Blair William & Co. IL Sells 3,138 Shares of Chubb Limited $CB

Blair William & Co. IL lessened its holdings in shares of Chubb Limited (NYSE:CB) by 6.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 48,740 shares of the financial services provider’s stock after selling 3,138 shares during the quarter. Blair William & Co. IL’s holdings in Chubb were worth $13,757,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC raised its holdings in shares of Chubb by 12.8% in 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 during the last quarter. Revolve Wealth Partners LLC acquired a new position in Chubb during the 4th quarter valued at about $205,000. Woodline Partners LP increased its holdings in Chubb by 13.0% during the 1st quarter. Woodline Partners LP now owns 12,599 shares of the financial services provider’s stock worth $3,805,000 after purchasing an additional 1,449 shares in the last quarter. Sivia Capital Partners LLC increased its holdings in Chubb by 14.4% during 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 in the last quarter. Finally, Savant Capital LLC raised its stake in shares of Chubb by 6.6% in the second quarter. Savant Capital LLC now owns 17,411 shares of the financial services provider’s stock worth $5,044,000 after purchasing an additional 1,073 shares during the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. HSBC raised their target price on Chubb from $354.00 to $357.00 and gave the company a “buy” rating in a report on Thursday, February 5th. Evercore increased their price target on Chubb from $346.00 to $347.00 and gave the company an “outperform” rating in a research report on Wednesday, February 4th. Bank of America dropped their price objective on Chubb from $279.00 to $259.00 and set an “underperform” rating on the stock in a research note on Friday, January 16th. Mizuho lifted their price objective on shares of Chubb from $317.00 to $336.00 and gave the stock a “neutral” rating in a report on Friday, February 6th. Finally, Keefe, Bruyette & Woods upped their target price on shares of Chubb from $355.00 to $373.00 and gave the stock an “outperform” rating in a research note on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $340.81.

Insider Activity at Chubb

In related news, CEO Evan G. Greenberg sold 15,060 shares of Chubb stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $331.47, for a total value of $4,991,938.20. Following the sale, the chief executive officer owned 511,576 shares of the company’s stock, valued at approximately $169,572,096.72. The trade was a 2.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Timothy Alan Boroughs sold 27,817 shares of the stock in a transaction 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 transaction, the executive vice president directly owned 11,810 shares of the company’s stock, valued at approximately $3,920,683.80. This trade represents a 70.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.86% of the company’s stock.

Chubb Trading Down 1.4%

NYSE CB opened at $327.86 on Monday. The business’s fifty day moving average is $318.20 and its 200-day moving average is $297.97. 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 stock has a market capitalization of $127.92 billion, a price-to-earnings ratio of 12.74, a PEG ratio of 2.06 and a beta of 0.46. Chubb Limited has a one year low of $264.10 and a one year high of $345.67.

Chubb (NYSE:CB) last posted its quarterly 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. Chubb had a net margin of 17.36% and a return on equity of 13.15%. The company had revenue of $2.08 billion during the quarter, compared to analyst estimates of $11.11 billion. During the same quarter in the prior year, the business earned $6.02 earnings per share. The firm’s revenue for the quarter was up 8.9% on a year-over-year basis. Equities research analysts predict that Chubb Limited will post 21.52 EPS for the current year.

Chubb Announces Dividend

The business also recently announced 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. 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 is currently 15.08%.

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.