Chubb Limited $CB Shares Bought by Farmers Trust Co.

Farmers Trust Co. grew its holdings in Chubb Limited (NYSE:CB) by 8.7% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 25,779 shares of the financial services provider’s stock after buying an additional 2,055 shares during the period. Chubb accounts for approximately 1.3% of Farmers Trust Co.’s portfolio, making the stock its 20th largest position. Farmers Trust Co.’s holdings in Chubb were worth $7,276,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. 1248 Management LLC purchased a new stake in Chubb during the 1st quarter valued at approximately $31,000. VSM Wealth Advisory LLC acquired a new position in shares of Chubb in the second quarter valued at approximately $32,000. WPG Advisers LLC purchased a new stake in shares of Chubb during the first quarter worth approximately $33,000. Maseco LLP purchased a new stake in shares of Chubb during the second quarter worth approximately $35,000. Finally, Access Investment Management LLC acquired a new stake in shares of Chubb during the second quarter worth $41,000. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. JMP Securities reissued a “market outperform” rating and issued a $325.00 price objective on shares of Chubb in a research note on Wednesday, October 22nd. The Goldman Sachs Group reiterated a “neutral” rating and set a $309.00 price target on shares of Chubb in a research note on Monday, October 27th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Chubb from $303.00 to $304.00 and gave the company a “hold” rating in a research report on Monday, November 24th. Jefferies Financial Group boosted their target price on Chubb from $297.00 to $302.00 and gave the stock a “hold” rating in a research report on Thursday, October 23rd. Finally, HSBC raised their price target on Chubb from $302.00 to $304.00 in a report on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Chubb presently has an average rating of “Hold” and an average target price of $309.79.

Chubb Price Performance

Shares of NYSE:CB opened at $308.45 on Monday. The firm has a market capitalization of $121.39 billion, a price-to-earnings ratio of 12.87, a price-to-earnings-growth ratio of 3.52 and a beta of 0.51. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.27 and a quick ratio of 0.27. The business’s 50 day simple moving average is $288.27 and its 200-day simple moving average is $282.14. Chubb Limited has a 12 month low of $252.16 and a 12 month high of $308.98.

Chubb (NYSE:CB) last issued its quarterly earnings data on Tuesday, October 21st. The financial services provider reported $7.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.51 by $1.98. The firm had revenue of $16.15 billion during the quarter, compared to analysts’ expectations of $12.95 billion. Chubb had a return on equity of 12.93% and a net margin of 16.53%.Chubb’s revenue was up 7.5% on a year-over-year basis. During the same period in the previous year, the firm posted $5.72 earnings per share. As a group, equities analysts forecast that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 2nd. Investors of record on Friday, December 12th will be given a $0.97 dividend. The ex-dividend date is Friday, December 12th. This represents a $3.88 annualized dividend and a dividend yield of 1.3%. Chubb’s payout ratio is currently 16.19%.

Insider Buying and Selling at Chubb

In other news, EVP Joseph F. Wayland sold 5,830 shares of the stock in a transaction that occurred on Thursday, November 13th. The shares were sold at an average price of $297.08, for a total value of $1,731,976.40. Following the sale, the executive vice president directly owned 60,593 shares in the company, valued at $18,000,968.44. This represents a 8.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Timothy Alan Boroughs sold 10,580 shares of the firm’s stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $296.17, for a total transaction of $3,133,478.60. Following the transaction, the executive vice president directly owned 12,660 shares of the company’s stock, valued at approximately $3,749,512.20. This trade represents a 45.52% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 57,333 shares of company stock worth $16,629,873. 0.86% of the stock is owned by corporate insiders.

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.