Chubb Ltd (CB) Holdings Boosted by Country Trust Bank

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Country Trust Bank raised its position in Chubb Ltd (NYSE:CB) by 1.3% during the 1st quarter, Holdings Channel reports. The firm owned 179,808 shares of the financial services provider’s stock after acquiring an additional 2,222 shares during the period. Country Trust Bank’s holdings in Chubb were worth $25,188,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in shares of Chubb by 1.1% in the 3rd quarter. Vanguard Group Inc. now owns 37,280,448 shares of the financial services provider’s stock valued at $4,982,160,000 after acquiring an additional 417,887 shares during the period. Vanguard Group Inc increased its stake in Chubb by 1.1% during the 3rd quarter. Vanguard Group Inc now owns 37,280,448 shares of the financial services provider’s stock worth $4,982,160,000 after buying an additional 417,887 shares during the period. BlackRock Inc. increased its stake in Chubb by 2.9% during the 4th quarter. BlackRock Inc. now owns 31,252,910 shares of the financial services provider’s stock worth $4,037,250,000 after buying an additional 875,406 shares during the period. Bank of America Corp DE increased its stake in Chubb by 29.9% during the 4th quarter. Bank of America Corp DE now owns 13,576,704 shares of the financial services provider’s stock worth $1,753,839,000 after buying an additional 3,125,070 shares during the period. Finally, WCM Investment Management LLC increased its stake in Chubb by 4.4% during the 4th quarter. WCM Investment Management LLC now owns 6,998,830 shares of the financial services provider’s stock worth $904,109,000 after buying an additional 291,892 shares during the period. Institutional investors own 88.71% of the company’s stock.

Several research analysts have commented on CB shares. Compass Point started coverage on shares of Chubb in a report on Tuesday, January 15th. They set a “buy” rating and a $165.00 price target for the company. Credit Suisse Group cut shares of Chubb from a “neutral” rating to an “underperform” rating and lowered their price target for the stock from $141.00 to $131.00 in a report on Wednesday, February 27th. Deutsche Bank lowered their price target on shares of Chubb from $123.00 to $121.00 and set a “sell” rating for the company in a report on Monday, January 7th. Zacks Investment Research cut shares of Chubb from a “hold” rating to a “sell” rating in a report on Wednesday, January 16th. Finally, Wells Fargo & Co set a $160.00 price target on shares of Chubb and gave the stock a “buy” rating in a report on Friday, January 18th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company’s stock. Chubb presently has an average rating of “Hold” and a consensus target price of $151.33.

Shares of Chubb stock traded down $1.40 during trading hours on Wednesday, hitting $138.81. The company had a trading volume of 19,737 shares, compared to its average volume of 1,446,154. Chubb Ltd has a twelve month low of $119.54 and a twelve month high of $141.59. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 0.24. The stock has a market cap of $64.25 billion, a price-to-earnings ratio of 14.75, a PEG ratio of 1.31 and a beta of 0.82.

Chubb (NYSE:CB) last issued its earnings results on Tuesday, February 5th. The financial services provider reported $2.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.93 by $0.09. Chubb had a net margin of 11.72% and a return on equity of 8.66%. The business had revenue of $6.77 billion during the quarter, compared to analysts’ expectations of $6.80 billion. During the same quarter in the prior year, the business posted $3.17 EPS. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. On average, analysts forecast that Chubb Ltd will post 10.61 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 22nd were issued a $0.73 dividend. This represents a $2.92 annualized dividend and a dividend yield of 2.10%. The ex-dividend date was Thursday, March 21st. Chubb’s payout ratio is 30.93%.

In related news, insider Paul Bennett Medini sold 2,437 shares of the stock in a transaction on Wednesday, February 20th. The shares were sold at an average price of $133.94, for a total transaction of $326,411.78. Following the completion of the sale, the insider now owns 95,101 shares in the company, valued at approximately $12,737,827.94. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider John J. Lupica sold 17,879 shares of the stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $134.95, for a total transaction of $2,412,771.05. Following the sale, the insider now owns 192,265 shares of the company’s stock, valued at approximately $25,946,161.75. The disclosure for this sale can be found here. Corporate insiders own 0.47% of the company’s stock.

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Chubb Profile

Chubb Limited, through its subsidiaries, provides insurance and reinsurance products worldwide. Its North America Commercial P&C Insurance segment offers commercial property, marine, general casualty, workers' compensation, package policies, and risk management; and professional lines, marine, construction, environmental, medical, cyber risk, and excess casualty, as well as group accident and health insurance to large, middle market, and small commercial businesses in the United States, Canada, and Bermuda.

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Institutional Ownership by Quarter for Chubb (NYSE:CB)

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