NBT Bank N.A. Purchases 5,333 Shares of Chubb Limited $CB

Key Points

• NBT Bank acquired 5,333 Chubb shares in the third quarter, worth approximately $1.74 million. Institutional investors and hedge funds collectively own 83.81% of Chubb’s outstanding stock.
• Chubb reported quarterly EPS of $7.66, exceeding analyst estimates of $6.77, while revenue reached $16.20 billion versus the $15.66 billion consensus. The company also maintains a quarterly dividend of $1.02 per share, yielding about 1.1% annually.
• Analyst sentiment remains mixed: Goldman Sachs rates the stock a Buy with a $386 price target, while several firms maintain Hold or Neutral ratings. Chubb shares recently traded near $355, compared with an average analyst target of approximately $361.

NBT Bank N.A. bought a new stake in shares of Chubb Limited (NYSE:CB - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 5,333 shares of the financial services provider's stock, valued at approximately $1,735,000.

Other hedge funds have also recently bought and sold shares of the company. Root Financial Partners LLC lifted its stake in Chubb by 8.7% during the third quarter. Root Financial Partners LLC now owns 1,576 shares of the financial services provider's stock valued at $513,000 after purchasing an additional 126 shares during the last quarter. SBI Securities Co. Ltd. grew its position in Chubb by 43.9% in the third quarter. SBI Securities Co. Ltd. now owns 541 shares of the financial services provider's stock worth $176,000 after buying an additional 165 shares during the last quarter. Foster Victor Wealth Advisors LLC acquired a new position in Chubb in the third quarter worth approximately $461,000. Flavin Financial Services Inc. grew its position in Chubb by 7.2% in the third quarter. Flavin Financial Services Inc. now owns 1,434 shares of the financial services provider's stock worth $466,000 after buying an additional 96 shares during the last quarter. Finally, Vest Financial LLC increased its holdings in shares of Chubb by 3.8% in the third quarter. Vest Financial LLC now owns 419,843 shares of the financial services provider's stock valued at $136,554,000 after buying an additional 15,394 shares in the last quarter. 83.81% of the stock is owned by institutional investors and hedge funds.

Chubb Stock Performance

CB stock opened at $355.16 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.29 and a current ratio of 0.35. The stock has a market cap of $137.02 billion, a P/E ratio of 12.43, a P/E/G ratio of 1.62 and a beta of 0.36. The firm has a 50 day simple moving average of $341.68 and a 200 day simple moving average of $337.44. Chubb Limited has a 52 week low of $273.35 and a 52 week high of $365.91.

Chubb (NYSE:CB - Get Free Report) last announced its quarterly earnings data on Tuesday, October 20th. The financial services provider reported $7.66 EPS for the quarter, beating analysts' consensus estimates of $6.77 by $0.89. The firm had revenue of $16.20 billion for the quarter, compared to the consensus estimate of $15.66 billion. Chubb had a net margin of 18.15% and a return on equity of 14.41%. During the same period in the previous year, the firm posted $7.49 earnings per share. Research analysts anticipate that Chubb Limited will post 27.83 earnings per share for the current fiscal year.

Chubb Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Friday, September 11th were paid a dividend of $1.02 per share. The ex-dividend date of this dividend was Friday, September 11th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.1%. Chubb's dividend payout ratio (DPR) is 14.28%.

Insider Buying and Selling at Chubb

In other news, Director Michael Connors sold 5,500 shares of the business's stock in a transaction on Friday, August 21st. The shares were sold at an average price of $345.00, for a total transaction of $1,897,500.00. Following the transaction, the director directly owned 12,803 shares in the company, valued at $4,417,035. The trade was a 30.05% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Joseph F. Wayland sold 8,502 shares of the company's stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $364.54, for a total transaction of $3,099,319.08. Following the completion of the transaction, the executive vice president directly owned 33,749 shares in the company, valued at $12,302,860.46. This trade represents a 20.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.37% of the company's stock.

Trending Headlines about Chubb

Here are the key news stories impacting Chubb this week:

• Positive Sentiment: Chubb’s latest earnings call highlighted solid profits, strong underwriting performance and investment-float growth, supporting the view that the insurer’s core business remains healthy. Chubb Earnings Call Highlights
• Positive Sentiment: Goldman Sachs maintained its Buy rating, while Wells Fargo raised its price target to $366 and JPMorgan increased its target to $374, indicating some analysts still see additional upside. Wells Fargo Rating
• Positive Sentiment: One analysis argued that Chubb may remain inexpensive despite a roughly 105% run, with valuation supported by its earnings power and underwriting results. Chubb Valuation Analysis
• Neutral Sentiment: Wells Fargo kept an Equal Weight view, JPMorgan and Mizuho retained Neutral ratings, and Cantor Fitzgerald, Barclays and Deutsche Bank maintained Hold ratings. The broad analyst stance remains cautious rather than decisively bullish. Deutsche Bank Rating
• Negative Sentiment: Several revised targets remain close to the trading price: Mizuho’s $350 target implies downside, while the reported consensus target of $358.36 suggests limited near-term appreciation. This may be weighing on the stock after its strong advance. Chubb Consensus Price Target

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on CB shares. The Goldman Sachs Group increased their price objective on Chubb from $362.00 to $386.00 and gave the company a "buy" rating in a research report on Wednesday, July 1st. Wells Fargo & Company raised their price objective on Chubb from $343.00 to $366.00 and gave the stock an "equal weight" rating in a research note on Thursday. HSBC restated a "hold" rating and issued a $359.00 target price on shares of Chubb in a report on Wednesday, October 7th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $354.00 target price on shares of Chubb in a research report on Wednesday, July 22nd. Finally, JPMorgan Chase & Co. upped their target price on Chubb from $371.00 to $374.00 and gave the company a "neutral" rating in a report on Friday. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Chubb presently has an average rating of "Hold" and an average price target of $361.09.

Chubb Profile

Chubb Limited is a global insurance company that provides property and casualty, accident and health, life, and reinsurance products and services. Its offerings include commercial and personal property and casualty insurance, liability coverage, workers' compensation, specialty insurance, travel insurance, and coverage for high-net-worth individuals.

The company serves businesses, individuals, and institutional customers through a network spanning North America, Latin America, Europe, Asia-Pacific, and other international markets.

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