HM Payson & Co. Acquires 555 Shares of Chubb Limited (NYSE:CB)

HM Payson & Co. raised its holdings in Chubb Limited (NYSE:CB) by 6.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 8,553 shares of the financial services provider’s stock after acquiring an additional 555 shares during the quarter. HM Payson & Co.’s holdings in Chubb were worth $2,467,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Pathway Financial Advisers LLC acquired a new stake in shares of Chubb in the 1st quarter valued at approximately $25,000. Beacon Capital Management LLC boosted its position in shares of Chubb by 76.4% during the second quarter. Beacon Capital Management LLC now owns 97 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 42 shares in the last quarter. Chilton Capital Management LLC bought a new position in shares of Chubb during the second quarter worth $26,000. Strategic Financial Concepts LLC acquired a new position in shares of Chubb in the 2nd quarter valued at $28,000. Finally, Wellington Shields Capital Management LLC bought a new stake in shares of Chubb in the 1st quarter valued at $29,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Insider Activity

In other Chubb news, CEO Evan G. Greenberg sold 30,537 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $287.25, for a total transaction of $8,771,753.25. Following the transaction, the chief executive officer now owns 583,982 shares of the company’s stock, valued at $167,748,829.50. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Evan G. Greenberg sold 30,318 shares of the firm’s stock in a transaction dated Monday, September 9th. The shares were 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 in the company, valued at approximately $160,341,094.40. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Evan G. Greenberg sold 30,537 shares of the company’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $287.25, for a total transaction of $8,771,753.25. Following the completion of the transaction, the chief executive officer now owns 583,982 shares in the company, valued at approximately $167,748,829.50. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 86,636 shares of company stock valued at $24,874,208 in the last quarter. Company insiders own 0.86% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on CB shares. Wells Fargo & Company decreased their target price on Chubb from $269.00 to $266.00 and set an “equal weight” rating for the company in a research note on Thursday. Evercore ISI boosted their price objective on Chubb from $289.00 to $293.00 and gave the company an “outperform” rating in a research report on Wednesday. Morgan Stanley increased their target price on Chubb from $295.00 to $300.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Roth Mkm lifted their price target on shares of Chubb from $280.00 to $300.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Chubb from $291.00 to $294.00 and gave the stock a “neutral” rating in a research report on Wednesday. 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 assigned a strong buy rating to the stock. According to MarketBeat, Chubb has a consensus rating of “Hold” and an average target price of $286.47.

Chubb Stock Performance

CB opened at $282.44 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.31 and a current ratio of 0.31. The business’s 50-day simple moving average is $288.20 and its 200 day simple moving average is $270.41. The firm has a market capitalization of $114.14 billion, a PE ratio of 11.57, a PEG ratio of 5.87 and a beta of 0.66. Chubb Limited has a 52-week low of $212.82 and a 52-week high of $302.05.

Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.93 by $0.79. Chubb had a return on equity of 15.77% and a net margin of 18.14%. The company had revenue of $13.83 billion for the quarter, compared to analysts’ expectations of $14.16 billion. During the same quarter in the prior year, the business posted $4.95 EPS. The business’s revenue was up 5.5% compared to the same quarter last year. As a group, sell-side analysts expect that Chubb Limited will post 21.32 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Friday, September 13th were given a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date was Friday, September 13th. Chubb’s dividend payout ratio (DPR) is presently 14.91%.

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.