Chubb Limited $CB Position Trimmed by Welch & Forbes LLC

Welch & Forbes LLC decreased its holdings in shares of Chubb Limited (NYSE:CB) by 0.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 401,368 shares of the financial services provider’s stock after selling 2,991 shares during the period. Chubb comprises about 1.5% of Welch & Forbes LLC’s portfolio, making the stock its 19th largest holding. Welch & Forbes LLC’s holdings in Chubb were worth $116,284,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Accuvest Global Advisors bought a new position in shares of Chubb during the second quarter worth about $226,000. American Institute for Advanced Investment Management LLP grew its position in shares of Chubb by 6.4% during the second quarter. American Institute for Advanced Investment Management LLP now owns 1,575 shares of the financial services provider’s stock worth $465,000 after acquiring an additional 95 shares during the last quarter. GHP Investment Advisors Inc. grew its position in shares of Chubb by 10.8% during the second quarter. GHP Investment Advisors Inc. now owns 885 shares of the financial services provider’s stock worth $256,000 after acquiring an additional 86 shares during the last quarter. Balentine LLC grew its position in shares of Chubb by 7.5% during the second quarter. Balentine LLC now owns 850 shares of the financial services provider’s stock worth $246,000 after acquiring an additional 59 shares during the last quarter. Finally, Crescent Sterling Ltd. grew its position in shares of Chubb by 48.9% during the second quarter. Crescent Sterling Ltd. now owns 2,064 shares of the financial services provider’s stock worth $598,000 after acquiring an additional 678 shares during the last quarter. Institutional investors own 83.81% of the company’s stock.

Chubb Stock Performance

NYSE:CB opened at $277.13 on Friday. Chubb Limited has a twelve month low of $252.16 and a twelve month high of $306.91. The company has a current ratio of 0.27, a quick ratio of 0.28 and a debt-to-equity ratio of 0.20. The company has a 50-day moving average of $277.80 and a 200-day moving average of $280.64. The firm has a market cap of $109.07 billion, a price-to-earnings ratio of 11.57, a price-to-earnings-growth ratio of 2.74 and a beta of 0.54.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, October 21st. The financial services provider reported $7.49 earnings per share for the quarter, beating the consensus estimate of $5.51 by $1.98. Chubb had a net margin of 16.53% and a return on equity of 12.93%. The company had revenue of $14.87 billion during the quarter, compared to analyst estimates of $12.95 billion. During the same quarter last year, the firm posted $5.72 EPS. The business’s revenue for the quarter was up 7.5% on a year-over-year basis. Analysts forecast that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 3rd. Shareholders of record on Friday, September 12th were paid a dividend of $0.97 per share. The ex-dividend date of this dividend was Friday, September 12th. This represents a $3.88 dividend on an annualized basis and a yield of 1.4%. Chubb’s dividend payout ratio is currently 16.19%.

Insider Buying and Selling

In other Chubb news, insider John J. Lupica sold 23,698 shares of the company’s stock in a transaction dated Monday, October 27th. The shares were sold at an average price of $281.00, for a total transaction of $6,659,138.00. Following the completion of the sale, the insider directly owned 90,600 shares of the company’s stock, valued at approximately $25,458,600. This represents a 20.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on CB shares. JPMorgan Chase & Co. upped their price target on shares of Chubb from $321.00 to $327.00 and gave the stock a “neutral” rating in a research report on Thursday, October 9th. Wells Fargo & Company upped their price target on shares of Chubb from $277.00 to $293.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 23rd. Wolfe Research upped their price target on shares of Chubb from $320.00 to $336.00 and gave the stock an “outperform” rating in a research report on Thursday, October 23rd. Morgan Stanley lowered their price target on shares of Chubb from $300.00 to $295.00 and set an “equal weight” rating for the company in a research report on Monday, August 18th. Finally, Evercore ISI upped their price objective on shares of Chubb from $312.00 to $315.00 and gave the stock an “outperform” rating in a report on Wednesday, October 1st. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $307.79.

Chubb Company 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.