American National Bank & Trust Co. VA Invests $764,000 in Chubb Limited (NYSE:CB)

American National Bank & Trust Co. VA acquired a new position in shares of Chubb Limited (NYSE:CB) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,947 shares of the financial services provider’s stock, valued at approximately $764,000.

Other large investors also recently modified their holdings of the company. Alphinity Investment Management Pty Ltd lifted its stake in Chubb by 155.8% in the 4th quarter. Alphinity Investment Management Pty Ltd now owns 532,015 shares of the financial services provider’s stock valued at $120,235,000 after purchasing an additional 324,019 shares during the last quarter. ING Groep NV lifted its position in Chubb by 175,378.1% during the fourth quarter. ING Groep NV now owns 112,306 shares of the financial services provider’s stock worth $25,381,000 after acquiring an additional 112,242 shares during the last quarter. Graypoint LLC lifted its position in Chubb by 1,275.7% during the fourth quarter. Graypoint LLC now owns 31,599 shares of the financial services provider’s stock worth $7,141,000 after acquiring an additional 29,302 shares during the last quarter. BKM Wealth Management LLC acquired a new stake in Chubb during the fourth quarter worth approximately $1,403,000. Finally, Bison Wealth LLC acquired a new stake in Chubb during the fourth quarter worth approximately $263,000. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Chubb

In other news, EVP Peter C. Enns sold 8,200 shares of the business’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $266.06, for a total transaction of $2,181,692.00. Following the completion of the sale, the executive vice president now directly owns 45,853 shares of the company’s stock, valued at $12,199,649.18. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Chubb news, CAO Annmarie T. Hagan sold 1,529 shares of the company’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $263.81, for a total value of $403,365.49. Following the completion of the sale, the chief accounting officer now directly owns 7,718 shares of the company’s stock, valued at approximately $2,036,085.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Peter C. Enns sold 8,200 shares of the company’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $266.06, for a total transaction of $2,181,692.00. Following the completion of the sale, the executive vice president now directly owns 45,853 shares of the company’s stock, valued at $12,199,649.18. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 47,552 shares of company stock valued at $12,149,985. Corporate insiders own 0.86% of the company’s stock.

Chubb Trading Down 0.6 %

CB stock traded down $1.49 during midday trading on Thursday, hitting $254.08. The stock had a trading volume of 735,112 shares, compared to its average volume of 1,347,699. The firm has a market cap of $103.17 billion, a P/E ratio of 11.28, a price-to-earnings-growth ratio of 6.17 and a beta of 0.66. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.21. Chubb Limited has a 1-year low of $186.52 and a 1-year high of $275.41. The business has a fifty day moving average price of $259.69 and a two-hundred day moving average price of $249.31.

Chubb (NYSE:CB) last released its earnings results on Tuesday, April 23rd. The financial services provider reported $5.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.29 by $0.12. The business had revenue of $12.22 billion for the quarter, compared to analyst estimates of $11.75 billion. Chubb had a net margin of 17.99% and a return on equity of 16.29%. Chubb’s revenue for the quarter was up 14.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.41 earnings per share. On average, sell-side analysts predict that Chubb Limited will post 21.03 earnings per share for the current fiscal year.

Chubb Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 5th. Shareholders of record on Friday, June 14th will be paid a $0.91 dividend. This is an increase from Chubb’s previous quarterly dividend of $0.86. This represents a $3.64 annualized dividend and a yield of 1.43%. The ex-dividend date is Friday, June 14th. Chubb’s payout ratio is 16.16%.

Analysts Set New Price Targets

Several brokerages have issued reports on CB. JPMorgan Chase & Co. raised their price objective on shares of Chubb from $253.00 to $266.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. Evercore ISI raised their target price on shares of Chubb from $270.00 to $281.00 and gave the stock an “outperform” rating in a report on Thursday, April 11th. StockNews.com cut shares of Chubb from a “buy” rating to a “hold” rating in a report on Wednesday, April 24th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $285.00 target price on shares of Chubb in a report on Friday, June 28th. Finally, Bank of America raised shares of Chubb from an “underperform” rating to a “neutral” rating and raised their target price for the stock from $244.00 to $266.00 in a report on Thursday, May 23rd. One analyst has rated the stock with a sell rating, eleven have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Chubb has an average rating of “Hold” and a consensus target price of $266.70.

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.