First Merchants Corp Has $12.78 Million Holdings in Chubb Limited $CB

First Merchants Corp cut its stake in Chubb Limited (NYSE:CB - Free Report) by 3.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 44,127 shares of the financial services provider's stock after selling 1,649 shares during the period. First Merchants Corp's holdings in Chubb were worth $12,784,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CB. GQG Partners LLC boosted its stake in shares of Chubb by 112.1% during the 1st quarter. GQG Partners LLC now owns 9,394,018 shares of the financial services provider's stock worth $2,836,899,000 after buying an additional 4,964,298 shares during the last quarter. Demars Financial Group LLC boosted its stake in shares of Chubb by 16.4% during the 1st quarter. Demars Financial Group LLC now owns 6,238,632 shares of the financial services provider's stock worth $1,884,004,000 after buying an additional 878,177 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Chubb by 6.9% during the 1st quarter. Ameriprise Financial Inc. now owns 4,696,682 shares of the financial services provider's stock worth $1,418,398,000 after buying an additional 304,751 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Chubb by 1.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,784,053 shares of the financial services provider's stock worth $840,756,000 after buying an additional 30,334 shares during the last quarter. Finally, Nuveen LLC acquired a new position in shares of Chubb during the 1st quarter worth about $562,221,000. 83.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on CB shares. Barclays increased their price objective on shares of Chubb from $298.00 to $310.00 and gave the stock an "equal weight" rating in a research note on Wednesday. Cantor Fitzgerald upgraded shares of Chubb to a "hold" rating in a research note on Wednesday, August 13th. HSBC downgraded shares of Chubb from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $317.00 to $300.00 in a research note on Friday, August 1st. The Goldman Sachs Group increased their price objective on shares of Chubb from $299.00 to $303.00 and gave the stock a "neutral" rating in a research note on Monday. Finally, Evercore ISI raised their target price on shares of Chubb from $312.00 to $315.00 and gave the company an "outperform" rating in a research note on Wednesday, October 1st. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $304.33.

Chubb Trading Down 0.7%

Shares of NYSE:CB opened at $287.17 on Thursday. Chubb Limited has a 52-week low of $252.16 and a 52-week high of $306.91. The company has a market capitalization of $114.49 billion, a P/E ratio of 12.67, a price-to-earnings-growth ratio of 3.26 and a beta of 0.54. The company has a 50-day simple moving average of $276.00 and a 200 day simple moving average of $282.12. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.28 and a current ratio of 0.28.

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

Chubb Dividend Announcement

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

Insiders Place Their Bets

In related news, Director Michael Corbat purchased 425 shares of the stock in a transaction 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 acquisition, the director directly owned 2,450 shares in the company, valued at $661,010. The trade was a 20.99% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 0.77% of the stock is currently owned by corporate insiders.

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.

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