Commerce Bank Has $47.26 Million Stock Position in Chubb Limited (NYSE:CB)

Commerce Bank lifted its stake in Chubb Limited (NYSE:CB) by 2.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 209,102 shares of the financial services provider’s stock after purchasing an additional 5,345 shares during the quarter. Commerce Bank’s holdings in Chubb were worth $47,257,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. ZRC Wealth Management LLC acquired a new position in shares of Chubb in the 4th quarter valued at $29,000. Tennessee Valley Asset Management Partners acquired a new position in shares of Chubb in the 4th quarter valued at $32,000. Northwest Financial Advisors acquired a new position in shares of Chubb in the 4th quarter valued at $33,000. Naples Money Management LLC purchased a new stake in Chubb in the 4th quarter worth about $34,000. Finally, EdgeRock Capital LLC purchased a new stake in Chubb in the 4th quarter worth about $35,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Chubb Stock Performance

Shares of NYSE:CB traded down $3.86 during trading on Thursday, hitting $263.58. 941,172 shares of the stock were exchanged, compared to its average volume of 1,735,526. Chubb Limited has a 1-year low of $183.71 and a 1-year high of $275.41. The company has a market capitalization of $107.03 billion, a price-to-earnings ratio of 11.87, a price-to-earnings-growth ratio of 9.40 and a beta of 0.63. The company’s fifty day simple moving average is $253.50 and its 200-day simple moving average is $241.11. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.29 and a current ratio of 0.29.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, April 23rd. The financial services provider reported $5.41 EPS for the quarter, topping the consensus estimate of $5.29 by $0.12. The business had revenue of $12.22 billion during the quarter, compared to the consensus estimate of $11.75 billion. Chubb had a return on equity of 16.29% and a net margin of 17.99%. Chubb’s revenue was up 14.1% on a year-over-year basis. During the same quarter last year, the company earned $4.41 EPS. Sell-side analysts expect that Chubb Limited will post 21.21 EPS for the current fiscal year.

Chubb Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Friday, June 14th will be given a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 1.38%. The ex-dividend date is Friday, June 14th. This is an increase from Chubb’s previous quarterly dividend of $0.86. Chubb’s dividend payout ratio (DPR) is 15.27%.

Insider Buying and Selling

In related news, Director Michael G. Atieh sold 716 shares of the firm’s stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $269.70, for a total transaction of $193,105.20. Following the completion of the transaction, the director now owns 39,295 shares in the company, valued at approximately $10,597,861.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Chubb news, EVP Timothy Alan Boroughs sold 33,150 shares of Chubb stock in a transaction on Monday, February 26th. The stock was sold at an average price of $255.11, for a total value of $8,456,896.50. Following the completion of the transaction, the executive vice president now owns 50,486 shares in the company, valued at approximately $12,879,483.46. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Michael G. Atieh sold 716 shares of Chubb stock in a transaction on Friday, May 17th. The shares were sold at an average price of $269.70, for a total value of $193,105.20. Following the completion of the transaction, the director now owns 39,295 shares of the company’s stock, valued at approximately $10,597,861.50. The disclosure for this sale can be found here. Insiders sold 145,815 shares of company stock worth $37,349,247 in the last 90 days. 0.86% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on CB shares. Keefe, Bruyette & Woods reduced their price objective on Chubb from $297.00 to $294.00 and set an “outperform” rating for the company in a research note on Tuesday, May 7th. Bank of America raised Chubb from an “underperform” rating to a “neutral” rating and increased their price objective for the stock from $244.00 to $266.00 in a research note on Thursday. HSBC reissued a “hold” rating and issued a $270.00 price objective (down from $275.00) on shares of Chubb in a research note on Thursday, April 4th. UBS Group increased their price objective on Chubb from $245.00 to $256.00 and gave the stock a “neutral” rating in a research note on Monday, February 5th. Finally, StockNews.com downgraded Chubb from a “buy” rating to a “hold” rating in a research note on Wednesday, April 24th. Eleven research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $266.70.

About Chubb

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.