Diversified Trust Co Increases Holdings in Chubb Limited $CB

Diversified Trust Co increased its stake in Chubb Limited (NYSE:CB) by 4.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 57,511 shares of the financial services provider’s stock after acquiring an additional 2,364 shares during the period. Diversified Trust Co’s holdings in Chubb were worth $16,232,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of Chubb in the 2nd quarter worth approximately $1,195,137,000. Bank of America Corp DE raised its holdings in Chubb by 11.6% during the 2nd quarter. Bank of America Corp DE now owns 4,929,858 shares of the financial services provider’s stock valued at $1,428,278,000 after buying an additional 513,852 shares during the period. London Co. of Virginia lifted its position in Chubb by 211.0% in the second quarter. London Co. of Virginia now owns 737,090 shares of the financial services provider’s stock worth $213,559,000 after buying an additional 500,116 shares during the last quarter. Altrinsic Global Advisors LLC boosted its stake in Chubb by 46.9% during the second quarter. Altrinsic Global Advisors LLC now owns 1,392,846 shares of the financial services provider’s stock worth $403,535,000 after buying an additional 444,557 shares during the period. Finally, Troy Asset Management Ltd increased its position in Chubb by 89.1% during the second quarter. Troy Asset Management Ltd now owns 793,427 shares of the financial services provider’s stock valued at $229,872,000 after acquiring an additional 373,872 shares during the last quarter. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider John J. Lupica sold 23,698 shares of the company’s stock in a transaction that occurred on Monday, October 27th. The shares were sold at an average price of $281.00, for a total value of $6,659,138.00. Following the completion of the sale, the insider owned 90,600 shares of the company’s stock, valued at approximately $25,458,600. This represents a 20.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Timothy Alan Boroughs sold 10,580 shares of Chubb stock in a transaction that occurred on 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 transaction, the executive vice president directly owned 12,660 shares in the company, valued at approximately $3,749,512.20. The trade was a 45.52% 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 worth $16,629,873 in the last three months. Corporate insiders own 0.86% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on CB. Wells Fargo & Company raised their target price on shares of Chubb from $277.00 to $293.00 and gave the stock an “equal weight” rating in a report on Thursday, October 23rd. Wolfe Research raised their price objective on shares of Chubb from $336.00 to $364.00 and gave the stock an “outperform” rating in a research note on Thursday, December 11th. Evercore ISI boosted their target price on Chubb from $312.00 to $315.00 and gave the company an “outperform” rating in a research report on Wednesday, October 1st. Barclays increased their price target on Chubb from $298.00 to $310.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 8th. Finally, JMP Securities restated a “market outperform” rating and set a $325.00 price objective on shares of Chubb in a report on Wednesday, October 22nd. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $311.90.

Chubb Stock Up 0.3%

Shares of NYSE:CB opened at $314.27 on Tuesday. Chubb Limited has a 52-week low of $252.16 and a 52-week high of $315.08. The stock has a market cap of $123.68 billion, a P/E ratio of 13.12, a price-to-earnings-growth ratio of 3.58 and a beta of 0.51. The business’s 50 day moving average is $295.39 and its 200 day moving average is $283.69. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.20.

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

Chubb Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 2nd. Investors of record on Friday, December 12th will be paid a $0.97 dividend. The ex-dividend date of this dividend is Friday, December 12th. This represents a $3.88 dividend on an annualized basis and a yield of 1.2%. Chubb’s dividend payout ratio is 16.19%.

Chubb Company 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.