Raymond James Trust N.A. Buys 2,236 Shares of Chubb Limited (NYSE:CB)

Raymond James Trust N.A. grew its stake in Chubb Limited (NYSE:CB) by 4.8% in the 3rd quarter, Holdings Channel.com reports. The firm owned 48,984 shares of the financial services provider’s stock after purchasing an additional 2,236 shares during the period. Raymond James Trust N.A.’s holdings in Chubb were worth $14,126,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. First County Bank CT lifted its position in Chubb by 20.7% in the third quarter. First County Bank CT now owns 1,792 shares of the financial services provider’s stock worth $517,000 after buying an additional 307 shares during the last quarter. L & S Advisors Inc purchased a new stake in shares of Chubb in the third quarter valued at $8,623,000. Smithfield Trust Co lifted its holdings in shares of Chubb by 14.3% in the 3rd quarter. Smithfield Trust Co now owns 1,446 shares of the financial services provider’s stock worth $417,000 after acquiring an additional 181 shares during the last quarter. Pacer Advisors Inc. boosted its stake in shares of Chubb by 13.1% during the 3rd quarter. Pacer Advisors Inc. now owns 43,032 shares of the financial services provider’s stock worth $12,410,000 after purchasing an additional 4,980 shares during the period. Finally, Thompson Siegel & Walmsley LLC grew its holdings in Chubb by 5.6% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 2,371 shares of the financial services provider’s stock valued at $684,000 after purchasing an additional 125 shares during the last quarter. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Keefe, Bruyette & Woods raised their price objective on shares of Chubb from $305.00 to $320.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Bank of America raised their price target on Chubb from $275.00 to $282.00 and gave the stock an “underperform” rating in a research note on Thursday, October 10th. Wells Fargo & Company upped their price objective on Chubb from $266.00 to $268.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 5th. Evercore ISI lifted their target price on Chubb from $289.00 to $293.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Finally, Morgan Stanley boosted their target price on shares of Chubb from $295.00 to $300.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 30th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $287.37.

Chubb Stock Performance

Shares of NYSE:CB opened at $285.35 on Friday. The firm has a 50 day moving average of $287.54 and a 200 day moving average of $274.03. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $115.02 billion, a price-to-earnings ratio of 11.69, a price-to-earnings-growth ratio of 6.62 and a beta of 0.67. Chubb Limited has a 52 week low of $216.90 and a 52 week high of $302.05.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $5.72 EPS for the quarter, topping the consensus estimate of $4.98 by $0.74. Chubb had a return on equity of 15.46% and a net margin of 18.32%. The firm had revenue of $13.83 billion during the quarter, compared to analyst estimates of $14.16 billion. During the same period in the previous year, the company posted $4.95 EPS. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. On average, sell-side analysts predict that Chubb Limited will post 21.77 earnings per share for the current fiscal year.

Chubb Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 13th will be issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.28%. Chubb’s dividend payout ratio is currently 14.91%.

Insider Transactions at Chubb

In other Chubb news, Director Michael G. Atieh sold 261 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $287.49, for a total value of $75,034.89. Following the completion of the sale, the director now directly owns 39,172 shares in the company, valued at approximately $11,261,558.28. This trade represents a 0.66 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Evan G. Greenberg sold 30,537 shares of the business’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $287.25, for a total value of $8,771,753.25. Following the sale, the chief executive officer now owns 583,982 shares in the company, valued at $167,748,829.50. The trade was a 4.97 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 82,715 shares of company stock valued at $23,803,540 in the last 90 days. Insiders own 0.86% of the company’s stock.

Chubb Company 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.