Raymond James Trust N.A. Purchases 2,236 Shares of Chubb Limited (NYSE:CB)

Raymond James Trust N.A. boosted its holdings in Chubb Limited (NYSE:CB - Free Report) by 4.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 48,984 shares of the financial services provider's stock after buying an additional 2,236 shares during the period. Raymond James Trust N.A.'s holdings in Chubb were worth $14,126,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CB. Ameriprise Financial Inc. grew its holdings in Chubb by 1.3% during the second quarter. Ameriprise Financial Inc. now owns 4,933,389 shares of the financial services provider's stock valued at $1,258,202,000 after purchasing an additional 63,891 shares during the period. Legal & General Group Plc raised its stake in Chubb by 2.9% during the 2nd quarter. Legal & General Group Plc now owns 3,679,874 shares of the financial services provider's stock worth $938,663,000 after buying an additional 104,986 shares during the period. Lazard Asset Management LLC grew its stake in Chubb by 14.8% in the first quarter. Lazard Asset Management LLC now owns 3,543,763 shares of the financial services provider's stock valued at $918,294,000 after acquiring an additional 457,881 shares during the period. Raymond James & Associates increased its holdings in shares of Chubb by 2.9% in the second quarter. Raymond James & Associates now owns 3,051,081 shares of the financial services provider's stock worth $778,270,000 after acquiring an additional 87,059 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Chubb by 7.5% during the second quarter. Dimensional Fund Advisors LP now owns 2,297,706 shares of the financial services provider's stock worth $586,207,000 after purchasing an additional 160,335 shares during the period. 83.81% of the stock is owned by institutional investors.

Insider Transactions at Chubb

In other news, EVP Joseph F. Wayland sold 6,599 shares of Chubb stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $287.06, for a total transaction of $1,894,308.94. Following the transaction, the executive vice president now owns 84,101 shares in the company, valued at approximately $24,142,033.06. The trade was a 7.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Evan G. Greenberg sold 30,318 shares of the stock in a transaction on Monday, September 9th. The shares were sold at an average price of $289.60, for a total value of $8,780,092.80. Following the completion of the sale, the chief executive officer now owns 553,664 shares of the company's stock, valued at $160,341,094.40. The trade was a 5.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 82,715 shares of company stock valued at $23,803,540. 0.86% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have commented on CB shares. Royal Bank of Canada raised their target price on shares of Chubb from $285.00 to $295.00 and gave the stock an "outperform" rating in a report on Thursday, July 25th. JPMorgan Chase & Co. upped their target price on shares of Chubb from $291.00 to $294.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 30th. Barclays started coverage on Chubb in a report on Wednesday, September 4th. They issued an "overweight" rating and a $349.00 price target on the stock. Morgan Stanley increased their price objective on Chubb from $295.00 to $300.00 and gave the stock an "equal weight" rating in a report on Wednesday, October 30th. Finally, Bank of America upped their price target on Chubb from $275.00 to $282.00 and gave the stock an "underperform" rating in a research report on Thursday, October 10th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $287.37.

Chubb Price Performance

Shares of CB traded up $0.10 during trading hours on Friday, hitting $285.21. 1,718,242 shares of the company were exchanged, compared to its average volume of 1,603,231. The firm's fifty day moving average is $287.54 and its 200 day moving average is $274.03. The company has a market cap of $114.97 billion, a price-to-earnings ratio of 11.69, a P/E/G ratio of 6.62 and a beta of 0.67. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.21. Chubb Limited has a fifty-two week low of $216.90 and a fifty-two week high of $302.05.

Chubb (NYSE:CB - Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.98 by $0.74. The business had revenue of $13.83 billion for the quarter, compared to analysts' expectations of $14.16 billion. Chubb had a net margin of 18.32% and a return on equity of 15.46%. The firm's quarterly revenue was up 5.5% compared to the same quarter last year. During the same period last year, the firm posted $4.95 earnings per share. On average, equities analysts anticipate that Chubb Limited will post 21.77 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 13th will be given a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date of this dividend is Friday, December 13th. Chubb's dividend payout ratio is presently 14.91%.

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.