Farmers Trust Co. Cuts Stock Holdings in Chubb Limited (NYSE:CB)

Farmers Trust Co. lowered its position in Chubb Limited (NYSE:CB) by 2.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,736 shares of the financial services provider’s stock after selling 530 shares during the quarter. Farmers Trust Co.’s holdings in Chubb were worth $5,729,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Norway Savings Bank boosted its position in shares of Chubb by 6.2% in the fourth quarter. Norway Savings Bank now owns 1,293 shares of the financial services provider’s stock worth $357,000 after buying an additional 75 shares during the period. Diversified Trust Co boosted its position in Chubb by 30.7% in the 4th quarter. Diversified Trust Co now owns 55,866 shares of the financial services provider’s stock valued at $15,436,000 after buying an additional 13,134 shares during the last quarter. Bank of New Hampshire boosted its holdings in Chubb by 4.1% in the fourth quarter. Bank of New Hampshire now owns 1,642 shares of the financial services provider’s stock valued at $454,000 after purchasing an additional 65 shares during the last quarter. GAMMA Investing LLC grew its stake in Chubb by 14.2% during the 4th quarter. GAMMA Investing LLC now owns 5,643 shares of the financial services provider’s stock valued at $1,559,000 after purchasing an additional 702 shares in the last quarter. Finally, Versant Capital Management Inc increased its stake in shares of Chubb by 133.9% in the fourth quarter. Versant Capital Management Inc now owns 552 shares of the financial services provider’s stock worth $153,000 after buying an additional 316 shares during the last quarter. 83.81% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently commented on CB shares. Morgan Stanley increased their price target on shares of Chubb from $295.00 to $300.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 30th. Wells Fargo & Company upped their price target on Chubb from $266.00 to $268.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 5th. Barclays lowered their target price on shares of Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a research note on Monday. JPMorgan Chase & Co. boosted their price objective on shares of Chubb from $294.00 to $296.00 and gave the company a “neutral” rating in a research report on Friday, January 3rd. Finally, Piper Sandler raised their target price on shares of Chubb from $281.00 to $305.00 and gave the stock an “overweight” rating in a report on Friday, October 4th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $286.16.

Chubb Trading Down 1.2 %

Shares of Chubb stock traded down $3.16 on Wednesday, reaching $265.60. 1,707,192 shares of the company were exchanged, compared to its average volume of 1,677,851. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. Chubb Limited has a fifty-two week low of $222.85 and a fifty-two week high of $302.05. The firm has a market capitalization of $107.06 billion, a price-to-earnings ratio of 10.88, a price-to-earnings-growth ratio of 6.43 and a beta of 0.67. The stock has a fifty day moving average price of $280.03 and a 200-day moving average price of $278.08.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $5.72 EPS for the quarter, beating the consensus estimate of $4.98 by $0.74. Chubb had a net margin of 18.32% and a return on equity of 15.46%. The business had revenue of $13.83 billion during the quarter, compared to the consensus estimate of $14.16 billion. During the same quarter in the prior year, the firm earned $4.95 EPS. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. On average, analysts expect that Chubb Limited will post 21.82 EPS for the current year.

Chubb Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 13th were paid a $0.91 dividend. The ex-dividend date was Friday, December 13th. This represents a $3.64 annualized dividend and a yield of 1.37%. Chubb’s dividend payout ratio is presently 14.91%.

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.