BankPlus Trust Department Buys 428 Shares of Chubb Limited $CB

BankPlus Trust Department increased its holdings in shares of Chubb Limited (NYSE:CB) by 49.7% during the 2nd quarter, HoldingsChannel reports. The fund owned 1,289 shares of the financial services provider’s stock after buying an additional 428 shares during the period. BankPlus Trust Department’s holdings in Chubb were worth $373,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of CB. Brighton Jones LLC boosted its stake in Chubb by 12.8% during the fourth quarter. Brighton Jones LLC now owns 1,945 shares of the financial services provider’s stock worth $537,000 after acquiring an additional 221 shares in the last quarter. Revolve Wealth Partners LLC bought a new stake in Chubb during the fourth quarter worth about $205,000. OLD National Bancorp IN boosted its stake in Chubb by 4.3% during the first quarter. OLD National Bancorp IN now owns 4,213 shares of the financial services provider’s stock worth $1,272,000 after acquiring an additional 172 shares in the last quarter. Capital Investment Advisors LLC boosted its stake in Chubb by 7.2% during the first quarter. Capital Investment Advisors LLC now owns 4,111 shares of the financial services provider’s stock worth $1,242,000 after acquiring an additional 277 shares in the last quarter. Finally, Moss Adams Wealth Advisors LLC boosted its stake in Chubb by 17.0% during the first quarter. Moss Adams Wealth Advisors LLC now owns 1,102 shares of the financial services provider’s stock worth $334,000 after acquiring an additional 160 shares in the last quarter. Institutional investors own 83.81% of the company’s stock.

Insiders Place Their Bets

In other Chubb news, Director Michael Corbat bought 425 shares of Chubb stock in a transaction on Friday, July 25th. The stock was acquired at an average cost of $269.80 per share, with a total value of $114,665.00. Following the completion of the acquisition, the director owned 2,450 shares in the company, valued at approximately $661,010. This represents a 20.99% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.86% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on CB shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Chubb in a research note on Saturday, September 27th. Citigroup started coverage on shares of Chubb in a research note on Wednesday, August 13th. They issued a “buy” rating and a $326.00 target price on the stock. UBS Group dropped their target price on shares of Chubb from $304.00 to $292.00 and set a “neutral” rating on the stock in a research note on Monday, July 28th. Evercore ISI upped their target price on shares of Chubb from $312.00 to $315.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 1st. Finally, Piper Sandler reiterated a “neutral” rating and issued a $283.00 target price (down previously from $335.00) on shares of Chubb in a research note on Thursday, July 24th. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Chubb presently has a consensus rating of “Hold” and a consensus target price of $303.72.

Chubb Stock Up 1.0%

Shares of Chubb stock opened at $289.24 on Wednesday. The company has a market cap of $115.32 billion, a price-to-earnings ratio of 12.76, a price-to-earnings-growth ratio of 3.23 and a beta of 0.54. The company’s 50 day moving average is $275.58 and its 200 day moving average is $282.08. Chubb Limited has a twelve month low of $252.16 and a twelve month high of $306.91. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.18.

Chubb (NYSE:CB) last issued its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $6.14 earnings per share for the quarter, beating analysts’ consensus estimates of $5.84 by $0.30. The company had revenue of $14.20 billion for the quarter, compared to the consensus estimate of $12.53 billion. Chubb had a net margin of 16.08% and a return on equity of 12.34%. The firm’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $5.38 earnings per share. Research analysts anticipate that Chubb Limited will post 21.52 EPS for the current year.

Chubb Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 3rd. Investors of record on Friday, September 12th were given a dividend of $0.97 per share. The ex-dividend date was Friday, September 12th. This represents a $3.88 dividend on an annualized basis and a yield of 1.3%. Chubb’s dividend payout ratio is 17.12%.

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.