Farmers Trust Co. Sells 530 Shares of Chubb Limited (NYSE:CB)

Farmers Trust Co. trimmed its position in Chubb Limited (NYSE:CB) by 2.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 20,736 shares of the financial services provider’s stock after selling 530 shares during the period. Farmers Trust Co.’s holdings in Chubb were worth $5,729,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the business. Strategic Financial Concepts LLC acquired a new stake in shares of Chubb in the 2nd quarter valued at about $28,000. Continuum Advisory LLC raised its position in shares of Chubb by 56.5% in the third quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 35 shares during the period. Kozak & Associates Inc. bought a new stake in Chubb in the 3rd quarter valued at $29,000. Gordian Capital Singapore Pte Ltd acquired a new position in shares of Chubb in the third quarter valued at about $29,000. Finally, Raelipskie Partnership acquired a new position in shares of Chubb during the 3rd quarter worth approximately $29,000. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Wells Fargo & Company increased their price objective on shares of Chubb from $266.00 to $268.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 5th. Morgan Stanley increased their price objective on Chubb from $295.00 to $300.00 and gave the company an “equal weight” rating in a report on Wednesday, October 30th. Jefferies Financial Group upped their price objective on shares of Chubb from $294.00 to $295.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. JMP Securities boosted their price objective on Chubb from $300.00 to $325.00 and gave the company a “market outperform” rating in a research note on Wednesday, October 30th. Finally, Evercore ISI upped their price objective on shares of Chubb from $289.00 to $293.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $286.16.

Chubb Price Performance

CB stock traded down $3.16 during mid-day trading on Wednesday, reaching $265.60. 1,707,192 shares of the company traded hands, compared to its average volume of 1,677,851. Chubb Limited has a 52-week low of $222.85 and a 52-week high of $302.05. The company has a market capitalization of $107.06 billion, a P/E ratio of 10.88, a P/E/G ratio of 6.43 and a beta of 0.67. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.28 and a quick ratio of 0.28. The company has a fifty day moving average price of $280.03 and a 200-day moving average price of $278.08.

Chubb (NYSE:CB) last issued its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.98 by $0.74. Chubb had a return on equity of 15.46% and a net margin of 18.32%. The company had revenue of $13.83 billion for the quarter, compared to the consensus estimate of $14.16 billion. During the same quarter last year, the business posted $4.95 earnings per share. The firm’s revenue was up 5.5% compared to the same quarter last year. As a group, analysts anticipate that Chubb Limited will post 21.82 earnings per share for the current year.

Chubb Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 13th were given a dividend of $0.91 per share. The ex-dividend date was Friday, December 13th. This represents a $3.64 dividend on an annualized basis and a yield of 1.37%. Chubb’s payout ratio is 14.91%.

Chubb 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.