Fulton Bank N.A. Sells 46 Shares of Chubb Limited (NYSE:CB)

Fulton Bank N.A. cut its stake in Chubb Limited (NYSE:CB) by 0.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,209 shares of the financial services provider’s stock after selling 46 shares during the quarter. Fulton Bank N.A.’s holdings in Chubb were worth $2,079,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Beacon Capital Management LLC boosted its holdings in shares of Chubb by 76.4% in the second quarter. Beacon Capital Management LLC now owns 97 shares of the financial services provider’s stock worth $25,000 after buying an additional 42 shares during the last quarter. Pathway Financial Advisers LLC purchased a new position in shares of Chubb in the first quarter worth approximately $25,000. Chilton Capital Management LLC purchased a new position in shares of Chubb in the second quarter worth approximately $26,000. Wellington Shields Capital Management LLC purchased a new position in shares of Chubb in the first quarter worth approximately $29,000. Finally, Kimelman & Baird LLC purchased a new position in shares of Chubb in the second quarter worth approximately $32,000. 83.81% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on CB shares. Roth Mkm raised their price objective on shares of Chubb from $280.00 to $300.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. Barclays started coverage on shares of Chubb in a report on Wednesday, September 4th. They set an “overweight” rating and a $349.00 price target on the stock. William Blair downgraded shares of Chubb from a “market perform” rating to an “underperform” rating in a report on Friday, June 28th. Royal Bank of Canada lifted their price target on shares of Chubb from $285.00 to $295.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. Finally, JMP Securities lifted their price target on shares of Chubb from $280.00 to $300.00 and gave the company a “market outperform” rating in a report on Wednesday, July 24th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Chubb has a consensus rating of “Hold” and a consensus price target of $280.22.

Insider Buying and Selling at Chubb

In other Chubb news, insider John J. Lupica sold 15,000 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $285.49, for a total transaction of $4,282,350.00. Following the transaction, the insider now owns 103,950 shares in the company, valued at $29,676,685.50. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other Chubb news, insider John J. Lupica sold 15,000 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $285.49, for a total transaction of $4,282,350.00. Following the transaction, the insider now owns 103,950 shares in the company, valued at $29,676,685.50. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Juan Luis Ortega sold 3,921 shares of the business’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $273.06, for a total transaction of $1,070,668.26. Following the transaction, the executive vice president now owns 44,632 shares in the company, valued at $12,187,213.92. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 86,636 shares of company stock worth $24,874,208 over the last quarter. Insiders own 0.86% of the company’s stock.

Chubb Trading Down 4.6 %

Shares of CB opened at $277.18 on Tuesday. The company’s fifty day moving average is $281.24 and its 200 day moving average is $265.87. Chubb Limited has a fifty-two week low of $205.64 and a fifty-two week high of $294.18. The stock has a market capitalization of $112.55 billion, a PE ratio of 12.30, a P/E/G ratio of 5.74 and a beta of 0.66. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.31 and a current ratio of 0.31.

Chubb (NYSE:CB) last announced its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $5.38 earnings per share for the quarter, topping the consensus estimate of $5.04 by $0.34. Chubb had a net margin of 18.14% and a return on equity of 15.77%. The company had revenue of $13.36 billion for the quarter, compared to analysts’ expectations of $13.04 billion. During the same quarter in the previous year, the business posted $4.92 earnings per share. Chubb’s quarterly revenue was up 11.8% on a year-over-year basis. Sell-side analysts expect that Chubb Limited will post 21.21 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 4th. Shareholders of record on Friday, September 13th were given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date was Friday, September 13th. Chubb’s dividend payout ratio (DPR) is 16.16%.

Chubb Profile

Chubb Limited provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, casualty, workers' compensation, package policies, risk management, financial lines, marine, construction, environmental, medical risk, cyber risk, surety, and casualty; and group accident and health insurance to large, middle market, and small commercial businesses.