Chubb Limited (NYSE:CB) Stake Boosted by Massmutual Trust Co. FSB ADV

Massmutual Trust Co. FSB ADV increased its position in shares of Chubb Limited (NYSE:CB) by 3.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 92,669 shares of the financial services provider’s stock after purchasing an additional 2,688 shares during the quarter. Massmutual Trust Co. FSB ADV’s holdings in Chubb were worth $26,725,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Bard Financial Services Inc. raised its stake in shares of Chubb by 3.7% in the 1st quarter. Bard Financial Services Inc. now owns 1,130 shares of the financial services provider’s stock valued at $293,000 after acquiring an additional 40 shares in the last quarter. Parkside Financial Bank & Trust increased its position in Chubb by 0.5% in the 2nd quarter. Parkside Financial Bank & Trust now owns 7,516 shares of the financial services provider’s stock worth $1,917,000 after buying an additional 40 shares during the period. Steigerwald Gordon & Koch Inc. increased its position in Chubb by 1.9% in the 2nd quarter. Steigerwald Gordon & Koch Inc. now owns 2,127 shares of the financial services provider’s stock worth $543,000 after buying an additional 40 shares during the period. Quotient Wealth Partners LLC increased its position in Chubb by 4.1% in the 2nd quarter. Quotient Wealth Partners LLC now owns 1,051 shares of the financial services provider’s stock worth $268,000 after buying an additional 41 shares during the period. Finally, Drive Wealth Management LLC increased its position in Chubb by 3.6% in the 2nd quarter. Drive Wealth Management LLC now owns 1,183 shares of the financial services provider’s stock worth $303,000 after buying an additional 41 shares during the period. 83.81% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Chubb news, insider John J. Lupica sold 15,000 shares of the business’s stock in a transaction 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 transaction, the insider now owns 103,950 shares of the company’s stock, valued at $29,676,685.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, insider John J. Lupica sold 15,000 shares of the business’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $285.49, for a total transaction of $4,282,350.00. Following the completion of the sale, the insider now owns 103,950 shares in the company, valued at $29,676,685.50. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 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 value of $8,780,092.80. Following the sale, the chief executive officer now owns 553,664 shares of the company’s stock, valued at approximately $160,341,094.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 86,636 shares of company stock valued at $24,874,208. 0.86% of the stock is currently owned by corporate insiders.

Chubb Price Performance

Shares of CB stock opened at $291.33 on Thursday. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.31 and a quick ratio of 0.31. The firm has a market cap of $118.30 billion, a price-to-earnings ratio of 12.93, a P/E/G ratio of 5.74 and a beta of 0.66. The stock’s fifty day simple moving average is $280.30 and its 200 day simple moving average is $265.38. Chubb Limited has a one year low of $204.15 and a one year high of $294.18.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $5.38 EPS for the quarter, topping analysts’ consensus estimates of $5.04 by $0.34. The company had revenue of $13.36 billion for 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%. The business’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. On average, analysts expect that Chubb Limited will post 21.21 earnings per share for the current fiscal year.

Chubb Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 4th. Shareholders of record on Friday, September 13th will be paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date of this dividend is Friday, September 13th. Chubb’s dividend payout ratio is currently 16.16%.

Analysts Set New Price Targets

Several brokerages have commented on CB. William Blair downgraded Chubb from a “market perform” rating to an “underperform” rating in a research report on Friday, June 28th. Bank of America lifted their price objective on Chubb from $257.00 to $264.00 and gave the stock a “neutral” rating in a report on Wednesday, July 24th. 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. Morgan Stanley decreased their price objective on Chubb from $260.00 to $259.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 10th. Finally, JPMorgan Chase & Co. lifted their price objective on Chubb from $266.00 to $286.00 and gave the stock a “neutral” rating in a report on Thursday, July 11th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Chubb currently has a consensus rating of “Hold” and a consensus price target of $274.70.

Chubb 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.