Wesbanco Bank Inc. Has $4.54 Million Position in Chubb Limited $CB

Wesbanco Bank Inc. lessened its stake in shares of Chubb Limited (NYSE:CB) by 8.8% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 16,087 shares of the financial services provider’s stock after selling 1,557 shares during the quarter. Wesbanco Bank Inc.’s holdings in Chubb were worth $4,541,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in CB. Vanguard Group Inc. raised its stake in shares of Chubb by 0.6% during the second quarter. Vanguard Group Inc. now owns 36,738,895 shares of the financial services provider’s stock valued at $10,643,993,000 after acquiring an additional 210,053 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Chubb by 0.3% in the 2nd quarter. Geode Capital Management LLC now owns 8,810,780 shares of the financial services provider’s stock valued at $2,541,771,000 after purchasing an additional 30,721 shares during the period. Bank of America Corp DE lifted its stake in Chubb by 11.6% in the second quarter. Bank of America Corp DE now owns 4,929,858 shares of the financial services provider’s stock valued at $1,428,278,000 after buying an additional 513,852 shares during the period. Norges Bank acquired a new position in shares of Chubb during the 2nd quarter valued at $1,195,137,000. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Chubb by 0.8% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 2,253,607 shares of the financial services provider’s stock worth $652,915,000 after purchasing an additional 18,820 shares in the last quarter. Institutional investors own 83.81% of the company’s stock.

Wall Street Analyst Weigh In

CB has been the topic of a number of recent research reports. Evercore increased their target price on Chubb from $346.00 to $347.00 and gave the stock an “outperform” rating in a report on Wednesday, February 4th. BMO Capital Markets lifted their price target on Chubb from $283.00 to $326.00 and gave the company a “market perform” rating in a research note on Tuesday. Barclays lifted their target price on Chubb from $317.00 to $339.00 and gave the company an “equal weight” rating in a research report on Thursday, January 8th. Keefe, Bruyette & Woods upped their price objective on shares of Chubb from $355.00 to $373.00 and gave the stock an “outperform” rating in a research report on Friday, February 6th. Finally, Bank of America reduced their price objective on Chubb from $279.00 to $259.00 and set an “underperform” rating for the company in a research note on Friday, January 16th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $340.09.

Insider Activity at Chubb

In other Chubb news, insider John J. Lupica sold 16,375 shares of Chubb stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of $296.45, for a total transaction of $4,854,368.75. Following the completion of the sale, the insider directly owned 74,225 shares in the company, valued at $22,004,001.25. The trade was a 18.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Joseph F. Wayland sold 5,830 shares of Chubb stock in a transaction on Thursday, November 13th. The stock was sold at an average price of $297.08, for a total transaction of $1,731,976.40. Following the sale, the executive vice president directly owned 60,593 shares of the company’s stock, valued at $18,000,968.44. This represents a 8.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 76,512 shares of company stock valued at $24,197,361. Company insiders own 0.86% of the company’s stock.

Chubb Price Performance

Shares of NYSE CB opened at $326.16 on Wednesday. The stock has a fifty day moving average of $308.69 and a 200-day moving average of $290.09. Chubb Limited has a fifty-two week low of $263.14 and a fifty-two week high of $335.59. The stock has a market cap of $128.36 billion, a PE ratio of 12.68, a price-to-earnings-growth ratio of 2.08 and a beta of 0.49. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.27 and a current ratio of 0.24.

Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, February 3rd. The financial services provider reported $7.52 EPS for the quarter, beating analysts’ consensus estimates of $6.33 by $1.19. Chubb had a net margin of 17.36% and a return on equity of 13.15%. The company had revenue of $2.08 billion during the quarter, compared to analyst estimates of $11.11 billion. During the same period last year, the business earned $6.02 earnings per share. Chubb’s revenue was up 8.9% compared to the same quarter last year. Equities research analysts anticipate that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 2nd. Shareholders of record on Friday, December 12th were issued a $0.97 dividend. The ex-dividend date of this dividend was Friday, December 12th. This represents a $3.88 annualized dividend and a dividend yield of 1.2%. Chubb’s dividend payout ratio (DPR) is presently 15.08%.

Chubb Company Profile

Chubb is a global property and casualty insurance company that underwrites a broad range of commercial and personal insurance products and related services. Its offerings include commercial property and casualty coverage, specialty liability, professional and management liability, cyber and technology insurance, marine and energy, surety, accident and health solutions, and high-net-worth personal lines such as homeowners, auto and valuables protection. Chubb serves businesses, individuals and institutions with tailored underwriting and risk-transfer solutions across multiple industry sectors.

In addition to core underwriting, Chubb provides risk engineering, loss control, claims management and risk consulting services intended to reduce loss severity and help clients manage exposures.