Field & Main Bank Boosts Stock Holdings in Chubb Limited (NYSE:CB)

Field & Main Bank boosted its position in shares of Chubb Limited (NYSE:CB) by 6.0% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 4,655 shares of the financial services provider’s stock after buying an additional 265 shares during the period. Field & Main Bank’s holdings in Chubb were worth $1,052,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. MCF Advisors LLC increased its position in shares of Chubb by 4.2% during the fourth quarter. MCF Advisors LLC now owns 1,046 shares of the financial services provider’s stock worth $237,000 after purchasing an additional 42 shares in the last quarter. AdvisorNet Financial Inc grew its holdings in shares of Chubb by 5.2% during the fourth quarter. AdvisorNet Financial Inc now owns 886 shares of the financial services provider’s stock worth $200,000 after buying an additional 44 shares during the last quarter. Valley National Advisers Inc. grew its holdings in shares of Chubb by 0.9% during the fourth quarter. Valley National Advisers Inc. now owns 5,113 shares of the financial services provider’s stock worth $1,155,000 after buying an additional 44 shares during the last quarter. Sfmg LLC grew its holdings in shares of Chubb by 3.0% during the fourth quarter. Sfmg LLC now owns 1,533 shares of the financial services provider’s stock worth $346,000 after buying an additional 45 shares during the last quarter. Finally, Regent Peak Wealth Advisors LLC grew its holdings in shares of Chubb by 3.9% during the third quarter. Regent Peak Wealth Advisors LLC now owns 1,244 shares of the financial services provider’s stock worth $259,000 after buying an additional 47 shares during the last quarter. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Chubb Price Performance

Shares of NYSE:CB traded up $3.77 during trading on Monday, hitting $249.22. 2,182,981 shares of the stock were exchanged, compared to its average volume of 1,754,563. The company has a fifty day moving average price of $252.29 and a two-hundred day moving average price of $236.17. The company has a market cap of $101.18 billion, a PE ratio of 11.06, a P/E/G ratio of 1.16 and a beta of 0.62. The company has a current ratio of 0.35, a quick ratio of 0.29 and a debt-to-equity ratio of 0.20. Chubb Limited has a 12-month low of $183.71 and a 12-month high of $260.58.

Chubb (NYSE:CB) last announced its quarterly earnings results on Tuesday, April 23rd. The financial services provider reported $5.41 EPS for the quarter, topping the consensus estimate of $5.29 by $0.12. The business had revenue of $12.22 billion for the quarter, compared to analyst estimates of $11.75 billion. Chubb had a return on equity of 16.29% and a net margin of 17.99%. The company’s quarterly revenue was up 14.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $4.41 EPS. On average, analysts forecast that Chubb Limited will post 21.17 EPS for the current year.

Chubb Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Friday, March 15th were given a dividend of $0.86 per share. The ex-dividend date was Thursday, March 14th. This represents a $3.44 annualized dividend and a dividend yield of 1.38%. Chubb’s dividend payout ratio is currently 15.27%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. JMP Securities reissued a “market outperform” rating and set a $280.00 price target on shares of Chubb in a report on Monday, April 15th. Piper Sandler reissued an “overweight” rating and set a $282.00 price target on shares of Chubb in a report on Monday, April 1st. Keefe, Bruyette & Woods raised their price target on Chubb from $275.00 to $297.00 and gave the stock an “outperform” rating in a report on Wednesday, April 10th. Raymond James raised their price target on Chubb from $270.00 to $285.00 and gave the stock a “strong-buy” rating in a report on Thursday, February 1st. Finally, StockNews.com lowered Chubb from a “buy” rating to a “hold” rating in a report on Wednesday, April 24th. Ten investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Chubb currently has an average rating of “Moderate Buy” and a consensus price target of $266.89.

Insider Buying and Selling

In related news, CAO Annmarie T. Hagan sold 7,180 shares of Chubb stock in a transaction that occurred on Thursday, February 1st. The stock was 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Chubb news, insider John J. Lupica sold 34,464 shares of the business’s stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $258.92, for a total value of $8,923,418.88. Following the completion of the transaction, the insider now directly owns 130,937 shares in the company, valued at approximately $33,902,208.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 value of $1,759,387.20. Following the completion of the transaction, the chief accounting officer now owns 6,105 shares of the company’s stock, valued at $1,495,969.20. The disclosure for this sale can be found here. Insiders sold 116,043 shares of company stock worth $29,766,694 in the last ninety days. Insiders own 0.86% of the company’s stock.

About Chubb

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.