Legacy Private Trust Co. Boosts Holdings in Chubb Limited $CB

Legacy Private Trust Co. increased its position in Chubb Limited (NYSE:CB) by 45.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,111 shares of the financial services provider’s stock after purchasing an additional 1,902 shares during the quarter. Legacy Private Trust Co.’s holdings in Chubb were worth $1,725,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. Czech National Bank boosted its position in Chubb by 3.4% in the 3rd quarter. Czech National Bank now owns 94,171 shares of the financial services provider’s stock valued at $26,580,000 after buying an additional 3,076 shares during the last quarter. Balefire LLC increased its position in shares of Chubb by 1.6% during the third quarter. Balefire LLC now owns 3,576 shares of the financial services provider’s stock worth $1,009,000 after acquiring an additional 55 shares during the last quarter. Montecito Bank & Trust acquired a new position in shares of Chubb in the third quarter worth about $708,000. Lynch & Associates IN boosted its holdings in Chubb by 14.5% in the third quarter. Lynch & Associates IN now owns 792 shares of the financial services provider’s stock valued at $224,000 after purchasing an additional 100 shares during the last quarter. Finally, StrongBox Wealth LLC grew its stake in Chubb by 28.6% during the 3rd quarter. StrongBox Wealth LLC now owns 1,598 shares of the financial services provider’s stock valued at $451,000 after purchasing an additional 355 shares in the last quarter. 83.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CB has been the topic of a number of recent analyst reports. BMO Capital Markets reaffirmed a “market perform” rating and issued a $283.00 target price on shares of Chubb in a research report on Thursday, October 23rd. Barclays upped their price target on shares of Chubb from $298.00 to $310.00 and gave the company an “equal weight” rating in a report on Wednesday, October 8th. Bank of America raised their price objective on shares of Chubb from $276.00 to $279.00 and gave the stock an “underperform” rating in a report on Monday, October 13th. UBS Group boosted their target price on shares of Chubb from $292.00 to $298.00 and gave the stock a “neutral” rating in a research report on Monday, October 27th. Finally, Wells Fargo & Company increased their price target on shares of Chubb from $277.00 to $293.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $311.90.

Insider Activity at Chubb

In other news, EVP Timothy Alan Boroughs sold 10,580 shares of the business’s stock in a transaction on Monday, November 24th. The shares were sold at an average price of $296.17, for a total transaction of $3,133,478.60. Following the completion of the transaction, the executive vice president owned 12,660 shares of the company’s stock, valued at approximately $3,749,512.20. The trade was a 45.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider John J. Lupica sold 23,698 shares of the company’s stock in a transaction dated Monday, October 27th. The stock was sold at an average price of $281.00, for a total transaction of $6,659,138.00. Following the transaction, the insider owned 90,600 shares of the company’s stock, valued at $25,458,600. This represents a 20.73% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 57,333 shares of company stock worth $16,629,873 in the last 90 days. 0.77% of the stock is currently owned by company insiders.

Chubb Trading Up 0.6%

NYSE CB opened at $312.84 on Thursday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.27 and a current ratio of 0.27. Chubb Limited has a one year low of $252.16 and a one year high of $313.46. The company has a 50-day simple moving average of $289.74 and a 200-day simple moving average of $282.58. The firm has a market capitalization of $123.12 billion, a PE ratio of 13.06, a price-to-earnings-growth ratio of 3.55 and a beta of 0.51.

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

Chubb Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 2nd. Investors of record on Friday, December 12th will be issued a $0.97 dividend. The ex-dividend date of this dividend is Friday, December 12th. This represents a $3.88 annualized dividend and a dividend yield of 1.2%. Chubb’s dividend payout ratio (DPR) is 16.19%.

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.