Country Club Bank Has $426,000 Stake in Chubb Limited (NYSE:CB)

Country Club Bank raised its position in Chubb Limited (NYSE:CB) by 28.4% during the third quarter, according to its most recent filing with the SEC. The firm owned 1,470 shares of the financial services provider’s stock after purchasing an additional 325 shares during the period. Country Club Bank’s holdings in Chubb were worth $426,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Beacon Capital Management LLC increased its stake in shares of Chubb by 76.4% in the 2nd quarter. Beacon Capital Management LLC now owns 97 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 42 shares in the last quarter. Pathway Financial Advisers LLC bought a new stake in shares of Chubb in the 1st quarter valued at $25,000. Kozak & Associates Inc. bought a new stake in shares of Chubb in the 3rd quarter valued at $29,000. Chilton Capital Management LLC bought a new stake in shares of Chubb in the 2nd quarter valued at $26,000. Finally, Wellington Shields Capital Management LLC bought a new stake in shares of Chubb in the 1st quarter valued at $29,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Chubb Price Performance

NYSE CB opened at $287.99 on Friday. The company has a market cap of $116.94 billion, a PE ratio of 12.78, a price-to-earnings-growth ratio of 5.87 and a beta of 0.66. Chubb Limited has a 52 week low of $207.46 and a 52 week high of $302.05. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.20. The firm’s 50-day simple moving average is $287.15 and its two-hundred day simple moving average is $269.47.

Chubb Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 4th. Shareholders of record on Friday, September 13th were issued a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 1.26%. The ex-dividend date was Friday, September 13th. Chubb’s dividend payout ratio (DPR) is presently 16.16%.

Analyst Ratings Changes

Several research firms have recently weighed in on CB. Barclays initiated coverage on shares of Chubb in a research note on Wednesday, September 4th. They issued an “overweight” rating and a $349.00 price objective for the company. Royal Bank of Canada boosted their price target 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. Keefe, Bruyette & Woods boosted their price target on shares of Chubb from $304.00 to $305.00 and gave the company an “outperform” rating in a research note on Monday, July 29th. JPMorgan Chase & Co. boosted their price target on shares of Chubb from $290.00 to $291.00 and gave the company a “neutral” rating in a research note on Thursday, October 10th. Finally, Bank of America upped their target price on shares of Chubb from $275.00 to $282.00 and gave the stock an “underperform” rating in a research note on Thursday, October 10th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $282.37.

Insider Buying and Selling at Chubb

In other news, CEO Evan G. Greenberg sold 30,537 shares of the stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $287.25, for a total value of $8,771,753.25. Following the sale, the chief executive officer now directly owns 583,982 shares of the company’s stock, valued at approximately $167,748,829.50. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CEO Evan G. Greenberg sold 30,537 shares of the stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $287.25, for a total value of $8,771,753.25. Following the sale, the chief executive officer now directly owns 583,982 shares of the company’s stock, valued at approximately $167,748,829.50. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Juan Luis Ortega sold 3,921 shares of the stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $273.06, for a total transaction of $1,070,668.26. Following the completion of the sale, the executive vice president now directly owns 44,632 shares in the company, valued at approximately $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. Insiders have sold a total of 86,636 shares of company stock valued at $24,874,208 over the last three months. 0.86% of the stock is currently owned by 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.