Whittier Trust Co. of Nevada Inc. Has $3.46 Million Stock Position in Chubb Limited $CB

Whittier Trust Co. of Nevada Inc. increased its position in Chubb Limited (NYSE:CB) by 3.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,937 shares of the financial services provider’s stock after purchasing an additional 428 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in Chubb were worth $3,458,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. North Capital Inc. acquired a new stake in Chubb in the first quarter worth about $26,000. IMA Advisory Services Inc. acquired a new stake in Chubb in the first quarter worth about $31,000. 1248 Management LLC acquired a new stake in Chubb in the first quarter worth about $31,000. WPG Advisers LLC acquired a new stake in Chubb in the first quarter worth about $33,000. Finally, Maseco LLP acquired a new stake in Chubb in the second quarter worth about $35,000. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Chubb Stock Up 0.4%

NYSE:CB opened at $269.37 on Wednesday. Chubb Limited has a 1 year low of $252.16 and a 1 year high of $306.91. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.18. The stock has a market cap of $107.40 billion, a price-to-earnings ratio of 11.88, a PEG ratio of 3.02 and a beta of 0.54. The stock has a 50-day moving average price of $277.33 and a two-hundred day moving average price of $280.77.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, October 21st. The financial services provider reported $7.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.51 by $1.98. Chubb had a return on equity of 12.34% and a net margin of 16.08%.The firm had revenue of $14.87 billion during the quarter, compared to analysts’ expectations of $12.95 billion. During the same period in the previous year, the firm earned $5.72 earnings per share. The company’s revenue was up 7.5% on a year-over-year basis. As a group, equities analysts expect that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 3rd. Stockholders of record on Friday, September 12th were issued a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date was Friday, September 12th. Chubb’s payout ratio is 17.12%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on CB. Keefe, Bruyette & Woods lifted their price objective on Chubb from $324.00 to $333.00 and gave the stock an “outperform” rating in a research note on Monday, October 6th. Cantor Fitzgerald raised Chubb to a “hold” rating in a research note on Wednesday, August 13th. Hsbc Global Res cut Chubb from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 1st. Citigroup began coverage on Chubb in a research note on Wednesday, August 13th. They set a “buy” rating and a $326.00 price objective for the company. Finally, Morgan Stanley decreased their price objective on Chubb from $300.00 to $295.00 and set an “equal weight” rating for the company in a research note on Monday, August 18th. 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 has an average rating of “Hold” and an average price target of $305.28.

Insider Buying and Selling at Chubb

In other news, Director Michael Corbat acquired 425 shares of Chubb stock in a transaction dated Friday, July 25th. The stock was bought at an average cost of $269.80 per share, with a total value of $114,665.00. Following the completion of the transaction, the director directly owned 2,450 shares of the company’s stock, valued at approximately $661,010. This represents a 20.99% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.86% of the stock is owned by corporate insiders.

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.