CW Advisors LLC Has $4.53 Million Stake in Chubb Limited $CB

CW Advisors LLC lifted its stake in Chubb Limited (NYSE:CB) by 166.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,636 shares of the financial services provider’s stock after buying an additional 9,769 shares during the period. CW Advisors LLC’s holdings in Chubb were worth $4,530,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. GQG Partners LLC grew its holdings in shares of Chubb by 112.1% during the 1st quarter. GQG Partners LLC now owns 9,394,018 shares of the financial services provider’s stock worth $2,836,899,000 after purchasing an additional 4,964,298 shares in the last quarter. Norges Bank acquired a new stake in Chubb during the second quarter worth about $1,195,137,000. Nuveen LLC bought a new position in Chubb in the 1st quarter valued at about $562,221,000. Ameriprise Financial Inc. raised its position in shares of Chubb by 6.9% in the 1st quarter. Ameriprise Financial Inc. now owns 4,696,682 shares of the financial services provider’s stock valued at $1,418,398,000 after buying an additional 304,751 shares in the last quarter. Finally, Citigroup Inc. lifted its holdings in shares of Chubb by 79.0% during the 1st quarter. Citigroup Inc. now owns 631,628 shares of the financial services provider’s stock worth $190,745,000 after acquiring an additional 278,697 shares during the period. Institutional investors own 83.81% of the company’s stock.

Insider Buying and Selling

In other Chubb news, EVP Timothy Alan Boroughs sold 850 shares of the company’s stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $295.19, for a total value of $250,911.50. Following the sale, the executive vice president owned 1,585 shares in the company, valued at approximately $467,876.15. The trade was a 34.91% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider John J. Lupica sold 16,375 shares of the firm’s stock in a transaction dated Friday, November 14th. The stock was sold at an average price of $296.45, for a total value of $4,854,368.75. Following the transaction, the insider owned 74,225 shares of the company’s stock, valued at $22,004,001.25. This trade represents a 18.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 57,333 shares of company stock valued at $16,629,873 over the last 90 days. 0.77% of the stock is owned by insiders.

Analysts Set New Price Targets

CB has been the subject of several research analyst reports. Wells Fargo & Company boosted their price objective on shares of Chubb from $277.00 to $293.00 and gave the company an “equal weight” rating in a research report on Thursday, October 23rd. The Goldman Sachs Group reissued a “neutral” rating and set a $309.00 price target on shares of Chubb in a report on Monday, October 27th. HSBC upped their price objective on Chubb from $302.00 to $304.00 in a research report on Wednesday, October 29th. Keefe, Bruyette & Woods boosted their target price on Chubb from $333.00 to $335.00 and gave the stock an “outperform” rating in a research note on Thursday, October 23rd. Finally, Bank of America increased their target price on shares of Chubb from $276.00 to $279.00 and gave the stock an “underperform” rating in a report on Monday, October 13th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $308.32.

Chubb Price Performance

Chubb stock opened at $294.99 on Friday. The company has a market capitalization of $116.09 billion, a PE ratio of 12.31, a P/E/G ratio of 3.37 and a beta of 0.51. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.20. The stock has a 50-day moving average price of $286.28 and a two-hundred day moving average price of $281.77. Chubb Limited has a 12 month low of $252.16 and a 12 month high of $306.91.

Chubb (NYSE:CB) last issued its quarterly earnings data on Tuesday, October 21st. The financial services provider reported $7.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.51 by $1.98. Chubb had a net margin of 16.53% and a return on equity of 12.93%. The business had revenue of $16.15 billion during the quarter, compared to analyst estimates of $12.95 billion. During the same quarter last year, the business earned $5.72 EPS. The firm’s quarterly revenue was up 7.5% on a year-over-year basis. Analysts expect that Chubb Limited will post 21.52 EPS for the current year.

Chubb Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Friday, December 12th will be issued a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Friday, December 12th. Chubb’s payout ratio is 16.19%.

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.