NBT Bank N A NY Has $2.11 Million Stake in Chubb Limited $CB

NBT Bank N A NY decreased its position in Chubb Limited (NYSE:CB) by 1.8% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 7,282 shares of the financial services provider’s stock after selling 135 shares during the period. NBT Bank N A NY’s holdings in Chubb were worth $2,110,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Modern Wealth Management LLC lifted its holdings in Chubb by 6.2% in the first 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 period. Jump Financial LLC lifted its holdings in Chubb by 633.6% in the first quarter. Jump Financial LLC now owns 8,180 shares of the financial services provider’s stock valued at $2,470,000 after buying an additional 7,065 shares during the period. Legato Capital Management LLC lifted its holdings in Chubb by 120.9% in 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 buying an additional 5,582 shares during the period. 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. raised 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 purchasing an additional 1,375 shares during the period. Institutional investors and hedge funds own 83.81% of the company’s stock.

Chubb Trading Down 0.7%

NYSE:CB opened at $287.17 on Thursday. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.28 and a quick ratio of 0.28. The firm has a 50-day moving average of $276.00 and a 200-day moving average of $282.12. The company has a market cap of $114.49 billion, a PE ratio of 12.67, a PEG ratio of 3.26 and a beta of 0.54. Chubb Limited has a one year low of $252.16 and a one year high of $306.91.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, July 22nd. The financial services provider reported $6.14 EPS for the quarter, topping the consensus estimate of $5.84 by $0.30. The company had revenue of $14.20 billion during the quarter, compared to the consensus estimate of $12.53 billion. Chubb had a net margin of 16.08% and a return on equity of 12.34%. The firm’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same period in the previous year, the firm posted $5.38 earnings per share. As a group, equities research analysts expect that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 3rd. Shareholders of record on Friday, September 12th were paid a $0.97 dividend. The ex-dividend date was Friday, September 12th. This represents a $3.88 annualized dividend and a yield of 1.4%. Chubb’s dividend payout ratio (DPR) is 17.12%.

Insider Buying and Selling

In other news, Director Michael Corbat acquired 425 shares of the firm’s stock in a transaction on Friday, July 25th. The stock was purchased at an average price of $269.80 per share, for a total transaction of $114,665.00. Following the purchase, the director owned 2,450 shares in the company, valued at approximately $661,010. This represents a 20.99% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.77% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on CB shares. Hsbc Global Res lowered shares of Chubb from a “strong-buy” rating to a “hold” rating in a report on Friday, August 1st. Cantor Fitzgerald upgraded shares of Chubb to a “hold” rating in a report on Wednesday, August 13th. Morgan Stanley dropped their price objective on shares of Chubb from $300.00 to $295.00 and set an “equal weight” rating on the stock in a report on Monday, August 18th. Evercore ISI upped their price objective on shares of Chubb from $312.00 to $315.00 and gave the company an “outperform” rating in a report on Wednesday, October 1st. Finally, Piper Sandler reiterated a “neutral” rating and set a $283.00 price objective (down previously from $335.00) on shares of Chubb in a report on Thursday, July 24th. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $304.33.

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.