Chubb Limited (NYSE:CB) Shares Sold by Somerset Trust Co

Somerset Trust Co decreased its holdings in Chubb Limited (NYSE:CB) by 1.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,095 shares of the financial services provider’s stock after selling 149 shares during the quarter. Chubb comprises 1.5% of Somerset Trust Co’s investment portfolio, making the stock its 25th largest holding. Somerset Trust Co’s holdings in Chubb were worth $4,065,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Pathway Financial Advisers LLC acquired a new position in shares of Chubb in the first quarter valued at approximately $25,000. Beacon Capital Management LLC increased its stake in Chubb by 76.4% in the 2nd quarter. Beacon Capital Management LLC now owns 97 shares of the financial services provider’s stock valued at $25,000 after buying an additional 42 shares during the period. Chilton Capital Management LLC purchased a new position in Chubb during the 2nd quarter worth $26,000. Strategic Financial Concepts LLC purchased a new position in Chubb during the 2nd quarter worth $28,000. Finally, Ables Iannone Moore & Associates Inc. acquired a new stake in shares of Chubb in the 4th quarter worth $29,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Jefferies Financial Group increased their price target on shares of Chubb from $294.00 to $295.00 and gave the stock a “hold” rating in a report on Wednesday. Royal Bank of Canada increased their price target on shares of Chubb from $285.00 to $295.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. Bank of America cut shares of Chubb from a “neutral” rating to an “underperform” rating and lifted their target price for the stock from $264.00 to $275.00 in a research note on Friday, October 4th. Morgan Stanley dropped their price objective on Chubb from $260.00 to $259.00 and set an “equal weight” rating for the company in a report on Wednesday, July 10th. Finally, William Blair downgraded Chubb from a “market perform” rating to an “underperform” rating in a report on Friday, June 28th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Chubb presently has a consensus rating of “Hold” and an average price target of $281.00.

Insider Activity at Chubb

In related news, EVP Juan Luis Ortega sold 3,921 shares of the firm’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $273.06, for a total transaction of $1,070,668.26. Following the transaction, the executive vice president now owns 44,632 shares in the company, valued at $12,187,213.92. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP Juan Luis Ortega sold 3,921 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $273.06, for a total transaction of $1,070,668.26. Following the completion of the transaction, the executive vice president now owns 44,632 shares of the company’s stock, valued at $12,187,213.92. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Evan G. Greenberg sold 30,318 shares of the business’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $289.60, for a total transaction of $8,780,092.80. Following the completion of the sale, the chief executive officer now owns 553,664 shares in the company, valued at approximately $160,341,094.40. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 86,636 shares of company stock worth $24,874,208 in the last 90 days. Corporate insiders own 0.86% of the company’s stock.

Chubb Trading Up 1.0 %

Shares of NYSE:CB opened at $282.83 on Thursday. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.20. The company’s 50-day moving average price is $281.56 and its 200 day moving average price is $266.30. The company has a market cap of $114.85 billion, a PE ratio of 12.55, a P/E/G ratio of 5.74 and a beta of 0.66. Chubb Limited has a fifty-two week low of $205.64 and a fifty-two week high of $294.18.

Chubb (NYSE:CB) last issued its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $5.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.04 by $0.34. The business had revenue of $13.36 billion during the quarter, compared to analyst estimates of $13.04 billion. Chubb had a return on equity of 15.77% and a net margin of 18.14%. The business’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same period in the prior year, the company posted $4.92 EPS. Sell-side analysts anticipate that Chubb Limited will post 21.21 earnings per share for the current year.

Chubb Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Friday, September 13th were issued a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 1.29%. The ex-dividend date was Friday, September 13th. Chubb’s payout ratio is currently 16.16%.

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.