Busey Bank Sells 80 Shares of Chubb Limited (NYSE:CB)

Busey Bank lowered its position in Chubb Limited (NYSE:CB) by 8.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 820 shares of the financial services provider’s stock after selling 80 shares during the period. Busey Bank’s holdings in Chubb were worth $227,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Ironwood Investment Counsel LLC raised its position in Chubb by 2.1% in the 3rd quarter. Ironwood Investment Counsel LLC now owns 1,721 shares of the financial services provider’s stock valued at $496,000 after purchasing an additional 35 shares during the last quarter. Continuum Advisory LLC raised its holdings in shares of Chubb by 56.5% in the third quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock valued at $28,000 after buying an additional 35 shares during the last quarter. First Financial Bank Trust Division lifted its position in Chubb by 3.7% during the 4th quarter. First Financial Bank Trust Division now owns 1,026 shares of the financial services provider’s stock worth $283,000 after buying an additional 37 shares in the last quarter. LVW Advisors LLC grew its holdings in Chubb by 0.3% during the 3rd quarter. LVW Advisors LLC now owns 11,754 shares of the financial services provider’s stock worth $3,390,000 after acquiring an additional 40 shares during the last quarter. Finally, Wealth Effects LLC increased its position in Chubb by 3.0% in the 3rd quarter. Wealth Effects LLC now owns 1,370 shares of the financial services provider’s stock valued at $395,000 after acquiring an additional 40 shares in the last quarter. 83.81% of the stock is owned by institutional investors and hedge funds.

Chubb Stock Performance

CB stock opened at $274.76 on Friday. Chubb Limited has a 1-year low of $238.85 and a 1-year high of $302.05. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. The firm has a market cap of $110.76 billion, a PE ratio of 11.25, a P/E/G ratio of 7.23 and a beta of 0.67. The business’s 50-day moving average price is $275.63 and its two-hundred day moving average price is $279.20.

Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share for the quarter, beating the consensus estimate of $5.33 by $0.69. Chubb had a return on equity of 15.46% and a net margin of 18.32%. As a group, research analysts forecast that Chubb Limited will post 21.95 earnings per share for the current year.

Chubb Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 13th were issued a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 1.32%. The ex-dividend date was Friday, December 13th. Chubb’s dividend payout ratio (DPR) is presently 14.91%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on CB. Jefferies Financial Group upped their target price on shares of Chubb from $294.00 to $295.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Morgan Stanley increased their price objective on Chubb from $295.00 to $300.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 30th. Keefe, Bruyette & Woods boosted their target price on Chubb from $320.00 to $328.00 and gave the stock an “outperform” rating in a research report on Friday, January 10th. Royal Bank of Canada reiterated an “outperform” rating and issued a $320.00 price target on shares of Chubb in a report on Thursday. Finally, Piper Sandler boosted their price objective on Chubb from $281.00 to $305.00 and gave the stock an “overweight” rating in a report on Friday, October 4th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Chubb currently has an average rating of “Hold” and an average price target of $289.78.

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.