Chubb Limited $CB Holdings Trimmed by First Bank & Trust

First Bank & Trust reduced its position in shares of Chubb Limited (NYSE:CB) by 35.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,146 shares of the financial services provider’s stock after selling 1,695 shares during the quarter. First Bank & Trust’s holdings in Chubb were worth $982,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Harbor Capital Advisors Inc. boosted its position in shares of Chubb by 93.6% in the third quarter. Harbor Capital Advisors Inc. now owns 91 shares of the financial services provider’s stock worth $26,000 after buying an additional 44 shares during the period. Cedar Mountain Advisors LLC raised its position in Chubb by 155.6% during the third quarter. Cedar Mountain Advisors LLC now owns 92 shares of the financial services provider’s stock valued at $26,000 after buying an additional 56 shares during the period. KERR FINANCIAL PLANNING Corp purchased a new stake in Chubb in the 3rd quarter worth about $31,000. Cornerstone Planning Group LLC lifted 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 worth $33,000 after acquiring an additional 53 shares in the last quarter. Finally, Heartwood Wealth Advisors LLC acquired a new stake in Chubb during the 3rd quarter worth about $34,000. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Analyst Ratings Changes

CB has been the topic of several research analyst reports. Citigroup lifted their target price on Chubb from $335.00 to $385.00 and gave the company a “buy” rating in a research note on Monday, February 9th. The Goldman Sachs Group restated a “buy” rating and set a $366.00 price target on shares of Chubb in a report on Thursday, February 5th. Wells Fargo & Company boosted their price objective on shares of Chubb from $305.00 to $322.00 and gave the company an “equal weight” rating in a research report on Thursday, February 5th. Raymond James Financial upped their price objective on shares of Chubb from $340.00 to $380.00 and gave the company a “strong-buy” rating in a research note on Monday, February 9th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of Chubb from $304.00 to $330.00 and gave the stock a “hold” rating in a research report on Monday. One research 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 issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $342.05.

Insider Transactions at Chubb

In related news, EVP Timothy Alan Boroughs sold 27,817 shares of the company’s stock in a transaction on Friday, February 6th. The shares were sold at an average price of $331.98, for a total value of $9,234,687.66. Following the completion of the sale, the executive vice president directly owned 11,810 shares in the company, valued at approximately $3,920,683.80. This represents a 70.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Olivier Steimer sold 2,000 shares of the company’s stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $329.30, for a total transaction of $658,600.00. Following the completion of the sale, the director owned 25,468 shares of the company’s stock, valued at $8,386,612.40. This represents a 7.28% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 44,877 shares of company stock worth $14,885,226 in the last 90 days. 0.77% of the stock is owned by insiders.

Chubb Stock Down 0.8%

CB opened at $323.10 on Thursday. The company has a market capitalization of $126.08 billion, a PE ratio of 12.56, a price-to-earnings-growth ratio of 1.73 and a beta of 0.46. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.27 and a quick ratio of 0.27. Chubb Limited has a fifty-two week low of $264.10 and a fifty-two week high of $345.67. The business has a 50-day moving average of $322.59 and a 200-day moving average of $302.39.

Chubb (NYSE:CB) last announced its quarterly earnings results on Tuesday, February 3rd. The financial services provider reported $7.52 EPS for the quarter, beating the consensus estimate of $6.33 by $1.19. Chubb had a return on equity of 13.15% and a net margin of 17.36%.The business had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $11.11 billion. During the same quarter in the previous year, the business posted $6.02 EPS. The firm’s quarterly revenue was up 8.9% compared to the same quarter last year. Equities research analysts forecast that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 6th. Shareholders of record on Friday, March 13th will be given a $0.97 dividend. This represents a $3.88 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Friday, March 13th. Chubb’s payout ratio is currently 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.