Stock Yards Bank & Trust Co. Buys 252 Shares of Chubb Limited (NYSE:CB)

Stock Yards Bank & Trust Co. raised its stake in shares of Chubb Limited (NYSE:CB) by 8.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,255 shares of the financial services provider’s stock after acquiring an additional 252 shares during the quarter. Stock Yards Bank & Trust Co.’s holdings in Chubb were worth $736,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. ZRC Wealth Management LLC bought a new stake in Chubb during the 4th quarter valued at $29,000. Tennessee Valley Asset Management Partners acquired a new stake in shares of Chubb in the 4th quarter worth $32,000. Naples Money Management LLC acquired a new stake in shares of Chubb in the 4th quarter worth $34,000. Bell Investment Advisors Inc boosted its position in shares of Chubb by 39.6% in the 3rd quarter. Bell Investment Advisors Inc now owns 208 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 59 shares in the last quarter. Finally, Fortitude Family Office LLC acquired a new stake in shares of Chubb in the 4th quarter worth $59,000. Institutional investors own 83.81% of the company’s stock.

Chubb Stock Performance

NYSE CB opened at $249.88 on Wednesday. The stock has a 50-day simple moving average of $252.64 and a two-hundred day simple moving average of $235.15. The firm has a market capitalization of $101.45 billion, a P/E ratio of 11.45, a PEG ratio of 1.17 and a beta of 0.62. Chubb Limited has a fifty-two week low of $183.71 and a fifty-two week high of $260.58. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.29 and a current ratio of 0.29.

Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, January 30th. The financial services provider reported $8.30 earnings per share for the quarter, beating analysts’ consensus estimates of $5.07 by $3.23. The business had revenue of $13.38 billion during the quarter, compared to analyst estimates of $12.88 billion. Chubb had a return on equity of 16.45% and a net margin of 18.11%. On average, equities analysts forecast that Chubb Limited will post 21.32 earnings per share for the current year.

Chubb Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Friday, March 15th were paid a $0.86 dividend. The ex-dividend date was Thursday, March 14th. This represents a $3.44 annualized dividend and a dividend yield of 1.38%. Chubb’s dividend payout ratio is presently 15.76%.

Insider Activity at Chubb

In related news, CAO Annmarie T. Hagan sold 7,180 shares of Chubb stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $245.04, for a total value of $1,759,387.20. Following the completion of the transaction, the chief accounting officer now owns 6,105 shares in the company, valued at approximately $1,495,969.20. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CAO Annmarie T. Hagan sold 7,180 shares of Chubb stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $245.04, for a total value of $1,759,387.20. Following the completion of the transaction, the chief accounting officer now owns 6,105 shares in the company, valued at approximately $1,495,969.20. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Timothy Alan Boroughs sold 14,303 shares of Chubb stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $258.78, for a total value of $3,701,330.34. Following the completion of the transaction, the executive vice president now owns 35,662 shares of the company’s stock, valued at approximately $9,228,612.36. The disclosure for this sale can be found here. Insiders sold a total of 116,043 shares of company stock worth $29,766,694 in the last 90 days. Corporate insiders own 0.86% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. StockNews.com raised Chubb from a “hold” rating to a “buy” rating in a research report on Saturday, March 30th. Evercore ISI raised their price objective on Chubb from $270.00 to $281.00 and gave the stock an “outperform” rating in a research report on Thursday, April 11th. Wells Fargo & Company raised their target price on Chubb from $234.00 to $255.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 1st. Citigroup restated a “neutral” rating and issued a $275.00 target price (up previously from $238.00) on shares of Chubb in a research note on Thursday, March 14th. Finally, Keefe, Bruyette & Woods raised their target price on Chubb from $275.00 to $297.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 10th. Nine investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Chubb currently has a consensus rating of “Moderate Buy” and a consensus price target of $266.37.

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.