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. Investors of record on Thursday, September 10th will be given 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%annually over the last three years and has raised its dividend annually for the last 21 consecutive years. Travelers Companies has a dividend payout ratio of 20.3% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Travelers Companies to earn $29.94 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 16.7%.

Travelers Companies Stock Performance

Shares of TRV opened at $369.01 on Tuesday. Travelers Companies has a 1 year low of $252.26 and a 1 year high of $398.70. The company’s 50 day simple moving average is $364.21 and its 200 day simple moving average is $323.98. The company has a market capitalization of $76.96 billion, a price-to-earnings ratio of 9.88, a PEG ratio of 2.48 and a beta of 0.44. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.33 and a current ratio of 0.33.

Travelers Companies (NYSE:TRV) last released its earnings results on Friday, July 17th. The insurance provider reported $10.04 EPS for the quarter, topping the consensus estimate of $5.41 by $4.63. Travelers Companies had a net margin of 16.95% and a return on equity of 25.41%. The firm had revenue of $12.15 billion during the quarter, compared to analysts’ expectations of $11.26 billion. During the same period in the previous year, the company earned $6.51 EPS. Travelers Companies’s revenue for the quarter was up .3% on a year-over-year basis. On average, sell-side analysts predict that Travelers Companies will post 33.82 EPS for the current year.

Insider Activity

In other Travelers Companies news, EVP Michael Klein sold 6,000 shares of the firm’s stock in a transaction dated Tuesday, July 21st. The stock was sold at an average price of $366.09, for a total value of $2,196,540.00. Following the transaction, the executive vice president directly owned 45,125 shares of the company’s stock, valued at $16,519,811.25. This trade represents a 11.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP David Rowland sold 5,000 shares of the company’s stock in a transaction dated Wednesday, July 22nd. The stock was sold at an average price of $371.69, for a total value of $1,858,450.00. Following the completion of the sale, the executive vice president directly owned 10,479 shares of the company’s stock, valued at $3,894,939.51. The trade was a 32.30% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 58,667 shares of company stock worth $21,830,989 in the last quarter. Insiders own 1.39% of the company’s stock.

Hedge Funds Weigh In On Travelers Companies

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. HHM Wealth Advisors LLC boosted its holdings in Travelers Companies by 145.7% in the first quarter. HHM Wealth Advisors LLC now owns 86 shares of the insurance provider’s stock valued at $25,000 after purchasing an additional 51 shares during the last quarter. Whipplewood Advisors LLC purchased a new stake in Travelers Companies during the 1st quarter worth approximately $26,000. LifeSteps Financial Inc. acquired a new position in shares of Travelers Companies in the 2nd quarter valued at approximately $26,000. Kilter Group LLC purchased a new position in shares of Travelers Companies during the 2nd quarter valued at approximately $26,000. Finally, Kemnay Advisory Services Inc. acquired a new stake in shares of Travelers Companies during the fourth quarter worth approximately $26,000. 82.45% of the stock is owned by hedge funds and other 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.