Country Trust Bank decreased its stake in Chubb Ltd (NYSE:CB) by 2.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 197,767 shares of the financial services provider’s stock after selling 4,536 shares during the quarter. Country Trust Bank’s holdings in Chubb were worth $28,900,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of CB. Atlantic Trust LLC bought a new position in shares of Chubb in the 2nd quarter worth $116,000. Horan Capital Advisors LLC. purchased a new position in Chubb during the 3rd quarter worth $133,000. Zions Bancorporation grew its stake in Chubb by 716.3% during the 3rd quarter. Zions Bancorporation now owns 1,151 shares of the financial services provider’s stock valued at $164,000 after purchasing an additional 1,010 shares during the last quarter. Highland Private Wealth Management purchased a new stake in Chubb during the 2nd quarter valued at about $197,000. Finally, Boltwood Capital Management purchased a new stake in Chubb during the 4th quarter valued at about $201,000. Institutional investors own 88.25% of the company’s stock.
Shares of Chubb Ltd (CB) opened at $153.25 on Friday. The stock has a market capitalization of $71,140.00, a price-to-earnings ratio of 18.71, a PEG ratio of 1.47 and a beta of 0.95. The company has a quick ratio of 0.30, a current ratio of 0.29 and a debt-to-equity ratio of 0.23. Chubb Ltd has a 52 week low of $128.00 and a 52 week high of $157.50.
Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, January 30th. The financial services provider reported $3.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.31 by $0.86. The business had revenue of $7.05 billion for the quarter, compared to analysts’ expectations of $6.64 billion. Chubb had a return on equity of 7.52% and a net margin of 11.87%. The company’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same period last year, the firm earned $2.72 earnings per share. analysts anticipate that Chubb Ltd will post 10.65 EPS for the current year.
Chubb declared that its board has initiated a share buyback program on Thursday, December 21st that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the financial services provider to buy shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.
The firm also recently declared a quarterly dividend, which was paid on Friday, January 19th. Shareholders of record on Friday, December 29th were paid a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date was Thursday, December 28th. Chubb’s dividend payout ratio is presently 34.68%.
In other news, insider Timothy Alan Boroughs sold 18,611 shares of Chubb stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $151.22, for a total transaction of $2,814,355.42. Following the sale, the insider now owns 201,165 shares in the company, valued at $30,420,171.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Paul Bennett Medini sold 5,180 shares of Chubb stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $150.48, for a total value of $779,486.40. Following the sale, the insider now owns 91,775 shares in the company, valued at approximately $13,810,302. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 148,282 shares of company stock worth $21,882,535. 0.43% of the stock is owned by insiders.
Several analysts have weighed in on CB shares. Zacks Investment Research downgraded Chubb from a “buy” rating to a “sell” rating in a research note on Friday, January 5th. Wells Fargo & Co set a $169.00 target price on Chubb and gave the stock a “buy” rating in a research note on Wednesday, November 29th. Goldman Sachs Group started coverage on Chubb in a report on Monday, December 4th. They issued a “buy” rating and a $167.00 price target for the company. Credit Suisse Group reaffirmed a “neutral” rating and issued a $156.00 price target on shares of Chubb in a report on Tuesday, December 19th. Finally, UBS Group increased their price target on Chubb from $160.00 to $169.00 and gave the company a “buy” rating in a report on Wednesday, November 1st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and ten have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $163.92.
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Chubb Limited is a holding company. The Company, through its subsidiaries, provides a range of insurance and reinsurance products and services to clients around the world. Its segments include North America Commercial property and casualty (P&C) Insurance, North America Personal P&C Insurance, North America Agricultural Insurance, Overseas General Insurance, Global Reinsurance and Life Insurance.
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