Chubb Limited $CB Stock: Inspire Trust Co. N.A. Grows Stake

Inspire Trust Co. N.A. grew its stake in shares of Chubb Limited (NYSE:CB) by 6.2% during the third quarter, Holdings Channel.com reports. The institutional investor owned 34,100 shares of the financial services provider’s stock after acquiring an additional 2,000 shares during the quarter. Chubb comprises approximately 1.3% of Inspire Trust Co. N.A.’s investment portfolio, making the stock its 21st largest position. Inspire Trust Co. N.A.’s holdings in Chubb were worth $11,091,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. XXEC Inc. acquired a new position in Chubb during the second quarter valued at approximately $228,226,000. Berkshire Hathaway Inc bought a new stake in Chubb in the second quarter valued at approximately $11,670,067,000. BlackRock Inc. acquired a new stake in Chubb in the second quarter worth $9,913,336,000. GQG Partners LLC acquired a new stake in Chubb in the second quarter worth $4,250,113,000. Finally, Bank of America Corp DE acquired a new stake in Chubb in the second quarter worth $1,545,084,000. Institutional investors own 83.81% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CB. JPMorgan Chase & Co. boosted their price target on shares of Chubb from $371.00 to $374.00 and gave the company a “neutral” rating in a report on Friday, October 23rd. Citizens Jmp reiterated a “market outperform” rating and set a $400.00 target price on shares of Chubb in a report on Wednesday, July 22nd. Wells Fargo & Company boosted their target price on Chubb from $343.00 to $366.00 and gave the company an “equal weight” rating in a research note on Thursday, October 22nd. Citigroup reiterated a “buy” rating and set a $405.00 price objective (up from $395.00) on shares of Chubb in a report on Wednesday, October 21st. Finally, Cantor Fitzgerald reiterated a “neutral” rating and issued a $333.00 price objective on shares of Chubb in a research report on Wednesday, October 21st. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $362.78.

Insider Activity at Chubb

In related news, Director Michael Connors sold 5,500 shares of Chubb stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $345.00, for a total value of $1,897,500.00. Following the sale, the director owned 12,803 shares of the company’s stock, valued at approximately $4,417,035. This trade represents a 30.05% decrease in their position. 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 13,889 shares of the business’s stock in a transaction that occurred on Thursday, October 29th. The shares were sold at an average price of $360.02, for a total value of $5,000,317.78. Following the completion of the sale, the chief executive officer owned 277,274 shares in the company, valued at $99,824,185.48. The trade was a 4.77% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 32,985 shares of company stock valued at $11,748,463. 0.37% of the stock is owned by insiders.

Chubb Price Performance

CB stock opened at $369.34 on Wednesday. The stock has a 50-day moving average price of $347.10 and a two-hundred day moving average price of $336.14. Chubb Limited has a 1 year low of $288.39 and a 1 year high of $384.26. The stock has a market cap of $141.12 billion, a PE ratio of 12.92, a price-to-earnings-growth ratio of 1.68 and a beta of 0.29. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.23.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, October 20th. The financial services provider reported $7.66 EPS for the quarter, beating analysts’ consensus estimates of $6.77 by $0.89. The company had revenue of $16.20 billion for the quarter, compared to analyst estimates of $15.66 billion. Chubb had a return on equity of 14.41% and a net margin of 18.15%. During the same period in the previous year, the company posted $7.49 earnings per share. Equities analysts forecast that Chubb Limited will post 28.89 EPS for the current fiscal year.

Chubb Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Friday, September 11th were given a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Friday, September 11th. Chubb’s dividend payout ratio (DPR) is currently 14.28%.

About Chubb

Chubb Limited is a global insurance company that provides property and casualty insurance, accident and health coverage, life insurance, and reinsurance. Its customers include individuals, businesses, and institutions, with products ranging from personal and commercial coverage to specialized insurance solutions. The company serves customers across North America, Europe, Asia-Pacific, Latin America, and other markets. Its operations include underwriting, claims services, and risk management for a broad range of industries and personal insurance needs.