NBT Bank N A NY Sells 135 Shares of Chubb Limited $CB

NBT Bank N A NY cut its holdings in shares of Chubb Limited (NYSE:CB) by 1.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,282 shares of the financial services provider’s stock after selling 135 shares during the quarter. NBT Bank N A NY’s holdings in Chubb were worth $2,110,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in CB. Brighton Jones LLC increased its holdings in shares of 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 purchasing an additional 221 shares during the period. Revolve Wealth Partners LLC bought a new position in Chubb in the fourth quarter valued at approximately $205,000. Portside Wealth Group LLC increased its stake in Chubb by 18.9% in the first quarter. Portside Wealth Group LLC now owns 1,146 shares of the financial services provider’s stock valued at $346,000 after acquiring an additional 182 shares during the last quarter. Farther Finance Advisors LLC increased its stake in Chubb by 6.3% in the first quarter. Farther Finance Advisors LLC now owns 4,005 shares of the financial services provider’s stock valued at $1,207,000 after acquiring an additional 239 shares during the last quarter. Finally, Pallas Capital Advisors LLC increased its stake in Chubb by 55.7% in the first quarter. Pallas Capital Advisors LLC now owns 4,855 shares of the financial services provider’s stock valued at $1,466,000 after acquiring an additional 1,736 shares during the last quarter. 83.81% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Chubb in a research note on Wednesday. HSBC cut shares of Chubb from a “buy” rating to a “hold” rating and decreased their price objective for the company from $317.00 to $300.00 in a research note on Friday, August 1st. Morgan Stanley decreased their price objective on shares of Chubb from $300.00 to $295.00 and set an “equal weight” rating on the stock in a research note on Monday, August 18th. UBS Group decreased their price objective on shares of Chubb from $304.00 to $292.00 and set a “neutral” rating on the stock in a research note on Monday, July 28th. Finally, Citigroup assumed coverage on shares of Chubb in a research note on Wednesday, August 13th. They set a “buy” rating and a $326.00 target price on the stock. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Chubb has an average rating of “Hold” and an average target price of $304.33.

Chubb Stock Performance

NYSE CB opened at $287.17 on Thursday. The firm’s fifty day moving average price is $276.00 and its two-hundred day moving average price is $282.12. The stock has a market cap of $114.49 billion, a PE ratio of 12.67, a PEG ratio of 3.26 and a beta of 0.54. Chubb Limited has a fifty-two week low of $252.16 and a fifty-two week high of $306.91. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.28 and a current ratio of 0.28.

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

Chubb Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 3rd. Stockholders of record on Friday, September 12th were issued a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date was Friday, September 12th. Chubb’s payout ratio is 17.12%.

Insider Activity at Chubb

In other Chubb news, Director Michael Corbat purchased 425 shares of the business’s stock in a transaction dated Friday, July 25th. The shares were bought at an average price of $269.80 per share, for a total transaction of $114,665.00. Following the completion of the acquisition, the director owned 2,450 shares in the company, valued at approximately $661,010. This trade represents a 20.99% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.77% of the company’s stock.

Chubb Company 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.