Chubb Limited $CB Stake Raised by Parkside Financial Bank & Trust

Parkside Financial Bank & Trust raised its holdings in shares of Chubb Limited (NYSE:CB) by 3.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,745 shares of the financial services provider’s stock after acquiring an additional 246 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Chubb were worth $2,244,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. IMA Advisory Services Inc. acquired a new position in Chubb in the 1st quarter valued at approximately $31,000. 1248 Management LLC acquired a new position in shares of Chubb in the first quarter worth $31,000. WPG Advisers LLC purchased a new stake in shares of Chubb during the first quarter worth $33,000. Maseco LLP acquired a new stake in Chubb during the second quarter valued at $35,000. Finally, Clal Insurance Enterprises Holdings Ltd boosted its position in Chubb by 391.7% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 118 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 94 shares during the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Chubb in a research note on Wednesday, October 8th. Citigroup raised their price objective on shares of Chubb from $326.00 to $331.00 and gave the company a “buy” rating in a research report on Friday, October 24th. Barclays boosted their target price on shares of Chubb from $298.00 to $310.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 8th. Keefe, Bruyette & Woods raised their price target on shares of Chubb from $333.00 to $335.00 and gave the company an “outperform” rating in a report on Thursday, October 23rd. Finally, UBS Group lifted their price objective on shares of Chubb from $292.00 to $298.00 and gave the company a “neutral” rating in a research note on Monday, October 27th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Chubb presently has an average rating of “Hold” and a consensus target price of $307.79.

Chubb Stock Performance

NYSE:CB opened at $287.45 on Friday. The firm has a market capitalization of $113.13 billion, a PE ratio of 12.00, a PEG ratio of 2.74 and a beta of 0.58. Chubb Limited has a 1 year low of $252.16 and a 1 year 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 fifty day simple moving average is $278.79 and its 200 day simple moving average is $280.64.

Chubb (NYSE:CB) last released its earnings results on Tuesday, October 21st. The financial services provider reported $7.49 earnings per share for the quarter, topping analysts’ consensus estimates of $5.51 by $1.98. The firm had revenue of $14.87 billion during the quarter, compared to analyst estimates of $12.95 billion. Chubb had a net margin of 16.53% and a return on equity of 12.93%. The business’s revenue was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $5.72 EPS. On average, sell-side analysts anticipate that Chubb Limited will post 21.52 EPS for the current year.

Chubb Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 3rd. Shareholders 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 dividend on an annualized basis and a yield of 1.3%. Chubb’s dividend payout ratio (DPR) is 16.19%.

Insider Buying and Selling

In other news, insider John J. Lupica sold 23,698 shares of the company’s stock in a transaction that occurred on 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 completion of the transaction, the insider directly owned 90,600 shares in the company, valued at $25,458,600. The trade was a 20.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.77% of the stock is currently owned by corporate insiders.

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.