Farmers Trust Co. Boosts Holdings in Chubb Limited $CB

Farmers Trust Co. lifted its holdings in Chubb Limited (NYSE:CB) by 8.7% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 25,779 shares of the financial services provider’s stock after purchasing an additional 2,055 shares during the period. Chubb makes up 1.3% of Farmers Trust Co.’s holdings, making the stock its 20th biggest holding. Farmers Trust Co.’s holdings in Chubb were worth $7,276,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in CB. Corient Private Wealth LLC boosted its position in Chubb by 0.6% in the 2nd quarter. Corient Private Wealth LLC now owns 584,706 shares of the financial services provider’s stock valued at $169,402,000 after buying an additional 3,616 shares during the period. Caldwell Trust Co purchased a new stake in shares of Chubb during the second quarter worth $74,000. Valeo Financial Advisors LLC raised its stake in shares of Chubb by 41.6% in the second quarter. Valeo Financial Advisors LLC now owns 6,667 shares of the financial services provider’s stock valued at $1,931,000 after acquiring an additional 1,958 shares in the last quarter. Troy Asset Management Ltd raised its stake in shares of Chubb by 89.1% in the second quarter. Troy Asset Management Ltd now owns 793,427 shares of the financial services provider’s stock valued at $229,872,000 after acquiring an additional 373,872 shares in the last quarter. Finally, NWF Advisory Services Inc. boosted its holdings in Chubb by 14.1% in the second quarter. NWF Advisory Services Inc. now owns 1,221 shares of the financial services provider’s stock valued at $354,000 after purchasing an additional 151 shares during the period. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have weighed in on CB shares. JPMorgan Chase & Co. upped their price target on Chubb from $321.00 to $327.00 and gave the stock a “neutral” rating in a report on Thursday, October 9th. Citigroup boosted their price objective on Chubb from $331.00 to $335.00 and gave the stock a “buy” rating in a research report on Tuesday, December 2nd. The Goldman Sachs Group restated a “neutral” rating and set a $309.00 target price on shares of Chubb in a research note on Monday, October 27th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Chubb from $303.00 to $304.00 and gave the stock a “hold” rating in a research note on Monday, November 24th. Finally, HSBC increased their price objective on shares of Chubb from $302.00 to $304.00 in a research report on Wednesday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $309.79.

Insiders Place Their Bets

In related news, insider John J. Lupica sold 23,698 shares of the company’s stock in a transaction dated Monday, October 27th. The stock was sold at an average price of $281.00, for a total value of $6,659,138.00. Following the completion of the sale, the insider directly owned 90,600 shares of the company’s stock, valued at $25,458,600. This represents a 20.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Joseph F. Wayland sold 5,830 shares of the firm’s stock in a transaction that occurred on Thursday, November 13th. The stock was sold at an average price of $297.08, for a total value of $1,731,976.40. Following the transaction, the executive vice president owned 60,593 shares in the company, valued at $18,000,968.44. This represents a 8.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 57,333 shares of company stock valued at $16,629,873. 0.86% of the stock is currently owned by insiders.

Chubb Stock Performance

Shares of CB opened at $308.45 on Monday. The company has a market capitalization of $121.39 billion, a price-to-earnings ratio of 12.87, a price-to-earnings-growth ratio of 3.52 and a beta of 0.51. Chubb Limited has a 52-week low of $252.16 and a 52-week high of $308.98. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.20. The stock has a 50 day moving average price of $288.27 and a 200 day moving average price of $282.14.

Chubb (NYSE:CB) last issued its quarterly earnings data on Tuesday, October 21st. The financial services provider reported $7.49 earnings per share for the quarter, topping the consensus estimate of $5.51 by $1.98. Chubb had a net margin of 16.53% and a return on equity of 12.93%. The business had revenue of $16.15 billion during the quarter, compared to the consensus estimate of $12.95 billion. During the same quarter in the previous year, the firm earned $5.72 EPS. The company’s revenue was up 7.5% compared to the same quarter last year. Research analysts predict that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 2nd. Shareholders of record on Friday, December 12th will be paid a $0.97 dividend. This represents a $3.88 annualized dividend and a yield of 1.3%. The ex-dividend date is Friday, December 12th. Chubb’s dividend payout ratio is currently 16.19%.

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.