Equitable Trust Co. Purchases New Shares in Chubb Limited (NYSE:CB)

Equitable Trust Co. purchased a new stake in Chubb Limited (NYSE:CBFree Report) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 1,196 shares of the financial services provider’s stock, valued at approximately $249,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. State Street Corp lifted its holdings in Chubb by 1.0% in the 2nd quarter. State Street Corp now owns 18,670,426 shares of the financial services provider’s stock valued at $3,610,928,000 after purchasing an additional 181,441 shares in the last quarter. Capital World Investors lifted its holdings in Chubb by 0.3% in the 2nd quarter. Capital World Investors now owns 10,259,488 shares of the financial services provider’s stock valued at $1,975,364,000 after purchasing an additional 27,110 shares in the last quarter. Moneta Group Investment Advisors LLC lifted its holdings in Chubb by 102,751.3% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 8,289,814 shares of the financial services provider’s stock valued at $1,828,733,000 after purchasing an additional 8,281,754 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Chubb by 1.9% in the 2nd quarter. Geode Capital Management LLC now owns 7,982,696 shares of the financial services provider’s stock valued at $1,533,064,000 after purchasing an additional 149,362 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in Chubb by 1.4% in the 2nd quarter. Wells Fargo & Company MN now owns 5,929,199 shares of the financial services provider’s stock valued at $1,141,727,000 after purchasing an additional 80,892 shares in the last quarter. Hedge funds and other institutional investors own 86.30% of the company’s stock.

Insider Buying and Selling at Chubb

In other Chubb news, insider John J. Lupica sold 17,810 shares of Chubb stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $218.76, for a total value of $3,896,115.60. Following the completion of the transaction, the insider now directly owns 136,239 shares of the company’s stock, valued at approximately $29,803,643.64. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Chubb news, insider John J. Lupica sold 17,810 shares of Chubb stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $218.76, for a total value of $3,896,115.60. Following the completion of the transaction, the insider now directly owns 136,239 shares of the company’s stock, valued at approximately $29,803,643.64. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Juan Luis Ortega sold 1,508 shares of the business’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $218.63, for a total value of $329,694.04. Following the transaction, the executive vice president now directly owns 49,940 shares of the company’s stock, valued at $10,918,382.20. The disclosure for this sale can be found here. Insiders sold a total of 37,128 shares of company stock valued at $8,121,925 in the last three months. 0.37% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on CB. TD Cowen began coverage on Chubb in a report on Wednesday, January 10th. They issued a “market perform” rating and a $254.00 price objective on the stock. HSBC began coverage on Chubb in a report on Thursday, December 28th. They set a “buy” rating and a $263.00 price target on the stock. StockNews.com upgraded Chubb from a “hold” rating to a “buy” rating in a report on Friday, January 5th. UBS Group lifted their price target on Chubb from $235.00 to $245.00 and gave the stock a “neutral” rating in a report on Wednesday, January 10th. Finally, Jefferies Financial Group reduced their price target on Chubb from $217.00 to $215.00 in a report on Friday, October 6th. Seven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, Chubb has a consensus rating of “Moderate Buy” and an average price target of $242.53.

Read Our Latest Report on Chubb

Chubb Stock Up 0.2 %

Shares of CB opened at $243.18 on Wednesday. The firm has a market cap of $99.22 billion, a P/E ratio of 14.36, a price-to-earnings-growth ratio of 1.18 and a beta of 0.61. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.24. The company’s 50-day moving average price is $227.71 and its 200 day moving average price is $215.17. Chubb Limited has a 12-month low of $183.40 and a 12-month high of $244.34.

Chubb Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 5th. Shareholders of record on Friday, December 15th were given a $0.86 dividend. This represents a $3.44 annualized dividend and a yield of 1.41%. The ex-dividend date of this dividend was Thursday, December 14th. Chubb’s dividend payout ratio is currently 20.32%.

About Chubb

(Free Report)

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, cyber risk, surety, and excess casualty; and group accident and health insurance to large, middle market, and small commercial businesses.

Further Reading

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Institutional Ownership by Quarter for Chubb (NYSE:CB)

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