The Travelers Companies, Inc. (NYSE:TRV) Declares Quarterly Dividend of $1.05

The Travelers Companies, Inc. (NYSE:TRV - Get Free Report) declared a quarterly dividend on Wednesday, April 17th, RTT News reports. Stockholders of record on Monday, June 10th will be paid a dividend of 1.05 per share by the insurance provider on Friday, June 28th. This represents a $4.20 annualized dividend and a dividend yield of 2.03%. This is a boost from Travelers Companies's previous quarterly dividend of $1.00.

Travelers Companies has raised its dividend by an average of 5.3% per year over the last three years and has raised its dividend every year for the last 19 years. Travelers Companies has a dividend payout ratio of 19.2% meaning its dividend is sufficiently covered by earnings. Analysts expect Travelers Companies to earn $20.18 per share next year, which means the company should continue to be able to cover its $4.00 annual dividend with an expected future payout ratio of 19.8%.

Travelers Companies Trading Down 7.4 %

NYSE:TRV traded down $16.54 during trading hours on Wednesday, hitting $206.58. The company had a trading volume of 5,721,566 shares, compared to its average volume of 1,493,585. The company has a market capitalization of $47.33 billion, a PE ratio of 16.15, a price-to-earnings-growth ratio of 1.16 and a beta of 0.58. The stock has a 50-day moving average price of $222.02 and a 200 day moving average price of $196.10. Travelers Companies has a 52 week low of $157.33 and a 52 week high of $232.75. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.34 and a quick ratio of 0.34.

Travelers Companies (NYSE:TRV - Get Free Report) last released its quarterly earnings results on Wednesday, April 17th. The insurance provider reported $4.69 earnings per share for the quarter, missing the consensus estimate of $4.74 by ($0.05). The company had revenue of $11.23 billion during the quarter, compared to the consensus estimate of $10.62 billion. Travelers Companies had a net margin of 7.23% and a return on equity of 13.68%. The business's revenue was up 15.7% on a year-over-year basis. During the same quarter last year, the firm earned $4.11 EPS. On average, equities research analysts predict that Travelers Companies will post 17.62 EPS for the current fiscal year.

Wall Street Analyst Weigh In

TRV has been the topic of several recent analyst reports. Oppenheimer reiterated a "market perform" rating on shares of Travelers Companies in a report on Friday, April 5th. Royal Bank of Canada raised their price objective on Travelers Companies from $185.00 to $210.00 and gave the company a "sector perform" rating in a research report on Monday, January 22nd. The Goldman Sachs Group raised their price objective on Travelers Companies from $186.00 to $212.00 and gave the company a "sell" rating in a research report on Friday, April 12th. Morgan Stanley raised their price objective on Travelers Companies from $222.00 to $230.00 and gave the company an "equal weight" rating in a research report on Monday. Finally, Piper Sandler reissued a "neutral" rating and set a $213.00 price objective on shares of Travelers Companies in a research report on Monday, April 1st. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $217.00.

Insiders Place Their Bets

In other Travelers Companies news, EVP Michael Frederick Klein sold 12,287 shares of the business's stock in a transaction dated Tuesday, January 23rd. The stock was sold at an average price of $210.68, for a total value of $2,588,625.16. Following the completion of the transaction, the executive vice president now owns 14,080 shares of the company's stock, valued at approximately $2,966,374.40. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Travelers Companies news, EVP Michael Frederick Klein sold 12,287 shares of the business's stock in a transaction dated Tuesday, January 23rd. The stock was sold at an average price of $210.68, for a total value of $2,588,625.16. Following the completion of the transaction, the executive vice president now owns 14,080 shares of the company's stock, valued at approximately $2,966,374.40. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Vice Chairman William H. Heyman sold 26,633 shares of the business's stock in a transaction dated Tuesday, January 23rd. The stock was sold at an average price of $212.76, for a total value of $5,666,437.08. Following the completion of the transaction, the insider now directly owns 255,178 shares of the company's stock, valued at approximately $54,291,671.28. The disclosure for this sale can be found here. In the last 90 days, insiders sold 109,775 shares of company stock valued at $23,343,903. 1.33% of the stock is owned by insiders.

Institutional Investors Weigh In On Travelers Companies

Large investors have recently made changes to their positions in the company. FWL Investment Management LLC bought a new stake in shares of Travelers Companies during the 4th quarter valued at about $28,000. Quarry LP bought a new stake in shares of Travelers Companies during the 4th quarter valued at about $33,000. AM Squared Ltd bought a new stake in shares of Travelers Companies during the 1st quarter valued at about $34,000. Altshuler Shaham Ltd bought a new stake in shares of Travelers Companies during the 4th quarter valued at about $46,000. Finally, Tyler Stone Wealth Management bought a new stake in shares of Travelers Companies during the 2nd quarter valued at about $46,000. 82.45% of the stock is currently owned by institutional investors.

About Travelers Companies

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.