenging aspects of its financial performance.The company posted core income of $1.9 billion, translating to $8.14 per diluted share, and an impressive core return on equity of 22.6%.These results were bolstered by robust underwriting performance and increased investment income.

The Travelers Companies Inc. Is De-Risking Cat-Prone Zones—Is This The Smartest Move For More Stable Earnings?

<ul><li>The Travelers Companies, Inc. reported a robust financial performance for the second quarter of 2025, reflecting solid execution and favorable market conditions across its segments.</li><li>The company reported core income of $1.5 billion, equating to $6.51 per diluted share, and a core return on equity of 18.8%.</li><li>These results were primarily driven by strong underwriting and investment performance.</li></ul>

The Travelers Companies, Inc. reported a robust financial performance for the second quarter of 2025, reflecting solid execution and favorable market conditions across its segments.The company reported core income of $1.5 billion, equating to $6.51 per diluted share, and a core return on equity of 18.8%.These results were primarily driven by strong underwriting and investment performance.

Travelers Companies Inc. Unlocks Major Gains in Bond & Specialty Insurance!

<ul><li>Travelers Companies Inc. reported its first quarter 2025 financial results, demonstrating substantial profitability despite facing significant catastrophe losses, notably the severe January California wildfires.</li><li>The company generated core income of $443 million or $1.91 per diluted share.</li><li>The difficult quarter was mitigated by strong underlying performance, favorable prior-year reserve development, and higher investment income.</li></ul>

Travelers Companies Inc. reported its first quarter 2025 financial results, demonstrating substantial profitability despite facing significant catastrophe losses, notably the severe January California wildfires.The company generated core income of $443 million or $1.91 per diluted share.The difficult quarter was mitigated by strong underlying performance, favorable prior-year reserve development, and higher investment income.

The Travelers Companies: Business Insurance Growth

Technical Analyst, Vermilion Research

Joe Jasper

Technical Analyst

Technical and Quantitative Research

Vermilion Research

Vermilion’s objective is to deliver timely, actionable, and unique technical research to professional investors through the application of our various technical indicators.

Our research strategists seek to highlight securities which we believe are at major inflection points, based on our various technical and quantitative indicators, and offer asymmetric risk/return profiles. Our unique research methodology, centered on relative strength, enables our strategists to deliver superior investment recommendations.

Our process begins by organizing the universe of actively traded stocks into discrete sectors, then into industry groups. We then apply our technical and quantitative tools to identify developing price trends. Once attractive trends are identified within a selected sector or group, we screen for individual stocks which we believe offer the best risk/reward profile. We provide a historical perspective that often reveals, through our long-term charts, how price patterns often repeat themselves over time.

Technical Analysis

<ul>
<li>In last week's 2/25/25 Compass, we discussed our expectation for near-term downside as the S&amp;P 500 and Nasdaq 100 (QQQ) displayed several bearish short-term developments.</li>
<li>We said don't be surprised if there is a test of the bottom of the range at either 5770-5850 or 5600-5670, where we would be buyers</li>
<li>The S&amp;P 500 and Nasdaq 100 (QQQ) are testing major confluence of support at 5770-5850 and $490-$500, respectively, the first of our potential bottom levels discussed last week.</li>
</ul>


In last week's 2/25/25 Compass, we discussed our expectation for near-term downside as the S&amp;P 500 and Nasdaq 100 (QQQ) displayed several bearish short-term developments.
We said don't be surprised if there is a test of the bottom of the range at either 5770-5850 or 5600-5670, where we would be buyers
The S&amp;P 500 and Nasdaq 100 (QQQ) are testing major confluence of support at 5770-5850 and $490-$500, respectively, the first of our potential bottom levels discussed last week.


S&P 500 and Nasdaq 100 Testing Initial Support; Russell and Nasdaq With Bullish Breadth Divergences

United States

The Travelers Companies, Inc. provides commercial and personal property and casualty insurance products and services to businesses, government units, associations, and individuals.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Travelers Cos (TRV US)

Travelers Companies: From AI Integration to Portfolio Rebalancing—Is a Multi-Engine Profit Story Emerging?

The Travelers Companies, Inc. reported strong fourth quarter and full-year 2025 results, demonstrating solid performance across underwriting and...

Baptista Research

The Travelers Companies Inc. Is De-Risking Cat-Prone Zones—Is This The Smartest Move For More Stable Earnings?

The Travelers Companies, Inc. reported strong third-quarter 2025 results, highlighting both positive and challenging aspects of its financial...

Baptista Research

Travelers Companies Inc. Unlocks Major Gains in Bond & Specialty Insurance!

The Travelers Companies, Inc. reported a robust financial performance for the second quarter of 2025, reflecting solid execution and favorable...

Baptista Research

The Travelers Companies: Business Insurance Growth

Travelers Companies Inc. reported its first quarter 2025 financial results, demonstrating substantial profitability despite facing significant...

Baptista Research

S&P 500 and Nasdaq 100 Testing Initial Support; Russell and Nasdaq With Bullish Breadth Divergences

$SPX and $QQQ $NDX Testing Initial Supports at 5770-5850 and $490-$500; Russell 2000 $IWM and Nasdaq 100 Bullish Breadth Divergences (% above 20-...

Vermilion Research

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)