The Travelers Companies, Inc. to Issue Quarterly Dividend of $1.10 (NYSE:TRV)

The Travelers Companies, Inc. (NYSE:TRV) announced a quarterly dividend on Wednesday, January 21st. Shareholders of record on Tuesday, March 10th will be given a dividend of 1.10 per share by the insurance provider on Tuesday, March 31st. This represents a c) annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Tuesday, March 10th.

Travelers Companies has increased its dividend by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 21 years. Travelers Companies has a payout ratio of 17.9% meaning its dividend is sufficiently covered by earnings. 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 NYSE TRV traded up $3.09 during mid-day trading on Wednesday, hitting $272.70. The company had a trading volume of 2,569,761 shares, compared to its average volume of 1,796,645. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.29. Travelers Companies has a 1 year low of $230.43 and a 1 year high of $296.85. The company has a market capitalization of $60.83 billion, a price-to-earnings ratio of 10.72, a P/E/G ratio of 2.57 and a beta of 0.52. The stock’s 50-day moving average price is $285.82 and its 200-day moving average price is $275.51.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Wednesday, January 21st. The insurance provider reported $11.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $8.34 by $2.79. The business had revenue of $12.43 billion for the quarter, compared to analysts’ expectations of $11.13 billion. Travelers Companies had a return on equity of 20.28% and a net margin of 12.14%.The firm’s quarterly revenue was up 3.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $9.15 EPS. On average, sell-side analysts forecast that Travelers Companies will post 17.02 earnings per share for the current year.

Insider Buying and Selling

In related news, EVP Maria Olivo sold 8,920 shares of the firm’s stock in a transaction that occurred on Wednesday, November 26th. The stock was sold at an average price of $295.73, for a total transaction of $2,637,911.60. Following the transaction, the executive vice president directly owned 117,596 shares in the company, valued at $34,776,665.08. This trade represents a 7.05% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Michael Frederick Klein sold 8,572 shares of the business’s stock in a transaction that occurred on Tuesday, October 28th. The shares were sold at an average price of $270.73, for a total value of $2,320,697.56. Following the completion of the sale, the executive vice president owned 33,638 shares of the company’s stock, valued at $9,106,815.74. The trade was a 20.31% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 46,295 shares of company stock worth $13,011,918 in the last ninety days. Corporate insiders own 1.46% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Yousif Capital Management LLC boosted its position in Travelers Companies by 0.3% during the 4th quarter. Yousif Capital Management LLC now owns 29,719 shares of the insurance provider’s stock valued at $8,012,000 after buying an additional 99 shares during the period. Greenleaf Trust boosted its holdings in shares of Travelers Companies by 0.4% during the fourth quarter. Greenleaf Trust now owns 10,036 shares of the insurance provider’s stock worth $2,911,000 after purchasing an additional 37 shares during the period. 4WEALTH Advisors Inc. grew its stake in shares of Travelers Companies by 2.5% in the fourth quarter. 4WEALTH Advisors Inc. now owns 1,868 shares of the insurance provider’s stock worth $542,000 after purchasing an additional 46 shares during the last quarter. Clayton Financial Group LLC increased its holdings in Travelers Companies by 41.0% during the 4th quarter. Clayton Financial Group LLC now owns 141 shares of the insurance provider’s stock valued at $41,000 after purchasing an additional 41 shares during the period. Finally, MBL Wealth LLC purchased a new position in Travelers Companies during the 4th quarter valued at about $203,000. 82.45% of the stock is owned by hedge funds and other institutional investors.

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.