The Travelers Companies, Inc. (NYSE:TRV) Declares $1.10 Quarterly Dividend

Key Points

• The Travelers Companies has declared a quarterly dividend of $1.10 per share, payable on December 31st to stockholders of record as of December 10th, representing an annualized dividend yield of 1.7%.
• The company reported earnings of $8.14 per share in its latest quarterly results, exceeding analysts' expectations of $6.01, with a revenue of $11.47 billion.
• Travelers Companies' stock has seen a trading decrease of 2.9%, with a current price of $261.61 and a market cap of $58.90 billion.

The Travelers Companies, Inc. (NYSE:TRV - Get Free Report) announced a quarterly dividend on Thursday, October 16th. Stockholders of record on Wednesday, December 10th will be given a dividend of 1.10 per share by the insurance provider on Wednesday, December 31st. This represents a c) annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Wednesday, December 10th.

Travelers Companies has a dividend 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 Trading Down 2.9%

TRV traded down $7.84 on Thursday, reaching $261.61. 2,403,701 shares of the company traded hands, compared to its average volume of 1,295,978. The company has a market cap of $58.90 billion, a P/E ratio of 11.57, a price-to-earnings-growth ratio of 3.06 and a beta of 0.51. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.27. Travelers Companies has a one year low of $230.23 and a one year high of $287.95. The firm has a fifty day simple moving average of $274.06 and a two-hundred day simple moving average of $266.33.

Travelers Companies (NYSE:TRV - Get Free Report) last released its quarterly earnings data on Thursday, October 16th. The insurance provider reported $8.14 EPS for the quarter, topping the consensus estimate of $6.01 by $2.13. The company had revenue of $11.47 billion for the quarter, compared to the consensus estimate of $11.15 billion. Travelers Companies had a return on equity of 18.68% and a net margin of 10.97%.Travelers Companies's quarterly revenue was up 4.8% on a year-over-year basis. During the same period last year, the business posted $5.24 EPS. As a group, equities research analysts expect that Travelers Companies will post 17.02 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have commented on the company. Weiss Ratings restated a "buy (b)" rating on shares of Travelers Companies in a report on Tuesday. Wall Street Zen upgraded shares of Travelers Companies from a "hold" rating to a "buy" rating in a report on Saturday, October 11th. Wolfe Research began coverage on shares of Travelers Companies in a report on Monday, September 15th. They issued a "peer perform" rating for the company. Morgan Stanley boosted their price target on shares of Travelers Companies from $269.00 to $285.00 and gave the company an "equal weight" rating in a report on Tuesday, October 7th. Finally, Barclays set a $313.00 price target on shares of Travelers Companies in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Travelers Companies currently has a consensus rating of "Hold" and a consensus target price of $290.11.

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.

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