Chubb Limited (NYSE:CB) Shares Sold by UMB Bank n.a.

UMB Bank n.a. lessened its holdings in shares of Chubb Limited (NYSE:CB) by 0.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 47,979 shares of the financial services provider’s stock after selling 425 shares during the quarter. UMB Bank n.a.’s holdings in Chubb were worth $13,837,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CB. Unison Advisors LLC lifted its stake in shares of Chubb by 0.3% in the 3rd quarter. Unison Advisors LLC now owns 13,459 shares of the financial services provider’s stock valued at $3,894,000 after purchasing an additional 44 shares during the last quarter. Advocate Group LLC increased its stake in shares of Chubb by 4.2% during the third quarter. Advocate Group LLC now owns 23,714 shares of the financial services provider’s stock worth $6,839,000 after buying an additional 966 shares during the period. Northstar Group Inc. raised its holdings in shares of Chubb by 54.0% in the 3rd quarter. Northstar Group Inc. now owns 2,023 shares of the financial services provider’s stock valued at $583,000 after purchasing an additional 709 shares in the last quarter. Wedmont Private Capital raised its stake in Chubb by 2.7% in the third quarter. Wedmont Private Capital now owns 5,258 shares of the financial services provider’s stock valued at $1,457,000 after buying an additional 139 shares in the last quarter. Finally, Hexagon Capital Partners LLC lifted its stake in Chubb by 21.9% during the third quarter. Hexagon Capital Partners LLC now owns 485 shares of the financial services provider’s stock worth $140,000 after purchasing an additional 87 shares during the last quarter. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Chubb Trading Up 0.8 %

Chubb stock traded up $2.17 during trading on Thursday, reaching $285.00. The company had a trading volume of 235,939 shares, compared to its average volume of 1,625,181. Chubb Limited has a 12-month low of $205.64 and a 12-month high of $294.18. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.31 and a current ratio of 0.31. The stock’s 50 day moving average price is $281.56 and its two-hundred day moving average price is $266.30. The firm has a market capitalization of $115.73 billion, a price-to-earnings ratio of 12.71, a PEG ratio of 5.74 and a beta of 0.66.

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, beating analysts’ consensus estimates of $5.04 by $0.34. Chubb had a net margin of 18.14% and a return on equity of 15.77%. The firm had revenue of $13.36 billion for the quarter, compared to analysts’ expectations of $13.04 billion. During the same period in the previous year, the company posted $4.92 earnings per share. Chubb’s revenue was up 11.8% compared to the same quarter last year. As a group, equities analysts expect that Chubb Limited will post 21.21 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 4th. Shareholders of record on Friday, September 13th were issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date of this dividend was Friday, September 13th. Chubb’s dividend payout ratio is presently 16.16%.

Insider Activity

In other news, EVP Juan Luis Ortega sold 3,921 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the executive vice president now owns 44,632 shares of the company’s stock, valued at approximately $12,187,213.92. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Michael G. Atieh sold 261 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $287.49, for a total value of $75,034.89. Following the completion of the sale, the director now directly owns 39,172 shares in the company, valued at approximately $11,261,558.28. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 sale, the executive vice president now owns 44,632 shares of the company’s stock, valued at approximately $12,187,213.92. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 86,636 shares of company stock worth $24,874,208. 0.86% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research firms have recently weighed in on CB. Roth Mkm boosted their target price on Chubb from $280.00 to $300.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. JPMorgan Chase & Co. lifted their target price on shares of Chubb from $266.00 to $286.00 and gave the company a “neutral” rating in a report on Thursday, July 11th. Wells Fargo & Company increased their price objective on Chubb from $255.00 to $269.00 and gave the stock an “equal weight” rating in a research report on Thursday. Morgan Stanley reduced their price target on shares of Chubb from $260.00 to $259.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 10th. Finally, William Blair lowered shares of Chubb from a “market perform” rating to an “underperform” rating in a research report on Friday, June 28th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $281.74.

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.