Bokf Na Has $3.18 Million Holdings in Chubb Limited (NYSE:CB)

Bokf Na decreased its stake in shares of Chubb Limited (NYSE:CB) by 3.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 12,334 shares of the financial services provider’s stock after selling 431 shares during the quarter. Bokf Na’s holdings in Chubb were worth $3,175,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in CB. Ables Iannone Moore & Associates Inc. bought a new stake in Chubb in the fourth quarter valued at about $29,000. Wellington Shields Capital Management LLC acquired a new position in shares of Chubb in the 1st quarter worth approximately $29,000. Tennessee Valley Asset Management Partners bought a new position in shares of Chubb during the 4th quarter worth approximately $32,000. Northwest Financial Advisors bought a new stake in Chubb in the fourth quarter valued at $33,000. Finally, Naples Money Management LLC bought a new stake in shares of Chubb during the fourth quarter valued at approximately $34,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Analyst Ratings Changes

CB has been the subject of several research analyst reports. William Blair downgraded Chubb from a “market perform” rating to an “underperform” rating in a report on Friday, June 28th. JMP Securities upped their price target on Chubb from $280.00 to $300.00 and gave the company a “market outperform” rating in a research note on Wednesday, July 24th. Evercore ISI lifted 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. Bank of America raised their price target on Chubb from $257.00 to $264.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 24th. Finally, The Goldman Sachs Group boosted their price objective on Chubb from $228.00 to $254.00 and gave the company a “neutral” rating in a research report on Friday, April 12th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $270.21.

Chubb Stock Performance

Shares of CB stock traded down $0.30 during midday trading on Monday, hitting $269.76. 125,726 shares of the company were exchanged, compared to its average volume of 1,640,649. Chubb Limited has a 52 week low of $198.10 and a 52 week high of $275.41. The firm has a market capitalization of $109.54 billion, a P/E ratio of 11.99, a PEG ratio of 5.18 and a beta of 0.66. The firm’s 50 day moving average price is $262.03 and its two-hundred day moving average price is $253.81. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.29 and a current ratio of 0.36.

Chubb (NYSE:CB) last issued its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $5.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.04 by $0.34. Chubb had a return on equity of 15.77% and a net margin of 18.14%. The company had revenue of $13.36 billion during the quarter, compared to analysts’ expectations of $13.04 billion. During the same quarter in the previous year, the company posted $4.92 earnings per share. The business’s revenue was up 11.8% on a year-over-year basis. As a group, equities research analysts anticipate that Chubb Limited will post 21.12 earnings per share for the current year.

Chubb Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 5th. Stockholders of record on Friday, June 14th were issued a dividend of $0.91 per share. The ex-dividend date was Friday, June 14th. This is an increase from Chubb’s previous quarterly dividend of $0.86. This represents a $3.64 annualized dividend and a dividend yield of 1.35%. Chubb’s dividend payout ratio is 16.16%.

Insider Activity

In other Chubb news, COO John W. Keogh sold 34,707 shares of the company’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $251.98, for a total value of $8,745,469.86. Following the completion of the transaction, the chief operating officer now owns 284,136 shares of the company’s stock, valued at approximately $71,596,589.28. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, COO John W. Keogh sold 34,707 shares of the business’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $251.98, for a total value of $8,745,469.86. Following the sale, the chief operating officer now owns 284,136 shares of the company’s stock, valued at $71,596,589.28. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Peter C. Enns sold 8,200 shares of the firm’s stock in a transaction that occurred on 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 transaction, the executive vice president now owns 45,853 shares of the company’s stock, valued at approximately $12,199,649.18. The disclosure for this sale can be found here. In the last ninety days, insiders sold 47,552 shares of company stock worth $12,149,985. Insiders own 0.86% 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 risk, cyber risk, surety, and casualty; and group accident and health insurance to large, middle market, and small commercial businesses.