Busey Bank Sells 85 Shares of Chubb Limited (NYSE:CB)

Busey Bank trimmed its stake in shares of Chubb Limited (NYSE:CB) by 9.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 809 shares of the financial services provider’s stock after selling 85 shares during the quarter. Busey Bank’s holdings in Chubb were worth $206,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Elser Financial Planning Inc bought a new stake in shares of Chubb in the second quarter worth about $432,000. Fifth Third Wealth Advisors LLC grew its position in shares of Chubb by 129.5% in the 2nd quarter. Fifth Third Wealth Advisors LLC now owns 6,305 shares of the financial services provider’s stock worth $1,608,000 after buying an additional 3,558 shares during the last quarter. Amplius Wealth Advisors LLC grew its position in shares of Chubb by 11.3% in the 2nd quarter. Amplius Wealth Advisors LLC now owns 57,525 shares of the financial services provider’s stock worth $14,673,000 after buying an additional 5,818 shares during the last quarter. Security National Bank increased its stake in shares of Chubb by 0.6% during the second quarter. Security National Bank now owns 7,366 shares of the financial services provider’s stock valued at $1,879,000 after buying an additional 42 shares during the period. Finally, Aaron Wealth Advisors LLC raised its holdings in shares of Chubb by 46.8% during the second quarter. Aaron Wealth Advisors LLC now owns 1,596 shares of the financial services provider’s stock valued at $407,000 after acquiring an additional 509 shares in the last quarter. 83.81% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Chubb

In other Chubb news, EVP Juan Luis Ortega sold 3,921 shares of the stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $273.06, for a total value of $1,070,668.26. Following the transaction, the executive vice president now directly owns 44,632 shares in the company, valued at $12,187,213.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, EVP Peter C. Enns sold 8,200 shares of the stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $266.06, for a total value of $2,181,692.00. Following the completion of the sale, the executive vice president now directly owns 45,853 shares of the company’s stock, valued at $12,199,649.18. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Juan Luis Ortega sold 3,921 shares of Chubb stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $273.06, for a total transaction of $1,070,668.26. Following the transaction, the executive vice president now owns 44,632 shares in the company, valued at approximately $12,187,213.92. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 14,521 shares of company stock valued at $3,878,712. 0.86% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

CB has been the subject of several research reports. Keefe, Bruyette & Woods upped their price objective on shares of Chubb from $304.00 to $305.00 and gave the stock an “outperform” rating in a report on Monday, July 29th. JMP Securities lifted their price objective on Chubb from $280.00 to $300.00 and gave the company a “market outperform” rating in a research report on Wednesday, July 24th. Roth Mkm raised their target price on Chubb from $280.00 to $300.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. JPMorgan Chase & Co. upped their price target on Chubb from $266.00 to $286.00 and gave the stock a “neutral” rating in a research note on Thursday, July 11th. Finally, Morgan Stanley lowered their price objective on Chubb from $260.00 to $259.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 10th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $270.79.

Chubb Stock Performance

Shares of NYSE CB traded up $0.07 during trading on Thursday, reaching $272.14. 287,619 shares of the company traded hands, compared to its average volume of 1,616,006. The firm has a 50 day simple moving average of $264.19 and a 200-day simple moving average of $257.96. Chubb Limited has a 52-week low of $198.67 and a 52-week high of $277.91. The stock has a market capitalization of $110.51 billion, a PE ratio of 12.08, a P/E/G ratio of 5.21 and a beta of 0.66. The company has a quick ratio of 0.29, a current ratio of 0.31 and a debt-to-equity ratio of 0.20.

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

Chubb Announces Dividend

The company 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 $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date of this dividend is Friday, September 13th. Chubb’s dividend payout ratio is 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.