BankPlus Trust Department Acquires 428 Shares of Chubb Limited $CB

BankPlus Trust Department raised its position in Chubb Limited (NYSE:CB) by 49.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,289 shares of the financial services provider’s stock after purchasing an additional 428 shares during the period. BankPlus Trust Department’s holdings in Chubb were worth $373,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Opal Wealth Advisors LLC bought a new position in Chubb in the 1st quarter valued at $25,000. North Capital Inc. bought a new position in Chubb in the 1st quarter valued at $26,000. IMA Advisory Services Inc. bought a new position in Chubb in the 1st quarter valued at $31,000. 1248 Management LLC purchased a new stake in shares of Chubb during the 1st quarter valued at $31,000. Finally, WPG Advisers LLC purchased a new stake in shares of Chubb during the 1st quarter valued at $33,000. 83.81% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

CB has been the topic of several research reports. Weiss Ratings restated a “buy (b)” rating on shares of Chubb in a research report on Saturday, September 27th. UBS Group lowered their price objective on shares of Chubb from $304.00 to $292.00 and set a “neutral” rating on the stock in a research report on Monday, July 28th. Cantor Fitzgerald upgraded shares of Chubb to a “hold” rating in a research report on Wednesday, August 13th. Morgan Stanley lowered their price objective on shares of Chubb from $300.00 to $295.00 and set an “equal weight” rating on the stock in a research report on Monday, August 18th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Chubb from $324.00 to $333.00 and gave the company an “outperform” rating in a research report on Monday. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $303.72.

Chubb Price Performance

CB stock opened at $289.24 on Wednesday. The firm’s 50-day moving average price is $275.58 and its two-hundred day moving average price is $282.08. Chubb Limited has a 12-month low of $252.16 and a 12-month high of $306.91. The stock has a market capitalization of $115.32 billion, a price-to-earnings ratio of 12.76, a PEG ratio of 3.23 and a beta of 0.54. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.18.

Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $6.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.84 by $0.30. Chubb had a net margin of 16.08% and a return on equity of 12.34%. The firm had revenue of $14.20 billion for the quarter, compared to analysts’ expectations of $12.53 billion. During the same quarter in the previous year, the company earned $5.38 earnings per share. The company’s revenue for the quarter was up 6.3% compared to the same quarter last year. As a group, equities analysts predict that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 3rd. Shareholders of record on Friday, September 12th were given a $0.97 dividend. The ex-dividend date was Friday, September 12th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.3%. Chubb’s payout ratio is presently 17.12%.

Insider Buying and Selling at Chubb

In related news, Director Michael Corbat bought 425 shares of the business’s stock in a transaction dated Friday, July 25th. The shares were purchased at an average price of $269.80 per share, with a total value of $114,665.00. Following the purchase, the director owned 2,450 shares of the company’s stock, valued at approximately $661,010. This trade represents a 20.99% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.86% of the company’s stock.

About Chubb

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.