The Travelers Companies, Inc. (TRV) To Go Ex-Dividend on September 10th

The Travelers Companies, Inc. (NYSE:TRV) announced a quarterly dividend on Friday, July 17th. Shareholders of record on Thursday, September 10th will be paid 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 of this dividend is Thursday, September 10th.

Travelers Companies has raised its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 21 years. Travelers Companies has a dividend payout ratio of 20.3% indicating that its dividend is sufficiently covered by earnings. Analysts expect Travelers Companies to earn $28.54 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 17.5%.

Travelers Companies Price Performance

NYSE:TRV opened at $369.50 on Friday. The firm has a market capitalization of $78.57 billion, a price-to-earnings ratio of 9.90, a PEG ratio of 3.28 and a beta of 0.46. Travelers Companies has a 1 year low of $252.26 and a 1 year high of $370.43. The business has a 50 day simple moving average of $314.35 and a 200-day simple moving average of $301.51. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.35 and a quick ratio of 0.35.

Travelers Companies (NYSE:TRV) last announced its earnings results on Friday, July 17th. The insurance provider reported $10.04 EPS for the quarter, topping analysts’ consensus estimates of $5.41 by $4.63. The firm had revenue of $12.15 billion during the quarter, compared to analysts’ expectations of $11.26 billion. Travelers Companies had a return on equity of 24.06% and a net margin of 15.54%.The company’s quarterly revenue was up .3% on a year-over-year basis. During the same quarter in the previous year, the business earned $6.51 EPS. Equities analysts forecast that Travelers Companies will post 28.39 EPS for the current year.

Insider Activity at Travelers Companies

In other Travelers Companies news, EVP Michael Frederick Klein sold 10,000 shares of the stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $307.65, for a total value of $3,076,500.00. Following the sale, the executive vice president owned 45,125 shares in the company, valued at $13,882,706.25. This trade represents a 18.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Jeffrey P. Klenk sold 6,414 shares of Travelers Companies stock in a transaction on Monday, April 20th. The stock was sold at an average price of $305.06, for a total value of $1,956,654.84. Following the sale, the executive vice president owned 6,075 shares of the company’s stock, valued at approximately $1,853,239.50. This trade represents a 51.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 37,573 shares of company stock worth $11,504,146 over the last quarter. 1.39% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in Travelers Companies by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 22,109,933 shares of the insurance provider’s stock valued at $6,413,207,000 after buying an additional 110,311 shares during the period. State Street Corp raised its stake in shares of Travelers Companies by 3.1% during the fourth quarter. State Street Corp now owns 16,000,457 shares of the insurance provider’s stock valued at $4,641,093,000 after acquiring an additional 486,861 shares in the last quarter. Morgan Stanley raised its stake in shares of Travelers Companies by 2.3% during the fourth quarter. Morgan Stanley now owns 3,793,750 shares of the insurance provider’s stock valued at $1,100,416,000 after acquiring an additional 85,298 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Travelers Companies by 3.7% during the first quarter. Dimensional Fund Advisors LP now owns 3,484,676 shares of the insurance provider’s stock valued at $1,016,433,000 after acquiring an additional 123,564 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Travelers Companies in the fourth quarter valued at approximately $723,339,000. 82.45% of the stock is currently owned by institutional investors.

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.