FARMERS & MERCHANTS TRUST Co OF LONG BEACH Makes New $1.77 Million Investment in Chubb Limited $CB

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

A number of other large investors have also added to or reduced their stakes in the company. Modern Wealth Management LLC increased its holdings in shares of Chubb by 6.2% during the first quarter. Modern Wealth Management LLC now owns 2,464 shares of the financial services provider’s stock valued at $744,000 after acquiring an additional 143 shares in the last quarter. Jump Financial LLC increased its holdings in shares of Chubb by 633.6% during the first quarter. Jump Financial LLC now owns 8,180 shares of the financial services provider’s stock valued at $2,470,000 after acquiring an additional 7,065 shares in the last quarter. Legato Capital Management LLC increased its holdings in shares of Chubb by 120.9% during the first quarter. Legato Capital Management LLC now owns 10,200 shares of the financial services provider’s stock valued at $3,080,000 after acquiring an additional 5,582 shares in the last quarter. Davis Rea LTD. acquired a new position in shares of Chubb during the first quarter valued at about $5,117,000. Finally, First Horizon Advisors Inc. increased its holdings in shares of Chubb by 3.3% during the first quarter. First Horizon Advisors Inc. now owns 43,280 shares of the financial services provider’s stock valued at $13,070,000 after acquiring an additional 1,375 shares in the last quarter. 83.81% of the stock is currently owned by institutional investors.

Chubb Price Performance

Shares of NYSE CB opened at $280.77 on Monday. The business’s 50 day moving average price is $273.84 and its 200 day moving average price is $282.55. The firm has a market cap of $111.94 billion, a P/E ratio of 12.39, a P/E/G ratio of 3.17 and a beta of 0.56. Chubb Limited has a 52 week low of $252.16 and a 52 week high of $306.91. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.18.

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

Chubb Announces Dividend

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

Insider Activity at Chubb

In related news, Director Michael Corbat acquired 425 shares of the stock in a transaction on Friday, July 25th. The shares were acquired at an average price of $269.80 per share, for a total transaction of $114,665.00. Following the transaction, the director owned 2,450 shares in the company, valued at approximately $661,010. This trade represents a 20.99% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider John J. Lupica sold 5,513 shares of the company’s stock in a transaction that occurred on 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 owned 91,180 shares in the company, valued at approximately $26,447,670.80. This represents a 5.70% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.86% of the company’s stock.

Analyst Ratings Changes

CB has been the topic of several recent analyst reports. Citigroup initiated coverage on shares of Chubb in a report on Wednesday, August 13th. They set a “buy” rating and a $326.00 price objective on the stock. Cantor Fitzgerald upgraded shares of Chubb to a “hold” rating in a report on Wednesday, August 13th. UBS Group cut their price objective on shares of Chubb from $304.00 to $292.00 and set a “neutral” rating on the stock in a report on Monday, July 28th. Keefe, Bruyette & Woods upped their price objective on shares of Chubb from $314.00 to $324.00 and gave the company an “outperform” rating in a report on Wednesday, July 9th. Finally, HSBC downgraded shares of Chubb from a “buy” rating to a “hold” rating and cut their price objective for the company from $317.00 to $300.00 in a report on Friday, August 1st. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $303.06.

About Chubb

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.