Bartlett & CO. Wealth Management LLC Has $72.44 Million Holdings in Chubb Limited (NYSE:CB)

Bartlett & CO. Wealth Management LLC boosted its position in Chubb Limited (NYSE:CB) by 1.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 239,225 shares of the financial services provider’s stock after buying an additional 3,730 shares during the period. Chubb makes up 1.1% of Bartlett & CO. Wealth Management LLC’s holdings, making the stock its 27th biggest holding. Bartlett & CO. Wealth Management LLC owned about 0.06% of Chubb worth $72,435,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. Peoples Bank KS acquired a new stake in shares of Chubb during the 1st quarter worth approximately $25,000. Opal Wealth Advisors LLC bought a new position in Chubb during the first quarter worth $25,000. Crowley Wealth Management Inc. acquired a new stake in Chubb in the fourth quarter worth $29,000. Kayne Anderson Rudnick Investment Management LLC increased its stake in Chubb by 254.3% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 124 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 89 shares in the last quarter. Finally, Cherry Tree Wealth Management LLC raised its holdings in shares of Chubb by 56.6% during the first quarter. Cherry Tree Wealth Management LLC now owns 119 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 43 shares during the period. Institutional investors own 83.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Hsbc Global Res raised Chubb from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 5th. HSBC upgraded Chubb from a “hold” rating to a “buy” rating and set a $323.00 price objective for the company in a report on Wednesday, March 5th. Barclays cut their target price on Chubb from $324.00 to $321.00 and set an “overweight” rating on the stock in a report on Friday, April 11th. Raymond James Financial restated a “strong-buy” rating on shares of Chubb in a research note on Thursday, April 24th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Chubb from a “buy” rating to a “hold” rating and set a $303.00 price objective on the stock. in a research note on Tuesday, May 20th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $307.53.

Insider Buying and Selling at Chubb

In other Chubb news, COO John W. Keogh bought 9,810 shares of Chubb stock in a transaction dated Friday, June 6th. The stock was purchased at an average price of $292.99 per share, for a total transaction of $2,874,231.90. Following the completion of the purchase, the chief operating officer now directly owns 247,538 shares of the company’s stock, valued at approximately $72,526,158.62. This trade represents a 4.13% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.77% of the company’s stock.

Chubb Price Performance

Chubb stock opened at $283.94 on Friday. The stock has a market cap of $113.78 billion, a P/E ratio of 13.66, a P/E/G ratio of 3.15 and a beta of 0.54. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.21. The company’s 50 day moving average price is $287.84 and its two-hundred day moving average price is $281.65. Chubb Limited has a 52 week low of $251.42 and a 52 week high of $306.91.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $3.68 earnings per share for the quarter, topping the consensus estimate of $3.28 by $0.40. Chubb had a return on equity of 12.37% and a net margin of 15.05%. The business had revenue of $12.65 billion for the quarter, compared to analysts’ expectations of $11.22 billion. On average, equities analysts predict that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Friday, June 13th will be given a $0.97 dividend. This is a positive change from Chubb’s previous quarterly dividend of $0.91. The ex-dividend date of this dividend is Friday, June 13th. This represents a $3.88 annualized dividend and a yield of 1.37%. Chubb’s payout ratio is currently 18.67%.

Chubb declared that its board has authorized a share repurchase plan on Thursday, May 15th that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the financial services provider to purchase up to 4.3% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its shares are undervalued.

About Chubb

Chubb Limited provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, casualty, workers' compensation, package policies, risk management, financial lines, marine, construction, environmental, medical risk, cyber risk, surety, and casualty; and group accident and health insurance to large, middle market, and small commercial businesses.