Whittier Trust Co. of Nevada Inc. Has $3.18 Million Stock Position in Chubb Limited (NYSE:CB)

Whittier Trust Co. of Nevada Inc. raised its position in Chubb Limited (NYSE:CB) by 13.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,510 shares of the financial services provider’s stock after acquiring an additional 1,328 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in Chubb were worth $3,180,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Continuum Advisory LLC grew its stake in shares of Chubb by 56.5% in the 3rd quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 35 shares during the period. Gordian Capital Singapore Pte Ltd bought a new stake in shares of Chubb in the 3rd quarter valued at approximately $29,000. Raelipskie Partnership bought a new stake in shares of Chubb in the 3rd quarter valued at approximately $29,000. Sierra Ocean LLC bought a new stake in shares of Chubb in the 4th quarter valued at approximately $29,000. Finally, Truvestments Capital LLC bought a new stake in shares of Chubb in the 3rd quarter valued at approximately $30,000. 83.81% of the stock is currently owned by institutional investors.

Insider Activity

In other news, EVP Joseph F. Wayland sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $286.96, for a total transaction of $2,869,600.00. Following the completion of the sale, the executive vice president now owns 77,703 shares in the company, valued at $22,297,652.88. The trade was a 11.40 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO George F. Ohsiek sold 763 shares of the business’s stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $290.41, for a total value of $221,582.83. Following the sale, the chief accounting officer now owns 20,044 shares of the company’s stock, valued at approximately $5,820,978.04. This represents a 3.67 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 63,470 shares of company stock worth $18,562,730 in the last quarter. Corporate insiders own 0.86% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. HSBC upgraded Chubb from a “hold” rating to a “buy” rating and set a $323.00 price target on the stock in a research report on Wednesday, March 5th. JPMorgan Chase & Co. increased their price objective on Chubb from $296.00 to $300.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Royal Bank of Canada reissued an “outperform” rating and issued a $320.00 price target on shares of Chubb in a research note on Thursday, January 30th. Barclays cut their price target on Chubb from $349.00 to $324.00 and set an “overweight” rating on the stock in a research note on Monday, January 6th. Finally, Hsbc Global Res raised Chubb from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 5th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Chubb has a consensus rating of “Hold” and a consensus target price of $301.00.

Chubb Stock Performance

CB opened at $291.08 on Friday. The business’s 50-day moving average price is $276.57 and its two-hundred day moving average price is $281.30. Chubb Limited has a 1 year low of $238.85 and a 1 year high of $302.05. The company has a market capitalization of $116.55 billion, a price-to-earnings ratio of 12.81, a P/E/G ratio of 3.36 and a beta of 0.66. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.25 and a quick ratio of 0.28.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.33 by $0.69. Chubb had a return on equity of 13.75% and a net margin of 16.63%. Equities analysts expect that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 14th will be issued a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 1.25%. The ex-dividend date is Friday, March 14th. Chubb’s payout ratio is 16.02%.

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.