Chubb Limited $CB Stock: Inspire Trust Co. N.A. Increases Holdings

Inspire Trust Co. N.A. boosted its position in Chubb Limited (NYSE:CB) by 6.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 34,100 shares of the financial services provider’s stock after buying an additional 2,000 shares during the quarter. Chubb makes up about 1.3% of Inspire Trust Co. N.A.’s holdings, making the stock its 21st biggest position. Inspire Trust Co. N.A.’s holdings in Chubb were worth $11,091,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of CB. Bahl & Gaynor LLC increased its holdings in shares of Chubb by 12.2% during the 3rd quarter. Bahl & Gaynor LLC now owns 1,000 shares of the financial services provider’s stock worth $325,000 after purchasing an additional 109 shares during the period. Letson Investment Management Inc. lifted its stake in shares of Chubb by 1.2% in the third quarter. Letson Investment Management Inc. now owns 12,096 shares of the financial services provider’s stock valued at $3,934,000 after buying an additional 142 shares during the period. Confluence Wealth Services Inc. lifted its stake in shares of Chubb by 20.4% in the third quarter. Confluence Wealth Services Inc. now owns 26,170 shares of the financial services provider’s stock valued at $8,512,000 after buying an additional 4,429 shares during the period. AMG National Trust Bank lifted its stake in shares of Chubb by 4.0% in the third quarter. AMG National Trust Bank now owns 4,568 shares of the financial services provider’s stock valued at $1,486,000 after buying an additional 177 shares during the period. Finally, Cornerstone Wealth Management LLC grew its position in Chubb by 18.4% during the third quarter. Cornerstone Wealth Management LLC now owns 8,422 shares of the financial services provider’s stock worth $2,739,000 after buying an additional 1,311 shares in the last quarter. Institutional investors own 83.81% of the company’s stock.

Insiders Place Their Bets

In other Chubb news, CEO Evan G. Greenberg sold 13,889 shares of the company’s stock in a transaction dated Thursday, October 29th. The shares were sold at an average price of $360.02, for a total transaction of $5,000,317.78. Following the transaction, the chief executive officer directly owned 277,274 shares in the company, valued at approximately $99,824,185.48. This represents a 4.77% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Timothy Boroughs sold 13,596 shares of the company’s stock in a transaction dated Monday, October 26th. The shares were sold at an average price of $356.77, for a total transaction of $4,850,644.92. Following the transaction, the executive vice president owned 5,588 shares in the company, valued at approximately $1,993,630.76. The trade was a 70.87% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 32,985 shares of company stock valued at $11,748,463. 0.37% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have commented on CB shares. HSBC reiterated a “hold” rating and issued a $359.00 price objective on shares of Chubb in a research report on Wednesday, October 7th. JPMorgan Chase & Co. boosted their price objective on Chubb from $371.00 to $374.00 and gave the company a “neutral” rating in a research report on Friday, October 23rd. Citigroup restated a “buy” rating and issued a $405.00 target price (up from $395.00) on shares of Chubb in a research note on Wednesday, October 21st. UBS Group reaffirmed a “neutral” rating and issued a $380.00 target price on shares of Chubb in a research report on Monday, October 26th. Finally, Piper Sandler boosted their price target on shares of Chubb from $340.00 to $374.00 and gave the company a “neutral” rating in a report on Wednesday, July 15th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $362.78.

Chubb Price Performance

Shares of CB stock opened at $369.34 on Wednesday. The stock’s fifty day moving average is $347.10 and its 200-day moving average is $336.14. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.28 and a current ratio of 0.28. The stock has a market capitalization of $141.12 billion, a PE ratio of 12.92, a PEG ratio of 1.68 and a beta of 0.29. Chubb Limited has a 52 week low of $288.39 and a 52 week high of $384.26.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, October 20th. The financial services provider reported $7.66 EPS for the quarter, beating the consensus estimate of $6.77 by $0.89. Chubb had a net margin of 18.15% and a return on equity of 14.41%. The business had revenue of $16.20 billion for the quarter, compared to analysts’ expectations of $15.66 billion. During the same period in the prior year, the firm earned $7.49 earnings per share. Equities research analysts expect that Chubb Limited will post 28.89 EPS for the current fiscal year.

Chubb Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Friday, September 11th were issued a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Friday, September 11th. Chubb’s payout ratio is currently 14.28%.

Chubb Profile

Chubb Limited is a global insurance company that provides property and casualty insurance, accident and health coverage, life insurance, and reinsurance. Its customers include individuals, businesses, and institutions, with products ranging from personal and commercial coverage to specialized insurance solutions. The company serves customers across North America, Europe, Asia-Pacific, Latin America, and other markets. Its operations include underwriting, claims services, and risk management for a broad range of industries and personal insurance needs.