Field & Main Bank Boosts Position in Chubb Limited (NYSE:CB)

Field & Main Bank grew its holdings in shares of Chubb Limited (NYSE:CB) by 6.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,655 shares of the financial services provider’s stock after buying an additional 265 shares during the period. Field & Main Bank’s holdings in Chubb were worth $1,052,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in CB. U.S. Capital Wealth Advisors LLC grew its stake in Chubb by 1.2% in the third quarter. U.S. Capital Wealth Advisors LLC now owns 9,041 shares of the financial services provider’s stock worth $1,882,000 after purchasing an additional 105 shares during the period. Valeo Financial Advisors LLC boosted its holdings in Chubb by 9.2% in the third quarter. Valeo Financial Advisors LLC now owns 3,915 shares of the financial services provider’s stock worth $815,000 after acquiring an additional 331 shares in the last quarter. Golden State Equity Partners boosted its holdings in Chubb by 24.0% in the third quarter. Golden State Equity Partners now owns 1,842 shares of the financial services provider’s stock worth $383,000 after acquiring an additional 357 shares in the last quarter. Avestar Capital LLC bought a new stake in Chubb in the third quarter worth $228,000. Finally, Lester Murray Antman dba SimplyRich boosted its holdings in Chubb by 9.8% in the third quarter. Lester Murray Antman dba SimplyRich now owns 6,833 shares of the financial services provider’s stock worth $1,422,000 after acquiring an additional 609 shares in the last quarter. 83.81% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have commented on CB shares. Evercore ISI boosted their target price on Chubb from $270.00 to $281.00 and gave the stock an “outperform” rating in a report on Thursday, April 11th. Morgan Stanley upped their price target on Chubb from $258.00 to $260.00 and gave the company an “equal weight” rating in a report on Monday, April 15th. Roth Mkm reaffirmed a “buy” rating and set a $280.00 price target on shares of Chubb in a report on Wednesday, April 24th. JPMorgan Chase & Co. upped their price target on Chubb from $253.00 to $266.00 and gave the company a “neutral” rating in a report on Monday, April 8th. Finally, TD Cowen initiated coverage on Chubb in a report on Wednesday, January 10th. They set a “market perform” rating and a $254.00 price target on the stock. Ten research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Chubb currently has a consensus rating of “Moderate Buy” and a consensus target price of $266.89.

Insider Activity at Chubb

In related news, CAO Annmarie T. Hagan sold 7,180 shares of the stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $245.04, for a total transaction of $1,759,387.20. Following the completion of the transaction, the chief accounting officer now directly owns 6,105 shares of the company’s stock, valued at $1,495,969.20. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, insider John J. Lupica sold 34,464 shares of the firm’s stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $258.92, for a total value of $8,923,418.88. Following the completion of the sale, the insider now directly owns 130,937 shares of the company’s stock, valued at approximately $33,902,208.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Annmarie T. Hagan sold 7,180 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $245.04, for a total value of $1,759,387.20. Following the completion of the sale, the chief accounting officer now directly owns 6,105 shares of the company’s stock, valued at $1,495,969.20. The disclosure for this sale can be found here. Over the last three months, insiders sold 116,043 shares of company stock valued at $29,766,694. Insiders own 0.86% of the company’s stock.

Chubb Price Performance

Shares of NYSE:CB traded up $3.77 during trading on Monday, hitting $249.22. 2,182,981 shares of the company’s stock were exchanged, compared to its average volume of 1,754,563. The business’s 50-day simple moving average is $252.29 and its 200 day simple moving average is $236.17. Chubb Limited has a 52-week low of $183.71 and a 52-week high of $260.58. The company has a market cap of $101.18 billion, a price-to-earnings ratio of 11.06, a PEG ratio of 1.16 and a beta of 0.62. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.35 and a quick ratio of 0.29.

Chubb (NYSE:CB) last announced its quarterly earnings results on Tuesday, April 23rd. The financial services provider reported $5.41 EPS for the quarter, beating analysts’ consensus estimates of $5.29 by $0.12. Chubb had a return on equity of 16.29% and a net margin of 17.99%. The company had revenue of $12.22 billion during the quarter, compared to analyst estimates of $11.75 billion. During the same period in the prior year, the company earned $4.41 earnings per share. The firm’s revenue was up 14.1% on a year-over-year basis. As a group, equities analysts predict that Chubb Limited will post 21.17 EPS for the current year.

Chubb Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Friday, March 15th were paid a dividend of $0.86 per share. This represents a $3.44 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date was Thursday, March 14th. Chubb’s payout ratio is presently 15.27%.

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.