CHICAGO TRUST Co NA Sells 361 Shares of Chubb Limited (NYSE:CB)

by · The Cerbat Gem

CHICAGO TRUST Co NA lessened its stake in Chubb Limited (NYSE:CB – Free Report) by 2.3% during the fourth quarter, HoldingsChannel reports. The firm owned 15,653 shares of the financial services provider’s stock after selling 361 shares during the period. Chubb comprises approximately 0.8% of CHICAGO TRUST Co NA’s portfolio, making the stock its 26th biggest holding. CHICAGO TRUST Co NA’s holdings in Chubb were worth $4,325,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of CB. Parallel Advisors LLC grew its position in shares of Chubb by 8.8% during the 2nd quarter. Parallel Advisors LLC now owns 5,630 shares of the financial services provider’s stock valued at $1,436,000 after purchasing an additional 454 shares in the last quarter. Thoroughbred Financial Services LLC grew its position in shares of Chubb by 37.3% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 8,664 shares of the financial services provider’s stock valued at $2,210,000 after purchasing an additional 2,356 shares in the last quarter. Wealthspire Advisors LLC grew its position in shares of Chubb by 2.7% during the 2nd quarter. Wealthspire Advisors LLC now owns 3,678 shares of the financial services provider’s stock valued at $938,000 after purchasing an additional 97 shares in the last quarter. Envestnet Asset Management Inc. grew its position in shares of Chubb by 1.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,044,057 shares of the financial services provider’s stock valued at $266,318,000 after purchasing an additional 10,084 shares in the last quarter. Finally, Prosperity Consulting Group LLC grew its position in shares of Chubb by 7.2% during the 2nd quarter. Prosperity Consulting Group LLC now owns 995 shares of the financial services provider’s stock valued at $254,000 after purchasing an additional 67 shares in the last quarter. Institutional investors own 83.81% of the company’s stock.

Chubb Price Performance

Shares of Chubb stock traded up $2.23 during trading hours on Monday, reaching $259.94. The company’s stock had a trading volume of 940,382 shares, compared to its average volume of 2,020,861. The firm has a 50 day moving average price of $278.98 and a 200-day moving average price of $278.09. Chubb Limited has a one year low of $226.06 and a one year high of $302.05. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.28 and a quick ratio of 0.28. The stock has a market cap of $104.78 billion, a P/E ratio of 10.64, a P/E/G ratio of 6.43 and a beta of 0.67.

Chubb (NYSE:CB – Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $5.72 EPS for the quarter, beating the consensus estimate of $4.98 by $0.74. The company had revenue of $13.83 billion for the quarter, compared to the consensus estimate of $14.16 billion. Chubb had a net margin of 18.32% and a return on equity of 15.46%. The firm’s revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.95 EPS. On average, analysts predict that Chubb Limited will post 21.82 EPS for the current year.

Chubb Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 13th were paid a $0.91 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $3.64 dividend on an annualized basis and a yield of 1.40%. Chubb’s dividend payout ratio is currently 14.91%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on CB shares. Bank of America upped their target price on shares of Chubb from $275.00 to $282.00 and gave the stock an “underperform” rating in a research report on Thursday, October 10th. Barclays cut their target price on shares of Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a research report on Monday, January 6th. JMP Securities upped their target price on shares of Chubb from $300.00 to $325.00 and gave the stock a “market outperform” rating in a research report on Wednesday, October 30th. Wells Fargo & Company upped their target price on shares of Chubb from $266.00 to $268.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 5th. Finally, JPMorgan Chase & Co. upped their price target on shares of Chubb from $294.00 to $296.00 and gave the company a “neutral” rating in a research report on Friday, January 3rd. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Chubb presently has an average rating of “Hold” and a consensus price target of $288.39.

Read Our Latest Analysis on CB

About Chubb

(Free Report)

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.

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