Emprise Bank Sells 101 Shares of Chubb Limited $CB

Emprise Bank decreased its stake in shares of Chubb Limited (NYSE:CB) by 2.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,598 shares of the financial services provider’s stock after selling 101 shares during the period. Emprise Bank’s holdings in Chubb were worth $1,042,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Reyes Financial Architecture Inc. lifted its position in Chubb by 27.0% during the second quarter. Reyes Financial Architecture Inc. now owns 400 shares of the financial services provider’s stock valued at $116,000 after purchasing an additional 85 shares during the period. Czech National Bank lifted its position in Chubb by 6.4% during the second quarter. Czech National Bank now owns 91,095 shares of the financial services provider’s stock valued at $26,392,000 after purchasing an additional 5,502 shares during the period. MassMutual Private Wealth & Trust FSB lifted its position in Chubb by 1.0% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 100,298 shares of the financial services provider’s stock valued at $29,058,000 after purchasing an additional 987 shares during the period. Little House Capital LLC increased its holdings in Chubb by 163.9% during the second quarter. Little House Capital LLC now owns 6,167 shares of the financial services provider’s stock valued at $1,787,000 after buying an additional 3,830 shares during the last quarter. Finally, Everpar Advisors LLC increased its holdings in Chubb by 39.9% during the second quarter. Everpar Advisors LLC now owns 1,023 shares of the financial services provider’s stock valued at $296,000 after buying an additional 292 shares during the last quarter. Institutional investors own 83.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on CB shares. Morgan Stanley reduced their target price on shares of Chubb from $300.00 to $295.00 and set an “equal weight” rating for the company in a report on Monday, August 18th. HSBC cut shares of Chubb from a “buy” rating to a “hold” rating and reduced their target price for the company from $317.00 to $300.00 in a report on Friday, August 1st. Wolfe Research set a $320.00 target price on shares of Chubb and gave the company an “outperform” rating in a report on Monday. Citigroup started coverage on shares of Chubb in a report on Wednesday, August 13th. They set a “buy” rating and a $326.00 target price for the company. Finally, Cantor Fitzgerald raised shares of Chubb to a “hold” rating in a report on Wednesday, August 13th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $303.06.

Insider Buying and Selling at Chubb

In other Chubb news, Director Michael Corbat acquired 425 shares of the stock in a transaction on Friday, July 25th. The stock was acquired at an average price of $269.80 per share, for a total transaction of $114,665.00. Following the completion of the transaction, the director directly owned 2,450 shares of the company’s stock, valued at $661,010. This trade represents a 20.99% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider John J. Lupica sold 5,513 shares of the stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $290.06, for a total transaction of $1,599,100.78. Following the transaction, the insider owned 91,180 shares of the company’s stock, valued at $26,447,670.80. This trade represents a 5.70% decrease in their position. The disclosure for this sale can be found here. 0.86% of the stock is owned by company insiders.

Chubb Stock Performance

CB opened at $274.03 on Tuesday. The stock has a market capitalization of $109.25 billion, a price-to-earnings ratio of 12.09, a PEG ratio of 3.14 and a beta of 0.56. The company has a fifty day moving average of $274.26 and a 200 day moving average of $283.34. Chubb Limited has a fifty-two week low of $252.16 and a fifty-two week high of $306.91. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.28 and a current ratio of 0.28.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, July 22nd. The financial services provider reported $6.14 earnings per share for the quarter, beating the consensus estimate of $5.84 by $0.30. The company had revenue of $14.20 billion during the quarter, compared to analysts’ expectations of $12.53 billion. Chubb had a net margin of 16.08% and a return on equity of 12.34%. Chubb’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period last year, the company posted $5.38 earnings per share. As a group, sell-side analysts forecast that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 3rd. Shareholders of record on Friday, September 12th will be given a dividend of $0.97 per share. The ex-dividend date is Friday, September 12th. This represents a $3.88 annualized dividend and a yield of 1.4%. Chubb’s dividend payout ratio (DPR) is 17.12%.

Chubb Profile

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.