Chubb Limited (NYSE:CB) Shares Purchased by Country Trust Bank

Country Trust Bank boosted its stake in Chubb Limited (NYSE:CB) by 2.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 149,426 shares of the financial services provider’s stock after purchasing an additional 3,810 shares during the period. Country Trust Bank’s holdings in Chubb were worth $43,093,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Atomi Financial Group Inc. lifted its position in shares of Chubb by 6.8% during the third quarter. Atomi Financial Group Inc. now owns 4,500 shares of the financial services provider’s stock worth $1,298,000 after purchasing an additional 285 shares during the last quarter. Boit C F David increased its stake in shares of Chubb by 5.2% in the third quarter. Boit C F David now owns 16,165 shares of the financial services provider’s stock valued at $4,709,000 after purchasing an additional 800 shares during the period. Chesley Taft & Associates LLC increased its stake in shares of Chubb by 11.1% in the third quarter. Chesley Taft & Associates LLC now owns 98,585 shares of the financial services provider’s stock valued at $28,431,000 after purchasing an additional 9,875 shares during the period. Aprio Wealth Management LLC acquired a new stake in shares of Chubb in the third quarter valued at approximately $230,000. Finally, Greenfield Savings Bank increased its stake in shares of Chubb by 27.1% during the third quarter. Greenfield Savings Bank now owns 2,423 shares of the financial services provider’s stock valued at $699,000 after acquiring an additional 517 shares during the period. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Chubb

In other Chubb news, CEO Evan G. Greenberg sold 30,537 shares of the business’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $287.25, for a total value of $8,771,753.25. Following the completion of the transaction, the chief executive officer now directly owns 583,982 shares of the company’s stock, valued at approximately $167,748,829.50. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Evan G. Greenberg sold 30,318 shares of the company’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $289.60, for a total transaction of $8,780,092.80. Following the completion of the transaction, the chief executive officer now directly owns 553,664 shares of the company’s stock, valued at $160,341,094.40. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Evan G. Greenberg sold 30,537 shares of the company’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $287.25, for a total value of $8,771,753.25. Following the transaction, the chief executive officer now directly owns 583,982 shares of the company’s stock, valued at $167,748,829.50. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 86,636 shares of company stock worth $24,874,208. 0.86% of the stock is owned by insiders.

Chubb Trading Up 1.0 %

CB stock opened at $279.96 on Wednesday. The company has a market cap of $113.68 billion, a P/E ratio of 12.43, a PEG ratio of 5.74 and a beta of 0.66. Chubb Limited has a twelve month low of $205.64 and a twelve month high of $294.18. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.20. The business has a fifty day moving average of $281.35 and a 200-day moving average of $266.01.

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

Chubb Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Friday, September 13th were issued a $0.91 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $3.64 dividend on an annualized basis and a yield of 1.30%. Chubb’s dividend payout ratio is presently 16.16%.

Analyst Ratings Changes

CB has been the topic of a number of research analyst reports. Bank of America lowered shares of Chubb from a “neutral” rating to an “underperform” rating and raised their price objective for the company from $264.00 to $275.00 in a research note on Friday, October 4th. Barclays assumed coverage on Chubb in a research report on Wednesday, September 4th. They set an “overweight” rating and a $349.00 price objective for the company. Roth Mkm raised their price target on Chubb from $280.00 to $300.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. Morgan Stanley cut their price target on Chubb from $260.00 to $259.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 10th. Finally, William Blair downgraded Chubb from a “market perform” rating to an “underperform” rating in a research report on Friday, June 28th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $280.22.

Chubb Company 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.