Hemenway Trust Co LLC Sells 140 Shares of Chubb Limited (NYSE:CB)

Hemenway Trust Co LLC lessened its holdings in Chubb Limited (NYSE:CB) by 6.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,080 shares of the financial services provider’s stock after selling 140 shares during the quarter. Hemenway Trust Co LLC’s holdings in Chubb were worth $539,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of CB. Toroso Investments LLC grew its stake in shares of Chubb by 6.7% during the 3rd quarter. Toroso Investments LLC now owns 5,648 shares of the financial services provider’s stock worth $1,176,000 after acquiring an additional 356 shares during the period. Townsquare Capital LLC increased its holdings in Chubb by 2.1% in the 3rd quarter. Townsquare Capital LLC now owns 5,141 shares of the financial services provider’s stock worth $1,070,000 after acquiring an additional 107 shares during the last quarter. Integrated Wealth Concepts LLC increased its holdings in Chubb by 1.4% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 6,949 shares of the financial services provider’s stock worth $1,447,000 after acquiring an additional 97 shares during the last quarter. Belpointe Asset Management LLC increased its holdings in Chubb by 16.8% in the 3rd quarter. Belpointe Asset Management LLC now owns 1,998 shares of the financial services provider’s stock worth $416,000 after acquiring an additional 287 shares during the last quarter. Finally, Public Sector Pension Investment Board increased its holdings in Chubb by 4.9% in the 3rd quarter. Public Sector Pension Investment Board now owns 95,581 shares of the financial services provider’s stock worth $19,898,000 after acquiring an additional 4,503 shares during the last quarter. Institutional investors own 83.81% of the company’s stock.

Chubb Price Performance

Shares of CB traded up $1.72 during trading hours on Thursday, reaching $258.04. 1,520,642 shares of the company’s stock traded hands, compared to its average volume of 1,653,202. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.21. The firm’s 50 day simple moving average is $260.45 and its 200-day simple moving average is $250.53. The stock has a market cap of $104.78 billion, a PE ratio of 11.45, a price-to-earnings-growth ratio of 6.11 and a beta of 0.66. Chubb Limited has a 12 month low of $186.52 and a 12 month high of $275.41.

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 analysts’ consensus estimates of $5.29 by $0.12. The business had revenue of $12.22 billion for the quarter, compared to analysts’ expectations of $11.75 billion. Chubb had a return on equity of 16.29% and a net margin of 17.99%. The business’s quarterly revenue was up 14.1% on a year-over-year basis. During the same period in the previous year, the firm earned $4.41 EPS. Equities analysts expect that Chubb Limited will post 21.03 EPS for the current year.

Chubb Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 5th. Shareholders of record on Friday, June 14th were paid a $0.91 dividend. This is a boost from Chubb’s previous quarterly dividend of $0.86. This represents a $3.64 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date of this dividend was Friday, June 14th. Chubb’s payout ratio is 16.16%.

Insiders Place Their Bets

In other Chubb news, COO John W. Keogh sold 34,707 shares of Chubb stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $251.98, for a total value of $8,745,469.86. Following the transaction, the chief operating officer now directly owns 284,136 shares of the company’s stock, valued at approximately $71,596,589.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Michael G. Atieh sold 716 shares of the business’s stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $269.70, for a total transaction of $193,105.20. Following the transaction, the director now directly owns 39,295 shares of the company’s stock, valued at $10,597,861.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, COO John W. Keogh sold 34,707 shares of the business’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $251.98, for a total value of $8,745,469.86. Following the transaction, the chief operating officer now directly owns 284,136 shares in the company, valued at $71,596,589.28. The disclosure for this sale can be found here. Insiders have sold 47,552 shares of company stock valued at $12,149,985 in the last ninety days. Company insiders own 0.86% of the company’s stock.

Wall Street Analysts Forecast Growth

CB has been the subject of several recent research reports. Morgan Stanley decreased their price objective on Chubb from $260.00 to $259.00 and set an “equal weight” rating for the company in a report on Wednesday. Bank of America raised Chubb from an “underperform” rating to a “neutral” rating and lifted their price objective for the stock from $244.00 to $266.00 in a report on Thursday, May 23rd. Citigroup restated a “neutral” rating and issued a $275.00 target price (up previously from $238.00) on shares of Chubb in a research note on Thursday, March 14th. Roth Mkm restated a “buy” rating and issued a $280.00 target price on shares of Chubb in a research note on Wednesday, April 24th. Finally, JMP Securities restated a “market outperform” rating and issued a $280.00 target price on shares of Chubb in a research note on Monday, April 15th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Chubb currently has an average rating of “Hold” and an average price target of $267.65.

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.