Community Bank N.A. Has $3.21 Million Stock Holdings in Chubb Limited (NYSE:CB)

Community Bank N.A. raised its holdings in shares of Chubb Limited (NYSE:CB) by 1.4% in the 4th quarter, HoldingsChannel reports. The firm owned 14,185 shares of the financial services provider’s stock after buying an additional 191 shares during the period. Community Bank N.A.’s holdings in Chubb were worth $3,206,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. Wellington Management Group LLP lifted its holdings in shares of Chubb by 0.8% during the third quarter. Wellington Management Group LLP now owns 18,522,413 shares of the financial services provider’s stock worth $3,855,996,000 after buying an additional 138,142 shares in the last quarter. Deutsche Bank AG lifted its holdings in shares of Chubb by 426.8% during the third quarter. Deutsche Bank AG now owns 16,119,520 shares of the financial services provider’s stock worth $3,355,762,000 after buying an additional 13,059,385 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of Chubb by 2.3% during the third quarter. Northern Trust Corp now owns 4,221,419 shares of the financial services provider’s stock worth $878,815,000 after buying an additional 93,885 shares in the last quarter. Raymond James & Associates lifted its holdings in shares of Chubb by 2.6% during the fourth quarter. Raymond James & Associates now owns 3,103,101 shares of the financial services provider’s stock worth $701,301,000 after buying an additional 77,453 shares in the last quarter. Finally, Boston Partners lifted its holdings in shares of Chubb by 6.4% during the third quarter. Boston Partners now owns 2,850,197 shares of the financial services provider’s stock worth $594,006,000 after buying an additional 170,774 shares in the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Insider Activity

In other news, CAO Annmarie T. Hagan sold 7,180 shares of Chubb stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $245.04, for a total transaction of $1,759,387.20. Following the sale, the chief accounting officer now directly owns 6,105 shares of the company’s stock, valued at $1,495,969.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CAO Annmarie T. Hagan sold 7,180 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $245.04, for a total value of $1,759,387.20. Following the sale, the chief accounting officer now directly owns 6,105 shares in the company, valued at $1,495,969.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Timothy Alan Boroughs sold 14,303 shares of the company’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $258.78, for a total value of $3,701,330.34. Following the completion of the sale, the executive vice president now owns 35,662 shares in the company, valued at $9,228,612.36. The disclosure for this sale can be found here. Over the last three months, insiders have sold 116,043 shares of company stock valued at $29,766,694. 0.86% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts recently commented on CB shares. Evercore ISI raised their price target on Chubb from $270.00 to $281.00 and gave the stock an “outperform” rating in a research report on Thursday, April 11th. Royal Bank of Canada raised their price target on Chubb from $255.00 to $275.00 and gave the stock an “outperform” rating in a research report on Thursday, February 1st. BMO Capital Markets raised their price target on Chubb from $220.00 to $240.00 and gave the stock a “market perform” rating in a research report on Monday, February 5th. Wells Fargo & Company raised their price target on Chubb from $234.00 to $255.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 1st. Finally, Morgan Stanley raised their price target on Chubb from $258.00 to $260.00 and gave the stock an “equal weight” rating in a research report on Monday, April 15th. Ten investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $266.37.

Chubb Price Performance

Chubb stock traded down $6.87 during midday trading on Wednesday, reaching $243.01. The company’s stock had a trading volume of 3,184,853 shares, compared to its average volume of 1,748,423. Chubb Limited has a 52 week low of $183.71 and a 52 week high of $260.58. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.20. The business has a 50-day moving average price of $252.54 and a 200-day moving average price of $235.21. The stock has a market cap of $98.66 billion, a PE ratio of 11.13, a price-to-earnings-growth ratio of 1.18 and a beta of 0.62.

Chubb (NYSE:CB) last announced its quarterly earnings results on Tuesday, April 23rd. The financial services provider reported $5.41 EPS for the quarter, beating analysts’ consensus estimates of $5.29 by $0.12. Chubb had a return on equity of 16.45% and a net margin of 18.11%. The firm had revenue of $12.22 billion for the quarter, compared to analyst estimates of $11.75 billion. During the same period last year, the firm posted $4.41 earnings per share. The business’s revenue for the quarter was up 14.1% on a year-over-year basis. On average, sell-side analysts predict that Chubb Limited will post 21.32 EPS for the current year.

Chubb Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Friday, March 15th were paid a dividend of $0.86 per share. This represents a $3.44 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date was Thursday, March 14th. Chubb’s payout ratio is 15.76%.

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.