CHICAGO TRUST Co NA Acquires 708 Shares of Chubb Limited $CB

CHICAGO TRUST Co NA increased its position in shares of Chubb Limited (NYSE:CB) by 4.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,949 shares of the financial services provider’s stock after purchasing an additional 708 shares during the period. CHICAGO TRUST Co NA’s holdings in Chubb were worth $4,621,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Farmers Trust Co. raised its position in shares of Chubb by 14.8% during the 2nd quarter. Farmers Trust Co. now owns 23,724 shares of the financial services provider’s stock valued at $6,873,000 after purchasing an additional 3,050 shares during the period. Gries Financial LLC raised its position in shares of Chubb by 4.8% during the 2nd quarter. Gries Financial LLC now owns 1,659 shares of the financial services provider’s stock valued at $481,000 after purchasing an additional 76 shares during the period. AdvisorNet Financial Inc raised its position in shares of Chubb by 26.9% during the 2nd quarter. AdvisorNet Financial Inc now owns 2,376 shares of the financial services provider’s stock valued at $688,000 after purchasing an additional 504 shares during the period. Salvus Wealth Management LLC bought a new stake in shares of Chubb during the 2nd quarter valued at $466,000. Finally, Foster Group Inc. raised its position in shares of Chubb by 13.6% during the 2nd quarter. Foster Group Inc. now owns 993 shares of the financial services provider’s stock valued at $288,000 after purchasing an additional 119 shares during the period. 83.81% of the stock is currently owned by institutional investors.

Insider Transactions at Chubb

In other news, Director Michael Corbat purchased 425 shares of the company’s stock in a transaction that occurred on Friday, July 25th. The stock was purchased at an average cost of $269.80 per share, with a total value of $114,665.00. Following the purchase, the director owned 2,450 shares in the company, valued at approximately $661,010. This trade represents a 20.99% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider John J. Lupica sold 5,513 shares of Chubb stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $290.06, for a total transaction of $1,599,100.78. Following the sale, the insider owned 91,180 shares of the company’s stock, valued at $26,447,670.80. The trade was a 5.70% decrease in their position. The disclosure for this sale can be found here. 0.86% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

CB has been the topic of several recent analyst reports. Piper Sandler restated a “neutral” rating and set a $283.00 price objective (down from $335.00) on shares of Chubb in a research report on Thursday, July 24th. Wells Fargo & Company cut their target price on shares of Chubb from $285.00 to $267.00 and set an “equal weight” rating for the company in a research note on Thursday, July 24th. Wolfe Research raised shares of Chubb to a “strong-buy” rating in a research note on Tuesday, September 16th. Cantor Fitzgerald raised shares of Chubb to a “hold” rating in a research note on Wednesday, August 13th. Finally, Citigroup began coverage on shares of Chubb in a research note on Wednesday, August 13th. They issued a “buy” rating and a $326.00 price objective for the company. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $303.06.

Chubb Price Performance

CB stock opened at $272.99 on Tuesday. Chubb Limited has a 12 month low of $252.16 and a 12 month high of $306.91. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.18. The company has a 50-day moving average price of $273.62 and a 200 day moving average price of $282.86. The stock has a market cap of $108.84 billion, a PE ratio of 12.04, a P/E/G ratio of 3.09 and a beta of 0.56.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $6.14 EPS for the quarter, topping analysts’ consensus estimates of $5.84 by $0.30. Chubb had a net margin of 16.08% and a return on equity of 12.34%. The firm had revenue of $14.20 billion during the quarter, compared to analysts’ expectations of $12.53 billion. During the same period in the previous year, the company earned $5.38 EPS. The firm’s revenue for the quarter was up 6.3% compared to the same quarter last year. Equities research analysts anticipate that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 3rd. Investors of record on Friday, September 12th will be paid a dividend of $0.97 per share. The ex-dividend date of this dividend is Friday, September 12th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.4%. Chubb’s payout ratio is currently 17.12%.

Chubb 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.