Legacy Private Trust Co. Has $1.45 Million Position in Chubb Limited (NYSE:CB)

Legacy Private Trust Co. trimmed its position in Chubb Limited (NYSE:CB - Free Report) by 54.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,786 shares of the financial services provider's stock after selling 5,832 shares during the quarter. Legacy Private Trust Co.'s holdings in Chubb were worth $1,445,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Versant Capital Management Inc grew its holdings in Chubb by 34.6% during the 1st quarter. Versant Capital Management Inc now owns 743 shares of the financial services provider's stock valued at $224,000 after buying an additional 191 shares in the last quarter. Lederer & Associates Investment Counsel CA grew its stake in Chubb by 1.7% during the first quarter. Lederer & Associates Investment Counsel CA now owns 7,570 shares of the financial services provider's stock valued at $2,286,000 after acquiring an additional 128 shares in the last quarter. Marcum Wealth LLC grew its stake in Chubb by 2.4% during the first quarter. Marcum Wealth LLC now owns 3,841 shares of the financial services provider's stock valued at $1,160,000 after acquiring an additional 91 shares in the last quarter. Cullen Investment Group LTD. grew its stake in Chubb by 5.1% during the first quarter. Cullen Investment Group LTD. now owns 21,558 shares of the financial services provider's stock valued at $6,510,000 after acquiring an additional 1,044 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its stake in Chubb by 4.0% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 99,311 shares of the financial services provider's stock valued at $29,991,000 after acquiring an additional 3,860 shares in the last quarter. 83.81% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Chubb

In other Chubb news, EVP Joseph F. Wayland sold 12,231 shares of the business's stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $294.82, for a total value of $3,605,943.42. Following the completion of the transaction, the executive vice president now directly owns 78,422 shares of the company's stock, valued at approximately $23,120,374.04. The trade was a 13.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO John W. Keogh sold 85,083 shares of the business's stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $290.24, for a total value of $24,694,489.92. Following the completion of the sale, the chief operating officer now owns 237,728 shares in the company, valued at approximately $68,998,174.72. This trade represents a 26.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 138,553 shares of company stock valued at $40,387,620 in the last 90 days. 0.77% of the stock is currently owned by insiders.

Chubb Stock Performance

Shares of NYSE:CB traded down $3.25 on Tuesday, hitting $296.68. The company's stock had a trading volume of 2,264,741 shares, compared to its average volume of 1,773,944. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.25. The company has a market capitalization of $118.89 billion, a price-to-earnings ratio of 13.06, a price-to-earnings-growth ratio of 3.36 and a beta of 0.57. The stock's 50-day moving average is $288.14 and its two-hundred day moving average is $281.45. Chubb Limited has a 12 month low of $251.42 and a 12 month high of $306.91.

Chubb (NYSE:CB - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The financial services provider reported $3.68 earnings per share for the quarter, beating the consensus estimate of $3.28 by $0.40. Chubb had a return on equity of 13.75% and a net margin of 16.63%. The firm had revenue of $12.65 billion for the quarter, compared to analyst estimates of $11.22 billion. On average, equities research analysts forecast that Chubb Limited will post 21.52 EPS for the current year.

Chubb declared that its board has approved a share buyback program on Thursday, May 15th that authorizes the company to buyback $5.00 billion in outstanding shares. This buyback authorization authorizes the financial services provider to reacquire up to 4.3% of its stock through open market purchases. Stock buyback programs are often an indication that the company's board of directors believes its shares are undervalued.

Chubb Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Friday, June 13th will be issued a $0.97 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $3.88 dividend on an annualized basis and a yield of 1.31%. This is a positive change from Chubb's previous quarterly dividend of $0.91. Chubb's dividend payout ratio (DPR) is 18.67%.

Wall Street Analyst Weigh In

CB has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft lowered shares of Chubb from a "buy" rating to a "hold" rating and set a $303.00 target price for the company. in a report on Tuesday, May 20th. HSBC raised shares of Chubb from a "hold" rating to a "buy" rating and set a $323.00 target price for the company in a report on Wednesday, March 5th. UBS Group raised their target price on shares of Chubb from $303.00 to $304.00 and gave the company a "neutral" rating in a report on Monday, April 28th. Jefferies Financial Group raised their target price on shares of Chubb from $307.00 to $308.00 and gave the company a "hold" rating in a report on Friday, April 11th. Finally, Morgan Stanley raised their target price on shares of Chubb from $280.00 to $300.00 and gave the company an "equal weight" rating in a report on Monday, May 19th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Chubb currently has a consensus rating of "Moderate Buy" and an average price target of $307.53.

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.