Chubb Limited $CB Position Increased by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC boosted its holdings in Chubb Limited (NYSE:CB) by 4.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 83,713 shares of the financial services provider’s stock after buying an additional 3,767 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Chubb were worth $23,628,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of CB. Harbor Capital Advisors Inc. boosted its position in shares of Chubb by 93.6% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 91 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 44 shares during the period. VSM Wealth Advisory LLC purchased a new stake in Chubb during the second quarter valued at about $32,000. Heartwood Wealth Advisors LLC acquired a new position in shares of Chubb in the third quarter worth about $34,000. Maseco LLP purchased a new position in shares of Chubb in the second quarter worth approximately $35,000. Finally, Financial Consulate Inc. purchased a new position in shares of Chubb in the third quarter worth approximately $37,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Chubb Trading Up 2.1%

Shares of CB stock opened at $312.92 on Friday. Chubb Limited has a 12 month low of $252.16 and a 12 month high of $316.94. The company has a market cap of $123.15 billion, a PE ratio of 13.06, a price-to-earnings-growth ratio of 3.21 and a beta of 0.51. 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 business’s 50 day moving average is $300.79 and its two-hundred day moving average is $285.23.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, October 21st. The financial services provider reported $7.49 earnings per share 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 during the quarter, compared to analysts’ expectations of $12.95 billion. During the same quarter in the previous year, the firm earned $5.72 EPS. The firm’s revenue was up 7.5% compared to the same quarter last year. Equities analysts predict that Chubb Limited will post 21.52 EPS for the current year.

Chubb Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 2nd. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.2%. Chubb’s dividend payout ratio is currently 16.19%.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Wolfe Research lifted their price objective on shares of Chubb from $336.00 to $364.00 and gave the stock an “outperform” rating in a research report on Thursday, December 11th. Evercore ISI reissued an “outperform” rating and set a $346.00 price target on shares of Chubb in a research report on Wednesday. UBS Group increased their price objective on Chubb from $292.00 to $298.00 and gave the stock a “neutral” rating in a research note on Monday, October 27th. The Goldman Sachs Group raised Chubb from a “neutral” rating to a “buy” rating and lifted their target price for the company from $309.00 to $351.00 in a research note on Wednesday. Finally, HSBC upped their target price on Chubb from $302.00 to $304.00 in a report on Wednesday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Chubb has a consensus rating of “Hold” and an average target price of $318.00.

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 completion of the transaction, the executive vice president owned 60,593 shares of the company’s stock, valued at $18,000,968.44. This represents a 8.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider John J. Lupica sold 23,698 shares of the stock in a transaction that occurred on Monday, October 27th. The stock was sold at an average price of $281.00, for a total value of $6,659,138.00. Following the completion of the transaction, the insider directly owned 90,600 shares of the company’s stock, valued at approximately $25,458,600. The trade was a 20.73% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 57,333 shares of company stock valued at $16,629,873. Company insiders own 0.77% of the company’s stock.

About Chubb

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.