Greenleaf Trust Increases Stake in Chubb Limited (NYSE:CB)

Greenleaf Trust increased its position in shares of Chubb Limited (NYSE:CB) by 1.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,517 shares of the financial services provider’s stock after buying an additional 237 shares during the period. Greenleaf Trust’s holdings in Chubb were worth $5,340,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in CB. RFG Advisory LLC boosted its position in Chubb by 36.4% during the first quarter. RFG Advisory LLC now owns 1,423 shares of the financial services provider’s stock valued at $369,000 after purchasing an additional 380 shares in the last quarter. Global Assets Advisory LLC acquired a new stake in Chubb in the first quarter worth about $3,869,000. Dynamic Advisor Solutions LLC boosted its holdings in Chubb by 1.9% in the first quarter. Dynamic Advisor Solutions LLC now owns 10,634 shares of the financial services provider’s stock worth $2,756,000 after acquiring an additional 203 shares in the last quarter. West Paces Advisors Inc. boosted its holdings in Chubb by 51.5% in the first quarter. West Paces Advisors Inc. now owns 150 shares of the financial services provider’s stock worth $39,000 after acquiring an additional 51 shares in the last quarter. Finally, Sound Income Strategies LLC boosted its holdings in Chubb by 759.3% in the first quarter. Sound Income Strategies LLC now owns 232 shares of the financial services provider’s stock worth $60,000 after acquiring an additional 205 shares in the last quarter. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Insider Activity

In other Chubb news, Director Michael G. Atieh sold 261 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $287.49, for a total transaction of $75,034.89. Following the completion of the sale, the director now owns 39,172 shares of the company’s stock, valued at approximately $11,261,558.28. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 value 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 $160,341,094.40. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Michael G. Atieh sold 261 shares of the stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $287.49, for a total value of $75,034.89. Following the transaction, the director now directly owns 39,172 shares of the company’s stock, valued at approximately $11,261,558.28. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 86,636 shares of company stock valued at $24,874,208 over the last quarter. Company insiders own 0.86% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on CB. Royal Bank of Canada lifted their target price on Chubb from $285.00 to $295.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. Jefferies Financial Group lifted their target price on Chubb from $294.00 to $295.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Wells Fargo & Company boosted their price objective on Chubb from $255.00 to $269.00 and gave the company an “equal weight” rating in a research report on Thursday, October 10th. Roth Mkm boosted their price objective on Chubb from $280.00 to $300.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. Finally, Barclays assumed coverage on Chubb in a research report on Wednesday, September 4th. They issued an “overweight” rating and a $349.00 price objective for the company. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Chubb has an average rating of “Hold” and an average target price of $282.37.

Chubb Stock Down 0.9 %

Shares of CB traded down $2.56 during mid-day trading on Wednesday, reaching $294.55. The company’s stock had a trading volume of 31,372 shares, compared to its average volume of 1,607,814. Chubb Limited has a 12-month low of $207.46 and a 12-month high of $302.05. The stock has a market cap of $119.61 billion, a PE ratio of 13.19, a price-to-earnings-growth ratio of 5.87 and a beta of 0.66. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.31 and a quick ratio of 0.31. The company’s 50 day moving average is $285.98 and its 200 day moving average is $268.72.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $5.38 earnings per share for the quarter, topping analysts’ consensus estimates of $5.04 by $0.34. Chubb had a return on equity of 15.77% and a net margin of 18.14%. The company had revenue of $13.36 billion during the quarter, compared to analysts’ expectations of $13.04 billion. During the same period last year, the firm earned $4.92 EPS. The firm’s revenue for the quarter was up 11.8% on a year-over-year basis. Equities analysts anticipate that Chubb Limited will post 21.32 EPS for the current fiscal year.

Chubb Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Friday, September 13th were issued a dividend of $0.91 per share. The ex-dividend date was Friday, September 13th. This represents a $3.64 annualized dividend and a yield of 1.24%. Chubb’s dividend payout ratio is presently 16.16%.

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.