Indiana Trust & Investment Management CO Sells 55 Shares of Chubb Limited (NYSE:CB)

Indiana Trust & Investment Management CO trimmed its stake in shares of Chubb Limited (NYSE:CB) by 14.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 313 shares of the financial services provider’s stock after selling 55 shares during the quarter. Indiana Trust & Investment Management CO’s holdings in Chubb were worth $81,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the stock. Wellington Management Group LLP lifted its stake in shares of Chubb by 0.8% in the 3rd quarter. Wellington Management Group LLP now owns 18,522,413 shares of the financial services provider’s stock valued at $3,855,996,000 after purchasing an additional 138,142 shares during the period. Capital World Investors lifted its stake in Chubb by 0.4% in the fourth quarter. Capital World Investors now owns 10,311,415 shares of the financial services provider’s stock valued at $2,330,272,000 after buying an additional 43,845 shares during the period. Norges Bank bought a new position in shares of Chubb during the 4th quarter worth approximately $957,756,000. Raymond James & Associates grew its position in shares of Chubb by 2.6% during the 4th quarter. Raymond James & Associates now owns 3,103,101 shares of the financial services provider’s stock worth $701,301,000 after buying an additional 77,453 shares during the period. Finally, Ontario Teachers Pension Plan Board increased its stake in shares of Chubb by 0.9% in the 4th quarter. Ontario Teachers Pension Plan Board now owns 2,698,582 shares of the financial services provider’s stock valued at $609,880,000 after acquiring an additional 24,323 shares in the last quarter. 83.81% of the stock is currently owned by institutional investors.

Insider Activity

In related news, COO John W. Keogh sold 34,707 shares of the stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $251.98, for a total transaction of $8,745,469.86. Following the sale, the chief operating officer now owns 284,136 shares of the company’s stock, valued at approximately $71,596,589.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Michael G. Atieh sold 716 shares of the stock in a transaction on Friday, May 17th. The stock was sold at an average price of $269.70, for a total value of $193,105.20. Following the sale, the director now owns 39,295 shares in the company, valued at $10,597,861.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO John W. Keogh sold 34,707 shares of Chubb stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $251.98, for a total value of $8,745,469.86. Following the sale, the chief operating officer now directly owns 284,136 shares of the company’s stock, valued at approximately $71,596,589.28. The disclosure for this sale can be found here. Over the last three months, insiders sold 47,552 shares of company stock worth $12,149,985. 0.86% of the stock is owned by corporate insiders.

Chubb Trading Down 2.7 %

Shares of Chubb stock opened at $255.07 on Friday. The stock has a market capitalization of $103.57 billion, a P/E ratio of 11.32, a P/E/G ratio of 6.24 and a beta of 0.66. Chubb Limited has a 52-week low of $183.71 and a 52-week high of $275.41. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.29 and a current ratio of 0.29. The stock’s 50-day simple moving average is $259.30 and its 200 day simple moving average is $248.48.

Chubb (NYSE:CB) last posted its quarterly earnings results on Tuesday, April 23rd. The financial services provider reported $5.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.29 by $0.12. The company had revenue of $12.22 billion for the quarter, compared to analyst estimates of $11.75 billion. Chubb had a net margin of 17.99% and a return on equity of 16.29%. The company’s quarterly revenue was up 14.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.41 earnings per share. As a group, research analysts anticipate that Chubb Limited will post 21.15 EPS for the current year.

Chubb Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 5th. Shareholders of record on Friday, June 14th will be given a dividend of $0.91 per share. The ex-dividend date is Friday, June 14th. This represents a $3.64 annualized dividend and a dividend yield of 1.43%. This is an increase from Chubb’s previous quarterly dividend of $0.86. Chubb’s dividend payout ratio is currently 16.16%.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. William Blair lowered shares of Chubb from a “market perform” rating to an “underperform” rating in a research note on Friday. JMP Securities reissued a “market outperform” rating and set a $280.00 price objective on shares of Chubb in a research report on Monday, April 15th. The Goldman Sachs Group boosted their target price on Chubb from $228.00 to $254.00 and gave the company a “neutral” rating in a research report on Friday, April 12th. Roth Mkm reaffirmed a “buy” rating and set a $280.00 price target on shares of Chubb in a research note on Wednesday, April 24th. Finally, Citigroup reissued a “neutral” rating and issued a $275.00 price objective (up previously from $238.00) on shares of Chubb in a research note on Thursday, March 14th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $266.70.

About Chubb

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.