CNB Bank Purchases 56 Shares of Chubb Limited $CB

CNB Bank lifted its position in Chubb Limited (NYSE:CB) by 1.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,778 shares of the financial services provider’s stock after buying an additional 56 shares during the quarter. CNB Bank’s holdings in Chubb were worth $1,095,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in CB. North Capital Inc. bought a new position in shares of Chubb in the first quarter valued at $26,000. IMA Advisory Services Inc. bought a new position in shares of Chubb in the first quarter valued at $31,000. 1248 Management LLC bought a new position in Chubb during the first quarter worth $31,000. WPG Advisers LLC bought a new position in Chubb during the first quarter worth $33,000. Finally, Maseco LLP bought a new position in Chubb during the second quarter worth $35,000. 83.81% of the stock is owned by institutional investors.

Chubb Stock Down 0.4%

Shares of NYSE CB opened at $281.86 on Friday. The company has a current ratio of 0.34, a quick ratio of 0.28 and a debt-to-equity ratio of 0.18. The company has a market cap of $112.38 billion, a price-to-earnings ratio of 11.76, a PEG ratio of 2.87 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 stock has a 50-day moving average price of $277.65 and a two-hundred day moving average price of $280.86.

Chubb (NYSE:CB) last issued its earnings results on Tuesday, October 21st. The financial services provider reported $7.49 EPS for the quarter, topping the consensus estimate of $5.51 by $1.98. The firm had revenue of $14.87 billion during the quarter, compared to the consensus estimate of $12.95 billion. Chubb had a return on equity of 12.93% and a net margin of 16.53%.The business’s quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $5.72 earnings per share. As a group, analysts forecast that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 3rd. Shareholders of record on Friday, September 12th were paid a dividend of $0.97 per share. The ex-dividend date of this dividend was Friday, September 12th. This represents a $3.88 annualized dividend and a yield of 1.4%. Chubb’s payout ratio is presently 16.19%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. HSBC cut shares of Chubb from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $317.00 to $300.00 in a research report on Friday, August 1st. UBS Group reduced their price objective on shares of Chubb from $304.00 to $292.00 and set a “neutral” rating for the company in a research report on Monday, July 28th. The Goldman Sachs Group boosted their target price on shares of Chubb from $299.00 to $303.00 and gave the company a “neutral” rating in a research report on Monday, October 6th. Evercore ISI boosted their target price on shares of Chubb from $312.00 to $315.00 and gave the company an “outperform” rating in a research report on Wednesday, October 1st. Finally, JPMorgan Chase & Co. boosted their target price 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. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Chubb presently has a consensus rating of “Hold” and a consensus target price of $306.16.

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.