CHICAGO TRUST Co NA Has $3.14 Million Stock Holdings in Chubb Ltd (NYSE:CB)
CHICAGO TRUST Co NA lessened its position in shares of Chubb Ltd (NYSE:CB) by 22.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,424 shares of the financial services provider’s stock after selling 5,480 shares during the quarter. Chubb comprises about 1.3% of CHICAGO TRUST Co NA’s investment portfolio, making the stock its 24th largest position. CHICAGO TRUST Co NA’s holdings in Chubb were worth $3,136,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of CB. BlackRock Inc. lifted its stake in Chubb by 0.7% in the second quarter. BlackRock Inc. now owns 31,379,308 shares of the financial services provider’s stock valued at $4,621,858,000 after buying an additional 224,656 shares during the period. WCM Investment Management LLC lifted its stake in Chubb by 3.5% in the second quarter. WCM Investment Management LLC now owns 14,532,774 shares of the financial services provider’s stock valued at $2,140,532,000 after buying an additional 493,424 shares during the period. FMR LLC lifted its stake in Chubb by 0.6% in the first quarter. FMR LLC now owns 11,889,654 shares of the financial services provider’s stock valued at $1,665,503,000 after buying an additional 74,295 shares during the period. Boston Partners lifted its stake in Chubb by 5.1% in the second quarter. Boston Partners now owns 5,862,093 shares of the financial services provider’s stock valued at $863,607,000 after buying an additional 283,613 shares during the period. Finally, Northern Trust Corp lifted its stake in Chubb by 2.4% in the second quarter. Northern Trust Corp now owns 5,503,820 shares of the financial services provider’s stock valued at $810,658,000 after buying an additional 127,591 shares during the period. 89.44% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE CB traded up $1.32 during mid-day trading on Wednesday, reaching $156.80. 904,750 shares of the company’s stock were exchanged, compared to its average volume of 1,504,454. The firm has a market capitalization of $73.86 billion, a price-to-earnings ratio of 16.61, a PEG ratio of 1.56 and a beta of 0.70. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 0.25. The business has a fifty day simple moving average of $158.26 and a 200 day simple moving average of $149.46. Chubb Ltd has a twelve month low of $119.54 and a twelve month high of $162.44.
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 11th. Stockholders of record on Friday, September 20th will be given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date of this dividend is Thursday, September 19th. Chubb’s dividend payout ratio is currently 31.78%.
CB has been the topic of several analyst reports. Morgan Stanley increased their target price on Chubb from $154.00 to $163.00 and gave the company an “equal weight” rating in a research note on Thursday, August 15th. ValuEngine lowered Chubb from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Wells Fargo & Co increased their target price on Chubb from $165.00 to $175.00 and gave the company an “outperform” rating in a research note on Tuesday. Atlantic Securities lowered Chubb from a “neutral” rating to an “underweight” rating and set a $135.00 target price on the stock. in a research note on Thursday, June 20th. Finally, UBS Group increased their target price on Chubb from $156.00 to $157.00 and gave the company a “neutral” rating in a research note on Monday, July 29th. Three analysts have rated the stock with a sell rating, six have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $153.91.
In related news, insider Paul J. Krump sold 5,000 shares of the stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $155.00, for a total transaction of $775,000.00. Following the completion of the transaction, the insider now directly owns 118,865 shares in the company, valued at $18,424,075. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Joseph F. Wayland sold 6,500 shares of the stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $158.05, for a total value of $1,027,325.00. Following the transaction, the executive vice president now owns 77,201 shares of the company’s stock, valued at $12,201,618.05. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 25,625 shares of company stock worth $4,037,880. 0.47% of the stock is currently owned by insiders.
Chubb Limited, through its subsidiaries, provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, marine, general casualty, workers' compensation, package policies, and risk management; professional lines, marine, construction, environmental, medical, cyber risk, surety, and excess casualty; and group accident and health insurance to large, middle market, and small commercial businesses in the United States, Canada, and Bermuda.
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