First American Trust FSB Increases Holdings in Chubb Ltd (CB)

First American Trust FSB raised its position in Chubb Ltd (NYSE:CB) by 21.2% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 40,718 shares of the financial services provider’s stock after purchasing an additional 7,113 shares during the period. Chubb accounts for approximately 1.3% of First American Trust FSB’s portfolio, making the stock its 21st biggest holding. First American Trust FSB’s holdings in Chubb were worth $5,260,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in CB. Capital International Investors lifted its position in Chubb by 89.7% during the third quarter. Capital International Investors now owns 17,829,438 shares of the financial services provider’s stock worth $2,382,726,000 after buying an additional 8,430,416 shares during the period. Nordea Investment Management AB bought a new position in Chubb during the 3rd quarter worth about $567,123,000. Fiduciary Management Inc. WI bought a new position in Chubb during the 3rd quarter worth about $471,998,000. Franklin Resources Inc. increased its holdings in Chubb by 17.6% during the 3rd quarter. Franklin Resources Inc. now owns 5,652,945 shares of the financial services provider’s stock worth $755,460,000 after purchasing an additional 846,176 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its holdings in Chubb by 60.3% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 2,099,805 shares of the financial services provider’s stock worth $280,619,000 after purchasing an additional 789,635 shares in the last quarter. Institutional investors own 87.58% of the company’s stock.

In other news, Director Michael G. Atieh sold 1,200 shares of the business’s stock in a transaction that occurred on Wednesday, November 28th. The stock was sold at an average price of $133.27, for a total value of $159,924.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold a total of 1,242 shares of company stock worth $165,544 over the last three months. 0.44% of the stock is currently owned by corporate insiders.

Several brokerages have recently weighed in on CB. Citigroup dropped their price objective on shares of Chubb from $150.00 to $145.00 and set a “buy” rating on the stock in a report on Thursday, October 25th. Zacks Investment Research downgraded shares of Chubb from a “hold” rating to a “sell” rating in a report on Wednesday. Deutsche Bank cut their price target on shares of Chubb from $123.00 to $121.00 and set a “sell” rating on the stock in a report on Monday. Wells Fargo & Co reiterated a “buy” rating and issued a $160.00 price target on shares of Chubb in a report on Monday, December 3rd. Finally, Morgan Stanley cut their price target on shares of Chubb from $166.00 to $153.00 and set an “overweight” rating on the stock in a report on Wednesday, November 14th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $155.78.

Shares of NYSE:CB traded down $0.04 during trading on Friday, reaching $129.49. 65,800 shares of the stock were exchanged, compared to its average volume of 1,690,835. Chubb Ltd has a 12 month low of $119.54 and a 12 month high of $157.50. The stock has a market cap of $58.96 billion, a PE ratio of 16.13, a P/E/G ratio of 1.16 and a beta of 0.91. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.24.

Chubb (NYSE:CB) last announced its quarterly earnings results on Tuesday, October 23rd. The financial services provider reported $2.41 earnings per share for the quarter, beating the consensus estimate of $2.39 by $0.02. Chubb had a net margin of 15.37% and a return on equity of 9.71%. The firm had revenue of $7.55 billion for the quarter, compared to analysts’ expectations of $7.63 billion. During the same quarter in the previous year, the company posted ($0.13) EPS. The company’s revenue was up 2.5% compared to the same quarter last year. Equities research analysts expect that Chubb Ltd will post 9.55 earnings per share for the current year.

Chubb announced that its Board of Directors has authorized a stock repurchase plan on Thursday, November 15th that allows the company to buyback $1.50 billion in shares. This buyback authorization allows the financial services provider to reacquire up to 2.6% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

The business also recently declared a quarterly dividend, which will be paid on Friday, January 11th. Investors of record on Friday, December 21st will be given a dividend of $0.73 per share. This represents a $2.92 annualized dividend and a yield of 2.26%. The ex-dividend date is Thursday, December 20th. Chubb’s dividend payout ratio (DPR) is presently 36.36%.

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Chubb Company Profile

Chubb Limited, through its subsidiaries, provides insurance and reinsurance products worldwide. Its North America Commercial P&C Insurance segment offers commercial property, marine, general casualty, workers' compensation, package policies, and risk management; and professional lines, marine, construction, environmental, medical, cyber risk, and excess casualty, as well as group accident and health insurance to large, middle market, and small commercial businesses in the United States, Canada, and Bermuda.

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Institutional Ownership by Quarter for Chubb (NYSE:CB)

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