AMG National Trust Bank Has $1.08 Million Position in Chubb Limited (NYSE:CB)

AMG National Trust Bank grew its stake in Chubb Limited (NYSE:CB) by 2.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,898 shares of the financial services provider’s stock after purchasing an additional 88 shares during the period. AMG National Trust Bank’s holdings in Chubb were worth $1,077,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in CB. Van ECK Associates Corp boosted its stake in shares of Chubb by 2.8% in the 3rd quarter. Van ECK Associates Corp now owns 13,010 shares of the financial services provider’s stock valued at $3,838,000 after purchasing an additional 359 shares in the last quarter. Impax Asset Management Group plc acquired a new stake in Chubb during the 3rd quarter worth approximately $26,336,000. Financial Strategies Group Inc. acquired a new stake in Chubb during the 3rd quarter worth approximately $6,693,000. Comprehensive Financial Consultants Institutional Inc. boosted its position in Chubb by 1.2% during the 3rd quarter. Comprehensive Financial Consultants Institutional Inc. now owns 16,174 shares of the financial services provider’s stock worth $4,664,000 after buying an additional 191 shares during the period. Finally, Capital Performance Advisors LLP acquired a new stake in Chubb during the 3rd quarter worth approximately $82,000. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Chubb Stock Up 0.1 %

Chubb stock opened at $286.52 on Friday. The company has a quick ratio of 0.28, a current ratio of 0.25 and a debt-to-equity ratio of 0.21. Chubb Limited has a 12-month low of $238.85 and a 12-month high of $302.05. The firm’s fifty day moving average is $272.01 and its 200 day moving average is $280.24. The company has a market capitalization of $115.50 billion, a PE ratio of 12.61, a PEG ratio of 3.36 and a beta of 0.67.

Chubb (NYSE:CB) last released its earnings results on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.33 by $0.69. Chubb had a net margin of 16.63% and a return on equity of 13.75%. As a group, sell-side analysts predict that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 14th will be given a dividend of $0.91 per share. The ex-dividend date is Friday, March 14th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.27%. Chubb’s payout ratio is presently 16.02%.

Insider Activity at Chubb

In other Chubb news, EVP Joseph F. Wayland sold 10,000 shares of the company’s stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $286.96, for a total transaction of $2,869,600.00. Following the transaction, the executive vice president now owns 77,703 shares in the company, valued at approximately $22,297,652.88. This represents a 11.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.86% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms recently commented on CB. HSBC upgraded shares of Chubb from a “hold” rating to a “buy” rating and set a $323.00 target price on the stock in a research report on Wednesday. Hsbc Global Res upgraded shares of Chubb from a “hold” rating to a “strong-buy” rating in a research report on Wednesday. Keefe, Bruyette & Woods lifted their target price on shares of Chubb from $328.00 to $329.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. Wells Fargo & Company cut their target price on shares of Chubb from $268.00 to $264.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 14th. Finally, Barclays lowered their price target on shares of Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a report on Monday, January 6th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Chubb currently has a consensus rating of “Hold” and a consensus target price of $299.27.

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.