First Hawaiian Bank Buys Shares of 8,785 Chubb Ltd (CB)

First Hawaiian Bank purchased a new stake in shares of Chubb Ltd (NYSE:CB) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 8,785 shares of the financial services provider’s stock, valued at approximately $1,174,000.

Several other hedge funds have also made changes to their positions in the stock. Hemenway Trust Co LLC lifted its stake in shares of Chubb by 4.3% during the 3rd quarter. Hemenway Trust Co LLC now owns 123,495 shares of the financial services provider’s stock valued at $16,504,000 after buying an additional 5,126 shares in the last quarter. Patriot Wealth Management Inc. lifted its stake in shares of Chubb by 2.3% during the 3rd quarter. Patriot Wealth Management Inc. now owns 64,991 shares of the financial services provider’s stock valued at $8,685,000 after buying an additional 1,469 shares in the last quarter. Notis McConarty Edward lifted its stake in shares of Chubb by 3.1% during the 3rd quarter. Notis McConarty Edward now owns 34,605 shares of the financial services provider’s stock valued at $4,623,000 after buying an additional 1,040 shares in the last quarter. Dempze Nancy E lifted its stake in shares of Chubb by 6.9% during the 3rd quarter. Dempze Nancy E now owns 17,762 shares of the financial services provider’s stock valued at $2,373,000 after buying an additional 1,141 shares in the last quarter. Finally, Callahan Advisors LLC lifted its stake in shares of Chubb by 1.1% during the 3rd quarter. Callahan Advisors LLC now owns 64,181 shares of the financial services provider’s stock valued at $8,577,000 after buying an additional 705 shares in the last quarter. Institutional investors own 85.56% of the company’s stock.

Chubb stock opened at $128.28 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.31 and a current ratio of 0.31. The firm has a market cap of $58.78 billion, a PE ratio of 15.82, a P/E/G ratio of 1.26 and a beta of 1.01. Chubb Ltd has a fifty-two week low of $123.23 and a fifty-two week high of $157.50.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, July 24th. The financial services provider reported $2.68 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.62 by $0.06. The firm had revenue of $7.45 billion for the quarter, compared to analysts’ expectations of $7.30 billion. Chubb had a net margin of 11.53% and a return on equity of 7.41%. The business’s quarterly revenue was up 5.6% on a year-over-year basis. During the same quarter last year, the company posted $2.50 EPS. As a group, equities analysts forecast that Chubb Ltd will post 10.13 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 12th. Stockholders of record on Friday, September 21st were given a dividend of $0.73 per share. This represents a $2.92 annualized dividend and a dividend yield of 2.28%. The ex-dividend date was Thursday, September 20th. Chubb’s dividend payout ratio (DPR) is currently 36.36%.

In other news, CEO Evan G. Greenberg sold 227,994 shares of the firm’s stock in a transaction on Wednesday, September 19th. The shares were sold at an average price of $140.29, for a total transaction of $31,985,278.26. Following the sale, the chief executive officer now owns 1,583,326 shares in the company, valued at approximately $222,124,804.54. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Timothy Alan Boroughs sold 14,971 shares of the firm’s stock in a transaction on Thursday, September 20th. The shares were sold at an average price of $139.37, for a total transaction of $2,086,508.27. Following the sale, the insider now owns 202,794 shares in the company, valued at approximately $28,263,399.78. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 243,093 shares of company stock worth $34,089,733. Corporate insiders own 0.44% of the company’s stock.

Several analysts have issued reports on the stock. ValuEngine upgraded shares of Chubb from a “sell” rating to a “hold” rating in a research note on Tuesday, September 4th. Zacks Investment Research upgraded shares of Chubb from a “sell” rating to a “hold” rating in a research note on Wednesday, July 4th. Wells Fargo & Co reiterated a “buy” rating and issued a $169.00 target price on shares of Chubb in a research note on Wednesday, October 10th. Citigroup lowered their target price on shares of Chubb from $157.00 to $151.00 and set a “buy” rating on the stock in a research note on Thursday, July 12th. Finally, Credit Suisse Group assumed coverage on shares of Chubb in a research note on Tuesday, August 7th. They issued a “neutral” rating and a $150.00 target price on the stock. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the stock. Chubb currently has a consensus rating of “Hold” and a consensus target price of $159.45.

Chubb Profile

Chubb Limited, through its subsidiaries, provides insurance and reinsurance products worldwide. Its North America Commercial P&C Insurance segment offers commercial property, marine, general casualty, workers' compensation, package policies, and risk management; and professional lines, marine, construction, environmental, medical, cyber risk, and excess casualty, as well as group accident and health insurance to large, middle market, and small commercial businesses in the United States, Canada, and Bermuda.

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Institutional Ownership by Quarter for Chubb (NYSE:CB)

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