The Travelers Companies, Inc. (TRV) to Distribute Quarterly Dividend of $1.25 on December 31st

The Travelers Companies, Inc. (NYSE:TRV) announced a quarterly dividend on Friday, October 16th. Shareholders of record on Thursday, December 10th will be given a dividend of $1.25 per share by the insurance provider on Thursday, December 31st. This represents a $5.00 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Thursday, December 10th.

Travelers Companies has increased its dividend payment 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 20.3% meaning its dividend is sufficiently covered by earnings. Analysts expect Travelers Companies to earn $30.23 per share next year, which means the company should continue to be able to cover its $5.00 annual dividend with an expected future payout ratio of 16.5%.

Travelers Companies Stock Performance

Shares of NYSE TRV opened at $388.66 on Friday. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.27. The business’s 50 day moving average is $368.98 and its two-hundred day moving average is $337.49. The company has a market cap of $81.07 billion, a P/E ratio of 10.19, a P/E/G ratio of 3.01 and a beta of 0.43. Travelers Companies has a 12 month low of $261.87 and a 12 month high of $398.70.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Friday, October 16th. The insurance provider reported $9.18 EPS for the quarter, topping analysts’ consensus estimates of $7.39 by $1.79. Travelers Companies had a return on equity of 25.41% and a net margin of 16.95%. The company had revenue of $12.41 billion during the quarter, compared to analyst estimates of $11.36 billion. During the same period in the previous year, the company earned $8.14 earnings per share. The company’s quarterly revenue was down .5% compared to the same quarter last year. On average, equities analysts expect that Travelers Companies will post 34.25 EPS for the current year.

Insider Transactions at Travelers Companies

In other news, EVP Mojgan M. Lefebvre sold 16,313 shares of the stock in a transaction that occurred on Tuesday, July 21st. The stock was sold at an average price of $368.38, for a total value of $6,009,382.94. Following the completion of the transaction, the executive vice president directly owned 9,213 shares of the company’s stock, valued at approximately $3,393,884.94. This represents a 63.91% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Maria Olivo sold 6,000 shares of the firm’s stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $369.86, for a total value of $2,219,160.00. Following the transaction, the executive vice president owned 118,742 shares of the company’s stock, valued at $43,917,916.12. This trade represents a 4.81% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 58,667 shares of company stock valued at $21,830,989. Corporate insiders own 1.39% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. bought a new position in Travelers Companies during the 2nd quarter valued at about $6,915,909,000. Bank of America Corp DE acquired a new stake in shares of Travelers Companies during the second quarter worth approximately $932,142,000. GQG Partners LLC bought a new position in shares of Travelers Companies in the second quarter valued at approximately $789,024,000. Legal & General Group Plc acquired a new position in shares of Travelers Companies in the 2nd quarter worth approximately $558,164,000. Finally, Bank of New York Mellon Corp bought a new stake in Travelers Companies during the 2nd quarter worth approximately $469,505,000. 82.45% of the stock is owned by institutional investors.

Travelers Companies Company Profile

Travelers Companies, Inc is a property and casualty insurance company that provides insurance products and related services to businesses, government entities and individuals. The company offers coverage for property damage, liability, workers’ compensation, automobile accidents, cybersecurity risks and other exposures.

Travelers conducts its operations primarily through its Business Insurance, Bond & Specialty Insurance and Personal Insurance segments. Its products include commercial property and casualty policies, surety and fidelity bonds, homeowners insurance, personal automobile insurance and umbrella coverage.