The Travelers Companies, Inc. (TRV) to Issue Quarterly Dividend of $1.05 on September 30th

The Travelers Companies, Inc. (NYSE:TRV) announced a quarterly dividend on Friday, July 19th, Wall Street Journal reports. Stockholders of record on Tuesday, September 10th will be paid a dividend of 1.05 per share by the insurance provider on Monday, September 30th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date is Tuesday, September 10th.

Travelers Companies has raised its dividend payment by an average of 5.3% per year 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% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Travelers Companies to earn $20.16 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

Shares of TRV stock opened at $234.46 on Friday. 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 stock has a market cap of $53.44 billion, a PE ratio of 17.42, a price-to-earnings-growth ratio of 1.20 and a beta of 0.62. The stock has a 50-day moving average of $214.78 and a 200-day moving average of $216.30. Travelers Companies has a one year low of $157.33 and a one year high of $236.59.

Travelers Companies (NYSE:TRV) last posted its earnings results on Friday, July 19th. The insurance provider reported $2.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.23 by ($0.72). Travelers Companies had a return on equity of 15.90% and a net margin of 8.37%. The business had revenue of $11.28 billion for the quarter, compared to the consensus estimate of $11.35 billion. During the same period in the previous year, the company posted $0.06 earnings per share. Travelers Companies’s revenue for the quarter was up 11.7% compared to the same quarter last year. As a group, sell-side analysts expect that Travelers Companies will post 17.19 earnings per share for the current year.

Insiders Place Their Bets

In other news, EVP Michael Frederick Klein sold 10,000 shares of Travelers Companies stock in a transaction that occurred on 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 transaction, the executive vice president now directly owns 22,798 shares in the company, valued at approximately $4,820,409.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.33% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Royal Bank of Canada reissued a “sector perform” rating and set a $225.00 target price on shares of Travelers Companies in a research note on Monday, July 22nd. Citigroup increased their target price on Travelers Companies from $200.00 to $203.00 and gave the stock a “sell” rating in a research note on Tuesday, July 30th. StockNews.com raised Travelers Companies from a “hold” rating to a “buy” rating in a research note on Monday, July 22nd. Barclays assumed coverage on Travelers Companies in a research report on Wednesday. They set an “overweight” rating and a $286.00 price target for the company. Finally, William Blair reiterated a “market perform” rating on shares of Travelers Companies in a report on Friday, June 28th. Four research analysts have rated the stock with a sell rating, thirteen have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $227.05.

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.