Glenview Trust Co Reduces Position in Chubb Limited $CB

Glenview Trust Co lessened its stake in shares of Chubb Limited (NYSE:CB) by 19.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 35,034 shares of the financial services provider’s stock after selling 8,645 shares during the quarter. Glenview Trust Co’s holdings in Chubb were worth $10,935,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. KERR FINANCIAL PLANNING Corp purchased a new stake in Chubb in the third quarter worth $31,000. Laurel Wealth Advisors LLC purchased a new stake in Chubb in the fourth quarter worth $31,000. Ares Financial Consulting LLC purchased a new stake in Chubb in the fourth quarter worth $32,000. Cornerstone Planning Group LLC lifted its stake in Chubb by 81.5% in the third quarter. Cornerstone Planning Group LLC now owns 118 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 53 shares during the period. Finally, GoalVest Advisory LLC purchased a new stake in Chubb in the fourth quarter worth $40,000. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Insider Transactions at Chubb

In other Chubb news, Director Olivier Steimer sold 2,000 shares of the stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $329.30, for a total value of $658,600.00. Following the completion of the transaction, the director owned 25,468 shares in the company, valued at approximately $8,386,612.40. This represents a 7.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.37% of the company’s stock.

Chubb Price Performance

CB opened at $328.03 on Monday. The stock has a fifty day simple moving average of $326.50 and a two-hundred day simple moving average of $316.08. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.20. The company has a market cap of $127.23 billion, a price-to-earnings ratio of 11.58, a price-to-earnings-growth ratio of 1.68 and a beta of 0.43. Chubb Limited has a 12-month low of $264.10 and a 12-month high of $345.67.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, March 31st. The financial services provider reported $6.82 earnings per share (EPS) for the quarter. The business had revenue of $14.93 billion during the quarter. Chubb had a return on equity of 14.30% and a net margin of 18.58%. Research analysts predict that Chubb Limited will post 26.78 earnings per share for the current fiscal year.

Chubb Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 6th. Shareholders of record on Friday, March 13th were issued a $0.97 dividend. The ex-dividend date was Friday, March 13th. This represents a $3.88 dividend on an annualized basis and a yield of 1.2%. Chubb’s dividend payout ratio is 13.70%.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. HSBC raised their price target on Chubb from $362.00 to $370.00 and gave the stock a “buy” rating in a research note on Thursday, April 23rd. The Goldman Sachs Group raised their price target on Chubb from $368.00 to $372.00 and gave the stock a “buy” rating in a research note on Tuesday, April 7th. Citizens Jmp raised their price target on Chubb from $350.00 to $365.00 and gave the stock a “market outperform” rating in a research note on Wednesday, April 22nd. Weiss Ratings raised Chubb from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Monday, April 27th. Finally, Keefe, Bruyette & Woods raised their price target on Chubb from $373.00 to $374.00 and gave the stock an “outperform” rating in a research note on Thursday, April 23rd. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Chubb has an average rating of “Moderate Buy” and an average target price of $349.33.

About Chubb

Chubb is a global property and casualty insurance company that underwrites a broad range of commercial and personal insurance products and related services. Its offerings include commercial property and casualty coverage, specialty liability, professional and management liability, cyber and technology insurance, marine and energy, surety, accident and health solutions, and high-net-worth personal lines such as homeowners, auto and valuables protection. Chubb serves businesses, individuals and institutions with tailored underwriting and risk-transfer solutions across multiple industry sectors.

In addition to core underwriting, Chubb provides risk engineering, loss control, claims management and risk consulting services intended to reduce loss severity and help clients manage exposures.