WestEnd Advisors LLC Decreases Position in Chubb Limited $CB

WestEnd Advisors LLC decreased its holdings in Chubb Limited (NYSE:CB) by 1.9% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 135,785 shares of the financial services provider’s stock after selling 2,599 shares during the period. WestEnd Advisors LLC’s holdings in Chubb were worth $38,326,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of CB. Modern Wealth Management LLC lifted its stake in Chubb by 6.2% in the 1st quarter. Modern Wealth Management LLC now owns 2,464 shares of the financial services provider’s stock valued at $744,000 after purchasing an additional 143 shares during the last quarter. Westbourne Investment Advisors Inc. grew its stake in shares of Chubb by 12.3% during the third quarter. Westbourne Investment Advisors Inc. now owns 22,233 shares of the financial services provider’s stock worth $6,275,000 after buying an additional 2,427 shares during the last quarter. Assetmark Inc. increased its holdings in shares of Chubb by 14.1% during the second quarter. Assetmark Inc. now owns 71,294 shares of the financial services provider’s stock worth $20,655,000 after buying an additional 8,828 shares in the last quarter. Trifecta Capital Advisors LLC lifted its stake in shares of Chubb by 764.7% in the 2nd quarter. Trifecta Capital Advisors LLC now owns 147 shares of the financial services provider’s stock valued at $43,000 after acquiring an additional 130 shares during the last quarter. Finally, Sivia Capital Partners LLC boosted its holdings in shares of Chubb by 166.3% during the 3rd quarter. Sivia Capital Partners LLC now owns 3,707 shares of the financial services provider’s stock valued at $1,046,000 after acquiring an additional 2,315 shares in the last quarter. 83.81% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Joseph F. Wayland sold 5,830 shares of the stock in a transaction that occurred 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 directly owned 60,593 shares of the company’s stock, valued at $18,000,968.44. This represents a 8.78% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider John J. Lupica sold 23,698 shares of the stock in a transaction 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 transaction, the insider directly owned 90,600 shares of the company’s stock, valued at approximately $25,458,600. This trade represents a 20.73% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 57,333 shares of company stock valued at $16,629,873 in the last 90 days. 0.86% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

CB has been the topic of a number of recent research reports. Mizuho began coverage on Chubb in a research note on Monday, December 15th. They set a “neutral” rating and a $318.00 price target on the stock. BMO Capital Markets reiterated a “market perform” rating and issued a $283.00 price objective on shares of Chubb in a report on Thursday, October 23rd. UBS Group boosted their target price on shares of Chubb from $292.00 to $298.00 and gave the stock a “neutral” rating in a report on Monday, October 27th. Wells Fargo & Company raised their price target on shares of Chubb from $277.00 to $293.00 and gave the company an “equal weight” rating in a research note on Thursday, October 23rd. Finally, Barclays lifted their price target on shares of Chubb from $298.00 to $310.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 8th. 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 given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $311.90.

Chubb Stock Down 0.7%

Shares of NYSE CB opened at $310.08 on Monday. The firm has a market cap of $122.03 billion, a PE ratio of 12.94, a P/E/G ratio of 3.25 and a beta of 0.51. Chubb Limited has a 12-month low of $252.16 and a 12-month high of $315.08. The company’s fifty day simple moving average is $298.16 and its 200 day simple moving average is $284.47. 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 announced its quarterly earnings results on Tuesday, October 21st. The financial services provider reported $7.49 earnings per share (EPS) for the quarter, topping 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 business 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 earned $5.72 earnings per share. The company’s quarterly revenue was up 7.5% on a year-over-year basis. As a group, sell-side analysts forecast that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 2nd. Shareholders of record on Friday, December 12th were paid a $0.97 dividend. The ex-dividend date was Friday, December 12th. This represents a $3.88 annualized dividend and a yield of 1.3%. Chubb’s dividend payout ratio (DPR) is 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.