Chubb Limited (NYSE:CB) Shares Sold by First Hawaiian Bank

First Hawaiian Bank cut its holdings in Chubb Limited (NYSE:CB) by 1.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,532 shares of the financial services provider’s stock after selling 104 shares during the period. First Hawaiian Bank’s holdings in Chubb were worth $2,431,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Advisory Alpha LLC acquired a new position in Chubb in the fourth quarter valued at $290,000. Breakwater Capital Group purchased a new position in shares of Chubb during the 4th quarter worth approximately $241,000. Asset Management One Co. Ltd. boosted its position in Chubb by 2.8% during the fourth quarter. Asset Management One Co. Ltd. now owns 188,998 shares of the financial services provider’s stock worth $42,417,000 after acquiring an additional 5,210 shares during the last quarter. Nilsine Partners LLC grew its stake in shares of Chubb by 9.7% during the 4th quarter. Nilsine Partners LLC now owns 5,977 shares of the financial services provider’s stock valued at $1,351,000 after buying an additional 529 shares during the period. Finally, Boit C F David boosted its position in Chubb by 8.2% during the 4th quarter. Boit C F David now owns 15,365 shares of the financial services provider’s stock worth $3,479,000 after purchasing an additional 1,167 shares during the period. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on CB shares. JPMorgan Chase & Co. boosted their price objective on shares of Chubb from $266.00 to $286.00 and gave the stock a “neutral” rating in a report on Thursday, July 11th. StockNews.com lowered shares of Chubb from a “buy” rating to a “hold” rating in a research note on Wednesday, April 24th. JMP Securities upped their price target on shares of Chubb from $280.00 to $300.00 and gave the company a “market outperform” rating in a research report on Wednesday, July 24th. Morgan Stanley dropped their price target on shares of Chubb from $260.00 to $259.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 10th. Finally, Royal Bank of Canada raised their target price on shares of Chubb from $285.00 to $295.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $270.79.

Chubb Price Performance

Shares of CB stock traded down $2.00 during trading on Monday, hitting $269.32. The company had a trading volume of 4,310,110 shares, compared to its average volume of 1,658,956. The company has a quick ratio of 0.29, a current ratio of 0.31 and a debt-to-equity ratio of 0.20. The stock’s 50-day moving average is $262.88 and its two-hundred day moving average is $255.42. The stock has a market capitalization of $108.79 billion, a price-to-earnings ratio of 11.70, a price-to-earnings-growth ratio of 5.21 and a beta of 0.66. Chubb Limited has a 52 week low of $198.10 and a 52 week high of $277.91.

Chubb (NYSE:CB) last issued its earnings results on Tuesday, July 23rd. The financial services provider reported $5.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.04 by $0.34. The business had revenue of $13.36 billion during the quarter, compared to analyst estimates of $13.04 billion. Chubb had a return on equity of 15.77% and a net margin of 18.14%. Chubb’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.92 earnings per share. As a group, analysts predict that Chubb Limited will post 21.15 EPS for the current fiscal year.

Chubb Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 5th. Stockholders of record on Friday, June 14th were given a dividend of $0.91 per share. The ex-dividend date was Friday, June 14th. This represents a $3.64 annualized dividend and a dividend yield of 1.35%. This is a positive change from Chubb’s previous quarterly dividend of $0.86. Chubb’s dividend payout ratio is presently 16.16%.

Insiders Place Their Bets

In other news, EVP Peter C. Enns sold 8,200 shares of the business’s stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $266.06, for a total transaction of $2,181,692.00. Following the sale, the executive vice president now directly owns 45,853 shares of the company’s stock, valued at $12,199,649.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, EVP Peter C. Enns sold 8,200 shares of the firm’s stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $266.06, for a total transaction of $2,181,692.00. Following the completion of the sale, the executive vice president now owns 45,853 shares in the company, valued at approximately $12,199,649.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Annmarie T. Hagan sold 1,529 shares of the 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 directly owns 7,718 shares in the company, valued at approximately $2,036,085.58. The disclosure for this sale can be found here. Insiders sold 47,552 shares of company stock worth $12,149,985 in the last three months. 0.86% of the stock is owned by company insiders.

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.