Webster Bank N. A. trimmed its holdings in Chubb Ltd (NYSE:CB) by 3.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 28,582 shares of the financial services provider’s stock after selling 893 shares during the quarter. Webster Bank N. A.’s holdings in Chubb were worth $3,820,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Atlantic Trust LLC bought a new position in shares of Chubb during the 2nd quarter valued at approximately $102,000. ELM Advisors LLC bought a new position in shares of Chubb during the 3rd quarter valued at approximately $103,000. Clarus Wealth Advisors bought a new position in shares of Chubb during the 2nd quarter valued at approximately $113,000. FNY Investment Advisers LLC bought a new position in shares of Chubb during the 2nd quarter valued at approximately $127,000. Finally, Edge Wealth Management LLC bought a new position in shares of Chubb during the 2nd quarter valued at approximately $133,000. Institutional investors and hedge funds own 85.75% of the company’s stock.

NYSE:CB opened at $126.25 on Friday. Chubb Ltd has a fifty-two week low of $123.23 and a fifty-two week high of $157.50. The firm has a market cap of $61.91 billion, a P/E ratio of 15.72, a P/E/G ratio of 1.28 and a beta of 1.01. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.31 and a current ratio of 0.31.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, July 24th. The financial services provider reported $2.68 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.62 by $0.06. Chubb had a return on equity of 7.41% and a net margin of 11.53%. The company had revenue of $7.45 billion for the quarter, compared to analyst estimates of $7.30 billion. During the same quarter in the prior year, the firm posted $2.50 EPS. Chubb’s quarterly revenue was up 5.6% compared to the same quarter last year. Sell-side analysts forecast that Chubb Ltd will post 10.41 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, October 12th. Investors of record on Friday, September 21st were issued a dividend of $0.73 per share. The ex-dividend date was Thursday, September 20th. This represents a $2.92 annualized dividend and a yield of 2.31%. Chubb’s payout ratio is presently 36.36%.

In related news, insider Timothy Alan Boroughs sold 14,971 shares of the stock in a transaction on Thursday, September 20th. The stock was sold at an average price of $139.37, for a total transaction of $2,086,508.27. Following the sale, the insider now owns 202,794 shares in the company, valued at approximately $28,263,399.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Evan G. Greenberg sold 227,994 shares of the stock in a transaction on Wednesday, September 19th. The shares were sold at an average price of $140.29, for a total value of $31,985,278.26. Following the sale, the chief executive officer now owns 1,583,326 shares in the company, valued at approximately $222,124,804.54. The disclosure for this sale can be found here. Insiders have sold a total of 243,093 shares of company stock worth $34,089,733 in the last 90 days. 0.44% of the stock is currently owned by insiders.

A number of research analysts have recently commented on the company. Wells Fargo & Co reiterated a “buy” rating and set a $169.00 target price on shares of Chubb in a research report on Wednesday. Zacks Investment Research downgraded Chubb from a “hold” rating to a “sell” rating in a research report on Tuesday, September 25th. ValuEngine upgraded Chubb from a “sell” rating to a “hold” rating in a research report on Tuesday, September 4th. Deutsche Bank downgraded Chubb from a “hold” rating to a “sell” rating and lowered their target price for the company from $135.00 to $126.00 in a research report on Monday, August 13th. Finally, Credit Suisse Group assumed coverage on Chubb in a research report on Tuesday, August 7th. They set a “neutral” rating and a $150.00 target price for the company. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $160.09.

About Chubb

Chubb Limited, through its subsidiaries, provides insurance and reinsurance products worldwide. Its North America Commercial P&C Insurance segment offers commercial property, marine, general casualty, workers' compensation, package policies, and risk management; and professional lines, marine, construction, environmental, medical, cyber risk, and excess casualty, as well as group accident and health insurance to large, middle market, and small commercial businesses in the United States, Canada, and Bermuda.

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Institutional Ownership by Quarter for Chubb (NYSE:CB)

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