The Travelers Companies, Inc. Announces Quarterly Dividend of $1.05 (NYSE:TRV)

The Travelers Companies, Inc. (NYSE:TRV) announced a quarterly dividend on Thursday, January 23rd,Wall Street Journal reports. Stockholders of record on Monday, March 10th will be given a dividend of 1.05 per share by the insurance provider on Monday, March 31st. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date of this dividend is Monday, March 10th.

Travelers Companies has raised its dividend payment by an average of 5.9% per year over the last three years and has raised its dividend annually for the last 20 consecutive years. Travelers Companies has a dividend payout ratio of 18.3% meaning its dividend is sufficiently covered by earnings. Analysts expect Travelers Companies to earn $20.36 per share next year, which means the company should continue to be able to cover its $4.20 annual dividend with an expected future payout ratio of 20.6%.

Travelers Companies Price Performance

Shares of TRV traded down $5.80 during midday trading on Thursday, reaching $240.93. The stock had a trading volume of 856,042 shares, compared to its average volume of 1,497,176. Travelers Companies has a 52 week low of $200.21 and a 52 week high of $269.55. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.34 and a quick ratio of 0.34. The firm’s 50 day moving average price is $248.61 and its 200-day moving average price is $236.77. The company has a market capitalization of $54.69 billion, a P/E ratio of 12.34, a P/E/G ratio of 1.05 and a beta of 0.65.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Wednesday, January 22nd. The insurance provider reported $9.15 EPS for the quarter, topping analysts’ consensus estimates of $6.50 by $2.65. Travelers Companies had a return on equity of 17.69% and a net margin of 10.02%. The company had revenue of $12.01 billion for the quarter, compared to the consensus estimate of $10,795,375 billion. During the same quarter in the previous year, the business earned $7.01 EPS. The company’s quarterly revenue was up 9.9% compared to the same quarter last year. On average, analysts forecast that Travelers Companies will post 19 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on TRV. Hsbc Global Res raised Travelers Companies from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 10th. StockNews.com upgraded Travelers Companies from a “hold” rating to a “buy” rating in a report on Thursday, January 9th. Barclays decreased their target price on Travelers Companies from $295.00 to $278.00 and set an “overweight” rating on the stock in a report on Monday, January 6th. Bank of America lifted their target price on Travelers Companies from $241.00 to $265.00 and gave the stock an “underperform” rating in a report on Thursday, October 17th. Finally, Keefe, Bruyette & Woods decreased their target price on Travelers Companies from $273.00 to $268.00 and set a “market perform” rating on the stock in a report on Friday, January 10th. Four equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $255.53.

Insider Activity at Travelers Companies

In other Travelers Companies news, EVP Maria Olivo sold 10,410 shares of the business’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $261.80, for a total value of $2,725,338.00. Following the completion of the sale, the executive vice president now owns 111,162 shares of the company’s stock, valued at $29,102,211.60. The trade was a 8.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Vice Chairman William H. Heyman sold 3,740 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $264.80, for a total value of $990,352.00. Following the completion of the sale, the insider now directly owns 250,384 shares of the company’s stock, valued at $66,301,683.20. This represents a 1.47 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 18,670 shares of company stock valued at $4,861,329. Insiders own 1.33% of the company’s stock.

Travelers Companies Company Profile

The Travelers Companies, Inc, through its subsidiaries, provides a range of commercial and personal property, and casualty insurance products and services to businesses, government units, associations, and individuals in the United States and internationally. The company operates through three segments: Business Insurance, Bond & Specialty Insurance, and Personal Insurance.