Confluence Investment Management LLC Has $159.50 Million Holdings in Chubb Limited $CB

Confluence Investment Management LLC decreased its holdings in shares of Chubb Limited (NYSE:CB) by 5.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 511,021 shares of the financial services provider’s stock after selling 27,641 shares during the quarter. Chubb makes up about 2.4% of Confluence Investment Management LLC’s holdings, making the stock its 3rd biggest position. Confluence Investment Management LLC owned approximately 0.13% of Chubb worth $159,500,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Brighton Jones LLC boosted its stake in shares of Chubb by 12.8% during the 4th quarter. Brighton Jones LLC now owns 1,945 shares of the financial services provider’s stock worth $537,000 after acquiring an additional 221 shares in the last quarter. Revolve Wealth Partners LLC bought a new position in shares of Chubb in the 4th quarter valued at approximately $205,000. Woodline Partners LP raised its stake in shares of Chubb by 13.0% in the 1st quarter. Woodline Partners LP now owns 12,599 shares of the financial services provider’s stock valued at $3,805,000 after acquiring an additional 1,449 shares in the last quarter. Sivia Capital Partners LLC lifted its holdings in Chubb by 14.4% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,392 shares of the financial services provider’s stock worth $403,000 after purchasing an additional 175 shares during the last quarter. Finally, Foundations Investment Advisors LLC lifted its holdings in Chubb by 23.3% in the 2nd quarter. Foundations Investment Advisors LLC now owns 1,279 shares of the financial services provider’s stock worth $371,000 after purchasing an additional 242 shares during the last quarter. Institutional investors own 83.81% of the company’s stock.

Chubb Stock Performance

NYSE CB opened at $323.50 on Friday. The company’s fifty day moving average is $320.92 and its two-hundred day moving average is $300.91. Chubb Limited has a 52-week low of $264.10 and a 52-week high of $345.67. 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 firm has a market capitalization of $126.22 billion, a price-to-earnings ratio of 12.57, a P/E/G ratio of 2.06 and a beta of 0.46.

Chubb (NYSE:CB) last released its earnings results on Tuesday, February 3rd. The financial services provider reported $7.52 earnings per share for the quarter, topping analysts’ consensus estimates of $6.33 by $1.19. The business had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $11.11 billion. Chubb had a return on equity of 13.15% and a net margin of 17.36%.The firm’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same period last year, the business earned $6.02 earnings per share. Equities research analysts forecast that Chubb Limited will post 21.52 EPS for the current year.

Chubb Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 6th. Stockholders of record on Friday, March 13th will be given a dividend of $0.97 per share. The ex-dividend date is Friday, March 13th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.2%. Chubb’s payout ratio is currently 15.08%.

Insider Buying and Selling

In related news, EVP Timothy Alan Boroughs sold 27,817 shares of the firm’s stock in a transaction on Friday, February 6th. The stock was sold at an average price of $331.98, for a total value of $9,234,687.66. Following the completion of the transaction, the executive vice president directly owned 11,810 shares of the company’s stock, valued at $3,920,683.80. This trade represents a 70.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Evan G. Greenberg sold 15,060 shares of Chubb stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $331.47, for a total transaction of $4,991,938.20. Following the sale, the chief executive officer owned 511,576 shares in the company, valued at $169,572,096.72. This represents a 2.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.77% of the company’s stock.

Wall Street Analysts Forecast Growth

CB has been the topic of a number of recent analyst reports. Wolfe Research lifted their price target on shares of Chubb from $364.00 to $372.00 and gave the company an “outperform” rating in a research report on Thursday, February 5th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $366.00 price objective on shares of Chubb in a report on Thursday, February 5th. BMO Capital Markets raised their target price on shares of Chubb from $283.00 to $326.00 and gave the company a “market perform” rating in a research note on Tuesday, February 10th. Barclays lifted their target price on shares of Chubb from $317.00 to $339.00 and gave the stock an “equal weight” rating in a report on Thursday, January 8th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Chubb from $355.00 to $373.00 and gave the stock an “outperform” rating in a research report on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $340.81.

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.