Wesbanco Bank Inc. Has $420,000 Stock Position in The Travelers Companies, Inc. (NYSE:TRV)

Wesbanco Bank Inc. cut its position in The Travelers Companies, Inc. (NYSE:TRV) by 36.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,745 shares of the insurance provider’s stock after selling 1,000 shares during the period. Wesbanco Bank Inc.’s holdings in Travelers Companies were worth $420,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. Ledyard National Bank grew its stake in shares of Travelers Companies by 1.9% in the 3rd quarter. Ledyard National Bank now owns 2,067 shares of the insurance provider’s stock valued at $484,000 after buying an additional 39 shares during the period. Trueblood Wealth Management LLC grew its stake in shares of Travelers Companies by 2.3% in the 3rd quarter. Trueblood Wealth Management LLC now owns 1,807 shares of the insurance provider’s stock valued at $423,000 after buying an additional 41 shares during the period. Cornell Pochily Investment Advisors Inc. grew its stake in shares of Travelers Companies by 2.9% in the 3rd quarter. Cornell Pochily Investment Advisors Inc. now owns 1,499 shares of the insurance provider’s stock valued at $351,000 after buying an additional 42 shares during the period. Salem Investment Counselors Inc. grew its stake in shares of Travelers Companies by 5.1% in the 4th quarter. Salem Investment Counselors Inc. now owns 905 shares of the insurance provider’s stock valued at $218,000 after buying an additional 44 shares during the period. Finally, Willner & Heller LLC grew its stake in shares of Travelers Companies by 4.1% in the 3rd quarter. Willner & Heller LLC now owns 1,146 shares of the insurance provider’s stock valued at $268,000 after buying an additional 45 shares during the period. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Travelers Companies

In related news, Vice Chairman William H. Heyman sold 3,740 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $264.80, for a total transaction of $990,352.00. Following the sale, the insider now owns 250,384 shares of the company’s stock, valued at approximately $66,301,683.20. This represents a 1.47 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Maria Olivo sold 10,410 shares of the firm’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $261.80, for a total value of $2,725,338.00. Following the completion of the transaction, the executive vice president now owns 111,162 shares of the company’s stock, valued at approximately $29,102,211.60. This represents a 8.56 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 18,670 shares of company stock valued at $4,861,329 over the last three months. Company insiders own 1.33% of the company’s stock.

Travelers Companies Trading Down 0.1 %

NYSE:TRV opened at $241.29 on Friday. The company has a current ratio of 0.33, a quick ratio of 0.34 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $54.78 billion, a PE ratio of 11.24, a price-to-earnings-growth ratio of 1.09 and a beta of 0.65. The firm’s 50 day moving average is $248.31 and its 200 day moving average is $236.80. The Travelers Companies, Inc. has a 12 month low of $200.21 and a 12 month high of $269.55.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 EPS for the quarter, topping analysts’ consensus estimates of $6.50 by $2.65. The company had revenue of $12.01 billion for the quarter, compared to analysts’ expectations of $10,795,375 billion. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. Travelers Companies’s revenue was up 9.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $7.01 EPS. Sell-side analysts expect that The Travelers Companies, Inc. will post 20.33 earnings per share for the current year.

Travelers Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be given a dividend of $1.05 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $4.20 annualized dividend and a dividend yield of 1.74%. Travelers Companies’s dividend payout ratio is currently 19.56%.

Analysts Set New Price Targets

Several brokerages have recently commented on TRV. Royal Bank of Canada restated a “sector perform” rating and issued a $268.00 target price (down from $273.00) on shares of Travelers Companies in a research note on Thursday. Bank of America raised their price target on shares of Travelers Companies from $241.00 to $265.00 and gave the company an “underperform” rating in a research report on Thursday, October 17th. BMO Capital Markets raised their price target on shares of Travelers Companies from $275.00 to $297.00 and gave the company an “outperform” rating in a research report on Friday. Wells Fargo & Company raised their price target on shares of Travelers Companies from $213.00 to $225.00 and gave the company an “underweight” rating in a research report on Thursday. Finally, Barclays raised their price target on shares of Travelers Companies from $278.00 to $287.00 and gave the company an “overweight” rating in a research report on Friday. Four equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $260.11.

Travelers Companies Profile

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.