6,095 Shares in Chubb Limited $CB Bought by FARMERS & MERCHANTS TRUST Co OF LONG BEACH

FARMERS & MERCHANTS TRUST Co OF LONG BEACH purchased a new position in Chubb Limited (NYSE:CB) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 6,095 shares of the financial services provider’s stock, valued at approximately $1,766,000.

Several other institutional investors and hedge funds also recently bought and sold shares of CB. Brighton Jones LLC boosted its stake in Chubb by 12.8% during the fourth quarter. Brighton Jones LLC now owns 1,945 shares of the financial services provider’s stock worth $537,000 after buying an additional 221 shares during the period. Revolve Wealth Partners LLC purchased a new position in Chubb during the fourth quarter worth $205,000. Two Sigma Advisers LP boosted its stake in Chubb by 83.8% during the fourth quarter. Two Sigma Advisers LP now owns 2,413 shares of the financial services provider’s stock worth $667,000 after buying an additional 1,100 shares during the period. Versant Capital Management Inc boosted its stake in Chubb by 34.6% during the first quarter. Versant Capital Management Inc now owns 743 shares of the financial services provider’s stock worth $224,000 after buying an additional 191 shares during the period. Finally, Parallel Advisors LLC boosted its stake in Chubb by 2.2% during the first quarter. Parallel Advisors LLC now owns 6,217 shares of the financial services provider’s stock worth $1,877,000 after buying an additional 133 shares during the period. 83.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on CB. Keefe, Bruyette & Woods lifted their price objective on shares of Chubb from $314.00 to $324.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 9th. Piper Sandler reaffirmed a “neutral” rating and set a $283.00 price objective (down from $335.00) on shares of Chubb in a research note on Thursday, July 24th. Hsbc Global Res lowered shares of Chubb from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 1st. Barclays lowered shares of Chubb from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $321.00 to $298.00 in a research note on Monday, July 7th. Finally, UBS Group lowered their target price on shares of Chubb from $304.00 to $292.00 and set a “neutral” rating for the company in a research note on Monday, July 28th. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $303.06.

Chubb Stock Performance

CB stock opened at $280.77 on Monday. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.28 and a quick ratio of 0.28. The business has a 50-day moving average price of $273.84 and a 200 day moving average price of $282.55. The company has a market capitalization of $111.94 billion, a P/E ratio of 12.39, a PEG ratio of 3.17 and a beta of 0.56. Chubb Limited has a 1-year low of $252.16 and a 1-year high of $306.91.

Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $6.14 earnings per share for the quarter, beating the consensus estimate of $5.84 by $0.30. The firm had revenue of $14.20 billion during the quarter, compared to the consensus estimate of $12.53 billion. Chubb had a return on equity of 12.34% and a net margin of 16.08%.The firm’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period in the previous year, the company posted $5.38 earnings per share. As a group, equities research analysts forecast that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 3rd. Investors of record on Friday, September 12th will be issued a $0.97 dividend. This represents a $3.88 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Friday, September 12th. Chubb’s payout ratio is presently 17.12%.

Insider Activity

In related news, insider John J. Lupica sold 5,513 shares of Chubb stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $290.06, for a total value of $1,599,100.78. Following the completion of the sale, the insider directly owned 91,180 shares in the company, valued at $26,447,670.80. The trade was a 5.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Michael Corbat acquired 425 shares of the firm’s stock in a transaction that occurred on Friday, July 25th. The stock was purchased at an average price of $269.80 per share, with a total value of $114,665.00. Following the completion of the acquisition, the director directly owned 2,450 shares of the company’s stock, valued at $661,010. This represents a 20.99% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.86% of the company’s stock.

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.