Security National Trust Co. Trims Stock Holdings in Chubb Ltd (NYSE:CB)

Security National Trust Co. reduced its stake in Chubb Ltd (NYSE:CB) by 5.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 19,583 shares of the financial services provider’s stock after selling 1,054 shares during the period. Security National Trust Co.’s holdings in Chubb were worth $2,884,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. BlackRock Inc. raised its holdings in Chubb by 0.7% in the 2nd quarter. BlackRock Inc. now owns 31,379,308 shares of the financial services provider’s stock valued at $4,621,858,000 after buying an additional 224,656 shares during the period. WCM Investment Management LLC grew its position in Chubb by 3.5% in the 2nd quarter. WCM Investment Management LLC now owns 14,532,774 shares of the financial services provider’s stock valued at $2,140,532,000 after acquiring an additional 493,424 shares in the last quarter. FMR LLC grew its position in Chubb by 0.6% in the 1st quarter. FMR LLC now owns 11,889,654 shares of the financial services provider’s stock valued at $1,665,503,000 after acquiring an additional 74,295 shares in the last quarter. Northern Trust Corp grew its position in Chubb by 2.4% in the 2nd quarter. Northern Trust Corp now owns 5,503,820 shares of the financial services provider’s stock valued at $810,658,000 after acquiring an additional 127,591 shares in the last quarter. Finally, Wells Fargo & Company MN grew its position in Chubb by 6.2% in the 2nd quarter. Wells Fargo & Company MN now owns 5,170,160 shares of the financial services provider’s stock valued at $761,512,000 after acquiring an additional 300,246 shares in the last quarter. Hedge funds and other institutional investors own 89.45% of the company’s stock.

In other news, insider John J. Lupica sold 6,000 shares of the business’s stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $158.15, for a total transaction of $948,900.00. Following the completion of the transaction, the insider now directly owns 168,037 shares of the company’s stock, valued at $26,575,051.55. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Joseph F. Wayland sold 6,500 shares of the business’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $158.05, for a total value of $1,027,325.00. Following the transaction, the executive vice president now directly owns 77,201 shares of the company’s stock, valued at $12,201,618.05. The disclosure for this sale can be found here. Over the last three months, insiders have sold 25,625 shares of company stock valued at $4,037,880. Corporate insiders own 0.47% of the company’s stock.



Several equities analysts have weighed in on CB shares. Barclays set a $185.00 target price on Chubb and gave the company a “buy” rating in a research report on Monday, August 12th. Raymond James reaffirmed a “strong-buy” rating and issued a $160.00 target price (up from $150.00) on shares of Chubb in a research report on Friday, July 5th. Compass Point downgraded Chubb from a “buy” rating to a “neutral” rating and dropped their target price for the company from $165.00 to $156.00 in a research report on Wednesday, May 29th. They noted that the move was a valuation call. Atlantic Securities downgraded Chubb from a “neutral” rating to an “underweight” rating and set a $135.00 target price for the company. in a research report on Thursday, June 20th. Finally, JMP Securities reaffirmed an “outperform” rating on shares of Chubb in a research report on Thursday, July 25th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. Chubb has a consensus rating of “Hold” and an average price target of $153.00.

Shares of Chubb stock traded up $1.13 on Tuesday, reaching $158.84. 1,678,658 shares of the company were exchanged, compared to its average volume of 1,513,158. Chubb Ltd has a 1-year low of $119.54 and a 1-year high of $162.19. The company has a market cap of $71.86 billion, a P/E ratio of 16.83, a price-to-earnings-growth ratio of 1.52 and a beta of 0.69. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.32 and a quick ratio of 0.32. The stock’s 50 day moving average price is $156.94 and its 200-day moving average price is $147.46.

Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $2.60 EPS for the quarter, topping the Zacks’ consensus estimate of $2.58 by $0.02. Chubb had a return on equity of 8.53% and a net margin of 11.00%. The business had revenue of $7.76 billion during the quarter, compared to the consensus estimate of $7.65 billion. During the same period in the previous year, the company posted $2.68 earnings per share. The business’s revenue for the quarter was up 4.2% on a year-over-year basis. On average, research analysts predict that Chubb Ltd will post 10.4 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 11th. Stockholders of record on Friday, September 20th will be given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date of this dividend is Thursday, September 19th. Chubb’s dividend payout ratio is presently 31.78%.

Chubb Profile

Chubb Limited, through its subsidiaries, provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, marine, general casualty, workers' compensation, package policies, and risk management; professional lines, marine, construction, environmental, medical, cyber risk, surety, and excess casualty; and group accident and health insurance to large, middle market, and small commercial businesses in the United States, Canada, and Bermuda.

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Institutional Ownership by Quarter for Chubb (NYSE:CB)

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