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

The Travelers Companies, Inc. (NYSE:TRV) announced a quarterly dividend on Wednesday, April 17th, RTT News reports. Investors of record on Monday, June 10th will be paid a dividend of 1.05 per share by the insurance provider on Friday, June 28th. This represents a $4.20 annualized dividend and a dividend yield of 2.05%. This is a boost from Travelers Companies’s previous quarterly dividend of $1.00.

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 annually for the last 19 consecutive years. Travelers Companies has a payout ratio of 19.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Travelers Companies to earn $20.18 per share next year, which means the company should continue to be able to cover its $4.00 annual dividend with an expected future payout ratio of 19.8%.

Travelers Companies Stock Performance

Shares of TRV traded down $17.81 during trading hours on Wednesday, hitting $205.31. The stock had a trading volume of 4,543,431 shares, compared to its average volume of 1,470,029. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.34 and a quick ratio of 0.34. Travelers Companies has a 12 month low of $157.33 and a 12 month high of $232.75. The firm has a market capitalization of $47.04 billion, a PE ratio of 16.13, a PEG ratio of 1.16 and a beta of 0.58. The stock has a fifty day moving average price of $222.02 and a 200 day moving average price of $196.10.

Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Friday, January 19th. The insurance provider reported $7.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.10 by $1.91. Travelers Companies had a return on equity of 13.68% and a net margin of 7.23%. The business had revenue of $10.93 billion during the quarter, compared to analyst estimates of $10.18 billion. During the same quarter in the previous year, the company posted $3.40 earnings per share. Travelers Companies’s revenue for the quarter was up 13.4% on a year-over-year basis. Analysts anticipate that Travelers Companies will post 17.62 EPS for the current year.

Insider Activity

In other news, Vice Chairman William H. Heyman sold 4,500 shares of the company’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $215.06, for a total transaction of $967,770.00. Following the transaction, the insider now owns 255,178 shares of the company’s stock, valued at $54,878,580.68. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, Vice Chairman William H. Heyman sold 4,500 shares of the stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $215.06, for a total value of $967,770.00. Following the transaction, the insider now owns 255,178 shares of the company’s stock, valued at $54,878,580.68. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Daniel S. Frey sold 38,000 shares of the stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $212.55, for a total value of $8,076,900.00. Following the completion of the transaction, the chief financial officer now directly owns 14,810 shares in the company, valued at approximately $3,147,865.50. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 109,775 shares of company stock valued at $23,343,903. 1.33% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of TRV. Fortis Capital Advisors LLC bought a new stake in Travelers Companies during the 4th quarter valued at $102,000. O Dell Group LLC bought a new stake in Travelers Companies during the 4th quarter valued at $97,000. Brown Brothers Harriman & Co. boosted its position in Travelers Companies by 139.8% during the 1st quarter. Brown Brothers Harriman & Co. now owns 446 shares of the insurance provider’s stock valued at $81,000 after acquiring an additional 260 shares in the last quarter. Strategic Investment Solutions Inc. IL bought a new stake in Travelers Companies during the 1st quarter valued at $69,000. Finally, Sunbelt Securities Inc. bought a new stake in Travelers Companies during the 1st quarter valued at $61,000. Institutional investors own 82.45% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on TRV shares. The Goldman Sachs Group boosted their price target on Travelers Companies from $186.00 to $212.00 and gave the company a “sell” rating in a report on Friday, April 12th. Evercore ISI upped their price objective on Travelers Companies from $230.00 to $253.00 and gave the stock an “outperform” rating in a research note on Thursday, April 11th. Piper Sandler reaffirmed a “neutral” rating and issued a $213.00 price objective on shares of Travelers Companies in a research note on Monday, April 1st. Royal Bank of Canada upped their price objective on Travelers Companies from $185.00 to $210.00 and gave the stock a “sector perform” rating in a research note on Monday, January 22nd. Finally, Oppenheimer reaffirmed a “market perform” rating on shares of Travelers Companies in a research note on Friday, April 5th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Travelers Companies currently has a consensus rating of “Hold” and a consensus price target of $217.00.

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.