The Travelers Companies, Inc. (TRV) To Go Ex-Dividend on March 10th

The Travelers Companies, Inc. (NYSE:TRV) announced a quarterly dividend on Wednesday, January 21st. Investors of record on Tuesday, March 10th will be paid a dividend of 1.10 per share by the insurance provider on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Tuesday, March 10th.

Travelers Companies has raised its dividend by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 21 consecutive years. Travelers Companies has a payout ratio of 17.9% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Travelers Companies to earn $23.09 per share next year, which means the company should continue to be able to cover its $4.40 annual dividend with an expected future payout ratio of 19.1%.

Travelers Companies Stock Performance

Shares of TRV stock opened at $306.43 on Friday. The stock’s 50-day moving average is $290.84 and its two-hundred day moving average is $283.37. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.33 and a current ratio of 0.33. Travelers Companies has a 1 year low of $230.43 and a 1 year high of $313.12. The firm has a market cap of $66.26 billion, a price-to-earnings ratio of 11.13, a PEG ratio of 2.86 and a beta of 0.49.

Travelers Companies (NYSE:TRV) last posted its earnings results on Wednesday, January 21st. The insurance provider reported $11.13 earnings per share for the quarter, beating the consensus estimate of $8.34 by $2.79. The business had revenue of $12.43 billion during the quarter, compared to the consensus estimate of $11.13 billion. Travelers Companies had a return on equity of 20.70% and a net margin of 12.88%.The business’s quarterly revenue was up 3.5% on a year-over-year basis. During the same period in the previous year, the business earned $9.15 EPS. Analysts predict that Travelers Companies will post 17.02 earnings per share for the current year.

Insider Buying and Selling

In other Travelers Companies news, CEO Alan D. Schnitzer sold 55,733 shares of the company’s stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $294.70, for a total transaction of $16,424,515.10. Following the completion of the transaction, the chief executive officer owned 260,329 shares in the company, valued at approximately $76,718,956.30. This represents a 17.63% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Maria Olivo sold 10,400 shares of the firm’s stock in a transaction on Friday, February 6th. The stock was sold at an average price of $300.75, for a total transaction of $3,127,800.00. Following the completion of the sale, the executive vice president owned 117,596 shares of the company’s stock, valued at $35,366,997. This trade represents a 8.13% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 92,845 shares of company stock valued at $27,239,631 in the last ninety days. Company insiders own 1.46% of the company’s stock.

Institutional Investors Weigh In On Travelers Companies

A number of hedge funds have recently added to or reduced their stakes in TRV. Brighton Jones LLC increased its position in Travelers Companies by 13.4% during the 4th quarter. Brighton Jones LLC now owns 3,277 shares of the insurance provider’s stock worth $789,000 after purchasing an additional 387 shares during the period. Revolve Wealth Partners LLC acquired a new stake in shares of Travelers Companies in the 4th quarter valued at approximately $276,000. Atlantic Union Bankshares Corp boosted its stake in shares of Travelers Companies by 18.0% in the second quarter. Atlantic Union Bankshares Corp now owns 10,649 shares of the insurance provider’s stock valued at $2,849,000 after buying an additional 1,628 shares in the last quarter. Golden State Wealth Management LLC boosted its stake in shares of Travelers Companies by 283.9% in the second quarter. Golden State Wealth Management LLC now owns 119 shares of the insurance provider’s stock valued at $32,000 after buying an additional 88 shares in the last quarter. Finally, Modera Wealth Management LLC grew its holdings in Travelers Companies by 4.9% during the second quarter. Modera Wealth Management LLC now owns 2,316 shares of the insurance provider’s stock worth $620,000 after acquiring an additional 109 shares during the period. Institutional investors and hedge funds own 82.45% of the company’s stock.

About Travelers Companies

The Travelers Companies, Inc (NYSE: TRV) is a leading provider of property and casualty insurance products and services. The company underwrites a broad range of commercial and personal insurance lines, offering coverage designed to protect individuals, small and midsize businesses, and large corporate clients against property loss, liability, and other operational risks. Travelers is known for combining underwriting, claims management and risk control services to help clients prevent losses and recover when incidents occur.

On the commercial side, Travelers writes primary and specialty coverages including property, general liability, commercial auto, workers’ compensation, professional and management liability, surety and inland marine.