Chubb Limited (NYSE:CB) Shares Acquired by AMG National Trust Bank

AMG National Trust Bank increased its position in Chubb Limited (NYSE:CB) by 6.8% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,543 shares of the financial services provider’s stock after acquiring an additional 288 shares during the period. AMG National Trust Bank’s holdings in Chubb were worth $1,159,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Calamos Wealth Management LLC grew its holdings in Chubb by 2.1% during the 2nd quarter. Calamos Wealth Management LLC now owns 38,861 shares of the financial services provider’s stock valued at $9,913,000 after buying an additional 807 shares during the last quarter. Field & Main Bank grew its holdings in Chubb by 4.6% during the 2nd quarter. Field & Main Bank now owns 5,055 shares of the financial services provider’s stock valued at $1,289,000 after buying an additional 222 shares during the last quarter. Kanawha Capital Management LLC grew its holdings in Chubb by 2.6% during the 2nd quarter. Kanawha Capital Management LLC now owns 56,307 shares of the financial services provider’s stock valued at $14,363,000 after buying an additional 1,445 shares during the last quarter. RFP Financial Group LLC grew its holdings in Chubb by 34.3% during the 2nd quarter. RFP Financial Group LLC now owns 184 shares of the financial services provider’s stock valued at $47,000 after buying an additional 47 shares during the last quarter. Finally, Pictet North America Advisors SA grew its holdings in Chubb by 18.4% during the 2nd quarter. Pictet North America Advisors SA now owns 10,260 shares of the financial services provider’s stock valued at $2,617,000 after buying an additional 1,595 shares during the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Chubb Stock Up 1.2 %

Chubb stock traded up $3.25 during midday trading on Friday, hitting $276.10. 1,325,683 shares of the company were exchanged, compared to its average volume of 1,618,184. The company has a market cap of $112.11 billion, a PE ratio of 12.25, a price-to-earnings-growth ratio of 5.21 and a beta of 0.66. Chubb Limited has a fifty-two week low of $198.67 and a fifty-two week high of $277.91. The company’s fifty day moving average price is $264.71 and its 200-day moving average price is $258.32. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.31 and a quick ratio of 0.29.

Chubb (NYSE:CB) last released its quarterly earnings results 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. The firm had revenue of $13.36 billion during the quarter, compared to analysts’ expectations of $13.04 billion. Chubb had a return on equity of 15.77% and a net margin of 18.14%. Chubb’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.92 EPS. On average, research analysts predict that Chubb Limited will post 21.15 EPS for the current fiscal year.

Chubb Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 4th. Shareholders of record on Friday, September 13th will be issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date is Friday, September 13th. Chubb’s dividend payout ratio is presently 16.16%.

Analyst Ratings Changes

A number of equities research analysts have commented on CB shares. JPMorgan Chase & Co. increased their target price on Chubb from $266.00 to $286.00 and gave the company a “neutral” rating in a report on Thursday, July 11th. Royal Bank of Canada raised their price objective on Chubb from $285.00 to $295.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. William Blair cut Chubb from a “market perform” rating to an “underperform” rating in a report on Friday, June 28th. JMP Securities raised their price objective on Chubb from $280.00 to $300.00 and gave the stock a “market outperform” rating in a report on Wednesday, July 24th. Finally, Roth Mkm raised their price objective on Chubb from $280.00 to $300.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Chubb has an average rating of “Hold” and an average price target of $270.79.

Insiders Place Their Bets

In other Chubb news, EVP Juan Luis Ortega sold 3,921 shares of the company’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $273.06, for a total value of $1,070,668.26. Following the transaction, the executive vice president now directly owns 44,632 shares of the company’s stock, valued at approximately $12,187,213.92. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Chubb news, EVP Juan Luis Ortega sold 3,921 shares of the company’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $273.06, for a total value of $1,070,668.26. Following the transaction, the executive vice president now directly owns 44,632 shares of the company’s stock, valued at approximately $12,187,213.92. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Peter C. Enns sold 8,200 shares of the company’s stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $266.06, for a total value of $2,181,692.00. Following the completion of the transaction, the executive vice president now directly owns 45,853 shares in the company, valued at $12,199,649.18. The disclosure for this sale can be found here. Insiders sold a total of 14,521 shares of company stock worth $3,878,712 in the last 90 days. 0.86% of the stock is owned by company insiders.

About Chubb

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.