Midwest Trust Co Makes New Investment in Chubb Limited $CB

Midwest Trust Co bought a new stake in Chubb Limited (NYSE:CB) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm bought 197,043 shares of the financial services provider’s stock, valued at approximately $57,087,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in CB. Brighton Jones LLC lifted 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 purchasing an additional 221 shares during the last quarter. Revolve Wealth Partners LLC bought a new stake in shares of Chubb during the 4th quarter worth $205,000. Cerity Partners LLC lifted its position in shares of Chubb by 10.0% during the 1st quarter. Cerity Partners LLC now owns 285,888 shares of the financial services provider’s stock worth $86,337,000 after buying an additional 25,936 shares during the last quarter. Stillwater Wealth Management Group grew its position in Chubb by 60.1% in the first quarter. Stillwater Wealth Management Group now owns 6,614 shares of the financial services provider’s stock valued at $1,997,000 after acquiring an additional 2,483 shares during the last quarter. Finally, Ballentine Partners LLC grew its position in Chubb by 3.3% in the first quarter. Ballentine Partners LLC now owns 8,629 shares of the financial services provider’s stock valued at $2,606,000 after acquiring an additional 276 shares during the last quarter. Institutional investors own 83.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on CB shares. JPMorgan Chase & Co. increased their target price on shares of Chubb from $321.00 to $327.00 and gave the stock a “neutral” rating in a report on Thursday, October 9th. Evercore ISI upped their price objective on shares of Chubb from $312.00 to $315.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 1st. Piper Sandler reissued a “neutral” rating and issued a $283.00 price objective (down previously from $335.00) on shares of Chubb in a research note on Thursday, July 24th. BMO Capital Markets restated a “market perform” rating and issued a $283.00 target price on shares of Chubb in a research report on Thursday, October 23rd. Finally, HSBC upped their price target on shares of Chubb from $302.00 to $304.00 in a report on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Chubb currently has an average rating of “Hold” and a consensus price target of $307.79.

Chubb Stock Up 1.6%

NYSE:CB opened at $287.45 on Friday. Chubb Limited has a one year low of $252.16 and a one year high of $306.91. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.27 and a quick ratio of 0.28. The company has a market cap of $113.13 billion, a PE ratio of 12.00, a P/E/G ratio of 2.74 and a beta of 0.58. The firm’s 50 day simple moving average is $278.79 and its 200 day simple moving average is $280.57.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, October 21st. The financial services provider reported $7.49 earnings per share (EPS) for the quarter, beating 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 net margin of 16.53% and a return on equity of 12.93%. The company’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter last year, the firm earned $5.72 earnings per share. On average, research analysts anticipate that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 3rd. Investors of record on Friday, September 12th were given a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Friday, September 12th. Chubb’s dividend payout ratio (DPR) is currently 16.19%.

Insider Buying and Selling

In other Chubb news, insider John J. Lupica sold 23,698 shares of Chubb stock in a transaction dated Monday, October 27th. The stock was sold at an average price of $281.00, for a total transaction of $6,659,138.00. Following the transaction, the insider directly owned 90,600 shares of the company’s stock, valued at approximately $25,458,600. The trade was a 20.73% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 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.