Waverly Advisors LLC Grows Holdings in Chubb Limited $CB

Waverly Advisors LLC lifted its stake in Chubb Limited (NYSE:CB) by 8.2% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 25,203 shares of the financial services provider’s stock after acquiring an additional 1,916 shares during the quarter. Waverly Advisors LLC’s holdings in Chubb were worth $8,214,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the stock. CBIZ Investment Advisory Services LLC increased its holdings in Chubb by 148.5% in the 4th quarter. CBIZ Investment Advisory Services LLC now owns 82 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 49 shares during the last quarter. Frazier Financial Advisors LLC lifted its stake in Chubb by 86.4% during the first quarter. Frazier Financial Advisors LLC now owns 82 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 38 shares in the last quarter. Merkkuri Wealth Advisors LLC acquired a new position in Chubb during the first quarter worth $29,000. Laurel Wealth Advisors LLC purchased a new position in shares of Chubb during the fourth quarter worth $31,000. Finally, Ares Financial Consulting LLC purchased a new position in shares of Chubb during the fourth quarter worth $32,000. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently issued reports on CB. Keefe, Bruyette & Woods boosted their price objective on Chubb from $374.00 to $389.00 and gave the company an “outperform” rating in a report on Wednesday, July 8th. BMO Capital Markets raised their target price on Chubb from $326.00 to $339.00 and gave the company a “market perform” rating in a report on Friday, April 24th. Jefferies Financial Group dropped their target price on Chubb from $356.00 to $352.00 and set a “hold” rating for the company in a research report on Thursday, April 23rd. Atlantic Securities set a $301.00 price target on shares of Chubb in a research note on Wednesday, July 15th. Finally, Cantor Fitzgerald increased their price target on shares of Chubb from $318.00 to $337.00 and gave the stock a “neutral” rating in a research report on Thursday, July 9th. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Chubb presently has an average rating of “Hold” and a consensus price target of $360.09.

Insider Activity

In other news, COO John W. Keogh sold 23,000 shares of the business’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $321.51, for a total transaction of $7,394,730.00. Following the completion of the transaction, the chief operating officer directly owned 203,322 shares of the company’s stock, valued at approximately $65,370,056.22. The trade was a 10.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.37% of the company’s stock.

Chubb Stock Down 0.2%

Chubb stock opened at $359.00 on Tuesday. The firm has a market capitalization of $139.24 billion, a P/E ratio of 12.70, a P/E/G ratio of 1.80 and a beta of 0.40. The company has a current ratio of 0.36, a quick ratio of 0.28 and a debt-to-equity ratio of 0.20. Chubb Limited has a twelve month low of $264.10 and a twelve month high of $365.29. The stock’s fifty day simple moving average is $336.13 and its 200-day simple moving average is $327.52.

Chubb (NYSE:CB) last released its earnings results on Tuesday, July 21st. The financial services provider reported $7.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.77 by $0.49. Chubb had a return on equity of 14.47% and a net margin of 18.10%.The firm had revenue of $16.01 billion during the quarter, compared to analyst estimates of $15.07 billion. During the same period last year, the business posted $6.14 earnings per share. Chubb’s revenue was up 3.6% compared to the same quarter last year. As a group, equities analysts expect that Chubb Limited will post 27.15 earnings per share for the current fiscal year.

Chubb Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Friday, June 12th were paid a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Friday, June 12th. This is a boost from Chubb’s previous quarterly dividend of $0.97. Chubb’s dividend payout ratio (DPR) is 14.43%.

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.