Trust Co. of Virginia VA acquired a new stake in Chubb Ltd (NYSE:CB) during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 57,798 shares of the financial services provider’s stock, valued at approximately $8,097,000.

A number of other institutional investors also recently added to or reduced their stakes in the business. Buckley Wealth Management LLC boosted its holdings in shares of Chubb by 1.8% during the 1st quarter. Buckley Wealth Management LLC now owns 4,068 shares of the financial services provider’s stock worth $570,000 after buying an additional 73 shares during the period. Bollard Group LLC boosted its holdings in shares of Chubb by 6.2% during the 4th quarter. Bollard Group LLC now owns 1,290 shares of the financial services provider’s stock worth $167,000 after buying an additional 75 shares during the period. Selway Asset Management boosted its holdings in shares of Chubb by 0.4% during the 1st quarter. Selway Asset Management now owns 18,635 shares of the financial services provider’s stock worth $2,610,000 after buying an additional 75 shares during the period. Parkside Financial Bank & Trust boosted its holdings in shares of Chubb by 2.5% during the 4th quarter. Parkside Financial Bank & Trust now owns 3,188 shares of the financial services provider’s stock worth $412,000 after buying an additional 79 shares during the period. Finally, Atwood & Palmer Inc. boosted its holdings in shares of Chubb by 38.3% during the 4th quarter. Atwood & Palmer Inc. now owns 289 shares of the financial services provider’s stock worth $37,000 after buying an additional 80 shares during the period. Hedge funds and other institutional investors own 88.96% of the company’s stock.

In other news, insider Paul J. Krump sold 3,450 shares of the stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $145.00, for a total value of $500,250.00. Following the completion of the transaction, the insider now owns 139,160 shares in the company, valued at approximately $20,178,200. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider John J. Lupica sold 17,879 shares of the stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $134.95, for a total transaction of $2,412,771.05. Following the completion of the transaction, the insider now owns 192,265 shares of the company’s stock, valued at approximately $25,946,161.75. The disclosure for this sale can be found here. Over the last three months, insiders sold 25,766 shares of company stock valued at $3,523,173. Insiders own 0.47% of the company’s stock.

Several analysts recently issued reports on CB shares. Zacks Investment Research raised shares of Chubb from a “sell” rating to a “hold” rating in a report on Tuesday, May 14th. Morgan Stanley downgraded shares of Chubb from an “overweight” rating to an “equal weight” rating in a report on Wednesday, April 17th. Sandler O’Neill downgraded shares of Chubb from a “buy” rating to a “hold” rating in a report on Wednesday, April 3rd. Raymond James decreased their price objective on shares of Chubb from $160.00 to $150.00 and set an “outperform” rating for the company in a report on Monday, February 11th. Finally, Wells Fargo & Co reaffirmed a “buy” rating and set a $157.00 price objective on shares of Chubb in a report on Tuesday, April 30th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $151.00.

Chubb stock traded up $0.63 during mid-day trading on Tuesday, reaching $146.39. The company had a trading volume of 380,449 shares, compared to its average volume of 1,503,658. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.31 and a quick ratio of 0.31. Chubb Ltd has a 52 week low of $119.54 and a 52 week high of $146.31. The company has a market cap of $66.39 billion, a PE ratio of 15.51, a price-to-earnings-growth ratio of 1.38 and a beta of 0.82.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, April 30th. The financial services provider reported $2.54 earnings per share for the quarter, beating analysts’ consensus estimates of $2.49 by $0.05. Chubb had a net margin of 11.55% and a return on equity of 8.76%. The firm had revenue of $8.01 billion during the quarter, compared to the consensus estimate of $7.55 billion. During the same period in the prior year, the firm earned $2.34 EPS. Analysts expect that Chubb Ltd will post 10.53 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Shareholders of record on Friday, June 21st will be issued a $0.75 dividend. The ex-dividend date of this dividend is Thursday, June 20th. This is an increase from Chubb’s previous quarterly dividend of $0.73. This represents a $3.00 dividend on an annualized basis and a yield of 2.05%. Chubb’s dividend payout ratio is 30.93%.

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Chubb Profile

Chubb Limited, through its subsidiaries, provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, marine, general casualty, workers' compensation, package policies, and risk management; professional lines, marine, construction, environmental, medical, cyber risk, surety, and excess casualty; and group accident and health insurance to large, middle market, and small commercial businesses in the United States, Canada, and Bermuda.

Further Reading: Why Invest in Dividend Achievers?

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Institutional Ownership by Quarter for Chubb (NYSE:CB)

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