Coastline Trust Co lowered its holdings in shares of Chubb Ltd (NYSE:CB) by 3.0% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 35,290 shares of the financial services provider’s stock after selling 1,105 shares during the period. Coastline Trust Co’s holdings in Chubb were worth $4,716,000 as of its most recent filing with the SEC.

A number of other institutional investors have also bought and sold shares of the stock. ELM Advisors LLC bought a new stake in shares of Chubb during the third quarter worth approximately $103,000. Atlantic Trust LLC bought a new stake in shares of Chubb during the second quarter worth approximately $102,000. Clarus Wealth Advisors bought a new stake in shares of Chubb during the second quarter worth approximately $113,000. FNY Investment Advisers LLC bought a new stake in shares of Chubb during the second quarter worth approximately $127,000. Finally, Edge Wealth Management LLC bought a new stake in shares of Chubb during the second quarter worth approximately $133,000. Institutional investors and hedge funds own 85.75% of the company’s stock.

Shares of NYSE CB traded up $2.19 during midday trading on Wednesday, reaching $127.08. The company’s stock had a trading volume of 117,380 shares, compared to its average volume of 1,655,917. Chubb Ltd has a fifty-two week low of $123.23 and a fifty-two week high of $157.50. The company has a market cap of $61.91 billion, a price-to-earnings ratio of 15.68, a PEG ratio of 1.28 and a beta of 1.01. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.24.

Chubb (NYSE:CB) last announced its quarterly earnings results on Tuesday, July 24th. The financial services provider reported $2.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.62 by $0.06. The company had revenue of $7.45 billion during the quarter, compared to the consensus estimate of $7.30 billion. Chubb had a net margin of 11.53% and a return on equity of 7.41%. The company’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same period in the prior year, the business earned $2.50 earnings per share. On average, equities research analysts forecast that Chubb Ltd will post 10.41 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 12th. Investors of record on Friday, September 21st were paid a $0.73 dividend. The ex-dividend date was Thursday, September 20th. This represents a $2.92 annualized dividend and a dividend yield of 2.30%. Chubb’s dividend payout ratio is 36.36%.

A number of equities research analysts have recently issued reports on the company. Deutsche Bank cut Chubb from a “hold” rating to a “sell” rating and reduced their price objective for the stock from $135.00 to $126.00 in a report on Monday, August 13th. Atlantic Securities upgraded Chubb from an “underweight” rating to a “neutral” rating in a report on Wednesday, June 27th. Zacks Investment Research cut Chubb from a “hold” rating to a “sell” rating in a report on Tuesday, June 26th. Barclays reduced their price objective on Chubb from $175.00 to $170.00 and set an “overweight” rating for the company in a report on Monday, July 9th. Finally, ValuEngine upgraded Chubb from a “sell” rating to a “hold” rating in a report on Thursday, August 2nd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the company. Chubb presently has a consensus rating of “Hold” and an average target price of $159.45.

In related news, CEO Evan G. Greenberg sold 227,994 shares of the business’s 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 of the company’s stock, valued at $222,124,804.54. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Timothy Alan Boroughs sold 14,971 shares of the company’s stock in a transaction on Thursday, September 20th. The shares were sold at an average price of $139.37, for a total transaction of $2,086,508.27. Following the sale, the insider now directly owns 202,794 shares in the company, valued at approximately $28,263,399.78. The disclosure for this sale can be found here. In the last three months, insiders sold 243,093 shares of company stock worth $34,089,733. 0.44% of the stock is currently owned by insiders.

Chubb Company Profile

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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