Hancock Whitney Corp Buys 107 Shares of Chubb Limited (NYSE:CB)

Hancock Whitney Corp raised its holdings in Chubb Limited (NYSE:CB) by 2.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,374 shares of the financial services provider’s stock after acquiring an additional 107 shares during the quarter. Hancock Whitney Corp’s holdings in Chubb were worth $1,133,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in CB. Capital World Investors increased its holdings in shares of Chubb by 6.6% during the first quarter. Capital World Investors now owns 10,997,092 shares of the financial services provider’s stock worth $2,849,677,000 after purchasing an additional 685,677 shares during the period. Capital Research Global Investors grew its stake in shares of Chubb by 44.4% in the first quarter. Capital Research Global Investors now owns 6,713,331 shares of the financial services provider’s stock worth $1,739,625,000 after purchasing an additional 2,064,730 shares during the last quarter. Norges Bank acquired a new stake in Chubb in the fourth quarter valued at $957,756,000. Lazard Asset Management LLC raised its position in Chubb by 14.8% during the 1st quarter. Lazard Asset Management LLC now owns 3,543,763 shares of the financial services provider’s stock worth $918,294,000 after purchasing an additional 457,881 shares during the last quarter. Finally, Ontario Teachers Pension Plan Board lifted its holdings in Chubb by 0.9% during the 4th quarter. Ontario Teachers Pension Plan Board now owns 2,698,582 shares of the financial services provider’s stock worth $609,880,000 after buying an additional 24,323 shares during the period. Institutional investors own 83.81% of the company’s stock.

Chubb Trading Down 1.1 %

Shares of CB stock traded down $3.08 during trading hours on Friday, reaching $268.87. The company’s stock had a trading volume of 386,600 shares, compared to its average volume of 1,634,624. The company has a current ratio of 0.31, a quick ratio of 0.29 and a debt-to-equity ratio of 0.20. Chubb Limited has a one year low of $198.10 and a one year high of $277.91. The stock has a market capitalization of $108.60 billion, a P/E ratio of 12.12, a P/E/G ratio of 5.28 and a beta of 0.66. The firm’s fifty day simple moving average is $262.75 and its 200 day simple moving average is $254.74.

Chubb (NYSE:CB) last issued its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $5.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.04 by $0.34. Chubb had a net margin of 18.14% and a return on equity of 15.77%. The business had revenue of $13.36 billion for the quarter, compared to the consensus estimate of $13.04 billion. During the same period in the previous year, the firm earned $4.92 EPS. The company’s quarterly revenue was up 11.8% compared to the same quarter last year. Equities research analysts expect that Chubb Limited will post 21.15 EPS for the current year.

Chubb Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 5th. Stockholders of record on Friday, June 14th were paid a $0.91 dividend. The ex-dividend date of this dividend was Friday, June 14th. This represents a $3.64 annualized dividend and a dividend yield of 1.35%. This is a boost from Chubb’s previous quarterly dividend of $0.86. Chubb’s payout ratio is currently 16.16%.

Insider Activity at Chubb

In other news, 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 transaction of $8,745,469.86. Following the completion of the transaction, the chief operating officer now directly owns 284,136 shares of the company’s stock, valued at $71,596,589.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, COO John W. Keogh sold 34,707 shares of the firm’s stock in a transaction dated 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 owns 284,136 shares of the company’s stock, valued at $71,596,589.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Annmarie T. Hagan sold 1,529 shares of the firm’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $263.81, for a total transaction of $403,365.49. Following the completion of the transaction, the chief accounting officer now directly owns 7,718 shares in the company, valued at approximately $2,036,085.58. The disclosure for this sale can be found here. Insiders have sold 47,552 shares of company stock valued at $12,149,985 over the last ninety days. Insiders own 0.86% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on CB. Roth Mkm increased their price target on Chubb from $280.00 to $300.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Evercore ISI raised their price target on shares of Chubb from $270.00 to $281.00 and gave the stock an “outperform” rating in a report on Thursday, April 11th. Royal Bank of Canada upped their price objective on shares of Chubb from $285.00 to $295.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Morgan Stanley lowered their target price on Chubb from $260.00 to $259.00 and set an “equal weight” rating for the company in a report on Wednesday, July 10th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Chubb from $304.00 to $305.00 and gave the company an “outperform” rating in a research report on Monday. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $270.79.

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.