Country Trust Bank Purchases 23,810 Shares of Chubb Limited $CB

Country Trust Bank boosted its position in Chubb Limited (NYSE:CB) by 22.5% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 129,636 shares of the financial services provider’s stock after purchasing an additional 23,810 shares during the period. Country Trust Bank’s holdings in Chubb were worth $40,462,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in CB. Harbor Capital Advisors Inc. grew its position in Chubb by 93.6% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 91 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 44 shares in the last quarter. Cedar Mountain Advisors LLC grew its position in Chubb by 155.6% in the 3rd quarter. Cedar Mountain Advisors LLC now owns 92 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 56 shares in the last quarter. KERR FINANCIAL PLANNING Corp bought a new stake in Chubb in the 3rd quarter worth about $31,000. Cornerstone Planning Group LLC grew its stake in Chubb by 81.5% in the 3rd quarter. Cornerstone Planning Group LLC now owns 118 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 53 shares during the period. Finally, Heartwood Wealth Advisors LLC bought a new position in Chubb in the 3rd quarter valued at $34,000. 83.81% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on CB shares. Keefe, Bruyette & Woods upped their price objective on Chubb from $355.00 to $373.00 and gave the company an “outperform” rating in a research note on Friday, February 6th. Cantor Fitzgerald upped their price objective on Chubb from $300.00 to $309.00 and gave the company a “neutral” rating in a research note on Wednesday, January 14th. Bank of America reduced their price objective on Chubb from $279.00 to $259.00 and set an “underperform” rating for the company in a research note on Friday, January 16th. HSBC upped their price objective on Chubb from $354.00 to $357.00 and gave the company a “buy” rating in a research note on Thursday, February 5th. Finally, Citizens Jmp reissued a “market outperform” rating and set a $350.00 target price on shares of Chubb in a research report on Wednesday, February 4th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $342.14.

Insider Transactions at Chubb

In other news, CEO Evan G. Greenberg sold 15,060 shares of the stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $331.47, for a total transaction of $4,991,938.20. Following the completion of the transaction, the chief executive officer owned 511,576 shares in the company, valued at approximately $169,572,096.72. This represents a 2.86% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Timothy Alan Boroughs sold 27,817 shares of the firm’s stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $331.98, for a total transaction of $9,234,687.66. Following the completion of the transaction, the executive vice president directly owned 11,810 shares of the company’s stock, valued at approximately $3,920,683.80. This trade represents a 70.20% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 44,877 shares of company stock worth $14,885,226. 0.77% of the stock is owned by company insiders.

Chubb Stock Down 0.5%

Chubb stock opened at $326.65 on Tuesday. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $127.47 billion, a P/E ratio of 12.70, a P/E/G ratio of 1.75 and a beta of 0.49. Chubb Limited has a twelve month low of $264.10 and a twelve month high of $345.67. The firm has a 50 day moving average price of $326.55 and a 200-day moving average price of $305.36.

Chubb (NYSE:CB) last posted its quarterly earnings results on Tuesday, February 3rd. The financial services provider reported $7.52 earnings per share for the quarter, topping the consensus estimate of $6.33 by $1.19. The company had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $11.11 billion. Chubb had a return on equity of 13.15% and a net margin of 17.36%.The firm’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $6.02 EPS. As a group, equities analysts predict that Chubb Limited will post 21.52 EPS for the current year.

Chubb Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 6th. Stockholders of record on Friday, March 13th were paid a dividend of $0.97 per share. The ex-dividend date was Friday, March 13th. This represents a $3.88 annualized dividend and a dividend yield of 1.2%. Chubb’s dividend payout ratio is presently 15.08%.

Chubb Company Profile

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.