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

The Travelers Companies, Inc. (NYSE:TRV) announced a quarterly dividend on Friday, July 19th, Wall Street Journal reports. Investors of record on Tuesday, September 10th will be given 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 increased its dividend payment by an average of 5.3% per year over the last three years and has increased its dividend every year for the last 20 years. Travelers Companies has a dividend payout ratio of 20.4% meaning its dividend is sufficiently covered by earnings. Research 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 Trading Up 1.1 %

NYSE:TRV opened at $234.46 on Monday. The stock has a market capitalization of $53.44 billion, a price-to-earnings ratio of 17.42, a PEG ratio of 1.22 and a beta of 0.62. Travelers Companies has a 1 year low of $157.33 and a 1 year high of $236.59. The stock has a fifty day moving average price of $214.78 and a two-hundred day moving average price of $216.27. 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 (NYSE:TRV) last announced its quarterly earnings data on Friday, July 19th. The insurance provider reported $2.51 EPS for the quarter, missing the consensus estimate of $3.23 by ($0.72). Travelers Companies had a net margin of 8.37% and a return on equity of 15.90%. The company had revenue of $11.28 billion during the quarter, compared to analyst estimates of $11.35 billion. During the same quarter last year, the business earned $0.06 EPS. The firm’s revenue for the quarter was up 11.7% on a year-over-year basis. As a group, sell-side analysts anticipate that Travelers Companies will post 17.19 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Michael Frederick Klein sold 10,000 shares of the company’s stock in a transaction dated Thursday, July 25th. The shares were 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 owns 22,798 shares of the company’s stock, valued at approximately $4,820,409.12. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 1.33% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Bank of America boosted their price target on Travelers Companies from $202.00 to $223.00 and gave the stock an “underperform” rating in a research note on Monday, July 22nd. William Blair reissued a “market perform” rating on shares of Travelers Companies in a report on Friday, June 28th. Deutsche Bank Aktiengesellschaft lifted their price target on Travelers Companies from $221.00 to $234.00 and gave the stock a “hold” rating in a research note on Wednesday, August 7th. StockNews.com raised shares of Travelers Companies from a “hold” rating to a “buy” rating in a research note on Monday, July 22nd. Finally, TD Cowen cut shares of Travelers Companies from a “buy” rating to a “hold” rating and cut their target price for the stock from $252.00 to $230.00 in a research 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 issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target 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.