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

The Travelers Companies, Inc. (NYSE:TRV) declared a quarterly dividend on Wednesday, January 21st. Shareholders of record on Tuesday, March 10th will be paid a dividend of 1.10 per share by the insurance provider on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Tuesday, March 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 annually for the last 21 consecutive years. Travelers Companies has a payout ratio of 17.9% indicating that its dividend is sufficiently covered by earnings. Equities 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 Trading Up 2.2%

Shares of TRV opened at $278.53 on Friday. Travelers Companies has a 1-year low of $230.43 and a 1-year high of $296.85. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.33 and a quick ratio of 0.35. The company has a market capitalization of $62.13 billion, a P/E ratio of 10.12, a P/E/G ratio of 2.60 and a beta of 0.52. The firm’s 50 day simple moving average is $285.38 and its 200 day simple moving average is $275.51.

Travelers Companies (NYSE:TRV) last released its earnings results on Wednesday, January 21st. The insurance provider reported $11.13 EPS for the quarter, beating 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 20.70% and a net margin of 12.88%.The firm’s revenue was up 3.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $9.15 earnings per share. Sell-side analysts forecast that Travelers Companies will post 17.02 earnings per share for the current fiscal year.

Travelers Companies declared that its board has approved a stock repurchase program on Wednesday, January 21st that allows the company to buyback $5.00 billion in outstanding shares. This buyback authorization allows the insurance provider to purchase up to 8.3% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

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.