Bank & Trust Co Takes $35,000 Position in Chubb Limited (NYSE:CB)

Bank & Trust Co purchased a new position in Chubb Limited (NYSE:CB) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 138 shares of the financial services provider’s stock, valued at approximately $35,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Capital World Investors lifted its stake in Chubb by 6.6% in the first quarter. Capital World Investors now owns 10,997,092 shares of the financial services provider’s stock worth $2,849,677,000 after acquiring an additional 685,677 shares during the period. Capital Research Global Investors raised its holdings in Chubb by 44.4% in the first quarter. Capital Research Global Investors now owns 6,713,331 shares of the financial services provider’s stock worth $1,739,625,000 after purchasing an additional 2,064,730 shares in the last quarter. Norges Bank bought a new position in Chubb in the fourth quarter worth about $957,756,000. Lazard Asset Management LLC raised its holdings in Chubb by 14.8% in the first quarter. Lazard Asset Management LLC now owns 3,543,763 shares of the financial services provider’s stock worth $918,294,000 after purchasing an additional 457,881 shares in the last quarter. Finally, Ontario Teachers Pension Plan Board raised its holdings in Chubb by 0.9% in the fourth quarter. Ontario Teachers Pension Plan Board now owns 2,698,582 shares of the financial services provider’s stock worth $609,880,000 after purchasing an additional 24,323 shares in the last quarter. 83.81% of the stock is owned by hedge funds and other institutional investors.

Chubb Price Performance

CB traded down $4.14 during trading on Tuesday, reaching $265.18. 2,104,322 shares of the stock were exchanged, compared to its average volume of 1,661,917. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.31 and a quick ratio of 0.29. Chubb Limited has a 1 year low of $198.10 and a 1 year high of $277.91. The business’s 50 day moving average price is $262.97 and its two-hundred day moving average price is $255.70. The company has a market capitalization of $107.68 billion, a price-to-earnings ratio of 11.77, a P/E/G ratio of 5.21 and a beta of 0.66.

Chubb (NYSE:CB) last issued its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $5.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.04 by $0.34. The business had revenue of $13.36 billion for 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 business’s revenue was up 11.8% on a year-over-year basis. During the same period in the prior year, the business earned $4.92 earnings per share. As a group, equities research analysts anticipate that Chubb Limited will post 21.15 earnings per share for the current year.

Chubb Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 5th. Stockholders of record on Friday, June 14th were given a $0.91 dividend. This is an increase from Chubb’s previous quarterly dividend of $0.86. The ex-dividend date was Friday, June 14th. This represents a $3.64 annualized dividend and a dividend yield of 1.37%. Chubb’s dividend payout ratio is presently 16.16%.

Insider Activity at Chubb

In other Chubb news, COO John W. Keogh sold 34,707 shares of the stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $251.98, for a total transaction of $8,745,469.86. Following the transaction, the chief operating officer now owns 284,136 shares of the company’s stock, valued at approximately $71,596,589.28. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Chubb news, COO John W. Keogh sold 34,707 shares of the business’s stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $251.98, for a total transaction of $8,745,469.86. Following the sale, the chief operating officer now directly owns 284,136 shares in the company, valued at approximately $71,596,589.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael G. Atieh sold 716 shares of Chubb stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $269.70, for a total transaction of $193,105.20. Following the completion of the transaction, the director now directly owns 39,295 shares in the company, valued at approximately $10,597,861.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 47,552 shares of company stock valued at $12,149,985. Insiders own 0.86% of the company’s stock.

Analyst Upgrades and Downgrades

CB has been the topic of several recent analyst reports. JMP Securities upped their price objective on shares of Chubb from $280.00 to $300.00 and gave the company a “market outperform” rating in a report on Wednesday, July 24th. Bank of America increased their price objective on Chubb from $257.00 to $264.00 and gave the company a “neutral” rating in a research note on Wednesday, July 24th. The Goldman Sachs Group raised their target price on Chubb from $228.00 to $254.00 and gave the stock a “neutral” rating in a research note on Friday, April 12th. Evercore ISI raised their target price on Chubb from $270.00 to $281.00 and gave the company an “outperform” rating in a report on Thursday, April 11th. Finally, William Blair lowered Chubb from a “market perform” rating to an “underperform” rating in a research report on Friday, June 28th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $270.79.

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.