Blair William & Co. IL Increases Stock Holdings in Chubb Limited $CB

Blair William & Co. IL lifted its position in shares of Chubb Limited (NYSE:CB) by 1.5% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 51,878 shares of the financial services provider’s stock after buying an additional 770 shares during the quarter. Blair William & Co. IL’s holdings in Chubb were worth $15,030,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in CB. Brighton Jones LLC lifted its holdings in shares of Chubb by 12.8% in the fourth quarter. Brighton Jones LLC now owns 1,945 shares of the financial services provider’s stock valued at $537,000 after purchasing an additional 221 shares in the last quarter. Revolve Wealth Partners LLC acquired a new position in shares of Chubb during the 4th quarter worth approximately $205,000. Farther Finance Advisors LLC lifted its stake in Chubb by 6.3% in the 1st quarter. Farther Finance Advisors LLC now owns 4,005 shares of the financial services provider’s stock valued at $1,207,000 after buying an additional 239 shares in the last quarter. GAMMA Investing LLC grew its holdings in Chubb by 22.3% during the 1st quarter. GAMMA Investing LLC now owns 6,901 shares of the financial services provider’s stock valued at $2,084,000 after buying an additional 1,258 shares during the last quarter. Finally, Simplicity Wealth LLC purchased a new position in Chubb during the first quarter worth $204,000. 83.81% of the stock is owned by institutional investors and hedge funds.

Chubb Stock Performance

Shares of CB stock opened at $283.08 on Friday. Chubb Limited has a one year low of $252.16 and a one year high of $306.91. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.28 and a current ratio of 0.28. The company has a 50 day moving average price of $276.67 and a 200 day moving average price of $282.01. The firm has a market capitalization of $112.86 billion, a price-to-earnings ratio of 12.49, a price-to-earnings-growth ratio of 3.20 and a beta of 0.54.

Chubb (NYSE:CB) last announced its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $6.14 earnings per share for the quarter, beating analysts’ consensus estimates of $5.84 by $0.30. The company had revenue of $14.20 billion for the quarter, compared to analyst estimates of $12.53 billion. Chubb had a net margin of 16.08% and a return on equity of 12.34%. Chubb’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter last year, the business earned $5.38 EPS. Sell-side analysts anticipate that Chubb Limited will post 21.52 EPS for the current year.

Chubb Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 3rd. Stockholders of record on Friday, September 12th were issued a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date was Friday, September 12th. Chubb’s dividend payout ratio (DPR) is 17.12%.

Insider Buying and Selling at Chubb

In other news, Director Michael Corbat bought 425 shares of the firm’s stock in a transaction dated Friday, July 25th. The stock was acquired at an average price of $269.80 per share, for a total transaction of $114,665.00. Following the acquisition, the director owned 2,450 shares of the company’s stock, valued at $661,010. This trade represents a 20.99% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.77% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CB. UBS Group reduced their price objective on Chubb from $304.00 to $292.00 and set a “neutral” rating on the stock in a research report on Monday, July 28th. HSBC lowered shares of Chubb from a “buy” rating to a “hold” rating and reduced their target price for the company from $317.00 to $300.00 in a report on Friday, August 1st. Barclays raised their price target on shares of Chubb from $298.00 to $310.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Weiss Ratings reissued a “buy (b)” rating on shares of Chubb in a research note on Wednesday. Finally, Evercore ISI raised their target price on shares of Chubb from $312.00 to $315.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 1st. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and twelve have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $306.82.

Chubb Profile

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.