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

The Travelers Companies, Inc. (NYSE:TRV) declared a quarterly dividend on Thursday, January 23rd,Wall Street Journal reports. Investors 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 yield of 1.74%. The ex-dividend date of this dividend is Monday, March 10th.

Travelers Companies has increased its dividend by an average of 5.9% per year over the last three years and has increased 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. Research analysts expect Travelers Companies to earn $22.15 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 19.0%.

Travelers Companies Price Performance

Shares of NYSE TRV opened at $241.75 on Friday. The stock’s 50-day moving average is $248.61 and its two-hundred day moving average is $236.77. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.33 and a quick ratio of 0.34. The company has a market cap of $54.88 billion, a price-to-earnings ratio of 11.26, a price-to-earnings-growth ratio of 1.09 and a beta of 0.65. Travelers Companies has a 1-year low of $200.21 and a 1-year high of $269.55.

Travelers Companies (NYSE:TRV) last issued its earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share for the quarter, beating the consensus estimate of $6.50 by $2.65. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The firm had revenue of $12.01 billion for the quarter, compared to analysts’ expectations of $10,795,375 billion. During the same quarter last year, the company earned $7.01 earnings per share. The firm’s revenue was up 9.9% compared to the same quarter last year. Analysts forecast that Travelers Companies will post 20.33 EPS for the current fiscal year.

Insider Transactions at Travelers Companies

In other news, EVP Andy F. Bessette sold 4,520 shares of the business’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $253.46, for a total transaction of $1,145,639.20. Following the transaction, the executive vice president now directly owns 16,976 shares in the company, valued at $4,302,736.96. The trade was a 21.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Vice Chairman William H. Heyman sold 3,740 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $264.80, for a total transaction of $990,352.00. Following the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 18,670 shares of company stock worth $4,861,329 over the last 90 days. 1.33% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on TRV. Piper Sandler upgraded shares of Travelers Companies from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $259.00 to $310.00 in a research note on Friday. BMO Capital Markets upped their price objective on Travelers Companies from $233.00 to $270.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. Royal Bank of Canada reissued a “sector perform” rating and set a $268.00 target price (down previously from $273.00) on shares of Travelers Companies in a research report on Thursday. Hsbc Global Res upgraded Travelers Companies from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 10th. Finally, Roth Mkm increased their price target on shares of Travelers Companies from $240.00 to $300.00 and gave the company a “buy” rating in a research note on Monday, October 21st. Four research analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Travelers Companies currently has a consensus rating of “Hold” and a consensus price target of $258.21.

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.