Trust Co. of Vermont Purchases Shares of 19,977 Chubb Limited $CB

Trust Co. of Vermont purchased a new position in shares of Chubb Limited (NYSE:CB) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 19,977 shares of the financial services provider’s stock, valued at approximately $6,807,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. CBIZ Investment Advisory Services LLC raised its position in shares of Chubb by 148.5% during the 4th quarter. CBIZ Investment Advisory Services LLC now owns 82 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 49 shares in the last quarter. Frazier Financial Advisors LLC boosted its holdings in Chubb by 86.4% in the first quarter. Frazier Financial Advisors LLC now owns 82 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 38 shares in the last quarter. Merkkuri Wealth Advisors LLC acquired a new position in Chubb in the first quarter valued at approximately $29,000. Laurel Wealth Advisors LLC purchased a new position in Chubb in the fourth quarter valued at approximately $31,000. Finally, Ares Financial Consulting LLC purchased a new position in Chubb in the fourth quarter valued at approximately $32,000. 83.81% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Chubb

In related news, COO John W. Keogh sold 23,000 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $321.51, for a total transaction of $7,394,730.00. Following the transaction, the chief operating officer owned 203,322 shares of the company’s stock, valued at $65,370,056.22. This trade represents a 10.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Joseph F. Wayland sold 8,502 shares of the business’s stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $364.54, for a total value of $3,099,319.08. Following the completion of the transaction, the executive vice president owned 33,749 shares in the company, valued at $12,302,860.46. This trade represents a 20.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.37% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

CB has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $354.00 price objective on shares of Chubb in a research report on Wednesday, July 22nd. Evercore reaffirmed an “outperform” rating and issued a $374.00 target price on shares of Chubb in a research report on Friday, July 10th. UBS Group lifted their price target on shares of Chubb from $340.00 to $369.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 8th. Wells Fargo & Company reduced their price target on shares of Chubb from $358.00 to $356.00 and set an “equal weight” rating for the company in a research report on Thursday, July 23rd. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Chubb from $374.00 to $389.00 and gave the company an “outperform” rating in a research note on Wednesday, July 8th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $360.09.

Chubb Price Performance

Shares of NYSE CB opened at $341.24 on Tuesday. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.22. Chubb Limited has a twelve month low of $265.30 and a twelve month high of $365.91. The stock has a 50 day moving average of $344.69 and a two-hundred day moving average of $332.47. The stock has a market cap of $131.65 billion, a P/E ratio of 12.07, a P/E/G ratio of 1.70 and a beta of 0.39.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $7.26 earnings per share for the quarter, beating the consensus estimate of $6.77 by $0.49. The business had revenue of $11.97 billion during the quarter, compared to the consensus estimate of $15.07 billion. Chubb had a return on equity of 14.47% and a net margin of 18.10%.The company’s revenue was up 3.6% compared to the same quarter last year. During the same period in the prior year, the company earned $6.14 earnings per share. On average, research analysts forecast that Chubb Limited will post 27.45 earnings per share for the current year.

Chubb Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 11th will be issued a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, September 11th. Chubb’s dividend payout ratio is presently 14.43%.

Chubb Company Profile

Chubb is a global property and casualty insurance company that underwrites a broad range of commercial and personal insurance products and related services. Its offerings include commercial property and casualty coverage, specialty liability, professional and management liability, cyber and technology insurance, marine and energy, surety, accident and health solutions, and high-net-worth personal lines such as homeowners, auto and valuables protection. Chubb serves businesses, individuals and institutions with tailored underwriting and risk-transfer solutions across multiple industry sectors.

In addition to core underwriting, Chubb provides risk engineering, loss control, claims management and risk consulting services intended to reduce loss severity and help clients manage exposures.