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

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

Travelers Companies has increased its dividend payment by an average of 5.9% annually over the last three years and has increased 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. 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

NYSE:TRV opened at $241.29 on Friday. The business’s 50-day simple moving average is $248.31 and its two-hundred day simple moving average is $236.80. Travelers Companies has a 52 week low of $200.21 and a 52 week high of $269.55. The stock has a market cap of $54.78 billion, a PE 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 (NYSE:TRV) last posted its quarterly earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share for the quarter, topping the consensus estimate of $6.50 by $2.65. The business had revenue of $12.01 billion during the quarter, compared to the consensus estimate of $10,795,375 billion. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The firm’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same period in the prior year, the company posted $7.01 EPS. As a group, analysts forecast that Travelers Companies will post 20.33 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on TRV. HSBC upgraded shares of Travelers Companies from a “hold” rating to a “buy” rating and set a $290.00 price objective on the stock in a research report on Tuesday, December 10th. The Goldman Sachs Group raised shares of Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 price objective on the stock in a research report on Wednesday, January 8th. Roth Mkm boosted their target price on Travelers Companies from $240.00 to $300.00 and gave the company a “buy” rating in a research report on Monday, October 21st. Bank of America raised their price target on Travelers Companies from $241.00 to $265.00 and gave the stock an “underperform” rating in a research note on Thursday, October 17th. Finally, Barclays upped their price objective on Travelers Companies from $278.00 to $287.00 and gave the company an “overweight” rating in a research report on Friday. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Travelers Companies presently has a consensus rating of “Hold” and a consensus target price of $260.11.

Insiders Place Their Bets

In other news, EVP Andy F. Bessette sold 4,520 shares of the business’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $253.46, for a total value of $1,145,639.20. Following the transaction, the executive vice president now owns 16,976 shares of the company’s stock, valued at approximately $4,302,736.96. The trade was a 21.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Vice Chairman William H. Heyman sold 3,740 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $264.80, for a total value of $990,352.00. Following the sale, the insider now directly owns 250,384 shares of the company’s stock, valued at approximately $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 have sold a total of 18,670 shares of company stock valued at $4,861,329 over the last quarter. Company insiders own 1.33% of the company’s stock.

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.