The Travelers Companies, Inc. (NYSE:TRV) to Issue $1.25 Quarterly Dividend

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) annualized dividend and a yield of 1.4%. The ex-dividend date is Thursday, September 10th.

Travelers Companies has increased its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 21 years. Travelers Companies has a payout ratio of 20.3% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Travelers Companies to earn $28.47 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 17.6%.

Travelers Companies Price Performance

NYSE TRV traded up $31.68 on Friday, reaching $369.50. The company’s stock had a trading volume of 4,308,869 shares, compared to its average volume of 1,663,988. Travelers Companies has a twelve month low of $252.26 and a twelve month high of $370.43. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.35 and a current ratio of 0.35. The stock has a market cap of $78.57 billion, a PE ratio of 10.99, a PEG ratio of 2.94 and a beta of 0.46. The firm’s 50 day moving average is $312.92 and its two-hundred day moving average is $301.03.

Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Friday, July 17th. The insurance provider reported $10.04 earnings per share for the quarter, topping the consensus estimate of $5.34 by $4.70. The business had revenue of $12.15 billion during the quarter, compared to analyst estimates of $11.26 billion. Travelers Companies had a return on equity of 24.06% and a net margin of 15.54%.The company’s revenue was up .3% compared to the same quarter last year. During the same period last year, the company posted $6.51 EPS. As a group, sell-side analysts predict that Travelers Companies will post 28.31 EPS for the current year.

Insider Buying and Selling at Travelers Companies

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

Institutional Trading of Travelers Companies

A number of large investors have recently bought and sold shares of TRV. HHM Wealth Advisors LLC increased its holdings in shares of Travelers Companies by 145.7% during the first quarter. HHM Wealth Advisors LLC now owns 86 shares of the insurance provider’s stock worth $25,000 after buying an additional 51 shares in the last quarter. Whipplewood Advisors LLC acquired a new position in shares of Travelers Companies in the 1st quarter worth approximately $26,000. Kemnay Advisory Services Inc. bought a new stake in Travelers Companies during the 4th quarter worth approximately $26,000. Osterweis Capital Management Inc. grew its position in Travelers Companies by 1,820.0% during the 2nd quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider’s stock worth $26,000 after acquiring an additional 91 shares during the last quarter. Finally, Kohmann Bosshard Financial Services LLC acquired a new stake in Travelers Companies during the 4th quarter valued at $28,000. 82.45% of the stock is currently owned by institutional investors.

Travelers Companies Company Profile

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.