Community Bank N.A. Has $3.21 Million Stock Holdings in Chubb Limited (NYSE:CB)

Community Bank N.A. raised its holdings in Chubb Limited (NYSE:CB) by 1.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,185 shares of the financial services provider’s stock after acquiring an additional 191 shares during the quarter. Community Bank N.A.’s holdings in Chubb were worth $3,206,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. ZRC Wealth Management LLC acquired a new stake in shares of Chubb in the fourth quarter worth $29,000. Tennessee Valley Asset Management Partners acquired a new stake in shares of Chubb in the fourth quarter worth $32,000. Naples Money Management LLC acquired a new stake in shares of Chubb in the fourth quarter worth $34,000. Bell Investment Advisors Inc lifted its stake in shares of Chubb by 39.6% in the third quarter. Bell Investment Advisors Inc now owns 208 shares of the financial services provider’s stock worth $43,000 after buying an additional 59 shares during the last quarter. Finally, Fortitude Family Office LLC acquired a new stake in shares of Chubb in the fourth quarter worth $59,000. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. JMP Securities restated a “market outperform” rating and issued a $280.00 price objective on shares of Chubb in a research note on Monday, April 15th. Keefe, Bruyette & Woods boosted their target price on shares of Chubb from $275.00 to $297.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 10th. HSBC reaffirmed a “hold” rating and set a $270.00 target price (down previously from $275.00) on shares of Chubb in a research report on Thursday, April 4th. UBS Group boosted their target price on shares of Chubb from $245.00 to $256.00 and gave the stock a “neutral” rating in a research report on Monday, February 5th. Finally, StockNews.com lowered shares of Chubb from a “buy” rating to a “hold” rating in a research report on Wednesday. Ten equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Chubb currently has a consensus rating of “Moderate Buy” and a consensus target price of $266.37.

Chubb Stock Performance

Chubb stock traded down $6.87 on Wednesday, hitting $243.01. The company’s stock had a trading volume of 3,184,853 shares, compared to its average volume of 1,748,423. The firm has a market cap of $98.66 billion, a P/E ratio of 11.13, a price-to-earnings-growth ratio of 1.18 and a beta of 0.62. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.20. The company has a fifty day moving average price of $252.54 and a 200-day moving average price of $235.21. Chubb Limited has a one year low of $183.71 and a one year high of $260.58.

Chubb (NYSE:CB) last issued its earnings results on Tuesday, April 23rd. The financial services provider reported $5.41 EPS for the quarter, beating the consensus estimate of $5.29 by $0.12. Chubb had a net margin of 18.11% and a return on equity of 16.45%. The company had revenue of $12.22 billion for the quarter, compared to the consensus estimate of $11.75 billion. During the same quarter in the previous year, the company earned $4.41 EPS. The firm’s revenue for the quarter was up 14.1% compared to the same quarter last year. On average, equities analysts anticipate that Chubb Limited will post 21.32 earnings per share for the current year.

Chubb Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Friday, March 15th were paid a $0.86 dividend. The ex-dividend date was Thursday, March 14th. This represents a $3.44 annualized dividend and a dividend yield of 1.42%. Chubb’s dividend payout ratio is presently 15.76%.

Insider Activity

In other news, CAO Annmarie T. Hagan sold 7,180 shares of the business’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $245.04, for a total value of $1,759,387.20. Following the sale, the chief accounting officer now owns 6,105 shares in the company, valued at approximately $1,495,969.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CAO Annmarie T. Hagan sold 7,180 shares of the company’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $245.04, for a total transaction of $1,759,387.20. Following the transaction, the chief accounting officer now owns 6,105 shares in the company, valued at approximately $1,495,969.20. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Timothy Alan Boroughs sold 33,150 shares of the company’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $255.11, for a total transaction of $8,456,896.50. Following the transaction, the executive vice president now owns 50,486 shares in the company, valued at approximately $12,879,483.46. The disclosure for this sale can be found here. In the last quarter, insiders have sold 116,043 shares of company stock worth $29,766,694. 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.