-- 独立系調査会社CFRAは、に対し、以下の調査レポートを提供しました。CFRAのアナリストは、以下のように見解をまとめています。当社は、12ヶ月目標株価を315ドルに据え置きます。これは、TRV株を2026年の営業利益予想27.74ドル（4月17日に2.09ドル上方修正）の11.4倍、および2027年の営業利益予想28.05ドル（0.40ドル上方修正）の11.2倍と評価したものです。当社の目標株価倍率は、TRV株が過去3年間の平均予想株価倍率11倍で取引され、同業他社の平均株価倍率12倍と比較した場合のものです。現在の株価水準は、同業他社および過去の平均と比較して、適正水準にあると当社は考えています。 TRVのリスク管理能力は高く評価されるべきであり、災害件数が66%減少し、前年度の損失推移も改善したことで、第1四半期の保険引受収益が11億7000万ドルの黒字（前年同期は3億500万ドルの赤字）に転換したことは注目に値する。しかしながら、価格競争の激化に伴い、TRVの売上高の伸びは停滞しており、第1四半期の営業収益は前年同期比横ばい、正味保険料収入は前年同期比2%減少した。売上高の減少は、株価上昇の起爆剤となる要素を失わせると考えられる。
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