Unified Trust Company N.A. Purchases 1,965 Shares of Chubb Limited (NYSE:CB)

Unified Trust Company N.A. grew its position in Chubb Limited (NYSE:CB) by 7.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 28,945 shares of the financial services provider’s stock after acquiring an additional 1,965 shares during the period. Unified Trust Company N.A.’s holdings in Chubb were worth $4,601,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. First Personal Financial Services bought a new position in Chubb in the 2nd quarter worth approximately $34,000. Altshuler Shaham Ltd bought a new position in Chubb in the 1st quarter worth approximately $34,000. Samalin Investment Counsel LLC bought a new position in Chubb in the 2nd quarter worth approximately $35,000. Gradient Investments LLC raised its position in Chubb by 145.1% in the 2nd quarter. Gradient Investments LLC now owns 223 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 132 shares during the last quarter. Finally, Capital Directions Investment Advisors LLC bought a new position in Chubb in the 2nd quarter worth approximately $36,000. Institutional investors own 86.68% of the company’s stock.

In other news, insider John J. Lupica sold 10,140 shares of the company’s stock in a transaction dated Wednesday, August 11th. The shares were sold at an average price of $180.00, for a total value of $1,825,200.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Joseph F. Wayland sold 5,277 shares of the stock in a transaction dated Tuesday, September 7th. The shares were sold at an average price of $181.92, for a total transaction of $959,991.84. Following the completion of the transaction, the executive vice president now directly owns 79,088 shares in the company, valued at $14,387,688.96. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 59,188 shares of company stock valued at $10,920,772. Company insiders own 0.41% of the company’s stock.

Several analysts have commented on the stock. upped their target price on shares of Chubb from $187.00 to $190.00 and gave the company a “buy” rating in a research report on Monday, June 21st. Raymond James reiterated a “buy” rating and set a $200.00 target price on shares of Chubb in a research report on Monday, July 26th. Royal Bank of Canada upped their target price on shares of Chubb from $184.00 to $195.00 and gave the company an “outperform” rating in a research report on Thursday, July 29th. Zacks Investment Research cut shares of Chubb from a “buy” rating to a “hold” rating and set a $185.00 target price for the company. in a research report on Tuesday, September 28th. Finally, William Blair reiterated a “market perform” rating on shares of Chubb in a research report on Wednesday, July 28th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $180.56.

NYSE CB traded up $2.11 on Thursday, reaching $184.35. The company had a trading volume of 45,218 shares, compared to its average volume of 1,876,798. The firm has a market capitalization of $80.88 billion, a price-to-earnings ratio of 10.18, a price-to-earnings-growth ratio of 1.45 and a beta of 0.73. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.32 and a current ratio of 0.32. Chubb Limited has a 1-year low of $116.50 and a 1-year high of $187.90. The company’s fifty day moving average is $180.65 and its 200-day moving average is $170.78.

Chubb (NYSE:CB) last posted its quarterly earnings data on Monday, July 26th. The financial services provider reported $3.62 EPS for the quarter, topping the Zacks’ consensus estimate of $3.01 by $0.61. Chubb had a net margin of 20.42% and a return on equity of 8.70%. The company had revenue of $9.55 billion during the quarter, compared to the consensus estimate of $8.35 billion. During the same period in the prior year, the business posted ($0.56) EPS. The company’s quarterly revenue was up 23.4% on a year-over-year basis. On average, research analysts forecast that Chubb Limited will post 12.42 earnings per share for the current year.

Chubb declared that its Board of Directors has initiated a share buyback program on Monday, July 19th that allows the company to buyback $5.00 billion in outstanding shares. This buyback authorization allows the financial services provider to buy up to 6.9% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its stock is undervalued.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 8th. Stockholders of record on Friday, September 17th were paid a dividend of $0.80 per share. The ex-dividend date of this dividend was Thursday, September 16th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.74%. Chubb’s dividend payout ratio is 43.78%.

Chubb Company Profile

Chubb Ltd. is a holding company, which engages in the provision of commercial and personal property and casualty insurance, personal accident and accident and health (A&H), reinsurance, and life insurance. It operates through the following segments: North America Commercial Property and Casualty (P&C) Insurance, North America Personal P&C Insurance, North America Agricultural Insurance, Overseas General Insurance, Global Reinsurance, and Life Insurance.

Further Reading: Forex

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Institutional Ownership by Quarter for Chubb (NYSE:CB)

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