Chubb Limited $CB Shares Sold by Private Trust Co. NA

Key Points

• Private Trust Co. NA significantly reduced its holdings in Chubb Limited by 52.3% during the second quarter, now owning 4,990 shares valued at approximately $1.446 million.
• Chubb has received mixed ratings from analysts, with target prices ranging from $283 to $333 and an average rating of "Hold".
• The company announced a quarterly dividend of $0.97, resulting in a 1.4% dividend yield, following a solid quarterly earnings report that exceeded analyst estimates.

Private Trust Co. NA reduced its position in shares of Chubb Limited (NYSE:CB - Free Report) by 52.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,990 shares of the financial services provider's stock after selling 5,473 shares during the period. Private Trust Co. NA's holdings in Chubb were worth $1,446,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. E Fund Management Co. Ltd. boosted its holdings in Chubb by 3.9% during the 1st quarter. E Fund Management Co. Ltd. now owns 964 shares of the financial services provider's stock valued at $291,000 after acquiring an additional 36 shares during the period. Rise Advisors LLC lifted its position in shares of Chubb by 4.6% during the first quarter. Rise Advisors LLC now owns 841 shares of the financial services provider's stock worth $254,000 after purchasing an additional 37 shares in the last quarter. Avantax Planning Partners Inc. boosted its stake in shares of Chubb by 5.1% in the first quarter. Avantax Planning Partners Inc. now owns 783 shares of the financial services provider's stock valued at $236,000 after purchasing an additional 38 shares during the period. Sky Investment Group LLC grew its holdings in shares of Chubb by 1.6% in the second quarter. Sky Investment Group LLC now owns 2,397 shares of the financial services provider's stock valued at $694,000 after purchasing an additional 38 shares in the last quarter. Finally, Lincoln Capital LLC increased its stake in Chubb by 0.6% during the 1st quarter. Lincoln Capital LLC now owns 6,962 shares of the financial services provider's stock worth $2,022,000 after buying an additional 39 shares during the period. Hedge funds and other institutional investors own 83.81% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have commented on CB. Cantor Fitzgerald raised shares of Chubb to a "hold" rating in a research report on Wednesday, August 13th. Barclays lifted their target price on Chubb from $298.00 to $310.00 and gave the company an "equal weight" rating in a report on Wednesday, October 8th. Keefe, Bruyette & Woods upped their price target on Chubb from $324.00 to $333.00 and gave the stock an "outperform" rating in a report on Monday, October 6th. Hsbc Global Res cut Chubb from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 1st. Finally, Piper Sandler reissued 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. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $305.28.

Insider Activity at Chubb

In related news, Director Michael Corbat bought 425 shares of the company's stock in a transaction that occurred on Friday, July 25th. The shares were purchased at an average cost of $269.80 per share, with a total value of $114,665.00. Following the transaction, the director directly owned 2,450 shares of the company's stock, valued at approximately $661,010. This represents a 20.99% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.77% of the stock is owned by company insiders.

Chubb Stock Down 0.0%

Shares of NYSE CB opened at $268.15 on Friday. The business has a 50-day moving average of $277.40 and a two-hundred day moving average of $281.24. The company has a market capitalization of $106.91 billion, a price-to-earnings ratio of 11.83, a price-to-earnings-growth ratio of 3.02 and a beta of 0.54. Chubb Limited has a 1 year low of $252.16 and a 1 year high of $306.91. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.28 and a quick ratio of 0.28.

Chubb (NYSE:CB - Get Free Report) last released its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $6.14 EPS for the quarter, beating analysts' consensus estimates of $5.84 by $0.30. The business had revenue of $14.20 billion for the quarter, compared to the consensus estimate of $12.53 billion. Chubb had a return on equity of 12.34% and a net margin of 16.08%.The business's revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $5.38 EPS. On average, analysts forecast that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 3rd. Stockholders of record on Friday, September 12th were issued a $0.97 dividend. The ex-dividend date was Friday, September 12th. This represents a $3.88 annualized dividend and a dividend yield of 1.4%. Chubb's dividend payout ratio is presently 17.12%.

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.

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