Chesley Taft & Associates LLC Trims Stock Holdings in Chubb Limited $CB

Chesley Taft & Associates LLC lowered its stake in Chubb Limited (NYSE:CB) by 3.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 95,384 shares of the financial services provider’s stock after selling 3,811 shares during the quarter. Chubb comprises about 1.1% of Chesley Taft & Associates LLC’s portfolio, making the stock its 23rd biggest holding. Chesley Taft & Associates LLC’s holdings in Chubb were worth $26,922,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. 1248 Management LLC purchased a new position in shares of Chubb during the 1st quarter worth approximately $31,000. VSM Wealth Advisory LLC acquired a new position in Chubb during the second quarter worth $32,000. WPG Advisers LLC purchased a new position in shares of Chubb during the first quarter worth $33,000. Heartwood Wealth Advisors LLC acquired a new stake in shares of Chubb in the third quarter valued at $34,000. Finally, Maseco LLP purchased a new stake in shares of Chubb in the 2nd quarter valued at $35,000. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Chubb Price Performance

Shares of CB opened at $312.84 on Thursday. The firm has a market capitalization of $123.12 billion, a price-to-earnings ratio of 13.06, a PEG ratio of 3.55 and a beta of 0.51. The firm’s fifty day simple moving average is $289.74 and its 200-day simple moving average is $282.58. Chubb Limited has a twelve month low of $252.16 and a twelve month high of $313.46. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.20.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, October 21st. The financial services provider reported $7.49 EPS for the quarter, beating the consensus estimate of $5.51 by $1.98. Chubb had a return on equity of 12.93% and a net margin of 16.53%.The firm had revenue of $16.15 billion for the quarter, compared to analyst estimates of $12.95 billion. During the same quarter in the prior year, the company posted $5.72 earnings per share. Chubb’s revenue for the quarter was up 7.5% compared to the same quarter last year. Equities analysts forecast that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Friday, December 12th will be given a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, December 12th. Chubb’s dividend payout ratio (DPR) is 16.19%.

Insider Buying and Selling

In other news, EVP Timothy Alan Boroughs sold 850 shares of the business’s stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of $295.19, for a total transaction of $250,911.50. Following the completion of 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Joseph F. Wayland sold 5,830 shares of the company’s stock in a transaction on Thursday, November 13th. The shares were sold at an average price of $297.08, for a total transaction of $1,731,976.40. Following the completion of the transaction, the executive vice president owned 60,593 shares of the company’s stock, valued at approximately $18,000,968.44. The trade was a 8.78% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 57,333 shares of company stock worth $16,629,873 over the last 90 days. 0.77% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Citigroup lifted their target price on Chubb from $331.00 to $335.00 and gave the company a “buy” rating in a research report on Tuesday, December 2nd. BMO Capital Markets restated a “market perform” rating and issued a $283.00 price objective on shares of Chubb in a report on Thursday, October 23rd. Wolfe Research increased their target price on shares of Chubb from $336.00 to $364.00 and gave the stock an “outperform” rating in a report on Thursday, December 11th. Evercore ISI raised their price target on shares of Chubb from $312.00 to $315.00 and gave the company an “outperform” rating in a research report on Wednesday, October 1st. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and set a $309.00 price objective on shares of Chubb in a research report on Monday, October 27th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $311.90.

About Chubb

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.