The Travelers Companies, Inc. (NYSE:TRV) Raises Dividend to $1.10 Per Share

The Travelers Companies, Inc. (NYSE:TRV) announced a quarterly dividend on Thursday, April 17th, Wall Street Journal reports. Investors of record on Tuesday, June 10th will be given a dividend of 1.10 per share by the insurance provider on Monday, June 30th. This represents a $4.40 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date is Tuesday, June 10th. This is a 4.8% increase from Travelers Companies’s previous quarterly dividend of $1.05.

Travelers Companies has raised its dividend by an average of 5.9% per year over the last three years and has increased its dividend every year for the last 20 years. Travelers Companies has a dividend payout ratio of 17.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Travelers Companies to earn $23.09 per share next year, which means the company should continue to be able to cover its $4.20 annual dividend with an expected future payout ratio of 18.2%.

Travelers Companies Stock Performance

TRV stock traded up $3.57 during midday trading on Thursday, reaching $256.05. 1,682,050 shares of the company were exchanged, compared to its average volume of 1,309,520. The firm has a market capitalization of $58.05 billion, a price-to-earnings ratio of 11.93, a price-to-earnings-growth ratio of 4.65 and a beta of 0.48. The business has a 50-day moving average price of $251.88 and a two-hundred day moving average price of $249.07. Travelers Companies has a one year low of $200.21 and a one year high of $269.56. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.33 and a quick ratio of 0.33.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings results on Wednesday, April 16th. The insurance provider reported $1.91 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $1.38. The business had revenue of $10.52 billion for the quarter, compared to analyst estimates of $10.97 billion. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. During the same quarter in the prior year, the business earned $4.69 EPS. Equities research analysts forecast that Travelers Companies will post 17.02 EPS for the current year.

Institutional Trading of Travelers Companies

A hedge fund recently bought a new stake in Travelers Companies stock. Revolve Wealth Partners LLC acquired a new position in shares of The Travelers Companies, Inc. (NYSE:TRV) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,146 shares of the insurance provider’s stock, valued at approximately $276,000. 82.45% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on TRV. HSBC downgraded Travelers Companies from a “buy” rating to a “hold” rating and set a $270.00 target price for the company. in a report on Monday, March 24th. Wells Fargo & Company boosted their price target on Travelers Companies from $247.00 to $260.00 and gave the company an “equal weight” rating in a research note on Thursday. Evercore ISI increased their target price on Travelers Companies from $288.00 to $296.00 and gave the stock an “outperform” rating in a report on Thursday. Keefe, Bruyette & Woods upped their price objective on shares of Travelers Companies from $274.00 to $290.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, JPMorgan Chase & Co. boosted their target price on shares of Travelers Companies from $260.00 to $271.00 and gave the company an “underweight” rating in a research report on Tuesday, April 8th. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, Travelers Companies currently has an average rating of “Hold” and a consensus target price of $267.32.

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.