Chubb Limited (NYSE:CB) Shares Sold by WASHINGTON TRUST Co

WASHINGTON TRUST Co decreased its holdings in shares of Chubb Limited (NYSE:CB) by 2.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 53,065 shares of the financial services provider’s stock after selling 1,273 shares during the quarter. WASHINGTON TRUST Co’s holdings in Chubb were worth $15,304,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Pathway Financial Advisers LLC bought a new position in shares of Chubb during the first quarter worth about $25,000. Beacon Capital Management LLC increased its stake in shares of Chubb by 76.4% in the second quarter. Beacon Capital Management LLC now owns 97 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 42 shares during the period. Chilton Capital Management LLC bought a new stake in shares of Chubb during the second quarter valued at approximately $26,000. Strategic Financial Concepts LLC bought a new stake in shares of Chubb during the second quarter valued at approximately $28,000. Finally, Wellington Shields Capital Management LLC acquired a new position in shares of Chubb during the first quarter worth approximately $29,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Morgan Stanley cut their target price 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 increased their target price on shares of Chubb from $304.00 to $305.00 and gave the company an “outperform” rating in a research report on Monday, July 29th. Piper Sandler boosted their price target on shares of Chubb from $281.00 to $305.00 and gave the stock an “overweight” rating in a research report on Friday, October 4th. Barclays initiated coverage on shares of Chubb in a report on Wednesday, September 4th. They issued an “overweight” rating and a $349.00 price objective for the company. Finally, Roth Mkm upped their target price on Chubb from $280.00 to $300.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $283.00.

Chubb Trading Down 0.2 %

Shares of Chubb stock traded down $0.65 during trading on Wednesday, hitting $286.55. The stock had a trading volume of 362,097 shares, compared to its average volume of 1,597,802. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $116.36 billion, a PE ratio of 12.75, a P/E/G ratio of 5.87 and a beta of 0.66. Chubb Limited has a 1 year low of $212.82 and a 1 year high of $302.05. The stock has a 50 day simple moving average of $287.78 and a 200 day simple moving average of $270.23.

Chubb (NYSE:CB) last released its earnings results on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share for the quarter, beating the consensus estimate of $4.93 by $0.79. The company had revenue of $13.83 billion for the quarter, compared to analysts’ expectations of $14.16 billion. Chubb had a return on equity of 15.77% and a net margin of 18.14%. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $4.95 EPS. On average, research analysts expect that Chubb Limited will post 21.32 EPS for the current fiscal year.

Chubb Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Friday, September 13th were given a dividend of $0.91 per share. The ex-dividend date was Friday, September 13th. This represents a $3.64 dividend on an annualized basis and a yield of 1.27%. Chubb’s payout ratio is 16.16%.

Insider Buying and Selling at Chubb

In other news, EVP Juan Luis Ortega sold 3,921 shares of Chubb stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $273.06, for a total transaction of $1,070,668.26. Following the completion of the sale, the executive vice president now directly owns 44,632 shares in the company, valued at $12,187,213.92. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, EVP Juan Luis Ortega sold 3,921 shares of the firm’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $273.06, for a total value of $1,070,668.26. Following the transaction, the executive vice president now directly owns 44,632 shares of the company’s stock, valued at approximately $12,187,213.92. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Evan G. Greenberg sold 30,318 shares of the business’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $289.60, for a total transaction 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 86,636 shares of company stock worth $24,874,208 over the last 90 days. 0.86% of the stock is currently owned by corporate insiders.

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.