The Travelers Companies, Inc. (NYSE:TRV) Increases Dividend to $1.05 Per Share

The Travelers Companies, Inc. (NYSE:TRV) announced a quarterly dividend on Wednesday, April 17th, RTT News reports. Shareholders of record on Monday, June 10th will be given a dividend of 1.05 per share by the insurance provider on Friday, June 28th. This represents a $4.20 annualized dividend and a yield of 2.05%. This is an increase from Travelers Companies’s previous quarterly dividend of $1.00.

Travelers Companies has increased its dividend payment by an average of 5.3% annually over the last three years and has raised its dividend every year for the last 19 years. Travelers Companies has a payout ratio of 19.2% meaning its dividend is sufficiently covered by earnings. Equities 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 8.0 %

TRV stock traded down $17.81 during midday trading on Wednesday, hitting $205.31. The stock had a trading volume of 4,543,431 shares, compared to its average volume of 1,470,029. The firm has a market cap of $47.04 billion, a PE ratio of 16.13, a price-to-earnings-growth ratio of 1.16 and a beta of 0.58. 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 has a 12-month low of $157.33 and a 12-month high of $232.75. The company’s 50-day moving average price is $222.02 and its 200 day moving average price is $196.10.

Travelers Companies (NYSE:TRV) last released its earnings results on Friday, January 19th. The insurance provider reported $7.01 EPS for the quarter, topping the consensus estimate of $5.10 by $1.91. The firm had revenue of $10.93 billion during the quarter, compared to analysts’ expectations of $10.18 billion. Travelers Companies had a net margin of 7.23% and a return on equity of 13.68%. Travelers Companies’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same period in the previous year, the company earned $3.40 EPS. On average, equities research analysts predict that Travelers Companies will post 17.62 earnings per share for the current fiscal year.

Insider Transactions at Travelers Companies

In other news, CFO Daniel S. Frey sold 38,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $212.55, for a total value of $8,076,900.00. Following the completion of the sale, the chief financial officer now directly owns 14,810 shares of the company’s stock, valued at approximately $3,147,865.50. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CFO Daniel S. Frey sold 38,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $212.55, for a total value of $8,076,900.00. Following the completion of the sale, the chief financial officer now directly owns 14,810 shares of the company’s stock, valued at approximately $3,147,865.50. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Vice Chairman William H. Heyman sold 26,633 shares of the company’s stock in a transaction that occurred on Tuesday, January 23rd. The stock was sold at an average price of $212.76, for a total transaction of $5,666,437.08. Following the completion of the sale, the insider now directly owns 255,178 shares of the company’s stock, valued at $54,291,671.28. The disclosure for this sale can be found here. In the last three months, insiders sold 109,775 shares of company stock valued at $23,343,903. Company insiders own 1.33% of the company’s stock.

Institutional Trading of Travelers Companies

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Sequoia Financial Advisors LLC lifted its stake in Travelers Companies by 1.9% during the first quarter. Sequoia Financial Advisors LLC now owns 3,074 shares of the insurance provider’s stock valued at $562,000 after purchasing an additional 58 shares during the last quarter. Equitable Holdings Inc. lifted its stake in Travelers Companies by 2.5% during the second quarter. Equitable Holdings Inc. now owns 2,816 shares of the insurance provider’s stock valued at $489,000 after purchasing an additional 70 shares during the last quarter. Integrated Wealth Concepts LLC lifted its position in shares of Travelers Companies by 1.1% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 6,221 shares of the insurance provider’s stock valued at $1,016,000 after acquiring an additional 70 shares in the last quarter. Dana Investment Advisors Inc. increased its stake in Travelers Companies by 4.3% in the 2nd quarter. Dana Investment Advisors Inc. now owns 1,946 shares of the insurance provider’s stock valued at $338,000 after buying an additional 80 shares during the period. Finally, Centaurus Financial Inc. increased its stake in Travelers Companies by 3.2% in the 2nd quarter. Centaurus Financial Inc. now owns 2,663 shares of the insurance provider’s stock valued at $462,000 after buying an additional 82 shares during the period. 82.45% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TRV has been the subject of several research reports. Citigroup boosted their price objective on shares of Travelers Companies from $215.00 to $226.00 and gave the company a “neutral” rating in a research note on Tuesday. Piper Sandler reissued a “neutral” rating and set a $213.00 price objective on shares of Travelers Companies in a research note on Monday, April 1st. Oppenheimer restated a “market perform” rating on shares of Travelers Companies in a report on Friday, April 5th. Janney Montgomery Scott initiated coverage on shares of Travelers Companies in a report on Wednesday, December 20th. They set a “buy” rating and a $215.00 target price on the stock. Finally, Morgan Stanley lifted their target price on shares of Travelers Companies from $222.00 to $230.00 and gave the company an “equal weight” rating in a report on Monday. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $217.00.

Travelers Companies Company Profile

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.