Camden National Bank lifted its holdings in Chubb Ltd (NYSE:CB) by 4.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 55,252 shares of the financial services provider’s stock after purchasing an additional 2,160 shares during the quarter. Camden National Bank’s holdings in Chubb were worth $7,384,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. ELM Advisors LLC purchased a new position in Chubb during the third quarter worth $103,000. Atlantic Trust LLC purchased a new position in Chubb during the second quarter worth $102,000. Legacy Advisors LLC boosted its stake in Chubb by 1,612.0% during the third quarter. Legacy Advisors LLC now owns 856 shares of the financial services provider’s stock worth $115,000 after buying an additional 806 shares during the period. FNY Investment Advisers LLC purchased a new position in Chubb during the second quarter worth $127,000. Finally, Edge Wealth Management LLC purchased a new position in Chubb during the second quarter worth $133,000. 85.99% of the stock is owned by hedge funds and other institutional investors.

NYSE:CB opened at $130.10 on Friday. Chubb Ltd has a twelve month low of $120.50 and a twelve month high of $157.50. The firm has a market cap of $58.78 billion, a PE ratio of 12.03, a price-to-earnings-growth ratio of 1.28 and a beta of 1.02. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.24.

Chubb (NYSE:CB) last released its earnings results on Tuesday, October 23rd. The financial services provider reported $2.41 earnings per share for the quarter, topping the consensus estimate of $2.39 by $0.02. Chubb had a return on equity of 9.71% and a net margin of 15.37%. The business had revenue of $7.55 billion during the quarter, compared to the consensus estimate of $7.63 billion. During the same period last year, the company earned ($0.13) earnings per share. The business’s revenue for the quarter was up 2.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Chubb Ltd will post 9.97 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 11th. Stockholders of record on Friday, December 21st will be given a dividend of $0.73 per share. This represents a $2.92 annualized dividend and a dividend yield of 2.24%. Chubb’s dividend payout ratio (DPR) is 36.36%.

CB has been the subject of several recent analyst reports. Credit Suisse Group initiated coverage on shares of Chubb in a research note on Tuesday, August 7th. They set a “neutral” rating and a $150.00 price objective for the company. Wells Fargo & Co reaffirmed a “buy” rating and set a $169.00 price objective on shares of Chubb in a research note on Tuesday, July 24th. Zacks Investment Research lowered shares of Chubb from a “hold” rating to a “sell” rating in a research note on Tuesday, September 25th. Citigroup lifted their price objective on shares of Chubb from $151.00 to $157.00 and gave the stock a “buy” rating in a research note on Monday, July 30th. Finally, ValuEngine raised shares of Chubb from a “sell” rating to a “hold” rating in a research note on Thursday, August 2nd. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $158.00.

In related news, CEO Evan G. Greenberg sold 227,994 shares of Chubb stock in a transaction dated Wednesday, September 19th. The stock was sold at an average price of $140.29, for a total value of $31,985,278.26. Following the completion of the sale, the chief executive officer now directly owns 1,583,326 shares in the company, valued at $222,124,804.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Timothy Alan Boroughs sold 14,971 shares of Chubb stock in a transaction dated Thursday, September 20th. The shares were sold at an average price of $139.37, for a total value of $2,086,508.27. Following the completion of the sale, the insider now owns 202,794 shares of the company’s stock, valued at $28,263,399.78. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 242,967 shares of company stock valued at $34,072,088. Corporate insiders own 0.44% of the company’s stock.

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Chubb Profile

Chubb Limited, through its subsidiaries, provides insurance and reinsurance products worldwide. Its North America Commercial P&C Insurance segment offers commercial property, marine, general casualty, workers' compensation, package policies, and risk management; and professional lines, marine, construction, environmental, medical, cyber risk, and excess casualty, as well as group accident and health insurance to large, middle market, and small commercial businesses in the United States, Canada, and Bermuda.

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Institutional Ownership by Quarter for Chubb (NYSE:CB)

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