Chubb Limited (NYSE:CB) Shares Sold by First National Trust Co

First National Trust Co trimmed its position in Chubb Limited (NYSE:CB) by 0.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 12,730 shares of the financial services provider’s stock after selling 69 shares during the period. First National Trust Co’s holdings in Chubb were worth $2,877,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. ZRC Wealth Management LLC acquired a new position in shares of Chubb during the 4th quarter worth approximately $29,000. Tennessee Valley Asset Management Partners acquired a new position in shares of Chubb during the 4th quarter worth approximately $32,000. Naples Money Management LLC acquired a new position in shares of Chubb during the 4th quarter worth approximately $34,000. Bell Investment Advisors Inc boosted its holdings in shares of Chubb by 39.6% during the 3rd quarter. Bell Investment Advisors Inc now owns 208 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 59 shares during the last quarter. Finally, Addison Advisors LLC boosted its holdings in shares of Chubb by 87.0% during the 4th quarter. Addison Advisors LLC now owns 215 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 100 shares during the last quarter. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Chubb

In other Chubb news, EVP Timothy Alan Boroughs sold 33,150 shares of the stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $255.11, for a total value of $8,456,896.50. Following the transaction, the executive vice president now directly owns 50,486 shares in the company, valued at $12,879,483.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP Timothy Alan Boroughs sold 33,150 shares of the business’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $255.11, for a total value of $8,456,896.50. Following the completion of the sale, the executive vice president now directly owns 50,486 shares of the company’s stock, valued at $12,879,483.46. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Joseph F. Wayland sold 26,946 shares of the business’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $257.02, for a total transaction of $6,925,660.92. Following the completion of the sale, the executive vice president now directly owns 95,252 shares of the company’s stock, valued at $24,481,669.04. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 108,863 shares of company stock valued at $28,007,307. Corporate insiders own 0.86% of the company’s stock.

Analyst Ratings Changes

CB has been the topic of several recent research reports. Wells Fargo & Company boosted their target price on Chubb from $234.00 to $255.00 and gave the stock an “equal weight” rating in a report on Thursday, February 1st. BMO Capital Markets upped their price objective on Chubb from $220.00 to $240.00 and gave the company a “market perform” rating in a report on Monday, February 5th. Morgan Stanley upped their price objective 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 reiterated a “buy” rating and issued a $280.00 price objective on shares of Chubb in a report on Wednesday, April 24th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $282.00 price objective on shares of Chubb in a report on Monday, April 1st. Ten equities research analysts have rated the stock with a hold rating, eight 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 “Moderate Buy” and an average target price of $266.89.

Chubb Stock Down 0.7 %

NYSE:CB traded down $1.71 during mid-day trading on Friday, hitting $248.54. The stock had a trading volume of 1,444,710 shares, compared to its average volume of 1,737,362. Chubb Limited has a twelve month low of $183.71 and a twelve month high of $260.58. The stock has a 50-day simple moving average of $251.96 and a two-hundred day simple moving average of $236.86. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $100.92 billion, a PE ratio of 11.03, a PEG ratio of 1.18 and a beta of 0.63.

Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, April 23rd. The financial services provider reported $5.41 earnings per share for the quarter, beating analysts’ consensus estimates of $5.29 by $0.12. The business had revenue of $12.22 billion for the quarter, compared to analyst estimates of $11.75 billion. Chubb had a net margin of 17.99% and a return on equity of 16.29%. The company’s revenue was up 14.1% on a year-over-year basis. During the same period last year, the business earned $4.41 EPS. On average, equities research analysts anticipate that Chubb Limited will post 21.18 EPS for the current year.

Chubb Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Friday, March 15th were issued a $0.86 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $3.44 dividend on an annualized basis and a dividend yield of 1.38%. Chubb’s payout ratio is currently 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.