Heritage Trust Co Cuts Stake in Chubb Limited $CB

Heritage Trust Co lowered its position in shares of Chubb Limited (NYSE:CB) by 25.3% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 5,296 shares of the financial services provider’s stock after selling 1,792 shares during the period. Heritage Trust Co’s holdings in Chubb were worth $1,653,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in CB. Camden National Bank grew its stake in Chubb by 0.3% in the fourth quarter. Camden National Bank now owns 44,583 shares of the financial services provider’s stock valued at $13,915,000 after purchasing an additional 128 shares during the last quarter. Beto Financial Group LLC purchased a new position in Chubb in the fourth quarter valued at about $205,000. Fielder Capital Group LLC grew its stake in Chubb by 31.0% in the fourth quarter. Fielder Capital Group LLC now owns 1,187 shares of the financial services provider’s stock valued at $370,000 after purchasing an additional 281 shares during the last quarter. Vantus Wealth LLC purchased a new position in Chubb in the fourth quarter valued at about $214,000. Finally, Spinnaker Trust grew its stake in Chubb by 1.8% in the fourth quarter. Spinnaker Trust now owns 3,763 shares of the financial services provider’s stock valued at $1,175,000 after purchasing an additional 65 shares during the last quarter. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Insider Transactions at Chubb

In related news, Director Olivier Steimer sold 2,000 shares of Chubb stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $329.30, for a total transaction of $658,600.00. Following the completion of the sale, the director owned 25,468 shares of the company’s stock, valued at $8,386,612.40. The trade was a 7.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO John W. Keogh sold 23,000 shares of Chubb stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $321.51, for a total value of $7,394,730.00. Following the sale, the chief operating officer directly owned 203,322 shares of the company’s stock, valued at $65,370,056.22. This trade represents a 10.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.37% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on CB shares. Bank of America cut their target price on Chubb from $286.00 to $271.00 and set an “underperform” rating on the stock in a research note on Tuesday, April 14th. Mizuho cut their target price on Chubb from $336.00 to $335.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 14th. The Goldman Sachs Group lifted their target price on Chubb from $368.00 to $372.00 and gave the company a “buy” rating in a research note on Tuesday, April 7th. JPMorgan Chase & Co. lifted their target price on Chubb from $330.00 to $340.00 and gave the company a “neutral” rating in a research note on Monday, April 20th. Finally, BMO Capital Markets lifted their target price on Chubb from $326.00 to $339.00 and gave the company a “market perform” rating in a research note on Friday, April 24th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Chubb presently has an average rating of “Moderate Buy” and an average price target of $349.90.

Chubb Trading Down 0.5%

Chubb stock opened at $310.32 on Tuesday. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.20. Chubb Limited has a 52 week low of $264.10 and a 52 week high of $345.67. The company has a market capitalization of $120.36 billion, a price-to-earnings ratio of 10.96, a price-to-earnings-growth ratio of 1.59 and a beta of 0.43. The stock has a 50-day moving average price of $325.31 and a 200 day moving average price of $317.44.

Chubb (NYSE:CB) last released its earnings results on Tuesday, March 31st. The financial services provider reported $6.82 EPS for the quarter. Chubb had a return on equity of 14.30% and a net margin of 18.58%.The firm had revenue of $14.93 billion during the quarter. Sell-side analysts anticipate that Chubb Limited will post 26.8 EPS for the current year.

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.