NBT Bank N.A. Purchases New Position in Chubb Limited $CB

NBT Bank N.A. acquired a new position in Chubb Limited (NYSE:CB) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,333 shares of the financial services provider’s stock, valued at approximately $1,735,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. XXEC Inc. acquired a new stake in Chubb in the second quarter valued at approximately $228,226,000. Berkshire Hathaway Inc bought a new stake in Chubb in the second quarter worth approximately $11,670,067,000. BlackRock Inc. bought a new stake in Chubb in the second quarter worth approximately $9,913,336,000. GQG Partners LLC bought a new stake in Chubb in the second quarter worth approximately $4,250,113,000. Finally, Bank of America Corp DE increased its stake in shares of Chubb by 3.1% during the 1st quarter. Bank of America Corp DE now owns 4,908,624 shares of the financial services provider’s stock worth $1,599,868,000 after purchasing an additional 147,876 shares during the last quarter. Institutional investors own 83.81% of the company’s stock.

Chubb Price Performance

NYSE CB opened at $355.16 on Friday. Chubb Limited has a 1 year low of $273.35 and a 1 year high of $365.91. The company has a fifty day simple moving average of $341.68 and a 200 day simple moving average of $337.44. The company has a current ratio of 0.35, a quick ratio of 0.29 and a debt-to-equity ratio of 0.22. The company has a market cap of $137.02 billion, a P/E ratio of 12.43, a P/E/G ratio of 1.62 and a beta of 0.36.

Chubb (NYSE:CB) last announced its earnings results on Tuesday, October 20th. The financial services provider reported $7.66 EPS for the quarter, topping the consensus estimate of $6.77 by $0.89. The firm had revenue of $16.20 billion for the quarter, compared to the consensus estimate of $15.66 billion. Chubb had a net margin of 18.15% and a return on equity of 14.41%. During the same quarter last year, the firm posted $7.49 EPS. On average, sell-side analysts predict that Chubb Limited will post 27.83 EPS for the current year.

Chubb Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Friday, September 11th were issued a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Friday, September 11th. Chubb’s dividend payout ratio is 14.28%.

Trending Headlines about Chubb

Here are the key news stories impacting Chubb this week:

• Positive Sentiment: Chubb’s latest earnings call highlighted solid profits, strong underwriting performance and investment-float growth, supporting the view that the insurer’s core business remains healthy. Chubb Earnings Call Highlights
• Positive Sentiment: Goldman Sachs maintained its Buy rating, while Wells Fargo raised its price target to $366 and JPMorgan increased its target to $374, indicating some analysts still see additional upside. Wells Fargo Rating
• Positive Sentiment: One analysis argued that Chubb may remain inexpensive despite a roughly 105% run, with valuation supported by its earnings power and underwriting results. Chubb Valuation Analysis
• Neutral Sentiment: Wells Fargo kept an Equal Weight view, JPMorgan and Mizuho retained Neutral ratings, and Cantor Fitzgerald, Barclays and Deutsche Bank maintained Hold ratings. The broad analyst stance remains cautious rather than decisively bullish. Deutsche Bank Rating
• Negative Sentiment: Several revised targets remain close to the trading price: Mizuho’s $350 target implies downside, while the reported consensus target of $358.36 suggests limited near-term appreciation. This may be weighing on the stock after its strong advance. Chubb Consensus Price Target

Analyst Ratings Changes

CB has been the topic of a number of recent research reports. Citigroup restated a “buy” rating and set a $405.00 price target (up from $395.00) on shares of Chubb in a report on Wednesday. HSBC reaffirmed a “hold” rating and issued a $359.00 price objective on shares of Chubb in a research note on Wednesday, October 7th. Morgan Stanley decreased their price objective on shares of Chubb from $360.00 to $350.00 and set an “equal weight” rating for the company in a report on Tuesday, October 6th. Evercore reissued an “outperform” rating and set a $374.00 target price on shares of Chubb in a research report on Friday, July 10th. Finally, Piper Sandler increased their target price on shares of Chubb from $340.00 to $374.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 15th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Chubb currently has an average rating of “Hold” and an average price target of $361.09.

Insider Transactions at Chubb

In other news, EVP Joseph F. Wayland sold 8,502 shares of the firm’s stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $364.54, for a total value of $3,099,319.08. Following the sale, the executive vice president directly owned 33,749 shares of the company’s stock, valued at approximately $12,302,860.46. This trade represents a 20.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Michael Connors sold 5,500 shares of the firm’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $345.00, for a total value of $1,897,500.00. Following the completion of the sale, the director directly owned 12,803 shares in the company, valued at approximately $4,417,035. This represents a 30.05% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.37% of the stock is owned by corporate insiders.

About Chubb

Chubb Limited is a global insurance company that provides property and casualty, accident and health, life, and reinsurance products and services. Its offerings include commercial and personal property and casualty insurance, liability coverage, workers’ compensation, specialty insurance, travel insurance, and coverage for high-net-worth individuals.

The company serves businesses, individuals, and institutional customers through a network spanning North America, Latin America, Europe, Asia-Pacific, and other international markets.