Chubb Limited (NYSE:CB) Shares Acquired by Security National Bank

Security National Bank lifted its position in shares of Chubb Limited (NYSE:CB) by 4.7% during the first quarter, HoldingsChannel reports. The fund owned 7,324 shares of the financial services provider’s stock after acquiring an additional 329 shares during the quarter. Security National Bank’s holdings in Chubb were worth $1,898,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Epoch Investment Partners Inc. boosted its holdings in Chubb by 9.3% during the third quarter. Epoch Investment Partners Inc. now owns 10,532 shares of the financial services provider’s stock worth $2,193,000 after buying an additional 893 shares in the last quarter. Operose Advisors LLC boosted its holdings in Chubb by 336.5% during the third quarter. Operose Advisors LLC now owns 694 shares of the financial services provider’s stock worth $144,000 after buying an additional 535 shares in the last quarter. Mendel Money Management purchased a new stake in Chubb during the third quarter worth about $216,000. Mather Group LLC. lifted its holdings in shares of Chubb by 5.5% in the third quarter. Mather Group LLC. now owns 4,130 shares of the financial services provider’s stock valued at $860,000 after purchasing an additional 217 shares in the last quarter. Finally, Treasurer of the State of North Carolina lifted its holdings in shares of Chubb by 0.3% in the third quarter. Treasurer of the State of North Carolina now owns 196,584 shares of the financial services provider’s stock valued at $40,925,000 after purchasing an additional 684 shares in the last quarter. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Citigroup reaffirmed a “neutral” rating and issued a $275.00 price target (up previously from $238.00) on shares of Chubb in a report on Thursday, March 14th. Keefe, Bruyette & Woods cut their price objective on shares of Chubb from $297.00 to $294.00 and set an “outperform” rating for the company in a research report on Tuesday, May 7th. JMP Securities reissued a “market outperform” rating and issued a $280.00 price objective on shares of Chubb in a research report on Monday, April 15th. Royal Bank of Canada cut their price objective on shares of Chubb from $295.00 to $285.00 and set an “outperform” rating for the company in a research report on Thursday, April 25th. Finally, The Goldman Sachs Group increased their price objective on shares of Chubb from $228.00 to $254.00 and gave the stock a “neutral” rating in a research report on Friday, April 12th. Eleven investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $266.70.

Chubb Stock Performance

CB traded down $2.72 during trading on Wednesday, reaching $260.57. 518,039 shares of the company’s stock were exchanged, compared to its average volume of 1,678,188. Chubb Limited has a fifty-two week low of $183.71 and a fifty-two week high of $275.41. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.21. The business has a 50 day moving average price of $258.54 and a 200 day moving average price of $248.09. The company has a market capitalization of $105.81 billion, a P/E ratio of 11.55, a PEG ratio of 6.32 and a beta of 0.66.

Chubb (NYSE:CB) last posted its quarterly earnings results on Tuesday, April 23rd. The financial services provider reported $5.41 earnings per share for the quarter, topping analysts’ consensus estimates of $5.29 by $0.12. Chubb had a net margin of 17.99% and a return on equity of 16.29%. The firm had revenue of $12.22 billion for the quarter, compared to the consensus estimate of $11.75 billion. During the same quarter in the previous year, the company earned $4.41 earnings per share. The business’s revenue was up 14.1% compared to the same quarter last year. As a group, analysts predict that Chubb Limited will post 21.15 earnings per share for the current fiscal year.

Chubb Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 5th. Stockholders of record on Friday, June 14th will be paid a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 1.40%. The ex-dividend date is Friday, June 14th. This is an increase from Chubb’s previous quarterly dividend of $0.86. Chubb’s payout ratio is currently 16.16%.

Insider Activity

In related news, COO John W. Keogh sold 34,707 shares of Chubb stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $251.98, for a total value of $8,745,469.86. Following the completion of the transaction, the chief operating officer now directly owns 284,136 shares of the company’s stock, valued at $71,596,589.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Chubb news, CAO Annmarie T. Hagan sold 1,529 shares of Chubb stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $263.81, for a total value of $403,365.49. Following the transaction, the chief accounting officer now owns 7,718 shares in the company, valued at $2,036,085.58. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO John W. Keogh sold 34,707 shares of Chubb stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $251.98, for a total value of $8,745,469.86. Following the completion of the transaction, the chief operating officer now owns 284,136 shares in the company, valued at approximately $71,596,589.28. The disclosure for this sale can be found here. In the last quarter, insiders have sold 47,552 shares of company stock worth $12,149,985. Corporate insiders own 0.86% of the company’s stock.

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.