Cooke & Bieler LP Acquires 106,237 Shares of Chubb Limited $CB

Cooke & Bieler LP lifted its holdings in Chubb Limited (NYSE:CB) by 21.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 606,011 shares of the financial services provider’s stock after purchasing an additional 106,237 shares during the quarter. Chubb accounts for about 1.8% of Cooke & Bieler LP’s investment portfolio, making the stock its 13th biggest holding. Cooke & Bieler LP owned 0.15% of Chubb worth $171,047,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of CB. Harbor Capital Advisors Inc. lifted its stake in Chubb by 93.6% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 91 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 44 shares during the period. Cedar Mountain Advisors LLC boosted its holdings in Chubb by 155.6% in the third quarter. Cedar Mountain Advisors LLC now owns 92 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 56 shares during the last quarter. VSM Wealth Advisory LLC bought a new stake in Chubb in the 2nd quarter worth approximately $32,000. Heartwood Wealth Advisors LLC purchased a new stake in Chubb during the 3rd quarter valued at $34,000. Finally, Financial Consulate Inc. bought a new position in shares of Chubb during the 3rd quarter valued at $37,000. 83.81% of the stock is owned by hedge funds and other institutional investors.

Chubb Price Performance

Shares of NYSE:CB opened at $300.93 on Monday. The firm’s 50 day simple moving average is $303.93 and its two-hundred day simple moving average is $286.64. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.27 and a quick ratio of 0.27. The company has a market capitalization of $118.43 billion, a P/E ratio of 12.56, a P/E/G ratio of 3.26 and a beta of 0.51. Chubb Limited has a 1-year low of $263.14 and a 1-year high of $316.94.

Chubb Announces Dividend

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 of this dividend was Friday, December 12th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.3%. Chubb’s dividend payout ratio is 16.19%.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Deutsche Bank Aktiengesellschaft lifted their price objective on Chubb from $303.00 to $304.00 and gave the stock a “hold” rating in a report on Monday, November 24th. Weiss Ratings restated a “buy (b+)” rating on shares of Chubb in a research note on Monday, December 29th. Cantor Fitzgerald upped their price target on shares of Chubb from $300.00 to $309.00 and gave the company a “neutral” rating in a research report on Wednesday, January 14th. Hsbc Global Res raised shares of Chubb from a “hold” rating to a “strong-buy” rating in a report on Friday, January 16th. Finally, JPMorgan Chase & Co. increased their price target on shares of Chubb from $321.00 to $327.00 and gave the stock a “neutral” rating in a research report on Thursday, October 9th. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $323.81.

Insider Buying and Selling

In other Chubb news, EVP Timothy Alan Boroughs sold 850 shares of the company’s stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $295.19, for a total value of $250,911.50. Following the completion of the transaction, the executive vice president directly owned 1,585 shares in the company, valued at $467,876.15. This represents a 34.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider John J. Lupica sold 16,375 shares of Chubb stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of $296.45, for a total transaction of $4,854,368.75. Following the sale, the insider owned 74,225 shares in the company, valued at approximately $22,004,001.25. The trade was a 18.07% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 33,635 shares of company stock worth $9,970,735. 0.86% of the stock is owned by corporate insiders.

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.