Chesley Taft & Associates LLC Increases Stock Position in Chubb Limited $CB

Chesley Taft & Associates LLC lifted its holdings in shares of Chubb Limited (NYSE:CB) by 7.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 102,427 shares of the financial services provider’s stock after buying an additional 7,043 shares during the period. Chubb comprises 1.3% of Chesley Taft & Associates LLC’s investment portfolio, making the stock its 20th biggest holding. Chesley Taft & Associates LLC’s holdings in Chubb were worth $31,970,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Berkshire Hathaway Inc grew its holdings in Chubb by 15.9% during the third quarter. Berkshire Hathaway Inc now owns 31,332,895 shares of the financial services provider’s stock worth $8,843,710,000 after acquiring an additional 4,299,111 shares during the period. Norges Bank acquired a new stake in Chubb in the second quarter valued at $1,195,137,000. AQR Capital Management LLC lifted its holdings in Chubb by 75.1% in the third quarter. AQR Capital Management LLC now owns 2,798,546 shares of the financial services provider’s stock valued at $785,468,000 after acquiring an additional 1,199,963 shares during the period. Woodline Partners LP purchased a new stake in shares of Chubb during the 3rd quarter worth $220,217,000. Finally, Amundi boosted its position in shares of Chubb by 55.4% during the 3rd quarter. Amundi now owns 1,946,622 shares of the financial services provider’s stock worth $557,493,000 after purchasing an additional 693,740 shares in the last quarter. 83.81% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

CB has been the subject of a number of research analyst reports. Jefferies Financial Group increased their price target on shares of Chubb from $326.00 to $333.00 and gave the company a “hold” rating in a report on Thursday, February 5th. BMO Capital Markets boosted their price objective on shares of Chubb from $283.00 to $326.00 and gave the stock a “market perform” rating in a report on Tuesday, February 10th. The Goldman Sachs Group restated a “buy” rating and set a $366.00 target price on shares of Chubb in a research report on Thursday, February 5th. Barclays lifted their price target on shares of Chubb from $317.00 to $339.00 and gave the company an “equal weight” rating in a research report on Thursday, January 8th. Finally, Cantor Fitzgerald boosted their price target on Chubb from $300.00 to $309.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 14th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $342.05.

Chubb Price Performance

Chubb stock opened at $319.22 on Friday. The firm has a market capitalization of $124.57 billion, a PE ratio of 12.41, a P/E/G ratio of 1.70 and a beta of 0.46. Chubb Limited has a 52 week low of $264.10 and a 52 week high of $345.67. The firm’s 50-day simple moving average is $323.43 and its 200 day simple moving average is $303.01. 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 posted its earnings results on Tuesday, February 3rd. The financial services provider reported $7.52 earnings per share for the quarter, beating the consensus estimate of $6.33 by $1.19. The firm had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $11.11 billion. Chubb had a net margin of 17.36% and a return on equity of 13.15%. The firm’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same period last year, the firm posted $6.02 EPS. On average, equities research analysts predict that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Announces Dividend

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

Insider Buying and Selling

In related news, CEO Evan G. Greenberg sold 15,060 shares of Chubb stock in a transaction that occurred 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 completion of the transaction, the chief executive officer directly owned 511,576 shares in the company, valued at $169,572,096.72. The trade was a 2.86% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Timothy Alan Boroughs sold 27,817 shares of the company’s stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $331.98, for a total value of $9,234,687.66. Following the completion of the sale, the executive vice president directly owned 11,810 shares in the company, valued at approximately $3,920,683.80. The trade was a 70.20% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 44,877 shares of company stock worth $14,885,226 in the last ninety days. Insiders own 0.77% of the company’s stock.

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.