2,050 Shares in Chubb Limited $CB Bought by Cetera Trust Company N.A

Cetera Trust Company N.A purchased a new stake in Chubb Limited (NYSE:CB) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 2,050 shares of the financial services provider’s stock, valued at approximately $699,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of CB. IMG Wealth Management Inc. acquired a new position in Chubb during the second quarter worth $25,000. Dunhill Financial LLC acquired a new position in shares of Chubb during the second quarter valued at about $25,000. CBIZ Investment Advisory Services LLC increased its position in shares of Chubb by 148.5% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 82 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 49 shares in the last quarter. Frazier Financial Advisors LLC increased its position in shares of Chubb by 86.4% during the first quarter. Frazier Financial Advisors LLC now owns 82 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 38 shares in the last quarter. Finally, Merkkuri Wealth Advisors LLC bought a new stake in shares of Chubb during the first quarter worth about $29,000. Institutional investors own 83.81% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on CB. Citigroup reaffirmed a “market outperform” rating on shares of Chubb in a research report on Wednesday, July 22nd. UBS Group boosted their price objective on Chubb from $340.00 to $369.00 and gave the stock a “neutral” rating in a report on Wednesday, July 8th. Evercore reissued an “outperform” rating and issued a $374.00 price objective on shares of Chubb in a research note on Friday, July 10th. Mizuho raised their target price on Chubb from $335.00 to $352.00 and gave the company a “neutral” rating in a report on Thursday, July 9th. Finally, Atlantic Securities set a $301.00 target price on Chubb in a research report on Wednesday, July 15th. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $361.00.

Insider Buying and Selling

In other news, COO John W. Keogh sold 23,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $321.51, for a total value of $7,394,730.00. Following the completion of the transaction, the chief operating officer directly owned 203,322 shares of the company’s stock, valued at $65,370,056.22. This represents a 10.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Joseph F. Wayland sold 8,502 shares of the stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $364.54, for a total value of $3,099,319.08. Following the sale, the executive vice president directly owned 33,749 shares of the company’s stock, valued at $12,302,860.46. The trade was a 20.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.37% of the stock is owned by insiders.

Chubb Stock Performance

Shares of CB stock opened at $345.63 on Tuesday. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.29 and a quick ratio of 0.29. The firm has a 50-day moving average of $346.25 and a 200-day moving average of $333.69. Chubb Limited has a one year low of $265.30 and a one year high of $365.91. The company has a market cap of $133.34 billion, a P/E ratio of 12.23, a P/E/G ratio of 1.65 and a beta of 0.39.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $7.26 earnings per share for the quarter, topping the consensus estimate of $6.77 by $0.49. Chubb had a net margin of 18.10% and a return on equity of 14.47%. The business had revenue of $11.97 billion for the quarter, compared to analysts’ expectations of $15.07 billion. During the same period in the previous year, the company earned $6.14 earnings per share. The firm’s revenue for the quarter was up 3.6% compared to the same quarter last year. Equities research analysts forecast that Chubb Limited will post 27.49 EPS for the current fiscal year.

Chubb Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 11th will be paid a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Friday, September 11th. Chubb’s payout ratio is presently 14.43%.

About Chubb

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.