Somerset Trust Co Has $3.70 Million Stock Holdings in Chubb Limited (NYSE:CB)

Somerset Trust Co raised its holdings in Chubb Limited (NYSE:CBFree Report) by 1.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 14,283 shares of the financial services provider’s stock after purchasing an additional 247 shares during the quarter. Chubb accounts for approximately 1.5% of Somerset Trust Co’s investment portfolio, making the stock its 25th biggest position. Somerset Trust Co’s holdings in Chubb were worth $3,701,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Rossmore Private Capital boosted its holdings in shares of Chubb by 1.6% during the 4th quarter. Rossmore Private Capital now owns 2,600 shares of the financial services provider’s stock valued at $588,000 after acquiring an additional 41 shares in the last quarter. MCF Advisors LLC boosted its holdings in shares of Chubb by 4.2% during the 4th quarter. MCF Advisors LLC now owns 1,046 shares of the financial services provider’s stock valued at $237,000 after acquiring an additional 42 shares in the last quarter. Angeles Investment Advisors LLC raised its position in Chubb by 2.1% during the 4th quarter. Angeles Investment Advisors LLC now owns 2,027 shares of the financial services provider’s stock worth $460,000 after purchasing an additional 42 shares during the last quarter. AdvisorNet Financial Inc raised its position in Chubb by 5.2% during the 4th quarter. AdvisorNet Financial Inc now owns 886 shares of the financial services provider’s stock worth $200,000 after purchasing an additional 44 shares during the last quarter. Finally, Valley National Advisers Inc. raised its position in Chubb by 0.9% during the 4th quarter. Valley National Advisers Inc. now owns 5,113 shares of the financial services provider’s stock worth $1,155,000 after purchasing an additional 44 shares during the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Insider Buying and Selling at Chubb

In other news, EVP Juan Luis Ortega sold 2,400 shares of the business’s stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $260.98, for a total value of $626,352.00. Following the transaction, the executive vice president now owns 44,632 shares in the company, valued at approximately $11,648,059.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, Director Michael G. Atieh sold 716 shares of the business’s stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $269.70, for a total value of $193,105.20. Following the transaction, the director now owns 39,295 shares in the company, valued at approximately $10,597,861.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Juan Luis Ortega sold 2,400 shares of the business’s stock in a transaction that occurred on Thursday, June 6th. The stock was 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 disclosure for this sale can be found here. In the last quarter, insiders sold 39,352 shares of company stock worth $9,968,293. Insiders own 0.86% of the company’s stock.

Chubb Stock Up 0.9 %

CB stock traded up $2.31 during mid-day trading on Wednesday, reaching $263.03. 1,445,357 shares of the company traded hands, compared to its average volume of 1,371,275. The stock has a market cap of $106.81 billion, a price-to-earnings ratio of 11.67, a P/E/G ratio of 6.25 and a beta of 0.66. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.21. Chubb Limited has a fifty-two week low of $183.71 and a fifty-two week high of $275.41. The firm’s 50 day moving average price is $256.62 and its 200 day moving average price is $246.69.

Chubb (NYSE:CBGet Free Report) last released its quarterly earnings results on Tuesday, April 23rd. The financial services provider reported $5.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.29 by $0.12. The business had revenue of $12.22 billion during the quarter, compared to the consensus estimate of $11.75 billion. Chubb had a return on equity of 16.29% and a net margin of 17.99%. The company’s quarterly revenue was up 14.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.41 EPS. As a group, equities research analysts predict that Chubb Limited will post 21.19 EPS for the current fiscal year.

Chubb Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 5th. Shareholders of record on Friday, June 14th will be paid a dividend of $0.91 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $3.64 dividend on an annualized basis and a yield of 1.38%. This is an increase from Chubb’s previous quarterly dividend of $0.86. Chubb’s payout ratio is 16.16%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. The Goldman Sachs Group raised their target price on Chubb from $228.00 to $254.00 and gave the stock a “neutral” rating in a research report on Friday, April 12th. Morgan Stanley raised their target price on Chubb from $258.00 to $260.00 and gave the stock an “equal weight” rating in a research report on Monday, April 15th. StockNews.com lowered Chubb from a “buy” rating to a “hold” rating in a research report on Wednesday, April 24th. Royal Bank of Canada lowered their price objective on Chubb from $295.00 to $285.00 and set an “outperform” rating for the company in a research report on Thursday, April 25th. Finally, JPMorgan Chase & Co. lifted their price objective on Chubb from $253.00 to $266.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. Eleven research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $266.70.

Check Out Our Latest Stock Analysis on Chubb

Chubb Profile

(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 risk, cyber risk, surety, and 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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