Greenleaf Trust Buys 664 Shares of Chubb Ltd (CB)

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Greenleaf Trust boosted its stake in shares of Chubb Ltd (NYSE:CB) by 2.6% in the third quarter, HoldingsChannel.com reports. The fund owned 26,626 shares of the financial services provider’s stock after purchasing an additional 664 shares during the period. Greenleaf Trust’s holdings in Chubb were worth $3,558,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of CB. Atlantic Trust LLC acquired a new stake in shares of Chubb in the 2nd quarter valued at approximately $102,000. ELM Advisors LLC acquired a new stake in shares of Chubb in the 3rd quarter valued at approximately $103,000. Clarus Wealth Advisors acquired a new stake in shares of Chubb in the 2nd quarter valued at approximately $113,000. Legacy Advisors LLC lifted its holdings in shares of Chubb by 1,612.0% in the 3rd quarter. Legacy Advisors LLC now owns 856 shares of the financial services provider’s stock valued at $115,000 after buying an additional 806 shares during the period. Finally, FNY Investment Advisers LLC acquired a new stake in shares of Chubb in the 2nd quarter valued at approximately $127,000. 86.03% of the stock is owned by institutional investors.

Several research firms have recently commented on CB. Deutsche Bank cut Chubb from a “hold” rating to a “sell” rating and reduced their price target for the company from $135.00 to $126.00 in a report on Monday, August 13th. ValuEngine raised Chubb from a “sell” rating to a “hold” rating in a report on Thursday, August 2nd. Citigroup raised their price target on Chubb from $151.00 to $157.00 and gave the company a “buy” rating in a report on Monday, July 30th. Wells Fargo & Co reissued a “buy” rating and issued a $169.00 price target on shares of Chubb in a report on Tuesday, July 24th. Finally, Barclays reduced their price target on Chubb from $175.00 to $170.00 and set an “overweight” rating for the company in a report on Monday, July 9th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $159.60.

In related news, insider Timothy Alan Boroughs sold 14,971 shares of Chubb stock in a transaction on Thursday, September 20th. The stock was sold at an average price of $139.37, for a total transaction of $2,086,508.27. Following the completion of the transaction, the insider now directly owns 202,794 shares of the company’s stock, valued at $28,263,399.78. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Evan G. Greenberg sold 227,994 shares of Chubb stock in a transaction on Wednesday, September 19th. The stock was sold at an average price of $140.29, for a total value of $31,985,278.26. Following the transaction, the chief executive officer now directly owns 1,583,326 shares of the company’s stock, valued at $222,124,804.54. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 242,967 shares of company stock valued at $34,072,088. 0.44% of the stock is currently owned by insiders.

Shares of CB stock opened at $123.02 on Tuesday. The firm has a market cap of $56.92 billion, a P/E ratio of 15.32, a PEG ratio of 1.24 and a beta of 1.01. Chubb Ltd has a 1 year low of $120.50 and a 1 year high of $157.50. The company has a quick ratio of 0.31, a current ratio of 0.33 and a debt-to-equity ratio of 0.24.

Chubb (NYSE:CB) last issued its quarterly earnings data on Tuesday, October 23rd. The financial services provider reported $2.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.39 by $0.02. The firm had revenue of $7.55 billion during the quarter, compared to analysts’ expectations of $7.63 billion. Chubb had a return on equity of 9.71% and a net margin of 15.37%. Chubb’s revenue was up 2.5% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.13) earnings per share. As a group, research analysts predict that Chubb Ltd will post 9.97 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 12th. Investors of record on Friday, September 21st were issued a dividend of $0.73 per share. The ex-dividend date of this dividend was Thursday, September 20th. This represents a $2.92 annualized dividend and a yield of 2.37%. Chubb’s dividend payout ratio is presently 36.36%.

About Chubb

Chubb Limited, through its subsidiaries, provides insurance and reinsurance products worldwide. Its North America Commercial P&C Insurance segment offers commercial property, marine, general casualty, workers' compensation, package policies, and risk management; and professional lines, marine, construction, environmental, medical, cyber risk, and excess casualty, as well as group accident and health insurance to large, middle market, and small commercial businesses in the United States, Canada, and Bermuda.

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Institutional Ownership by Quarter for Chubb (NYSE:CB)

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