Chubb Limited (NYSE:CB) Stock Holdings Trimmed by Canandaigua National Corp

Canandaigua National Corp lessened its position in Chubb Limited (NYSE:CBGet Rating) by 16.5% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 9,758 shares of the financial services provider’s stock after selling 1,930 shares during the period. Canandaigua National Corp’s holdings in Chubb were worth $1,918,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Howe & Rusling Inc. grew its holdings in shares of Chubb by 207.0% in the 1st quarter. Howe & Rusling Inc. now owns 132 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 89 shares during the last quarter. Advanced Research Investment Solutions LLC acquired a new stake in shares of Chubb in the first quarter worth about $29,000. FinTrust Capital Advisors LLC acquired a new position in shares of Chubb during the 1st quarter worth about $33,000. Rosenberg Matthew Hamilton increased its stake in Chubb by 49.1% during the first quarter. Rosenberg Matthew Hamilton now owns 167 shares of the financial services provider’s stock valued at $36,000 after acquiring an additional 55 shares during the period. Finally, Tcwp LLC bought a new position in Chubb during the first quarter valued at about $39,000. Institutional investors own 87.97% of the company’s stock.

Insider Activity

In related news, CEO Evan G. Greenberg sold 25,792 shares of Chubb stock in a transaction that occurred on Friday, September 9th. The shares were sold at an average price of $193.86, for a total value of $5,000,037.12. Following the transaction, the chief executive officer now directly owns 594,671 shares of the company’s stock, valued at $115,282,920.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.39% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on CB. Wells Fargo & Company increased their price target on Chubb from $248.00 to $250.00 and gave the stock an “overweight” rating in a research report on Thursday, July 28th. Jefferies Financial Group dropped their price objective on Chubb from $247.00 to $244.00 and set a “buy” rating on the stock in a research note on Tuesday, July 12th. Citigroup initiated coverage on Chubb in a report on Monday, May 23rd. They set a “neutral” rating and a $209.00 target price for the company. Finally, Morgan Stanley lowered their target price on Chubb from $224.00 to $216.00 and set an “equal weight” rating for the company in a report on Monday, May 23rd. Three analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Chubb has an average rating of “Moderate Buy” and an average target price of $230.83.

Chubb Trading Down 1.5 %

Shares of NYSE:CB opened at $189.25 on Monday. Chubb Limited has a 52-week low of $171.96 and a 52-week high of $218.99. The company has a market capitalization of $79.04 billion, a P/E ratio of 11.41, a price-to-earnings-growth ratio of 1.20 and a beta of 0.67. The company has a 50-day simple moving average of $190.98 and a 200 day simple moving average of $200.71. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.36 and a current ratio of 0.36.

Chubb (NYSE:CBGet Rating) last issued its earnings results on Tuesday, July 26th. The financial services provider reported $4.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.59 by $0.61. Chubb had a net margin of 17.36% and a return on equity of 10.97%. The business had revenue of $10.51 billion during the quarter, compared to the consensus estimate of $10.52 billion. During the same period last year, the business posted $3.62 EPS. Sell-side analysts forecast that Chubb Limited will post 15.75 earnings per share for the current year.

Chubb Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 7th. Stockholders of record on Friday, September 16th will be given a $0.83 dividend. The ex-dividend date is Thursday, September 15th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 1.75%. Chubb’s payout ratio is 20.02%.

Chubb Profile

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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, cyber risk, surety, and excess casualty; and group accident and health insurance to large, middle market, and small commercial businesses.

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Institutional Ownership by Quarter for Chubb (NYSE:CB)

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