Massmutual Trust Co. FSB ADV Increases Stake in Chubb Limited (NYSE:CB)

Massmutual Trust Co. FSB ADV boosted its holdings in Chubb Limited (NYSE:CB) by 3.0% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 92,669 shares of the financial services provider’s stock after purchasing an additional 2,688 shares during the quarter. Massmutual Trust Co. FSB ADV’s holdings in Chubb were worth $26,725,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Trust Co. of Toledo NA OH lifted its position in Chubb by 2.9% during the third quarter. Trust Co. of Toledo NA OH now owns 2,342 shares of the financial services provider’s stock valued at $675,000 after purchasing an additional 66 shares during the period. Weybosset Research & Management LLC increased its stake in shares of Chubb by 11.0% in the third quarter. Weybosset Research & Management LLC now owns 33,723 shares of the financial services provider’s stock worth $9,725,000 after purchasing an additional 3,345 shares in the last quarter. Abacus Planning Group Inc. increased its stake in shares of Chubb by 5.8% in the third quarter. Abacus Planning Group Inc. now owns 1,266 shares of the financial services provider’s stock worth $365,000 after purchasing an additional 69 shares in the last quarter. M&R Capital Management Inc. increased its stake in shares of Chubb by 3.5% in the third quarter. M&R Capital Management Inc. now owns 2,248 shares of the financial services provider’s stock worth $648,000 after purchasing an additional 77 shares in the last quarter. Finally, Mattson Financial Services LLC purchased a new position in Chubb during the second quarter valued at $1,207,000. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on CB shares. William Blair cut shares of Chubb from a “market perform” rating to an “underperform” rating in a research note on Friday, June 28th. Barclays initiated coverage on shares of Chubb in a research note on Wednesday, September 4th. They issued an “overweight” rating and a $349.00 price objective for the company. Royal Bank of Canada lifted their price objective on shares of Chubb from $285.00 to $295.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. JPMorgan Chase & Co. boosted their price target on shares of Chubb from $266.00 to $286.00 and gave the company a “neutral” rating in a report on Thursday, July 11th. Finally, JMP Securities lifted their price objective on shares of Chubb from $280.00 to $300.00 and gave the stock a “market outperform” rating in a research report on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Chubb currently has an average rating of “Hold” and an average target price of $274.70.

Chubb Price Performance

Chubb stock opened at $291.33 on Thursday. Chubb Limited has a 52 week low of $204.15 and a 52 week 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 firm’s 50-day simple moving average is $280.30 and its 200 day simple moving average is $265.38. The firm has a market capitalization of $118.30 billion, a PE ratio of 12.93, a P/E/G ratio of 5.74 and a beta of 0.66.

Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $5.38 EPS for the quarter, topping the consensus estimate of $5.04 by $0.34. The business had revenue of $13.36 billion for the quarter, compared to analyst estimates of $13.04 billion. Chubb had a net margin of 18.14% and a return on equity of 15.77%. The business’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $4.92 EPS. On average, equities research analysts predict that Chubb Limited will post 21.21 EPS for the current fiscal year.

Chubb Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 4th. Shareholders of record on Friday, September 13th will be issued a $0.91 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $3.64 dividend on an annualized basis and a yield of 1.25%. Chubb’s dividend payout ratio (DPR) is 16.16%.

Insider Buying and Selling at Chubb

In other news, CEO Evan G. Greenberg sold 30,318 shares of the company’s stock in a transaction dated Monday, September 9th. The shares were 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 owns 553,664 shares of the company’s stock, valued at approximately $160,341,094.40. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other Chubb news, CEO Evan G. Greenberg sold 30,318 shares of the stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $289.60, for a total value of $8,780,092.80. Following the completion of the sale, the chief executive officer now owns 553,664 shares of the company’s stock, valued at $160,341,094.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Evan G. Greenberg sold 30,537 shares of the stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $287.25, for a total transaction of $8,771,753.25. Following the completion of the sale, the chief executive officer now directly owns 583,982 shares of the company’s stock, valued at approximately $167,748,829.50. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 86,636 shares of company stock worth $24,874,208. Corporate insiders own 0.86% of the company’s stock.

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.