Midwest Trust Co Invests $57.09 Million in Chubb Limited $CB

Midwest Trust Co acquired a new position in shares of Chubb Limited (NYSE:CB) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 197,043 shares of the financial services provider’s stock, valued at approximately $57,087,000.

A number of other hedge funds have also bought and sold shares of CB. Modern Wealth Management LLC grew its holdings in Chubb by 6.2% during the first quarter. Modern Wealth Management LLC now owns 2,464 shares of the financial services provider’s stock worth $744,000 after buying an additional 143 shares in the last quarter. Assetmark Inc. lifted its stake in Chubb by 14.1% during the 2nd quarter. Assetmark Inc. now owns 71,294 shares of the financial services provider’s stock valued at $20,655,000 after acquiring an additional 8,828 shares in the last quarter. Trifecta Capital Advisors LLC boosted its holdings in Chubb by 764.7% during the 2nd quarter. Trifecta Capital Advisors LLC now owns 147 shares of the financial services provider’s stock worth $43,000 after acquiring an additional 130 shares during the last quarter. Jump Financial LLC boosted its holdings in Chubb by 633.6% during the 1st quarter. Jump Financial LLC now owns 8,180 shares of the financial services provider’s stock worth $2,470,000 after acquiring an additional 7,065 shares during the last quarter. Finally, Legato Capital Management LLC grew its stake in shares of Chubb by 120.9% in the 1st quarter. Legato Capital Management LLC now owns 10,200 shares of the financial services provider’s stock worth $3,080,000 after acquiring an additional 5,582 shares in the last quarter. Institutional investors own 83.81% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on CB shares. Wolfe Research raised their price target on shares of Chubb from $320.00 to $336.00 and gave the company an “outperform” rating in a research report on Thursday, October 23rd. Weiss Ratings reissued a “buy (b)” rating on shares of Chubb in a research report on Wednesday, October 8th. UBS Group upped their target price on Chubb from $292.00 to $298.00 and gave the company a “neutral” rating in a report on Monday, October 27th. JMP Securities reaffirmed a “market outperform” rating and set a $325.00 price target on shares of Chubb in a research report on Wednesday, October 22nd. Finally, BMO Capital Markets reissued a “market perform” rating and issued a $283.00 price objective on shares of Chubb in a research report on Thursday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $307.79.

Chubb Trading Up 1.6%

NYSE:CB opened at $287.45 on Friday. Chubb Limited has a 12 month low of $252.16 and a 12 month high of $306.91. The company has a current ratio of 0.27, a quick ratio of 0.28 and a debt-to-equity ratio of 0.20. The firm’s 50 day moving average is $278.79 and its 200 day moving average is $280.57. The stock has a market capitalization of $113.13 billion, a PE ratio of 12.00, a price-to-earnings-growth ratio of 2.74 and a beta of 0.58.

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

Chubb Dividend Announcement

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

Insiders Place Their Bets

In other Chubb news, insider John J. Lupica sold 23,698 shares of the company’s stock in a transaction dated Monday, October 27th. The shares were sold at an average price of $281.00, for a total transaction of $6,659,138.00. Following the sale, the insider directly owned 90,600 shares of the company’s stock, valued at $25,458,600. This represents a 20.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.77% of the company’s stock.

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.