Private Trust Co. NA Sells 466 Shares of Chubb Limited (NYSE:CB)

Private Trust Co. NA trimmed its holdings in shares of Chubb Limited (NYSE:CB) by 4.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,107 shares of the financial services provider’s stock after selling 466 shares during the quarter. Private Trust Co. NA’s holdings in Chubb were worth $2,915,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Pathway Financial Advisers LLC acquired a new stake in shares of Chubb in the first quarter worth $25,000. Beacon Capital Management LLC increased its position in Chubb by 76.4% in the 2nd quarter. Beacon Capital Management LLC now owns 97 shares of the financial services provider’s stock worth $25,000 after buying an additional 42 shares during the period. Chilton Capital Management LLC bought a new position in Chubb during the second quarter worth $26,000. Strategic Financial Concepts LLC acquired a new stake in Chubb in the 2nd quarter worth $28,000. Finally, Kozak & Associates Inc. acquired a new stake in Chubb during the third quarter worth about $29,000. 83.81% of the stock is currently owned by institutional investors.

Chubb Stock Up 0.3 %

Shares of CB traded up $0.92 during mid-day trading on Monday, hitting $286.13. 109,082 shares of the company’s stock were exchanged, compared to its average volume of 1,596,546. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.28 and a quick ratio of 0.28. Chubb Limited has a 52 week low of $216.90 and a 52 week high of $302.05. The company has a market cap of $115.34 billion, a PE ratio of 11.68, a P/E/G ratio of 6.65 and a beta of 0.67. The company has a 50-day simple moving average of $287.46 and a 200 day simple moving average of $274.58.

Chubb (NYSE:CB) last posted its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.98 by $0.74. Chubb had a net margin of 18.32% and a return on equity of 15.46%. The firm had revenue of $13.83 billion for the quarter, compared to analyst estimates of $14.16 billion. During the same period in the prior year, the firm posted $4.95 earnings per share. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. On average, research analysts forecast that Chubb Limited will post 21.77 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 13th will be given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date of this dividend is Friday, December 13th. Chubb’s dividend payout ratio (DPR) is presently 14.91%.

Insider Activity

In other Chubb news, CEO Evan G. Greenberg sold 30,537 shares of the stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $287.25, for a total value of $8,771,753.25. Following the transaction, the chief executive officer now directly owns 583,982 shares of the company’s stock, valued at $167,748,829.50. This represents a 4.97 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael G. Atieh sold 261 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $287.49, for a total value of $75,034.89. Following the completion of the transaction, the director now directly owns 39,172 shares in the company, valued at $11,261,558.28. The trade was a 0.66 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 82,715 shares of company stock valued at $23,803,540 over the last three months. Insiders own 0.86% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on CB. Bank of America upped their target price on Chubb from $275.00 to $282.00 and gave the company an “underperform” rating in a research note on Thursday, October 10th. Morgan Stanley increased their target price on Chubb from $295.00 to $300.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 30th. JPMorgan Chase & Co. increased their price objective on Chubb from $291.00 to $294.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Keefe, Bruyette & Woods increased their target price on shares of Chubb from $305.00 to $320.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Finally, Piper Sandler boosted their price target on shares of Chubb from $281.00 to $305.00 and gave the company an “overweight” rating in a research report on Friday, October 4th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $287.37.

About Chubb

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.