The Travelers Companies, Inc. Announces Quarterly Dividend of $1.10 (NYSE:TRV)

The Travelers Companies, Inc. (NYSE:TRV) announced a quarterly dividend on Wednesday, January 21st. Investors of record on Tuesday, March 10th will be given a dividend of 1.10 per share by the insurance provider on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Tuesday, March 10th.

Travelers Companies has increased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 21 consecutive years. Travelers Companies has a payout ratio of 17.9% meaning its dividend is sufficiently covered by earnings. 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 $4.40 annual dividend with an expected future payout ratio of 19.1%.

Travelers Companies Price Performance

Shares of NYSE TRV traded up $3.09 during trading on Wednesday, reaching $272.70. The company had a trading volume of 2,569,761 shares, compared to its average volume of 1,796,645. The business’s 50 day moving average price is $285.82 and its 200-day moving average price is $275.51. Travelers Companies has a 52 week low of $230.43 and a 52 week high of $296.85. 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 $60.83 billion, a PE ratio of 10.72, a PEG ratio of 2.57 and a beta of 0.52.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Wednesday, January 21st. The insurance provider reported $11.13 earnings per share for the quarter, topping the consensus estimate of $8.34 by $2.79. The firm had revenue of $12.43 billion during the quarter, compared to analysts’ expectations of $11.13 billion. Travelers Companies had a return on equity of 20.28% and a net margin of 12.14%.The company’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same period in the previous year, the business posted $9.15 EPS. Analysts expect that Travelers Companies will post 17.02 earnings per share for the current year.

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.