Chubb Limited (NYSE:CB) Shares Acquired by Trust Co. of Toledo NA OH

Trust Co. of Toledo NA OH lifted its holdings in shares of Chubb Limited (NYSE:CB) by 6.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,276 shares of the financial services provider’s stock after buying an additional 141 shares during the quarter. Trust Co. of Toledo NA OH’s holdings in Chubb were worth $581,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Bank & Trust Co acquired a new position in Chubb in the 2nd quarter valued at $35,000. Boston Common Asset Management LLC raised its stake in Chubb by 316.7% in the 2nd quarter. Boston Common Asset Management LLC now owns 83,736 shares of the financial services provider’s stock valued at $21,359,000 after purchasing an additional 63,643 shares during the last quarter. Versant Capital Management Inc raised its stake in Chubb by 160.2% in the 2nd quarter. Versant Capital Management Inc now owns 229 shares of the financial services provider’s stock valued at $58,000 after purchasing an additional 141 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Chubb in the 2nd quarter valued at $1,504,000. Finally, Beese Fulmer Investment Management Inc. raised its stake in Chubb by 1.8% in the 2nd quarter. Beese Fulmer Investment Management Inc. now owns 57,013 shares of the financial services provider’s stock valued at $14,543,000 after purchasing an additional 1,030 shares during the last quarter. 83.81% of the stock is owned by institutional investors and hedge funds.

Chubb Trading Down 1.5 %

Chubb stock traded down $4.14 during midday trading on Tuesday, reaching $265.18. 2,104,322 shares of the stock traded hands, compared to its average volume of 1,661,917. The company has a 50-day simple moving average of $262.97 and a two-hundred day simple moving average of $255.70. Chubb Limited has a 12-month low of $198.10 and a 12-month high of $277.91. The firm has a market cap of $107.68 billion, a PE ratio of 11.77, a price-to-earnings-growth ratio of 5.21 and a beta of 0.66. The company has a current ratio of 0.31, a quick ratio of 0.29 and a debt-to-equity ratio of 0.20.

Chubb (NYSE:CB) last announced its earnings results on Tuesday, July 23rd. The financial services provider reported $5.38 EPS for the quarter, beating analysts’ consensus estimates of $5.04 by $0.34. Chubb had a return on equity of 15.77% and a net margin of 18.14%. The company had revenue of $13.36 billion during the quarter, compared to analysts’ expectations of $13.04 billion. During the same period last year, the business posted $4.92 EPS. Chubb’s revenue for the quarter was up 11.8% on a year-over-year basis. Research analysts expect that Chubb Limited will post 21.15 earnings per share for the current fiscal year.

Chubb Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 5th. Shareholders of record on Friday, June 14th were given a $0.91 dividend. The ex-dividend date was Friday, June 14th. This represents a $3.64 dividend on an annualized basis and a yield of 1.37%. This is a positive change from Chubb’s previous quarterly dividend of $0.86. Chubb’s dividend payout ratio (DPR) is currently 16.16%.

Insider Buying and Selling at Chubb

In other Chubb news, EVP Peter C. Enns sold 8,200 shares of the stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $266.06, for a total value of $2,181,692.00. Following the sale, the executive vice president now owns 45,853 shares of the company’s stock, valued at approximately $12,199,649.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Chubb news, EVP Peter C. Enns sold 8,200 shares of the stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $266.06, for a total value of $2,181,692.00. Following the sale, the executive vice president now owns 45,853 shares of the company’s stock, valued at approximately $12,199,649.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Juan Luis Ortega sold 2,400 shares of the firm’s stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $260.98, for a total value of $626,352.00. Following the sale, the executive vice president now directly owns 44,632 shares in the company, valued at approximately $11,648,059.36. The disclosure for this sale can be found here. Insiders have sold 47,552 shares of company stock valued at $12,149,985 in the last quarter. Corporate insiders own 0.86% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on CB. Morgan Stanley reduced their price objective on Chubb from $260.00 to $259.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 10th. JMP Securities upped their target price on Chubb from $280.00 to $300.00 and gave the company a “market outperform” rating in a report on Wednesday, July 24th. Royal Bank of Canada upped their target price on Chubb from $285.00 to $295.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. William Blair cut Chubb from a “market perform” rating to an “underperform” rating in a report on Friday, June 28th. Finally, Roth Mkm upped their target price on Chubb from $280.00 to $300.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $270.79.

Chubb Company 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.