Country Trust Bank Purchases 3,810 Shares of Chubb Limited (NYSE:CB)

Country Trust Bank raised its holdings in shares of Chubb Limited (NYSE:CB - Free Report) by 2.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 149,426 shares of the financial services provider's stock after acquiring an additional 3,810 shares during the period. Country Trust Bank's holdings in Chubb were worth $43,093,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in CB. Cresset Asset Management LLC boosted its position in shares of Chubb by 13.8% during the fourth quarter. Cresset Asset Management LLC now owns 66,723 shares of the financial services provider's stock worth $15,131,000 after purchasing an additional 8,083 shares in the last quarter. Symmetry Investments LP bought a new stake in shares of Chubb in the fourth quarter worth about $268,000. MGO One Seven LLC raised its position in shares of Chubb by 8.4% during the fourth quarter. MGO One Seven LLC now owns 8,445 shares of the financial services provider's stock worth $1,908,000 after purchasing an additional 653 shares during the period. Bridgewater Associates LP bought a new position in shares of Chubb during the 4th quarter valued at about $19,501,000. Finally, Ethic Inc. grew its position in shares of Chubb by 0.3% in the 4th quarter. Ethic Inc. now owns 35,127 shares of the financial services provider's stock valued at $7,939,000 after purchasing an additional 114 shares during the period. Institutional investors and hedge funds own 83.81% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Jefferies Financial Group lifted their price target on shares of Chubb from $294.00 to $295.00 and gave the company a "hold" rating in a research note on Wednesday. Royal Bank of Canada boosted their price objective on shares of Chubb from $285.00 to $295.00 and gave the company an "outperform" rating in a research report on Thursday, July 25th. JPMorgan Chase & Co. increased their target price on Chubb from $266.00 to $286.00 and gave the stock a "neutral" rating in a report on Thursday, July 11th. JMP Securities boosted their price target on Chubb from $280.00 to $300.00 and gave the company a "market outperform" rating in a report on Wednesday, July 24th. Finally, Roth Mkm increased their price objective on Chubb from $280.00 to $300.00 and gave the stock a "buy" rating in a report on Wednesday, July 24th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $281.00.

Chubb Stock Performance

Chubb stock traded up $2.87 during mid-day trading on Wednesday, hitting $282.83. 1,084,302 shares of the company's stock traded hands, compared to its average volume of 1,632,300. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.31 and a quick ratio of 0.31. The firm has a 50 day simple moving average of $281.42 and a two-hundred day simple moving average of $266.19. Chubb Limited has a fifty-two week low of $205.64 and a fifty-two week high of $294.18. The stock has a market cap of $114.85 billion, a price-to-earnings ratio of 12.55, a P/E/G ratio of 5.74 and a beta of 0.66.

Chubb (NYSE:CB - Get Free Report) last announced its earnings results on Tuesday, July 23rd. The financial services provider reported $5.38 EPS for the quarter, topping the consensus estimate of $5.04 by $0.34. The business had revenue of $13.36 billion during the quarter, compared to the consensus estimate of $13.04 billion. Chubb had a net margin of 18.14% and a return on equity of 15.77%. Chubb's revenue was up 11.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.92 EPS. On average, research analysts expect that Chubb Limited will post 21.21 EPS for the current fiscal year.

Chubb Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Friday, September 13th were paid a dividend of $0.91 per share. The ex-dividend date was Friday, September 13th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.29%. Chubb's dividend payout ratio (DPR) is currently 16.16%.

Insider Buying and Selling

In other news, Director Michael G. Atieh sold 261 shares of Chubb stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $287.49, for a total transaction of $75,034.89. Following the completion of the sale, the director now owns 39,172 shares of the company's stock, valued at approximately $11,261,558.28. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Chubb news, Director Michael G. Atieh sold 261 shares of the firm's stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $287.49, for a total transaction of $75,034.89. Following the transaction, the director now owns 39,172 shares in the company, valued at $11,261,558.28. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Evan G. Greenberg sold 30,537 shares of Chubb stock in a transaction on Friday, September 6th. The shares were sold at an average price of $287.25, for a total value of $8,771,753.25. Following the completion of the transaction, the chief executive officer now directly owns 583,982 shares of the company's stock, valued at $167,748,829.50. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 86,636 shares of company stock valued at $24,874,208. Insiders own 0.86% of the company's stock.

Chubb Company Profile

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.