CHICAGO TRUST Co NA Buys 530 Shares of Chubb Limited (NYSE:CB)

CHICAGO TRUST Co NA lifted its stake in shares of Chubb Limited (NYSE:CB) by 3.4% in the third quarter, Holdings Channel.com reports. The fund owned 16,014 shares of the financial services provider’s stock after acquiring an additional 530 shares during the quarter. Chubb makes up approximately 0.8% of CHICAGO TRUST Co NA’s investment portfolio, making the stock its 23rd biggest position. CHICAGO TRUST Co NA’s holdings in Chubb were worth $4,618,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in CB. Scarborough Advisors LLC bought a new position in shares of Chubb during the fourth quarter worth about $239,000. Chicago Partners Investment Group LLC increased its holdings in Chubb by 3.2% in the fourth quarter. Chicago Partners Investment Group LLC now owns 1,557 shares of the financial services provider’s stock worth $376,000 after purchasing an additional 49 shares in the last quarter. Syon Capital LLC increased its holdings in Chubb by 6.3% in the fourth quarter. Syon Capital LLC now owns 3,034 shares of the financial services provider’s stock worth $686,000 after purchasing an additional 179 shares in the last quarter. Richardson Financial Services Inc. bought a new stake in Chubb in the fourth quarter worth approximately $87,000. Finally, CCM Investment Advisers LLC increased its holdings in Chubb by 0.6% in the fourth quarter. CCM Investment Advisers LLC now owns 55,858 shares of the financial services provider’s stock worth $12,624,000 after purchasing an additional 354 shares in the last quarter. 83.81% of the stock is currently owned by institutional investors.

Chubb Stock Up 0.7 %

Shares of NYSE:CB opened at $286.83 on Friday. The stock has a market cap of $116.47 billion, a price-to-earnings ratio of 12.73, a PEG ratio of 5.87 and a beta of 0.66. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.20. Chubb Limited has a 12-month low of $205.64 and a 12-month high of $294.18. The business’s 50 day moving average is $282.13 and its 200 day moving average is $266.72.

Chubb (NYSE:CB) last announced its earnings results on Tuesday, July 23rd. The financial services provider reported $5.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.04 by $0.34. The company had revenue of $13.36 billion for 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% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.92 earnings per share. On average, sell-side analysts forecast that Chubb Limited will post 21.32 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 4th. Shareholders of record on Friday, September 13th were paid a $0.91 dividend. The ex-dividend date was Friday, September 13th. This represents a $3.64 dividend on an annualized basis and a yield of 1.27%. Chubb’s dividend payout ratio (DPR) is presently 16.16%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Morgan Stanley lowered their target price on Chubb from $260.00 to $259.00 and set an “equal weight” rating for the company in a report on Wednesday, July 10th. JMP Securities lifted their target price on Chubb from $280.00 to $300.00 and gave the stock a “market outperform” rating in a report on Wednesday, July 24th. Bank of America lifted their target price on Chubb from $275.00 to $282.00 and gave the stock an “underperform” rating in a report on Thursday. Barclays assumed coverage on Chubb in a report on Wednesday, September 4th. They issued an “overweight” rating and a $349.00 target price for the company. Finally, JPMorgan Chase & Co. boosted their price objective on Chubb from $290.00 to $291.00 and gave the company a “neutral” rating in a report on Thursday. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $282.37.

Insider Buying and Selling at Chubb

In other Chubb news, CEO Evan G. Greenberg sold 30,537 shares of the company’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $287.25, for a total value of $8,771,753.25. Following the completion of the transaction, the chief executive officer now owns 583,982 shares in the company, valued at $167,748,829.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Evan G. Greenberg sold 30,318 shares of the stock in a transaction 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 owns 553,664 shares in the company, valued at approximately $160,341,094.40. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Evan G. Greenberg sold 30,537 shares of the stock in a transaction on Friday, September 6th. The stock was sold at an average price of $287.25, for a total value of $8,771,753.25. Following the transaction, the chief executive officer now owns 583,982 shares of the company’s stock, valued at $167,748,829.50. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 86,636 shares of company stock worth $24,874,208 in the last quarter. 0.86% of the stock is currently owned by company insiders.

Chubb Company 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.