First Financial Corp IN decreased its position in Chubb Ltd (NYSE:CB) by 25.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 823 shares of the financial services provider’s stock after selling 276 shares during the period. First Financial Corp IN’s holdings in Chubb were worth $115,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently modified their holdings of CB. Claybrook Capital LLC acquired a new stake in shares of Chubb during the fourth quarter worth about $25,000. Gradient Investments LLC raised its position in Chubb by 260.0% in the 4th quarter. Gradient Investments LLC now owns 216 shares of the financial services provider’s stock valued at $28,000 after buying an additional 156 shares during the last quarter. Pin Oak Investment Advisors Inc. raised its position in Chubb by 114.7% in the 4th quarter. Pin Oak Investment Advisors Inc. now owns 219 shares of the financial services provider’s stock valued at $28,000 after buying an additional 117 shares during the last quarter. Executive Wealth Management LLC acquired a new stake in Chubb in the 4th quarter valued at approximately $29,000. Finally, Sageworth Trust Co acquired a new stake in Chubb in the 1st quarter valued at approximately $29,000. Hedge funds and other institutional investors own 88.72% of the company’s stock.
CB has been the subject of a number of analyst reports. Credit Suisse Group downgraded Chubb from a “neutral” rating to an “underperform” rating and decreased their price target for the company from $141.00 to $131.00 in a research note on Wednesday, February 27th. Zacks Investment Research downgraded Chubb from a “hold” rating to a “sell” rating in a research note on Wednesday, January 9th. Wells Fargo & Co restated a “buy” rating and issued a $157.00 price target on shares of Chubb in a research note on Tuesday, April 30th. Raymond James decreased their price target on Chubb from $160.00 to $150.00 and set an “outperform” rating for the company in a research note on Monday, February 11th. Finally, Compass Point initiated coverage on Chubb in a research note on Tuesday, January 15th. They issued a “buy” rating and a $165.00 price target for the company. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $151.00.
Chubb (NYSE:CB) last issued its earnings results on Tuesday, April 30th. The financial services provider reported $2.54 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.49 by $0.05. Chubb had a return on equity of 8.83% and a net margin of 11.55%. The company had revenue of $8.01 billion during the quarter, compared to the consensus estimate of $7.55 billion. During the same period in the previous year, the company posted $2.34 EPS. On average, research analysts expect that Chubb Ltd will post 10.53 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 22nd were paid a $0.73 dividend. The ex-dividend date was Thursday, March 21st. This represents a $2.92 annualized dividend and a yield of 2.01%. Chubb’s dividend payout ratio (DPR) is presently 30.93%.
In other Chubb news, insider Paul Bennett Medini sold 2,437 shares of Chubb stock in a transaction on Wednesday, February 20th. The stock was sold at an average price of $133.94, for a total value of $326,411.78. Following the completion of the transaction, the insider now directly owns 95,101 shares of the company’s stock, valued at approximately $12,737,827.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Paul J. Krump sold 3,450 shares of Chubb stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $145.00, for a total value of $500,250.00. Following the completion of the transaction, the insider now directly owns 139,160 shares of the company’s stock, valued at $20,178,200. The disclosure for this sale can be found here. Insiders sold a total of 23,766 shares of company stock valued at $3,239,433 over the last 90 days. 0.47% of the stock is currently owned by corporate insiders.
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Chubb Limited, through its subsidiaries, provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, marine, general casualty, workers' compensation, package policies, and risk management; professional lines, marine, construction, environmental, medical, cyber risk, surety, and excess casualty; and group accident and health insurance to large, middle market, and small commercial businesses in the United States, Canada, and Bermuda.
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