Chubb Limited (NYSE:CB) Stock Holdings Lessened by OLD National Bancorp IN

OLD National Bancorp IN cut its stake in shares of Chubb Limited (NYSE:CB) by 2.1% during the second quarter, HoldingsChannel.com reports. The firm owned 4,532 shares of the financial services provider’s stock after selling 96 shares during the period. OLD National Bancorp IN’s holdings in Chubb were worth $1,156,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Global Trust Asset Management LLC grew its stake in Chubb by 67.4% in the second quarter. Global Trust Asset Management LLC now owns 323 shares of the financial services provider’s stock valued at $82,000 after purchasing an additional 130 shares in the last quarter. Talbot Financial LLC boosted its holdings in Chubb by 1.4% in the second quarter. Talbot Financial LLC now owns 51,153 shares of the financial services provider’s stock worth $13,048,000 after purchasing an additional 700 shares in the last quarter. Tilia Fiduciary Partners Inc. boosted its stake in shares of Chubb by 4.7% during the 2nd quarter. Tilia Fiduciary Partners Inc. now owns 1,778 shares of the financial services provider’s stock worth $453,000 after acquiring an additional 80 shares in the last quarter. Symmetry Partners LLC increased its holdings in shares of Chubb by 2.3% during the 2nd quarter. Symmetry Partners LLC now owns 2,169 shares of the financial services provider’s stock valued at $553,000 after acquiring an additional 49 shares during the last quarter. Finally, Fortitude Family Office LLC raised its stake in shares of Chubb by 135.1% in the 2nd quarter. Fortitude Family Office LLC now owns 315 shares of the financial services provider’s stock valued at $80,000 after acquiring an additional 181 shares in the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on the company. Morgan Stanley lowered their price target on Chubb from $260.00 to $259.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 10th. JMP Securities raised their target price on shares of Chubb from $280.00 to $300.00 and gave the company a “market outperform” rating in a research note on Wednesday, July 24th. Keefe, Bruyette & Woods boosted their target price on shares of Chubb from $304.00 to $305.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th. Roth Mkm raised their price target on Chubb from $280.00 to $300.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. Finally, Royal Bank of Canada lifted their price objective on Chubb from $285.00 to $295.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $270.79.

Insider Buying and Selling at Chubb

In other news, CAO Annmarie T. Hagan sold 1,529 shares of the stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $263.81, for a total value of $403,365.49. Following the transaction, the chief accounting officer now owns 7,718 shares of the company’s stock, valued at approximately $2,036,085.58. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CAO Annmarie T. Hagan sold 1,529 shares of the stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $263.81, for a total value of $403,365.49. Following the sale, the chief accounting officer now directly owns 7,718 shares in the company, valued at approximately $2,036,085.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael G. Atieh sold 716 shares of Chubb 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 in the company, valued at approximately $10,597,861.50. The disclosure for this sale can be found here. In the last 90 days, insiders sold 12,845 shares of company stock worth $3,404,515. Insiders own 0.86% of the company’s stock.

Chubb Trading Up 0.4 %

Shares of CB traded up $1.00 during trading hours on Friday, hitting $270.22. 958,790 shares of the stock traded hands, compared to its average volume of 1,654,021. The business has a fifty day moving average of $263.18 and a 200-day moving average of $256.27. The company has a current ratio of 0.31, a quick ratio of 0.29 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $109.73 billion, a PE ratio of 11.99, a price-to-earnings-growth ratio of 5.21 and a beta of 0.66. Chubb Limited has a 1-year low of $198.10 and a 1-year high of $277.91.

Chubb (NYSE:CB) last released its earnings results 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 company had revenue of $13.36 billion for the quarter, compared to the consensus estimate of $13.04 billion. During the same period in the prior year, the company posted $4.92 EPS. The company’s revenue was up 11.8% compared to the same quarter last year. Analysts expect that Chubb Limited will post 21.15 EPS for the current year.

Chubb Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 4th. Shareholders of record on Friday, September 13th will be issued a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date is Friday, September 13th. Chubb’s dividend payout ratio is presently 16.16%.

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.