Keybank National Association OH Sells 653 Shares of Chubb Limited $CB

Keybank National Association OH reduced its position in shares of Chubb Limited (NYSE:CB) by 1.9% in the second quarter, according to its most recent filing with the SEC. The fund owned 33,183 shares of the financial services provider’s stock after selling 653 shares during the quarter. Keybank National Association OH’s holdings in Chubb were worth $9,614,000 at the end of the most recent reporting period.

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

Chubb Stock Performance

CB stock opened at $277.13 on Friday. The company has a quick ratio of 0.28, a current ratio of 0.27 and a debt-to-equity ratio of 0.20. The business’s fifty day simple moving average is $277.80 and its two-hundred day simple moving average is $280.67. Chubb Limited has a twelve month low of $252.16 and a twelve month high of $306.91. The firm has a market cap of $109.07 billion, a price-to-earnings ratio of 11.57, a PEG ratio of 2.74 and a beta of 0.54.

Chubb (NYSE:CB) last released its earnings results on Tuesday, October 21st. The financial services provider reported $7.49 earnings per share for the quarter, topping analysts’ consensus estimates of $5.51 by $1.98. Chubb had a return on equity of 12.93% and a net margin of 16.53%.The business had revenue of $14.87 billion for the quarter, compared to analyst estimates of $12.95 billion. During the same quarter last year, the firm posted $5.72 earnings per share. The business’s revenue was up 7.5% compared to the same quarter last year. Analysts predict that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 3rd. Investors of record on Friday, September 12th were issued a $0.97 dividend. This represents a $3.88 annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Friday, September 12th. Chubb’s payout ratio is presently 16.19%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on CB. Hsbc Global Res downgraded Chubb from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 1st. Bank of America raised their price target on Chubb from $276.00 to $279.00 and gave the stock an “underperform” rating in a research report on Monday, October 13th. JPMorgan Chase & Co. raised their price target on Chubb from $321.00 to $327.00 and gave the stock a “neutral” rating in a research report on Thursday, October 9th. Barclays raised their price target on Chubb from $298.00 to $310.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 8th. Finally, Morgan Stanley lowered their price target on Chubb from $300.00 to $295.00 and set an “equal weight” rating for the company in a research report on Monday, August 18th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $307.79.

Insider Buying and Selling at Chubb

In related news, insider John J. Lupica sold 23,698 shares of Chubb stock in a transaction dated Monday, October 27th. The stock was sold at an average price of $281.00, for a total value of $6,659,138.00. Following the completion of the sale, the insider directly owned 90,600 shares in the company, valued at $25,458,600. The trade was a 20.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.77% of the stock is owned by insiders.

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.