London Co. of Virginia Has $204.78 Million Stake in Chubb Limited $CB

London Co. of Virginia reduced its position in shares of Chubb Limited (NYSE:CB) by 1.6% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 725,492 shares of the financial services provider’s stock after selling 11,598 shares during the quarter. London Co. of Virginia’s holdings in Chubb were worth $204,779,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Mitchell & Pahl Private Wealth LLC increased its stake in shares of Chubb by 0.5% during the 3rd quarter. Mitchell & Pahl Private Wealth LLC now owns 7,381 shares of the financial services provider’s stock worth $2,083,000 after purchasing an additional 35 shares during the last quarter. Golden State Wealth Management LLC raised its holdings in shares of Chubb by 7.4% in the 3rd quarter. Golden State Wealth Management LLC now owns 525 shares of the financial services provider’s stock valued at $148,000 after purchasing an additional 36 shares during the period. Covestor Ltd lifted its stake in Chubb by 26.1% in the 3rd quarter. Covestor Ltd now owns 179 shares of the financial services provider’s stock valued at $51,000 after purchasing an additional 37 shares during the last quarter. CENTRAL TRUST Co grew its holdings in Chubb by 1.0% during the third quarter. CENTRAL TRUST Co now owns 3,573 shares of the financial services provider’s stock worth $1,008,000 after purchasing an additional 37 shares during the period. Finally, JT Stratford LLC grew its holdings in Chubb by 3.5% during the second quarter. JT Stratford LLC now owns 1,127 shares of the financial services provider’s stock worth $327,000 after purchasing an additional 38 shares during the period. Institutional investors own 83.81% of the company’s stock.

Analyst Upgrades and Downgrades

CB has been the topic of several research analyst reports. Citizens Jmp restated a “market outperform” rating and issued a $350.00 price objective on shares of Chubb in a research note on Wednesday, February 4th. Piper Sandler lifted their target price on Chubb from $283.00 to $319.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 4th. Morgan Stanley set a $350.00 target price on Chubb in a report on Friday, January 16th. Barclays increased their price target on Chubb from $317.00 to $339.00 and gave the company an “equal weight” rating in a research note on Thursday, January 8th. Finally, Mizuho raised their price target on Chubb from $317.00 to $336.00 and gave the company a “neutral” rating in a report on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $340.81.

Insider Activity at Chubb

In related news, EVP Timothy Alan Boroughs sold 27,817 shares of the stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $331.98, for a total transaction of $9,234,687.66. Following the sale, the executive vice president owned 11,810 shares in the company, valued at approximately $3,920,683.80. This trade represents a 70.20% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 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. This trade represents a 2.86% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.86% of the stock is currently owned by insiders.

Chubb Stock Performance

CB opened at $330.06 on Tuesday. The firm has a market cap of $128.78 billion, a P/E ratio of 12.83, a price-to-earnings-growth ratio of 2.06 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 company has a debt-to-equity ratio of 0.20, a quick ratio of 0.27 and a current ratio of 0.27. The business’s fifty day moving average is $319.85 and its 200-day moving average is $300.16.

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

Chubb Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, April 6th. Shareholders of record on Friday, March 13th will be issued a $0.97 dividend. This represents a $3.88 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Friday, March 13th. Chubb’s dividend payout ratio (DPR) is currently 15.08%.

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.