Trust Point Inc. Trims Holdings in Chubb Limited (NYSE:CB)

Trust Point Inc. lowered its position in shares of Chubb Limited (NYSE:CB) by 4.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,675 shares of the financial services provider’s stock after selling 87 shares during the quarter. Trust Point Inc.’s holdings in Chubb were worth $483,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bard Financial Services Inc. raised its stake in shares of Chubb by 3.7% during the 1st quarter. Bard Financial Services Inc. now owns 1,130 shares of the financial services provider’s stock worth $293,000 after buying an additional 40 shares during the last quarter. Parkside Financial Bank & Trust grew its holdings in Chubb by 0.5% during the 2nd quarter. Parkside Financial Bank & Trust now owns 7,516 shares of the financial services provider’s stock valued at $1,917,000 after buying an additional 40 shares during the last quarter. Steigerwald Gordon & Koch Inc. grew its holdings in Chubb by 1.9% during the 2nd quarter. Steigerwald Gordon & Koch Inc. now owns 2,127 shares of the financial services provider’s stock valued at $543,000 after buying an additional 40 shares during the last quarter. LVW Advisors LLC raised its holdings in shares of Chubb by 0.3% in the third quarter. LVW Advisors LLC now owns 11,754 shares of the financial services provider’s stock worth $3,390,000 after acquiring an additional 40 shares during the last quarter. Finally, Quotient Wealth Partners LLC raised its stake in Chubb by 4.1% in the 2nd quarter. Quotient Wealth Partners LLC now owns 1,051 shares of the financial services provider’s stock valued at $268,000 after purchasing an additional 41 shares during the last quarter. 83.81% of the stock is owned by hedge funds and other institutional investors.

Chubb Stock Performance

Shares of NYSE CB opened at $301.66 on Friday. Chubb Limited has a 1 year low of $205.64 and a 1 year high of $302.05. The firm has a market cap of $122.49 billion, a P/E ratio of 13.39, a PEG ratio of 5.87 and a beta of 0.66. The stock has a fifty day moving average price of $284.79 and a two-hundred day moving average price of $267.91. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.31 and a current ratio of 0.31.

Chubb (NYSE:CB) last released its earnings results on Tuesday, July 23rd. The financial services provider reported $5.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.04 by $0.34. Chubb had a return on equity of 15.77% and a net margin of 18.14%. The firm had revenue of $13.36 billion for the quarter, compared to analyst estimates of $13.04 billion. During the same period in the previous year, the company earned $4.92 earnings per share. Chubb’s revenue was up 11.8% compared to the same quarter last year. Research analysts forecast that Chubb Limited will post 21.32 EPS for the current fiscal year.

Chubb Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Friday, September 13th were paid a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 1.21%. The ex-dividend date of this dividend was Friday, September 13th. Chubb’s dividend payout ratio is presently 16.16%.

Insiders Place Their Bets

In related news, CEO Evan G. Greenberg sold 30,318 shares of Chubb stock in a transaction on Monday, September 9th. The stock was sold at an average price of $289.60, for a total value of $8,780,092.80. Following the transaction, the chief executive officer now directly owns 553,664 shares in the company, valued at $160,341,094.40. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, CEO Evan G. Greenberg sold 30,318 shares of the firm’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $289.60, for a total value of $8,780,092.80. Following the completion of the sale, the chief executive officer now owns 553,664 shares of the company’s stock, valued at $160,341,094.40. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Juan Luis Ortega sold 3,921 shares of the company’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $273.06, for a total value of $1,070,668.26. Following the transaction, the executive vice president now directly owns 44,632 shares in the company, valued at $12,187,213.92. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 86,636 shares of company stock worth $24,874,208. 0.86% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on CB. Jefferies Financial Group upped their price objective on shares of Chubb from $294.00 to $295.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. JMP Securities reiterated a “market outperform” rating and issued a $300.00 price target on shares of Chubb in a report on Tuesday. JPMorgan Chase & Co. raised their price target on shares of Chubb from $290.00 to $291.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. Keefe, Bruyette & Woods upped their price target on Chubb from $304.00 to $305.00 and gave the stock an “outperform” rating in a report on Monday, July 29th. Finally, Wells Fargo & Company upped their price objective on shares of Chubb from $255.00 to $269.00 and gave the company an “equal weight” rating in a research report on Thursday, October 10th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $282.37.

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.