Chubb Limited $CB Stock Holdings Lowered by First Merchants Corp

First Merchants Corp decreased its position in shares of Chubb Limited (NYSE:CB) by 3.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 39,518 shares of the financial services provider’s stock after selling 1,466 shares during the quarter. First Merchants Corp’s holdings in Chubb were worth $12,853,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of CB. IMG Wealth Management Inc. acquired a new position in shares of Chubb in the 2nd quarter valued at approximately $25,000. Dunhill Financial LLC bought a new stake in shares of Chubb during the 2nd quarter worth approximately $25,000. Parvin Asset Management LLC bought a new stake in shares of Chubb during the 2nd quarter worth approximately $26,000. Highland Investment Advisors LLC acquired a new stake in shares of Chubb during the 2nd quarter worth approximately $26,000. Finally, Frazier Financial Advisors LLC boosted its position in shares of Chubb by 86.4% during the 1st 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. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently issued reports on CB shares. JPMorgan Chase & Co. decreased their price objective on shares of Chubb from $374.00 to $371.00 and set a “neutral” rating on the stock in a research note on Friday, October 9th. Evercore reissued an “outperform” rating and issued a $374.00 target price on shares of Chubb in a report on Friday, July 10th. UBS Group raised their price objective on Chubb from $340.00 to $369.00 and gave the company a “neutral” rating in a report on Wednesday, July 8th. Citizens Jmp reiterated a “market outperform” rating and set a $400.00 target price on shares of Chubb in a research report on Wednesday, July 22nd. Finally, Weiss Ratings lowered shares of Chubb from a “buy (a-)” rating to a “buy (b)” rating in a report on Friday, October 2nd. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Chubb currently has an average rating of “Hold” and an average price target of $358.36.

Chubb Stock Up 0.8%

Shares of NYSE:CB opened at $352.97 on Friday. The firm has a market cap of $136.18 billion, a P/E ratio of 12.04, a P/E/G ratio of 1.53 and a beta of 0.36. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.22. Chubb Limited has a 12-month low of $265.30 and a 12-month high of $365.91. The business has a fifty day simple moving average of $340.26 and a 200 day simple moving average of $336.22.

Chubb (NYSE:CB) last announced its earnings results on Tuesday, July 21st. The financial services provider reported $7.26 EPS for the quarter, topping the consensus estimate of $6.77 by $0.49. The firm had revenue of $11.97 billion for the quarter, compared to the consensus estimate of $15.07 billion. Chubb had a return on equity of 14.47% and a net margin of 18.10%. The business’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same period in the previous year, the business earned $6.14 EPS. Analysts predict that Chubb Limited will post 27.72 earnings per share for the current year.

Chubb Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Friday, September 11th were 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 of this dividend was Friday, September 11th. Chubb’s payout ratio is currently 14.43%.

Insider Activity at Chubb

In other news, EVP Joseph Wayland sold 8,502 shares of the company’s stock in a transaction 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 approximately $12,302,860.46. This represents a 20.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Michael P. Connors sold 5,500 shares of the stock in a transaction on Friday, August 21st. The stock was sold at an average price of $345.00, for a total transaction of $1,897,500.00. Following the sale, the director owned 12,803 shares of the company’s stock, valued at approximately $4,417,035. This trade represents a 30.05% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.37% of the company’s stock.

About Chubb

Chubb Limited (NYSE: CB) is a global insurance company that provides property and casualty, accident and health, life, and reinsurance products and services. Its offerings serve individuals, businesses, multinational corporations, and institutional customers.

The company provides commercial and personal property and casualty coverage, including general liability, commercial property, professional liability, cyber insurance, workers’ compensation, homeowners insurance, automobile coverage, and specialty insurance.