Raymond James Trust N.A. Purchases 2,236 Shares of Chubb Limited (NYSE:CB)

Raymond James Trust N.A. lifted its position in Chubb Limited (NYSE:CB) by 4.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 48,984 shares of the financial services provider’s stock after buying an additional 2,236 shares during the period. Raymond James Trust N.A.’s holdings in Chubb were worth $14,126,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. First County Bank CT lifted its position in Chubb by 20.7% in the 3rd quarter. First County Bank CT now owns 1,792 shares of the financial services provider’s stock valued at $517,000 after acquiring an additional 307 shares in the last quarter. L & S Advisors Inc purchased a new position in shares of Chubb in the third quarter worth $8,623,000. Smithfield Trust Co lifted its holdings in shares of Chubb by 14.3% during the third quarter. Smithfield Trust Co now owns 1,446 shares of the financial services provider’s stock valued at $417,000 after purchasing an additional 181 shares in the last quarter. Pacer Advisors Inc. boosted its position in shares of Chubb by 13.1% during the third quarter. Pacer Advisors Inc. now owns 43,032 shares of the financial services provider’s stock valued at $12,410,000 after buying an additional 4,980 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC increased its holdings in Chubb by 5.6% in the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 2,371 shares of the financial services provider’s stock worth $684,000 after buying an additional 125 shares in the last quarter. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Insider Buying and Selling

In related news, CEO Evan G. Greenberg sold 30,318 shares of the stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $289.60, for a total transaction of $8,780,092.80. Following the completion of the transaction, the chief executive officer now directly owns 553,664 shares of the company’s stock, valued at approximately $160,341,094.40. This represents a 5.19 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Michael G. Atieh sold 261 shares of Chubb stock in a transaction that occurred 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 directly owns 39,172 shares in the company, valued at approximately $11,261,558.28. The trade was a 0.66 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 82,715 shares of company stock valued at $23,803,540. Corporate insiders own 0.86% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on CB. JMP Securities upped their target price on shares of Chubb from $300.00 to $325.00 and gave the company a “market outperform” rating in a research note on Wednesday, October 30th. Royal Bank of Canada increased their price objective 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. Morgan Stanley lifted their target price on shares of Chubb from $295.00 to $300.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 30th. JPMorgan Chase & Co. increased their price target on Chubb from $291.00 to $294.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Finally, Wells Fargo & Company lifted their price objective on Chubb from $266.00 to $268.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 5th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $287.37.

Chubb Stock Performance

CB opened at $285.35 on Friday. The firm has a market cap of $115.02 billion, a P/E ratio of 11.69, a PEG ratio of 6.62 and a beta of 0.67. Chubb Limited has a 1-year low of $216.90 and a 1-year high of $302.05. The company has a 50 day simple moving average of $287.54 and a two-hundred day simple moving average of $274.03. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.28 and a quick ratio of 0.28.

Chubb (NYSE:CB) last issued its earnings results on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share for the quarter, topping the consensus estimate of $4.98 by $0.74. Chubb had a net margin of 18.32% and a return on equity of 15.46%. The company had revenue of $13.83 billion during the quarter, compared to the consensus estimate of $14.16 billion. During the same quarter in the prior year, the firm posted $4.95 EPS. Chubb’s quarterly revenue was up 5.5% compared to the same quarter last year. Equities analysts forecast that Chubb Limited will post 21.77 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 13th will be issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 1.28%. Chubb’s dividend payout ratio is presently 14.91%.

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.