First National Trust Co Decreases Stake in Chubb Limited (NYSE:CB)

First National Trust Co decreased its position in Chubb Limited (NYSE:CB) by 2.7% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 11,258 shares of the financial services provider’s stock after selling 307 shares during the period. First National Trust Co’s holdings in Chubb were worth $3,111,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Continuum Advisory LLC increased its stake in Chubb by 56.5% in the 3rd 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. Gordian Capital Singapore Pte Ltd purchased a new stake in Chubb in the 3rd quarter valued at about $29,000. Raelipskie Partnership purchased a new stake in Chubb in the 3rd quarter valued at about $29,000. Sierra Ocean LLC bought a new position in shares of Chubb during the 4th quarter valued at approximately $29,000. Finally, Truvestments Capital LLC bought a new position in shares of Chubb during the 3rd quarter valued at approximately $30,000. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Chubb Stock Up 2.0 %

Shares of NYSE:CB opened at $294.46 on Friday. The firm has a fifty day moving average price of $273.60 and a two-hundred day moving average price of $280.82. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.25 and a quick ratio of 0.28. Chubb Limited has a one year low of $238.85 and a one year high of $302.05. The company has a market cap of $117.91 billion, a price-to-earnings ratio of 12.96, a PEG ratio of 3.36 and a beta of 0.66.

Chubb (NYSE:CB) last announced its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $6.02 EPS for the quarter, beating the consensus estimate of $5.33 by $0.69. Chubb had a net margin of 16.63% and a return on equity of 13.75%. Analysts anticipate that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 14th will be issued a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 1.24%. The ex-dividend date of this dividend is Friday, March 14th. Chubb’s payout ratio is 16.02%.

Analyst Ratings Changes

A number of research firms have recently weighed in on CB. Barclays reduced their target price on shares of Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a research report on Monday, January 6th. JMP Securities reissued a “market outperform” rating and set a $325.00 target price on shares of Chubb in a research report on Wednesday, January 29th. Royal Bank of Canada reissued an “outperform” rating and set a $320.00 target price on shares of Chubb in a research report on Thursday, January 30th. HSBC raised shares of Chubb from a “hold” rating to a “buy” rating and set a $323.00 target price for the company in a research report on Wednesday, March 5th. Finally, Keefe, Bruyette & Woods increased their target price on shares of Chubb from $328.00 to $329.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Chubb currently has an average rating of “Hold” and an average price target of $301.00.

Insider Activity

In other news, EVP Joseph F. Wayland sold 10,000 shares of the firm’s stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $286.96, for a total transaction of $2,869,600.00. Following the sale, the executive vice president now owns 77,703 shares in the company, valued at approximately $22,297,652.88. This trade represents a 11.40 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Evan G. Greenberg sold 25,728 shares of the firm’s stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $291.45, for a total transaction of $7,498,425.60. Following the sale, the chief executive officer now owns 584,395 shares in the company, valued at approximately $170,321,922.75. This trade represents a 4.22 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.86% of the company’s stock.

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.