First Citizens Bank & Trust Co. Has $492,000 Stake in Chubb Limited (NYSE:CB)

First Citizens Bank & Trust Co. raised its stake in shares of Chubb Limited (NYSE:CBFree Report) by 8.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 2,175 shares of the financial services provider’s stock after purchasing an additional 167 shares during the period. First Citizens Bank & Trust Co.’s holdings in Chubb were worth $492,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in CB. Fairfield Bush & CO. acquired a new position in Chubb during the 1st quarter valued at about $195,000. Roundview Capital LLC boosted its stake in Chubb by 2.6% during the 1st quarter. Roundview Capital LLC now owns 4,165 shares of the financial services provider’s stock valued at $891,000 after purchasing an additional 106 shares during the last quarter. Sequoia Financial Advisors LLC boosted its stake in Chubb by 59.8% during the 1st quarter. Sequoia Financial Advisors LLC now owns 3,029 shares of the financial services provider’s stock valued at $648,000 after purchasing an additional 1,134 shares during the last quarter. Brighton Jones LLC boosted its stake in Chubb by 18.7% during the 1st quarter. Brighton Jones LLC now owns 1,287 shares of the financial services provider’s stock valued at $276,000 after purchasing an additional 203 shares during the last quarter. Finally, Baird Financial Group Inc. lifted its position in shares of Chubb by 22.0% during the 1st quarter. Baird Financial Group Inc. now owns 154,794 shares of the financial services provider’s stock worth $33,110,000 after buying an additional 27,926 shares in the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Insider Buying and Selling at Chubb

In other news, CAO Annmarie T. Hagan sold 7,180 shares of the business’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $245.04, for a total transaction of $1,759,387.20. Following the completion of the transaction, the chief accounting officer now directly owns 6,105 shares in the company, valued at approximately $1,495,969.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CAO Annmarie T. Hagan sold 7,180 shares of the business’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $245.04, for a total transaction of $1,759,387.20. Following the completion of the transaction, the chief accounting officer now directly owns 6,105 shares in the company, valued at approximately $1,495,969.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Timothy Alan Boroughs sold 14,303 shares of the business’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $258.78, for a total transaction of $3,701,330.34. Following the transaction, the executive vice president now owns 35,662 shares of the company’s stock, valued at $9,228,612.36. The disclosure for this sale can be found here. Insiders have sold 116,043 shares of company stock valued at $29,766,694 in the last 90 days. 0.37% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. The Goldman Sachs Group cut shares of Chubb from a “buy” rating to a “neutral” rating and set a $222.00 target price on the stock. in a research report on Monday, January 8th. Wells Fargo & Company lifted their target price on shares of Chubb from $234.00 to $255.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 1st. Raymond James lifted their target price on shares of Chubb from $270.00 to $285.00 and gave the stock a “strong-buy” rating in a research report on Thursday, February 1st. JMP Securities lifted their target price on shares of Chubb from $250.00 to $280.00 and gave the stock a “market outperform” rating in a research report on Wednesday, January 31st. Finally, HSBC assumed coverage on shares of Chubb in a research report on Thursday, December 28th. They set a “buy” rating and a $263.00 target price on the stock. Nine investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $257.56.

View Our Latest Research Report on Chubb

Chubb Trading Down 0.4 %

Shares of CB stock opened at $256.40 on Wednesday. The company’s fifty day simple moving average is $251.26 and its two-hundred day simple moving average is $230.85. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.29 and a quick ratio of 0.29. Chubb Limited has a 1 year low of $183.71 and a 1 year high of $260.58. The stock has a market capitalization of $104.04 billion, a price-to-earnings ratio of 11.75, a PEG ratio of 1.22 and a beta of 0.62.

Chubb (NYSE:CBGet Free Report) last issued its earnings results on Tuesday, January 30th. The financial services provider reported $8.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.07 by $3.23. Chubb had a net margin of 18.11% and a return on equity of 16.45%. The business had revenue of $13.38 billion for the quarter, compared to analysts’ expectations of $12.88 billion. As a group, analysts anticipate that Chubb Limited will post 21.16 earnings per share for the current year.

Chubb Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 5th. Shareholders of record on Friday, March 15th will be issued a dividend of $0.86 per share. The ex-dividend date is Thursday, March 14th. This represents a $3.44 dividend on an annualized basis and a yield of 1.34%. Chubb’s payout ratio is 15.76%.

Chubb Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Chubb (NYSE:CB)

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