Webster Bank N. A. Grows Position in Chubb Limited $CB

Webster Bank N. A. boosted its stake in Chubb Limited (NYSE:CB) by 2.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,049 shares of the financial services provider’s stock after buying an additional 143 shares during the quarter. Webster Bank N. A.’s holdings in Chubb were worth $1,463,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in CB. GQG Partners LLC increased its position 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 valued at $2,836,899,000 after purchasing an additional 4,964,298 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Chubb by 36,831.3% during the 1st quarter. GAMMA Investing LLC now owns 2,084,033 shares of the financial services provider’s stock valued at $629,357,000 after purchasing an additional 2,078,390 shares during the last quarter. Nuveen LLC purchased a new stake in shares of Chubb during the 1st quarter valued at $562,221,000. Demars Financial Group LLC increased its position 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 valued at $1,884,004,000 after purchasing an additional 878,177 shares during the last quarter. Finally, SG Americas Securities LLC increased its position in shares of Chubb by 1,243.9% during the 1st quarter. SG Americas Securities LLC now owns 680,456 shares of the financial services provider’s stock valued at $205,491,000 after purchasing an additional 629,822 shares during the last quarter. 83.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft lowered Chubb from a “buy” rating to a “hold” rating and set a $303.00 target price for the company. in a research report on Tuesday, May 20th. Citigroup started coverage on Chubb in a research report on Wednesday, August 13th. They set a “buy” rating and a $326.00 target price for the company. Cantor Fitzgerald raised Chubb to a “hold” rating in a report on Wednesday, August 13th. Hsbc Global Res lowered Chubb from a “strong-buy” rating to a “hold” rating in a report on Friday, August 1st. Finally, Evercore ISI set a $312.00 price objective on Chubb in a report on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Chubb currently has an average rating of “Hold” and an average price target of $302.00.

Chubb Trading Down 1.7%

Shares of CB opened at $278.02 on Monday. Chubb Limited has a fifty-two week low of $252.16 and a fifty-two week high of $306.91. The business has a 50-day moving average of $274.38 and a 200 day moving average of $283.41. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.28 and a current ratio of 0.28. The firm has a market cap of $110.84 billion, a P/E ratio of 12.26, a price-to-earnings-growth ratio of 3.14 and a beta of 0.56.

Chubb (NYSE:CB) last issued its earnings results on Tuesday, July 22nd. The financial services provider reported $6.14 EPS for the quarter, topping the consensus estimate of $5.84 by $0.30. Chubb had a return on equity of 12.34% and a net margin of 16.08%.The business had revenue of $14.20 billion during the quarter, compared to the consensus estimate of $12.53 billion. During the same quarter last year, the company earned $5.38 EPS. The firm’s revenue was up 6.3% compared to the same quarter last year. As a group, research analysts forecast that Chubb Limited will post 21.52 EPS for the current year.

Chubb Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 3rd. Shareholders of record on Friday, September 12th will be paid a $0.97 dividend. The ex-dividend date is Friday, September 12th. This represents a $3.88 annualized dividend and a yield of 1.4%. Chubb’s dividend payout ratio (DPR) is currently 17.12%.

Insider Activity

In related news, Director Michael Corbat bought 425 shares of the business’s stock in a transaction on Friday, July 25th. The stock was acquired at an average price of $269.80 per share, for a total transaction of $114,665.00. Following the purchase, the director directly owned 2,450 shares in the company, valued at $661,010. This trade represents a 20.99% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John J. Lupica sold 5,513 shares of the firm’s stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $290.06, for a total value of $1,599,100.78. Following the completion of the transaction, the insider owned 91,180 shares of the company’s stock, valued at approximately $26,447,670.80. This represents a 5.70% decrease in their position. The disclosure for this sale can be found here. 0.86% of the stock is owned by company 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.