Chubb Limited (NYSE:CB) Shares Sold by Wesbanco Bank Inc.

Wesbanco Bank Inc. lowered its stake in Chubb Limited (NYSE:CB) by 4.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,316 shares of the financial services provider’s stock after selling 809 shares during the quarter. Wesbanco Bank Inc.’s holdings in Chubb were worth $4,672,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Pathway Financial Advisers LLC bought a new position in shares of Chubb during the 1st quarter valued at about $25,000. Ables Iannone Moore & Associates Inc. acquired a new stake in Chubb during the fourth quarter valued at approximately $29,000. Wellington Shields Capital Management LLC bought a new stake in Chubb during the first quarter worth approximately $29,000. Tennessee Valley Asset Management Partners acquired a new position in Chubb in the fourth quarter worth approximately $32,000. Finally, Northwest Financial Advisors bought a new position in shares of Chubb in the fourth quarter valued at $33,000. 83.81% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CB has been the topic of a number of recent research reports. Bank of America lifted their target price on Chubb from $257.00 to $264.00 and gave the stock a “neutral” rating in a report on Wednesday, July 24th. StockNews.com cut shares of Chubb from a “buy” rating to a “hold” rating in a report on Wednesday, April 24th. JMP Securities upped their price target on shares of Chubb from $280.00 to $300.00 and gave the company a “market outperform” rating in a research report on Wednesday, July 24th. Royal Bank of Canada raised their target price on Chubb from $285.00 to $295.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Finally, JPMorgan Chase & Co. upped their price target on Chubb from $266.00 to $286.00 and gave the company a “neutral” rating in a research report on Thursday, July 11th. One research analyst has 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 company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $270.79.

Insider Buying and Selling at Chubb

In other Chubb news, CAO Annmarie T. Hagan sold 1,529 shares of the business’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $263.81, for a total value of $403,365.49. Following the transaction, the chief accounting officer now owns 7,718 shares of the company’s stock, valued at $2,036,085.58. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, EVP Juan Luis Ortega sold 2,400 shares of the business’s stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $260.98, for a total value of $626,352.00. Following the completion of the transaction, the executive vice president now owns 44,632 shares in the company, valued at approximately $11,648,059.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Annmarie T. Hagan sold 1,529 shares of the stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $263.81, for a total value of $403,365.49. Following the completion of the transaction, the chief accounting officer now owns 7,718 shares in the company, valued at $2,036,085.58. The disclosure for this sale can be found here. Insiders have sold 12,845 shares of company stock worth $3,404,515 over the last three months. Company insiders own 0.86% of the company’s stock.

Chubb Stock Up 0.2 %

CB stock opened at $269.85 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.31 and a quick ratio of 0.29. The company has a 50-day moving average of $263.19 and a two-hundred day moving average of $256.05. The stock has a market capitalization of $109.58 billion, a price-to-earnings ratio of 11.95, a price-to-earnings-growth ratio of 5.21 and a beta of 0.66. Chubb Limited has a 52-week low of $198.10 and a 52-week high of $277.91.

Chubb (NYSE:CB) last issued its earnings results on Tuesday, July 23rd. The financial services provider reported $5.38 earnings per share for the quarter, beating the consensus estimate of $5.04 by $0.34. The business had revenue of $13.36 billion for the quarter, compared to analyst estimates of $13.04 billion. Chubb had a net margin of 18.14% and a return on equity of 15.77%. The firm’s revenue was up 11.8% on a year-over-year basis. During the same period in the previous year, the business earned $4.92 EPS. As a group, equities research analysts anticipate that Chubb Limited will post 21.15 EPS for the current year.

Chubb Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 4th. Investors of record on Friday, September 13th will be given a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 1.35%. Chubb’s dividend payout ratio (DPR) 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.