Oakworth Capital Inc. Acquires 183 Shares of Chubb Limited (NYSE:CB)

Oakworth Capital Inc. boosted its holdings in Chubb Limited (NYSE:CB) by 12.8% in the third quarter, Holdings Channel reports. The institutional investor owned 1,608 shares of the financial services provider’s stock after buying an additional 183 shares during the period. Oakworth Capital Inc.’s holdings in Chubb were worth $464,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. RFG Advisory LLC grew its position in shares of Chubb by 36.4% during the 1st quarter. RFG Advisory LLC now owns 1,423 shares of the financial services provider’s stock worth $369,000 after buying an additional 380 shares during the period. Global Assets Advisory LLC acquired a new stake in shares of Chubb during the 1st quarter worth approximately $3,869,000. Riverview Trust Co acquired a new stake in shares of Chubb during the 1st quarter worth approximately $63,000. Fermata Advisors LLC acquired a new stake in Chubb in the 1st quarter valued at $205,000. Finally, Dynamic Advisor Solutions LLC grew its position in Chubb by 1.9% in the 1st quarter. Dynamic Advisor Solutions LLC now owns 10,634 shares of the financial services provider’s stock valued at $2,756,000 after purchasing an additional 203 shares during the period. Institutional investors and hedge funds own 83.81% of the company’s stock.

Chubb Stock Down 0.1 %

Shares of NYSE CB opened at $297.61 on Tuesday. Chubb Limited has a 12 month low of $205.64 and a 12 month high of $302.05. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $120.85 billion, a price-to-earnings ratio of 13.22, a PEG ratio of 5.87 and a beta of 0.66. The business has a 50-day moving average of $285.39 and a 200-day moving average of $268.41.

Chubb (NYSE:CB) last issued its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $5.38 EPS for the quarter, topping the consensus estimate of $5.04 by $0.34. The company had revenue of $13.36 billion during the quarter, compared to analyst estimates of $13.04 billion. Chubb had a return on equity of 15.77% and a net margin of 18.14%. Chubb’s revenue was up 11.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.92 earnings per share. Sell-side analysts expect that Chubb Limited will post 21.32 earnings per share for the current fiscal year.

Chubb Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Friday, September 13th were given a $0.91 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $3.64 dividend on an annualized basis and a yield of 1.22%. Chubb’s payout ratio is 16.16%.

Insider Buying and Selling

In related news, CEO Evan G. Greenberg sold 30,318 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $289.60, for a total value of $8,780,092.80. Following the completion of the sale, the chief executive officer now owns 553,664 shares in the company, valued at $160,341,094.40. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Chubb news, insider John J. Lupica sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $285.49, for a total value of $4,282,350.00. Following the completion of the sale, the insider now owns 103,950 shares in the company, valued at approximately $29,676,685.50. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Evan G. Greenberg sold 30,318 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $289.60, for a total value of $8,780,092.80. Following the completion of the sale, the chief executive officer now owns 553,664 shares of the company’s stock, valued at $160,341,094.40. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 86,636 shares of company stock worth $24,874,208 in the last quarter. 0.86% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts have weighed in on CB shares. Morgan Stanley dropped their price objective on Chubb from $260.00 to $259.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 10th. Keefe, Bruyette & Woods lifted their target price on Chubb from $304.00 to $305.00 and gave the stock an “outperform” rating in a research note on Monday, July 29th. Roth Mkm lifted their price objective on Chubb from $280.00 to $300.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. JMP Securities reissued a “market outperform” rating and issued a $300.00 price objective on shares of Chubb in a report on Tuesday, October 15th. Finally, Bank of America lifted their price objective on Chubb from $275.00 to $282.00 and gave the stock an “underperform” rating in a report on Thursday, October 10th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Chubb has an average rating of “Hold” and an average target price of $282.37.

Chubb Company Profile

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.