Heritage Trust Co Trims Holdings in Chubb Limited $CB

Heritage Trust Co trimmed its position in Chubb Limited (NYSE:CB) by 25.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,296 shares of the financial services provider’s stock after selling 1,792 shares during the quarter. Heritage Trust Co’s holdings in Chubb were worth $1,653,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Spire Wealth Management grew its holdings in Chubb by 490.5% during the 4th quarter. Spire Wealth Management now owns 8,615 shares of the financial services provider’s stock valued at $2,689,000 after buying an additional 7,156 shares in the last quarter. Chesley Taft & Associates LLC grew its holdings in Chubb by 7.4% during the 4th quarter. Chesley Taft & Associates LLC now owns 102,427 shares of the financial services provider’s stock valued at $31,970,000 after buying an additional 7,043 shares in the last quarter. Pallas Capital Advisors LLC grew its holdings in Chubb by 42.3% during the 4th quarter. Pallas Capital Advisors LLC now owns 14,243 shares of the financial services provider’s stock valued at $4,446,000 after buying an additional 4,233 shares in the last quarter. waypoint wealth counsel grew its holdings in Chubb by 76.4% during the 4th quarter. waypoint wealth counsel now owns 4,118 shares of the financial services provider’s stock valued at $1,285,000 after buying an additional 1,784 shares in the last quarter. Finally, Caprock Group LLC purchased a new stake in Chubb during the 3rd quarter valued at approximately $3,123,000. 83.81% of the stock is owned by hedge funds and other institutional investors.

Chubb Stock Down 0.5%

Shares of CB opened at $310.32 on Tuesday. The company has a market cap of $120.36 billion, a PE ratio of 10.96, a P/E/G ratio of 1.59 and a beta of 0.43. The business has a fifty day moving average of $325.31 and a 200 day moving average of $317.44. Chubb Limited has a 52-week low of $264.10 and a 52-week high of $345.67. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.20.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, March 31st. The financial services provider reported $6.82 earnings per share (EPS) for the quarter. Chubb had a return on equity of 14.30% and a net margin of 18.58%.The company had revenue of $14.93 billion during the quarter. On average, sell-side analysts expect that Chubb Limited will post 26.8 EPS for the current year.

Insiders Place Their Bets

In other Chubb news, Director Olivier Steimer sold 2,000 shares of the stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $329.30, for a total value of $658,600.00. Following the sale, the director owned 25,468 shares in the company, valued at $8,386,612.40. This trade represents a 7.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO John W. Keogh sold 23,000 shares of the stock in a transaction 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 sale, the chief operating officer owned 203,322 shares in the company, valued at approximately $65,370,056.22. The trade was a 10.16% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.37% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on CB shares. Citigroup increased their price objective on shares of Chubb from $335.00 to $385.00 and gave the company a “buy” rating in a report on Monday, February 9th. Deutsche Bank Aktiengesellschaft increased their target price on Chubb from $304.00 to $330.00 and gave the company a “hold” rating in a research report on Monday, March 23rd. Wolfe Research increased their target price on Chubb from $372.00 to $373.00 and gave the company an “outperform” rating in a research report on Monday, April 6th. The Goldman Sachs Group increased their target price on Chubb from $368.00 to $372.00 and gave the company a “buy” rating in a research report on Tuesday, April 7th. Finally, Citizens Jmp increased their target price on Chubb from $350.00 to $365.00 and gave the company a “market outperform” rating in a research report on Wednesday, April 22nd. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $349.90.

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.