Trustmark National Bank Trust Department Cuts Stake in Chubb Limited (NYSE:CB)

Trustmark National Bank Trust Department lessened its holdings in shares of Chubb Limited (NYSE:CB) by 34.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,154 shares of the financial services provider’s stock after selling 596 shares during the period. Trustmark National Bank Trust Department’s holdings in Chubb were worth $222,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of CB. Fairfield Bush & CO. purchased a new stake in Chubb during the 1st quarter valued at about $195,000. Roundview Capital LLC grew its stake in shares of Chubb by 2.6% in the 1st quarter. Roundview Capital LLC now owns 4,165 shares of the financial services provider’s stock valued at $891,000 after buying an additional 106 shares during the period. Sequoia Financial Advisors LLC grew its stake in shares of Chubb by 59.8% in the 1st quarter. Sequoia Financial Advisors LLC now owns 3,029 shares of the financial services provider’s stock valued at $648,000 after buying an additional 1,134 shares during the period. Brighton Jones LLC grew its stake in shares of Chubb by 18.7% in the 1st quarter. Brighton Jones LLC now owns 1,287 shares of the financial services provider’s stock valued at $276,000 after buying an additional 203 shares during the period. Finally, Baird Financial Group Inc. grew its stake in shares of Chubb by 22.0% in the 1st quarter. Baird Financial Group Inc. now owns 154,794 shares of the financial services provider’s stock valued at $33,110,000 after buying an additional 27,926 shares during the period. Hedge funds and other institutional investors own 86.30% of the company’s stock.

Chubb Price Performance

Chubb stock opened at $222.63 on Friday. The firm has a market cap of $90.83 billion, a PE ratio of 13.15, a price-to-earnings-growth ratio of 1.14 and a beta of 0.61. Chubb Limited has a 52-week low of $183.40 and a 52-week high of $231.37. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.24. The company’s 50 day moving average is $213.41 and its two-hundred day moving average is $202.61.

Chubb (NYSE:CB) last released its earnings results on Tuesday, October 24th. The financial services provider reported $4.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.21 by $0.74. The company had revenue of $14.09 billion for the quarter, compared to analyst estimates of $13.16 billion. Chubb had a net margin of 14.58% and a return on equity of 14.26%. On average, research analysts expect that Chubb Limited will post 19.18 EPS for the current fiscal year.

Chubb Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 5th. Shareholders of record on Friday, December 15th will be issued a dividend of $0.86 per share. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $3.44 dividend on an annualized basis and a yield of 1.55%. Chubb’s dividend payout ratio (DPR) is presently 20.32%.

Analyst Ratings Changes

Several analysts have recently weighed in on CB shares. Morgan Stanley increased their price target on shares of Chubb from $224.00 to $226.00 and gave the company an “equal weight” rating in a research note on Thursday, October 26th. Deutsche Bank Aktiengesellschaft started coverage on shares of Chubb in a research note on Wednesday, October 4th. They issued a “buy” rating and a $269.00 price target for the company. Citigroup increased their price target on shares of Chubb from $235.00 to $238.00 and gave the company a “buy” rating in a research note on Tuesday, October 10th. JPMorgan Chase & Co. cut shares of Chubb from an “overweight” rating to a “neutral” rating and set a $250.00 price target for the company. in a research note on Monday, October 2nd. Finally, JMP Securities restated a “market outperform” rating and issued a $250.00 price objective on shares of Chubb in a report on Wednesday, July 26th. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $243.71.

Insider Buying and Selling at Chubb

In other Chubb news, EVP Juan Luis Ortega sold 1,508 shares of the stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $218.63, for a total value of $329,694.04. Following the sale, the executive vice president now directly owns 49,940 shares of the company’s stock, valued at approximately $10,918,382.20. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Chubb news, insider John J. Lupica sold 17,810 shares of the stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $218.76, for a total value of $3,896,115.60. Following the sale, the insider now directly owns 136,239 shares of the company’s stock, valued at approximately $29,803,643.64. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Juan Luis Ortega sold 1,508 shares of the stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $218.63, for a total transaction of $329,694.04. Following the completion of the sale, the executive vice president now directly owns 49,940 shares in the company, valued at $10,918,382.20. The disclosure for this sale can be found here. In the last three months, insiders have sold 58,665 shares of company stock valued at $12,597,136. Insiders own 0.37% of the company’s stock.

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, cyber risk, surety, and excess casualty; and group accident and health insurance to large, middle market, and small commercial businesses.