Perkins Coie Trust Co Acquires 230 Shares of Chubb Limited (NYSE:CB)

Perkins Coie Trust Co grew its stake in shares of Chubb Limited (NYSE:CB) by 1.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,628 shares of the financial services provider’s stock after buying an additional 230 shares during the period. Chubb accounts for about 1.2% of Perkins Coie Trust Co’s investment portfolio, making the stock its 24th largest position. Perkins Coie Trust Co’s holdings in Chubb were worth $5,372,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the stock. Pathway Financial Advisers LLC purchased a new position in Chubb during the 1st quarter valued at approximately $25,000. Beacon Capital Management LLC grew 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 valued at $25,000 after purchasing an additional 42 shares in the last quarter. Chilton Capital Management LLC bought a new stake in Chubb in the second quarter worth $26,000. Strategic Financial Concepts LLC purchased a new stake in Chubb during the second quarter valued at $28,000. Finally, Ables Iannone Moore & Associates Inc. purchased a new position in shares of Chubb in the 4th quarter worth $29,000. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Insider Activity

In other Chubb news, EVP Juan Luis Ortega sold 3,921 shares of the stock in a transaction dated 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 directly owns 44,632 shares of the company’s stock, valued at approximately $12,187,213.92. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, Director Michael G. Atieh sold 261 shares of the firm’s stock in a transaction 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 owns 39,172 shares of the company’s stock, valued at $11,261,558.28. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Juan Luis Ortega sold 3,921 shares of the company’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $273.06, for a total value of $1,070,668.26. Following the transaction, the executive vice president now directly owns 44,632 shares in the company, valued at $12,187,213.92. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 86,636 shares of company stock worth $24,874,208. 0.86% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts have recently issued reports on CB shares. Royal Bank of Canada upped their target price on shares of Chubb from $285.00 to $295.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. Barclays started coverage on Chubb in a research report on Wednesday, September 4th. They set an “overweight” rating and a $349.00 price objective on the stock. William Blair cut Chubb from a “market perform” rating to an “underperform” rating in a report on Friday, June 28th. JMP Securities increased their price target on Chubb from $280.00 to $300.00 and gave the company a “market outperform” rating in a report on Wednesday, July 24th. Finally, Bank of America lowered shares of Chubb from a “neutral” rating to an “underperform” rating and lifted their price objective for the stock from $264.00 to $275.00 in a research note on Friday, October 4th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $280.22.

Chubb Stock Up 0.7 %

Shares of CB traded up $1.99 during midday trading on Wednesday, reaching $281.95. 128,895 shares of the stock were exchanged, compared to its average volume of 1,626,666. The company has a market capitalization of $114.49 billion, a P/E ratio of 12.43, a PEG ratio of 5.74 and a beta of 0.66. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.20. Chubb Limited has a 52 week low of $205.64 and a 52 week high of $294.18. The company’s 50 day moving average is $281.42 and its two-hundred day moving average is $266.19.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, July 23rd. The financial services provider reported $5.38 EPS 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 business had revenue of $13.36 billion for the quarter, compared to the consensus estimate of $13.04 billion. During the same quarter last year, the firm posted $4.92 EPS. The company’s revenue for the quarter was up 11.8% on a year-over-year basis. On average, sell-side analysts anticipate that Chubb Limited will post 21.21 earnings per share for the current year.

Chubb Announces Dividend

The business also recently announced 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. The ex-dividend date of this dividend was Friday, September 13th. This represents a $3.64 annualized dividend and a yield of 1.29%. Chubb’s dividend payout ratio (DPR) is presently 16.16%.

About Chubb

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.