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

The Travelers Companies, Inc. (NYSE:TRV) declared a quarterly dividend on Thursday, January 23rd,Wall Street Journal reports. Shareholders of record on Monday, March 10th will be paid 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 is Monday, March 10th.

Travelers Companies has raised its dividend by an average of 5.9% per year over the last three years and has raised its dividend every year for the last 20 years. Travelers Companies has a payout ratio of 18.3% meaning its dividend is sufficiently covered by earnings. Equities 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 Trading Down 0.1 %

Shares of TRV stock opened at $241.29 on Friday. The stock has a market cap of $54.78 billion, a P/E ratio of 11.24, a P/E/G ratio of 1.09 and a beta of 0.65. The company has a quick ratio of 0.34, a current ratio of 0.33 and a debt-to-equity ratio of 0.29. Travelers Companies has a fifty-two week low of $200.21 and a fifty-two week high of $269.55. The business has a fifty day simple moving average of $248.31 and a 200-day simple moving average of $236.80.

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

Analysts Set New Price Targets

Several equities analysts recently commented on TRV shares. Barclays upped their price target on shares of Travelers Companies from $278.00 to $287.00 and gave the stock an “overweight” rating in a research report on Friday. Royal Bank of Canada reiterated a “sector perform” rating and issued a $268.00 target price (down previously from $273.00) on shares of Travelers Companies in a report on Thursday. Piper Sandler upgraded Travelers Companies from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $259.00 to $310.00 in a research note on Friday. Wells Fargo & Company lifted their price objective on Travelers Companies from $213.00 to $225.00 and gave the company an “underweight” rating in a research note on Thursday. Finally, Janney Montgomery Scott downgraded shares of Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 target price for the company. in a research report on Thursday, November 21st. Four investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $260.11.

Insider Transactions at Travelers Companies

In other news, EVP Maria Olivo sold 10,410 shares of the business’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $261.80, for a total value of $2,725,338.00. Following the sale, the executive vice president now owns 111,162 shares in the company, valued at approximately $29,102,211.60. The trade was a 8.56 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Vice Chairman William H. Heyman sold 3,740 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $264.80, for a total transaction of $990,352.00. Following the completion of the transaction, the insider now owns 250,384 shares in the company, valued at approximately $66,301,683.20. This trade represents a 1.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 18,670 shares of company stock worth $4,861,329. Company insiders own 1.33% of the company’s stock.

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.