The Travelers Companies, Inc. (TRV) to Issue Quarterly Dividend of $1.05 on December 31st

The Travelers Companies, Inc. (NYSE:TRV) declared a quarterly dividend on Thursday, October 17th, Zacks reports. Investors of record on Tuesday, December 10th will be paid 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 yield of 1.58%. The ex-dividend date is Tuesday, December 10th.

Travelers Companies has raised its dividend payment by an average of 5.3% annually over the last three years and has raised 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. Equities 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 Trading Up 0.2 %

Shares of Travelers Companies stock opened at $265.45 on Friday. The firm has a market capitalization of $60.50 billion, a PE ratio of 16.78, a price-to-earnings-growth ratio of 1.26 and a beta of 0.62. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.33 and a quick ratio of 0.33. The company’s fifty day moving average price is $231.88 and its two-hundred day moving average price is $219.65. Travelers Companies has a 52-week low of $157.33 and a 52-week high of $269.55.

Travelers Companies (NYSE:TRV) last issued its earnings results on Thursday, October 17th. The insurance provider reported $5.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.79 by $1.45. The company had revenue of $11.90 billion for the quarter, compared to analyst estimates of $11.46 billion. Travelers Companies had a net margin of 8.37% and a return on equity of 15.90%. The company’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.95 EPS. On average, analysts expect that Travelers Companies will post 17.09 EPS for the current year.

Insider Activity at Travelers Companies

In related news, EVP Michael Frederick Klein sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $211.44, for a total value of $2,114,400.00. Following the sale, the executive vice president now owns 22,798 shares in the company, valued at $4,820,409.12. This represents a 0.00 % 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. 1.33% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

TRV has been the topic of a number of recent analyst reports. Wells Fargo & Company boosted their target price on shares of Travelers Companies from $206.00 to $207.00 and gave the stock an “equal weight” rating in a report on Thursday, October 10th. Bank of America upped their price objective on Travelers Companies from $241.00 to $265.00 and gave the company an “underperform” rating in a research note on Thursday. Deutsche Bank Aktiengesellschaft upped their target price on Travelers Companies from $221.00 to $234.00 and gave the company a “hold” rating in a report on Wednesday, August 7th. Piper Sandler cut their price target on Travelers Companies from $213.00 to $207.00 and set a “neutral” rating on the stock in a report on Monday, July 22nd. Finally, TD Cowen cut Travelers Companies from a “buy” rating to a “hold” rating and cut their price target for the stock from $252.00 to $230.00 in a report on Monday, July 15th. Four equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $235.42.

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.