Sabal Trust CO Buys New Position in Chubb Ltd (CB)

Sabal Trust CO acquired a new position in shares of Chubb Ltd (NYSE:CB) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 112,785 shares of the financial services provider’s stock, valued at approximately $15,799,000.

Several other large investors also recently modified their holdings of CB. Mercer Global Advisors Inc. ADV acquired a new stake in shares of Chubb during the 1st quarter worth about $316,000. Valeo Financial Advisors LLC lifted its holdings in shares of Chubb by 9.5% during the 1st quarter. Valeo Financial Advisors LLC now owns 2,618 shares of the financial services provider’s stock worth $367,000 after acquiring an additional 227 shares during the period. Calamos Advisors LLC lifted its holdings in shares of Chubb by 0.4% during the 1st quarter. Calamos Advisors LLC now owns 225,592 shares of the financial services provider’s stock worth $31,601,000 after acquiring an additional 824 shares during the period. Denali Advisors LLC purchased a new position in shares of Chubb during the 1st quarter worth about $13,168,000. Finally, Buckley Wealth Management LLC lifted its holdings in shares of Chubb by 1.8% during the 1st quarter. Buckley Wealth Management LLC now owns 4,068 shares of the financial services provider’s stock worth $570,000 after acquiring an additional 73 shares during the period. Institutional investors and hedge funds own 88.72% of the company’s stock.

CB stock opened at $145.05 on Friday. Chubb Ltd has a twelve month low of $119.54 and a twelve month high of $145.76. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.34 and a quick ratio of 0.32. The company has a market cap of $66.47 billion, a PE ratio of 15.37, a P/E/G ratio of 1.38 and a beta of 0.82.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, April 30th. The financial services provider reported $2.54 earnings per share for the quarter, topping analysts’ consensus estimates of $2.49 by $0.05. Chubb had a net margin of 11.55% and a return on equity of 8.76%. The business had revenue of $8.01 billion during the quarter, compared to the consensus estimate of $7.55 billion. During the same quarter last year, the company earned $2.34 earnings per share. On average, analysts anticipate that Chubb Ltd will post 10.54 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 22nd were issued a $0.73 dividend. This represents a $2.92 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date of this dividend was Thursday, March 21st. Chubb’s dividend payout ratio is presently 30.93%.

CB has been the topic of several recent analyst reports. Deutsche Bank cut their price objective on shares of Chubb from $123.00 to $121.00 and set a “sell” rating on the stock in a report on Monday, January 7th. Zacks Investment Research lowered shares of Chubb from a “hold” rating to a “sell” rating in a report on Wednesday, January 9th. Compass Point initiated coverage on shares of Chubb in a report on Tuesday, January 15th. They issued a “buy” rating and a $165.00 price target on the stock. Wells Fargo & Co set a $160.00 price target on shares of Chubb and gave the company a “buy” rating in a report on Friday, January 18th. Finally, Raymond James cut their price target on shares of Chubb from $160.00 to $150.00 and set an “outperform” rating on the stock in a report on Monday, February 11th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $151.00.

In other Chubb news, insider John J. Lupica sold 17,879 shares of Chubb stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $134.95, for a total value of $2,412,771.05. Following the completion of the transaction, the insider now owns 192,265 shares of the company’s stock, valued at $25,946,161.75. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Paul J. Krump sold 3,450 shares of Chubb stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $145.00, for a total transaction 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 approximately $20,178,200. The disclosure for this sale can be found here. In the last ninety days, insiders sold 23,766 shares of company stock valued at $3,239,433. 0.47% of the stock is currently owned by corporate insiders.

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Chubb Company Profile

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.

Read More: Certificate of Deposit (CD)

Institutional Ownership by Quarter for Chubb (NYSE:CB)

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