Bartlett & CO. Wealth Management LLC Decreases Stock Position in Chubb Limited $CB

Bartlett & CO. Wealth Management LLC lowered its position in shares of Chubb Limited (NYSE:CB) by 1.0% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 238,070 shares of the financial services provider’s stock after selling 2,295 shares during the period. Bartlett & CO. Wealth Management LLC owned approximately 0.06% of Chubb worth $67,399,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in CB. AdvisorNet Financial Inc grew its holdings in Chubb by 3.0% during the 3rd quarter. AdvisorNet Financial Inc now owns 2,447 shares of the financial services provider’s stock valued at $691,000 after purchasing an additional 71 shares in the last quarter. Brady Family Wealth LLC lifted its holdings in Chubb by 1.2% in the 3rd quarter. Brady Family Wealth LLC now owns 22,060 shares of the financial services provider’s stock worth $6,227,000 after buying an additional 269 shares in the last quarter. Perkins Coie Trust Co boosted its position in Chubb by 7.2% in the 3rd quarter. Perkins Coie Trust Co now owns 19,737 shares of the financial services provider’s stock valued at $5,571,000 after buying an additional 1,323 shares during the last quarter. Board of the Pension Protection Fund acquired a new stake in shares of Chubb during the third quarter valued at about $423,000. Finally, Kennebec Savings Bank grew its stake in shares of Chubb by 2.4% during the third quarter. Kennebec Savings Bank now owns 2,948 shares of the financial services provider’s stock valued at $832,000 after acquiring an additional 69 shares in the last quarter. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Chubb

In related news, EVP Joseph F. Wayland sold 5,830 shares of the stock in a transaction dated Thursday, November 13th. The shares were sold at an average price of $297.08, for a total value of $1,731,976.40. Following the sale, the executive vice president owned 60,593 shares of the company’s stock, valued at $18,000,968.44. This trade represents a 8.78% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Timothy Alan Boroughs sold 10,580 shares of Chubb stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $296.17, for a total transaction of $3,133,478.60. Following the completion of the sale, the executive vice president owned 12,660 shares in the company, valued at approximately $3,749,512.20. This represents a 45.52% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 57,333 shares of company stock worth $16,629,873. Insiders own 0.77% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on CB shares. UBS Group boosted their price target on Chubb from $292.00 to $298.00 and gave the stock a “neutral” rating in a research note on Monday, October 27th. Jefferies Financial Group lifted their price objective on Chubb from $302.00 to $326.00 and gave the stock a “hold” rating in a report on Tuesday. Wells Fargo & Company upped their target price on Chubb from $277.00 to $293.00 and gave the company an “equal weight” rating in a research report on Thursday, October 23rd. JPMorgan Chase & Co. increased their target price on Chubb from $321.00 to $327.00 and gave the company a “neutral” rating in a research note on Thursday, October 9th. Finally, Evercore ISI lifted their price target on shares of Chubb from $312.00 to $315.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 1st. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Chubb currently has a consensus rating of “Hold” and an average target price of $311.90.

Chubb Price Performance

CB opened at $310.44 on Friday. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.20. The company’s 50-day moving average price is $290.83 and its 200 day moving average price is $282.85. Chubb Limited has a fifty-two week low of $252.16 and a fifty-two week high of $313.46. The firm has a market cap of $122.17 billion, a price-to-earnings ratio of 12.96, a price-to-earnings-growth ratio of 3.55 and a beta of 0.51.

Chubb (NYSE:CB) last released 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. The business had revenue of $16.15 billion during the quarter, compared to analyst estimates of $12.95 billion. Chubb had a return on equity of 12.93% and a net margin of 16.53%.The business’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $5.72 EPS. As a group, sell-side analysts expect that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Dividend Announcement

The company also recently declared 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. The ex-dividend date is Friday, December 12th. This represents a $3.88 annualized dividend and a dividend yield of 1.2%. Chubb’s dividend payout ratio is currently 16.19%.

Chubb Profile

Chubb is a global property and casualty insurance company that underwrites a broad range of commercial and personal insurance products and related services. Its offerings include commercial property and casualty coverage, specialty liability, professional and management liability, cyber and technology insurance, marine and energy, surety, accident and health solutions, and high-net-worth personal lines such as homeowners, auto and valuables protection. Chubb serves businesses, individuals and institutions with tailored underwriting and risk-transfer solutions across multiple industry sectors.

In addition to core underwriting, Chubb provides risk engineering, loss control, claims management and risk consulting services intended to reduce loss severity and help clients manage exposures.