First Financial Bank Trust Division Has $283,000 Holdings in Chubb Limited (NYSE:CB)

First Financial Bank Trust Division increased its holdings in shares of Chubb Limited (NYSE:CB) by 3.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,026 shares of the financial services provider’s stock after acquiring an additional 37 shares during the quarter. First Financial Bank Trust Division’s holdings in Chubb were worth $283,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of CB. Copley Financial Group Inc. bought a new position in Chubb during the 3rd quarter worth $471,000. Franklin Resources Inc. grew its holdings in shares of Chubb by 14.0% during the 3rd quarter. Franklin Resources Inc. now owns 321,985 shares of the financial services provider’s stock worth $92,960,000 after purchasing an additional 39,428 shares in the last quarter. Asset Advisors Investment Management LLC increased its position in shares of Chubb by 2.7% in the third quarter. Asset Advisors Investment Management LLC now owns 63,979 shares of the financial services provider’s stock worth $18,451,000 after purchasing an additional 1,665 shares during the period. Peapack Gladstone Financial Corp raised its stake in Chubb by 0.5% in the third quarter. Peapack Gladstone Financial Corp now owns 101,729 shares of the financial services provider’s stock valued at $29,338,000 after purchasing an additional 482 shares in the last quarter. Finally, Synovus Financial Corp raised its stake in Chubb by 1.0% in the third quarter. Synovus Financial Corp now owns 30,503 shares of the financial services provider’s stock valued at $8,797,000 after purchasing an additional 297 shares in the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. JPMorgan Chase & Co. boosted their target price on shares of Chubb from $291.00 to $294.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Keefe, Bruyette & Woods boosted their price objective on shares of Chubb from $305.00 to $320.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Jefferies Financial Group raised their target price on Chubb from $294.00 to $295.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Barclays began coverage on Chubb in a report on Wednesday, September 4th. They set an “overweight” rating and a $349.00 price target for the company. Finally, JMP Securities upped their price objective on Chubb from $300.00 to $325.00 and gave the stock a “market outperform” rating in a research report on Wednesday, October 30th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $287.37.

Chubb Trading Down 1.4 %

NYSE CB traded down $3.78 on Thursday, hitting $272.52. The company’s stock had a trading volume of 944,860 shares, compared to its average volume of 1,597,151. The company’s 50-day moving average is $281.62 and its 200 day moving average is $277.80. The firm has a market cap of $109.85 billion, a PE ratio of 11.16, a PEG ratio of 6.43 and a beta of 0.67. Chubb Limited has a 1-year low of $222.85 and a 1-year high of $302.05. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.21.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share for the quarter, beating analysts’ consensus estimates of $4.98 by $0.74. Chubb had a return on equity of 15.46% and a net margin of 18.32%. The business had revenue of $13.83 billion during the quarter, compared to the consensus estimate of $14.16 billion. During the same period in the prior year, the business posted $4.95 earnings per share. Chubb’s quarterly revenue was up 5.5% on a year-over-year basis. As a group, analysts predict that Chubb Limited will post 21.82 earnings per share for the current fiscal year.

Chubb Announces Dividend

The company also recently announced 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 1.34%. The ex-dividend date is Friday, December 13th. Chubb’s dividend payout ratio is presently 14.91%.

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.