The Travelers Companies, Inc. (NYSE:TRV) Declares $1.25 Quarterly Dividend

The Travelers Companies, Inc. (NYSE:TRV) declared a quarterly dividend on Friday, July 17th. Shareholders of record on Thursday, September 10th will be given a dividend of 1.25 per share by the insurance provider on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Thursday, September 10th.

Travelers Companies has increased its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 21 consecutive years. Travelers Companies has a dividend payout ratio of 20.3% meaning its dividend is sufficiently covered by earnings. Research analysts expect Travelers Companies to earn $28.42 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 17.6%.

Travelers Companies Price Performance

Shares of TRV stock opened at $369.50 on Friday. The stock’s fifty day moving average is $314.35 and its 200-day moving average is $301.51. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.35 and a current ratio of 0.35. The stock has a market capitalization of $78.57 billion, a PE ratio of 10.99, a PEG ratio of 3.00 and a beta of 0.46. Travelers Companies has a 52 week low of $252.26 and a 52 week high of $370.43.

Travelers Companies (NYSE:TRV) last announced its earnings results on Friday, July 17th. The insurance provider reported $10.04 earnings per share for the quarter, beating analysts’ consensus estimates of $5.41 by $4.63. Travelers Companies had a return on equity of 24.06% and a net margin of 15.54%.The company had revenue of $12.15 billion during the quarter, compared to analyst estimates of $11.26 billion. During the same period last year, the company posted $6.51 earnings per share. The firm’s quarterly revenue was up .3% compared to the same quarter last year. Equities research analysts expect that Travelers Companies will post 28.39 EPS for the current fiscal year.

Insider Activity

In other Travelers Companies news, insider Avrohom J. Kess sold 6,735 shares of the company’s stock in a transaction on Tuesday, April 28th. The shares were sold at an average price of $308.78, for a total transaction of $2,079,633.30. Following the completion of the sale, the insider owned 48,737 shares in the company, valued at approximately $15,049,010.86. The trade was a 12.14% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Diane Kurtzman sold 2,867 shares of the stock in a transaction on Monday, April 20th. The shares were sold at an average price of $303.45, for a total value of $869,991.15. Following the completion of the transaction, the executive vice president directly owned 5,298 shares in the company, valued at approximately $1,607,678.10. This trade represents a 35.11% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 37,573 shares of company stock worth $11,504,146. Corporate insiders own 1.39% of the company’s stock.

Hedge Funds Weigh In On Travelers Companies

Several institutional investors have recently modified their holdings of TRV. Arbejdsmarkedets Tillaegspension acquired a new position in shares of Travelers Companies in the fourth quarter valued at approximately $24,167,000. Rit Capital Partners PLC acquired a new stake in shares of Travelers Companies during the fourth quarter worth $39,450,000. Robeco Institutional Asset Management B.V. lifted its position in Travelers Companies by 17.3% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 901,938 shares of the insurance provider’s stock valued at $261,616,000 after acquiring an additional 133,152 shares in the last quarter. AIA Group Ltd bought a new stake in Travelers Companies in the 3rd quarter valued at $1,773,000. Finally, UBS Group AG boosted its stake in Travelers Companies by 5.3% in the 4th quarter. UBS Group AG now owns 1,774,756 shares of the insurance provider’s stock worth $514,786,000 after purchasing an additional 89,159 shares during the period. 82.45% of the stock is currently owned by institutional investors and hedge funds.

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.