Farmers Trust Co. Decreases Position in Chubb Limited $CB

Farmers Trust Co. lessened its stake in Chubb Limited (NYSE:CB) by 29.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 18,157 shares of the financial services provider’s stock after selling 7,622 shares during the quarter. Farmers Trust Co.’s holdings in Chubb were worth $5,667,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of CB. Harbor Capital Advisors Inc. increased its position in Chubb by 93.6% in the third quarter. Harbor Capital Advisors Inc. now owns 91 shares of the financial services provider’s stock worth $26,000 after buying an additional 44 shares during the last quarter. Cedar Mountain Advisors LLC lifted its position in shares of Chubb by 155.6% during the 3rd quarter. Cedar Mountain Advisors LLC now owns 92 shares of the financial services provider’s stock valued at $26,000 after buying an additional 56 shares during the last quarter. KERR FINANCIAL PLANNING Corp purchased a new position in shares of Chubb during the 3rd quarter valued at $31,000. VSM Wealth Advisory LLC bought a new position in shares of Chubb during the 2nd quarter worth $32,000. Finally, Cornerstone Planning Group LLC grew its stake in shares of Chubb by 81.5% during the 3rd quarter. Cornerstone Planning Group LLC now owns 118 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 53 shares during the period. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Insider Buying and Selling

In other Chubb news, CEO Evan G. Greenberg sold 15,060 shares of the stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $331.47, for a total value of $4,991,938.20. Following the sale, the chief executive officer directly owned 511,576 shares in the company, valued at $169,572,096.72. This represents a 2.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Timothy Alan Boroughs sold 27,817 shares of the firm’s stock in a transaction on Friday, February 6th. The shares were sold at an average price of $331.98, for a total transaction of $9,234,687.66. Following the completion of the transaction, the executive vice president directly owned 11,810 shares of the company’s stock, valued at approximately $3,920,683.80. The trade was a 70.20% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.77% of the company’s stock.

Chubb Stock Down 1.4%

Shares of NYSE CB opened at $323.50 on Friday. 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 company has a market cap of $126.22 billion, a P/E ratio of 12.57, a P/E/G ratio of 2.06 and a beta of 0.46. Chubb Limited has a 52 week low of $264.10 and a 52 week high of $345.67. The business has a 50-day simple moving average of $320.92 and a two-hundred day simple moving average of $300.91.

Chubb (NYSE:CB) last announced its quarterly earnings results on Tuesday, February 3rd. The financial services provider reported $7.52 earnings per share for the quarter, beating the consensus estimate of $6.33 by $1.19. Chubb had a return on equity of 13.15% and a net margin of 17.36%.The firm had revenue of $2.08 billion for the quarter, compared to analysts’ expectations of $11.11 billion. During the same period in the prior year, the business posted $6.02 earnings per share. The company’s revenue was up 8.9% on a year-over-year basis. Research analysts anticipate that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, April 6th. Investors of record on Friday, March 13th will be issued a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Friday, March 13th. Chubb’s dividend payout ratio is 15.08%.

Analyst Ratings Changes

A number of brokerages recently issued reports on CB. Keefe, Bruyette & Woods boosted their price objective on Chubb from $355.00 to $373.00 and gave the company an “outperform” rating in a research note on Friday, February 6th. Piper Sandler increased their target price on shares of Chubb from $283.00 to $319.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 4th. Deutsche Bank Aktiengesellschaft lifted their target price 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. UBS Group reissued a “neutral” rating and issued a $340.00 price target on shares of Chubb in a research report on Monday, February 9th. Finally, HSBC upped their price target on shares of Chubb from $354.00 to $357.00 and gave the company a “buy” rating in a research note on Thursday, February 5th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $340.81.

About Chubb

Chubb is a global property and casualty insurance company that underwrites a broad range of commercial and personal insurance products and related services. Its offerings include commercial property and casualty coverage, specialty liability, professional and management liability, cyber and technology insurance, marine and energy, surety, accident and health solutions, and high-net-worth personal lines such as homeowners, auto and valuables protection. Chubb serves businesses, individuals and institutions with tailored underwriting and risk-transfer solutions across multiple industry sectors.

In addition to core underwriting, Chubb provides risk engineering, loss control, claims management and risk consulting services intended to reduce loss severity and help clients manage exposures.