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

The Travelers Companies, Inc. (NYSE:TRV) announced a quarterly dividend on Thursday, October 17th, Zacks reports. Investors of record on Tuesday, December 10th will be given a dividend of 1.05 per share by the insurance provider on Tuesday, December 31st. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date is Tuesday, December 10th.

Travelers Companies has increased its dividend payment by an average of 5.3% annually over the last three years and has increased its dividend annually for the last 20 consecutive years. Travelers Companies has a payout ratio of 20.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect Travelers Companies to earn $20.17 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 20.8%.

Travelers Companies Stock Performance

NYSE:TRV opened at $264.86 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.33 and a current ratio of 0.33. Travelers Companies has a 52-week low of $157.33 and a 52-week high of $265.19. The firm has a market cap of $60.37 billion, a price-to-earnings ratio of 16.74, a PEG ratio of 1.26 and a beta of 0.62. The business’s fifty day moving average is $230.82 and its 200 day moving average is $219.39.

Travelers Companies (NYSE:TRV) last announced its earnings results on Thursday, October 17th. The insurance provider reported $5.24 earnings per share for the quarter, topping analysts’ consensus estimates of $3.79 by $1.45. The business had revenue of $11.90 billion for the quarter, compared to analyst estimates of $11.46 billion. Travelers Companies had a return on equity of 15.90% and a net margin of 8.37%. The company’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.95 EPS. Research analysts predict that Travelers Companies will post 17.09 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Jefferies Financial Group upped their target price on Travelers Companies from $210.00 to $235.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Piper Sandler decreased their target price on Travelers Companies from $213.00 to $207.00 and set a “neutral” rating on the stock in a research note on Monday, July 22nd. Royal Bank of Canada restated a “sector perform” rating and issued a $225.00 target price on shares of Travelers Companies in a research note on Monday, July 22nd. Deutsche Bank Aktiengesellschaft upped their target price on Travelers Companies from $221.00 to $234.00 and gave the stock a “hold” rating in a research note on Wednesday, August 7th. Finally, JPMorgan Chase & Co. upped their price objective on Travelers Companies from $220.00 to $242.00 and gave the stock an “underweight” rating in a report on Thursday, July 11th. Four equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $232.89.

Insider Activity at Travelers Companies

In related news, EVP Michael Frederick Klein sold 10,000 shares of the stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $211.44, for a total transaction of $2,114,400.00. Following the completion of the sale, the executive vice president now directly owns 22,798 shares in the company, valued at $4,820,409.12. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.33% of the stock is currently owned by company insiders.

About Travelers Companies

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.