First National Trust Co Sells 269 Shares of Chubb Limited $CB

First National Trust Co lessened its stake in Chubb Limited (NYSE:CB) by 2.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 9,546 shares of the financial services provider’s stock after selling 269 shares during the period. First National Trust Co’s holdings in Chubb were worth $2,766,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Modern Wealth Management LLC grew its position in shares of Chubb by 6.2% in the 1st quarter. Modern Wealth Management LLC now owns 2,464 shares of the financial services provider’s stock valued at $744,000 after buying an additional 143 shares during the last quarter. Trifecta Capital Advisors LLC boosted its position in shares of Chubb by 764.7% during the 2nd quarter. Trifecta Capital Advisors LLC now owns 147 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 130 shares in the last quarter. Jump Financial LLC boosted its position in shares of Chubb by 633.6% during the 1st quarter. Jump Financial LLC now owns 8,180 shares of the financial services provider’s stock valued at $2,470,000 after purchasing an additional 7,065 shares in the last quarter. Legato Capital Management LLC boosted its position in shares of Chubb by 120.9% during the 1st quarter. Legato Capital Management LLC now owns 10,200 shares of the financial services provider’s stock valued at $3,080,000 after purchasing an additional 5,582 shares in the last quarter. Finally, Davis Rea LTD. bought a new stake in shares of Chubb during the 1st quarter valued at about $5,117,000. Institutional investors own 83.81% of the company’s stock.

Chubb Trading Down 2.2%

NYSE CB opened at $275.39 on Wednesday. The company has a market cap of $109.80 billion, a price-to-earnings ratio of 11.49, a P/E/G ratio of 2.79 and a beta of 0.54. Chubb Limited has a 52 week low of $252.16 and a 52 week high of $306.91. The business has a 50 day moving average price of $277.85 and a 200-day moving average price of $280.81. The company has a quick ratio of 0.28, a current ratio of 0.34 and a debt-to-equity ratio of 0.18.

Chubb (NYSE:CB) last issued its quarterly earnings data on Tuesday, October 21st. The financial services provider reported $7.49 EPS for the quarter, topping the consensus estimate of $5.51 by $1.98. The firm had revenue of $14.87 billion during the quarter, compared to the consensus estimate of $12.95 billion. Chubb had a return on equity of 12.93% and a net margin of 16.53%.The company’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same period in the prior year, the business posted $5.72 earnings per share. As a group, equities analysts expect that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 3rd. Stockholders of record on Friday, September 12th were paid a $0.97 dividend. The ex-dividend date of this dividend was Friday, September 12th. This represents a $3.88 annualized dividend and a dividend yield of 1.4%. Chubb’s dividend payout ratio is 16.19%.

Wall Street Analyst Weigh In

Several brokerages recently commented on CB. Weiss Ratings restated a “buy (b)” rating on shares of Chubb in a research report on Wednesday, October 8th. Piper Sandler restated a “neutral” rating and set a $283.00 target price (down previously from $335.00) on shares of Chubb in a research report on Thursday, July 24th. Wolfe Research upped their target price on Chubb from $320.00 to $336.00 and gave the company an “outperform” rating in a research report on Thursday, October 23rd. UBS Group upped their target price on Chubb from $292.00 to $298.00 and gave the company a “neutral” rating in a research report on Monday. Finally, Barclays upped their price target on Chubb from $298.00 to $310.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $307.58.

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.