First Hawaiian Bank purchased a new position in Chubb Ltd (NYSE:CB) during the third quarter, HoldingsChannel.com reports. The fund purchased 8,785 shares of the financial services provider’s stock, valued at approximately $1,174,000.

Other institutional investors have also recently made changes to their positions in the company. Atlantic Trust LLC purchased a new stake in shares of Chubb in the 2nd quarter worth about $102,000. ELM Advisors LLC purchased a new stake in shares of Chubb in the 3rd quarter worth about $103,000. Clarus Wealth Advisors purchased a new stake in shares of Chubb in the 2nd quarter worth about $113,000. FNY Investment Advisers LLC purchased a new stake in shares of Chubb in the 2nd quarter worth about $127,000. Finally, Edge Wealth Management LLC purchased a new stake in shares of Chubb in the 2nd quarter worth about $133,000. 85.56% of the stock is currently owned by institutional investors and hedge funds.

In other Chubb news, CEO Evan G. Greenberg sold 227,994 shares of Chubb stock in a transaction dated Wednesday, September 19th. The shares were sold at an average price of $140.29, for a total value of $31,985,278.26. Following the completion of the transaction, the chief executive officer now directly owns 1,583,326 shares of the company’s stock, valued at $222,124,804.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Timothy Alan Boroughs sold 14,971 shares of Chubb stock in a transaction dated Thursday, September 20th. The stock was sold at an average price of $139.37, for a total transaction of $2,086,508.27. Following the completion of the transaction, the insider now directly owns 202,794 shares of the company’s stock, valued at $28,263,399.78. The disclosure for this sale can be found here. Insiders sold 243,093 shares of company stock valued at $34,089,733 over the last ninety days. Corporate insiders own 0.44% of the company’s stock.

A number of brokerages recently issued reports on CB. Zacks Investment Research cut shares of Chubb from a “hold” rating to a “sell” rating in a research report on Tuesday, June 26th. Citigroup lowered their price target on shares of Chubb from $157.00 to $151.00 and set a “buy” rating for the company in a research report on Thursday, July 12th. Atlantic Securities raised shares of Chubb from an “underweight” rating to a “neutral” rating in a research report on Wednesday, June 27th. ValuEngine raised shares of Chubb from a “sell” rating to a “hold” rating in a research report on Thursday, August 2nd. Finally, Barclays lowered their price target on shares of Chubb from $175.00 to $170.00 and set an “overweight” rating for the company in a research report on Monday, July 9th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the company. Chubb has an average rating of “Hold” and a consensus price target of $159.45.

Shares of Chubb stock opened at $128.28 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.31 and a quick ratio of 0.31. The stock has a market capitalization of $58.78 billion, a price-to-earnings ratio of 15.82, a PEG ratio of 1.26 and a beta of 1.01. Chubb Ltd has a 52-week low of $123.23 and a 52-week high of $157.50.

Chubb (NYSE:CB) last issued its earnings results on Tuesday, July 24th. The financial services provider reported $2.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.62 by $0.06. The business had revenue of $7.45 billion during the quarter, compared to analysts’ expectations of $7.30 billion. Chubb had a net margin of 11.53% and a return on equity of 7.41%. The business’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same period in the previous year, the company earned $2.50 earnings per share. As a group, research analysts predict that Chubb Ltd will post 10.13 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, October 12th. Shareholders of record on Friday, September 21st were issued a $0.73 dividend. The ex-dividend date of this dividend was Thursday, September 20th. This represents a $2.92 annualized dividend and a yield of 2.28%. Chubb’s dividend payout ratio (DPR) is presently 36.36%.

Chubb Profile

Chubb Limited, through its subsidiaries, provides insurance and reinsurance products worldwide. Its North America Commercial P&C Insurance segment offers commercial property, marine, general casualty, workers' compensation, package policies, and risk management; and professional lines, marine, construction, environmental, medical, cyber risk, and excess casualty, as well as 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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