Chubb Limited $CB Shares Bought by Whittier Trust Co.

Whittier Trust Co. grew its holdings in shares of Chubb Limited (NYSE:CB) by 0.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,193 shares of the financial services provider’s stock after purchasing an additional 109 shares during the quarter. Whittier Trust Co.’s holdings in Chubb were worth $4,691,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. GQG Partners LLC boosted its stake in Chubb by 112.1% during the 1st quarter. GQG Partners LLC now owns 9,394,018 shares of the financial services provider’s stock worth $2,836,899,000 after purchasing an additional 4,964,298 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in Chubb by 6.9% during the 1st quarter. Ameriprise Financial Inc. now owns 4,696,682 shares of the financial services provider’s stock worth $1,418,398,000 after purchasing an additional 304,751 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Chubb by 1.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,784,053 shares of the financial services provider’s stock worth $840,756,000 after purchasing an additional 30,334 shares during the last quarter. Nuveen LLC acquired a new stake in Chubb during the 1st quarter worth $562,221,000. Finally, AQR Capital Management LLC boosted its position in shares of Chubb by 19.6% during the 1st quarter. AQR Capital Management LLC now owns 1,410,449 shares of the financial services provider’s stock valued at $423,826,000 after acquiring an additional 231,404 shares during the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Chubb Stock Up 0.4%

Shares of CB opened at $269.37 on Wednesday. The firm has a market cap of $107.40 billion, a P/E ratio of 11.88, a price-to-earnings-growth ratio of 3.02 and a beta of 0.54. Chubb Limited has a 12-month low of $252.16 and a 12-month high of $306.91. The company’s 50-day moving average price is $277.33 and its 200 day moving average price is $280.77. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.18.

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, beating the consensus estimate of $5.51 by $1.98. The firm had revenue of $14.87 billion for the quarter, compared to analyst estimates of $12.95 billion. Chubb had a net margin of 16.08% and a return on equity of 12.34%. Chubb’s revenue was up 7.5% on a year-over-year basis. During the same period in the previous year, the firm earned $5.72 EPS. On average, sell-side analysts forecast that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 3rd. Investors of record on Friday, September 12th were issued a $0.97 dividend. This represents a $3.88 annualized dividend and a yield of 1.4%. The ex-dividend date was Friday, September 12th. Chubb’s payout ratio is 17.12%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on CB shares. Wells Fargo & Company boosted their price target on shares of Chubb from $267.00 to $277.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 8th. Weiss Ratings reissued a “buy (b)” rating on shares of Chubb in a research report on Wednesday, October 8th. JPMorgan Chase & Co. boosted their price target on shares of Chubb from $321.00 to $327.00 and gave the company a “neutral” rating in a research report on Thursday, October 9th. Jefferies Financial Group boosted their price target on shares of Chubb from $295.00 to $297.00 and gave the company a “hold” rating in a research report on Tuesday, October 7th. Finally, Hsbc Global Res cut shares of Chubb from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 1st. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $305.28.

Insider Transactions at Chubb

In related news, Director Michael Corbat acquired 425 shares of Chubb stock in a transaction that occurred on Friday, July 25th. The shares were purchased at an average cost of $269.80 per share, for a total transaction of $114,665.00. Following the acquisition, the director owned 2,450 shares in the company, valued at approximately $661,010. This represents a 20.99% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.86% of the company’s stock.

Chubb 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.