Chubb Limited $CB Stake Trimmed by Willis Investment Counsel

Willis Investment Counsel decreased its holdings in shares of Chubb Limited (NYSE:CB) by 10.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 146,436 shares of the financial services provider’s stock after selling 16,439 shares during the quarter. Chubb comprises about 2.1% of Willis Investment Counsel’s investment portfolio, making the stock its 9th largest position. Willis Investment Counsel’s holdings in Chubb were worth $47,628,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Ballast Inc. increased its holdings in shares of Chubb by 3.2% in the 3rd quarter. Ballast Inc. now owns 6,178 shares of the financial services provider’s stock worth $2,009,000 after buying an additional 192 shares during the last quarter. Freedom Day Solutions LLC raised its position in shares of Chubb by 0.4% during the 3rd quarter. Freedom Day Solutions LLC now owns 8,241 shares of the financial services provider’s stock valued at $2,681,000 after buying an additional 31 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in shares of Chubb by 0.5% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 54,619 shares of the financial services provider’s stock valued at $17,765,000 after acquiring an additional 294 shares during the last quarter. Family Wealth Partners LLC lifted its holdings in shares of Chubb by 8.8% in the 3rd quarter. Family Wealth Partners LLC now owns 994 shares of the financial services provider’s stock valued at $323,000 after acquiring an additional 80 shares during the last quarter. Finally, Investment Research Partners LLC grew its position in Chubb by 2.6% in the third quarter. Investment Research Partners LLC now owns 1,898 shares of the financial services provider’s stock worth $617,000 after acquiring an additional 48 shares in the last quarter. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Insider Transactions at Chubb

In other news, EVP Joseph Wayland sold 8,502 shares of the firm’s stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $364.54, for a total transaction of $3,099,319.08. Following the transaction, the executive vice president directly owned 33,749 shares of the company’s stock, valued at approximately $12,302,860.46. This trade represents a 20.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Michael P. Connors sold 5,500 shares of Chubb stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $345.00, for a total transaction of $1,897,500.00. Following the sale, the director directly owned 12,803 shares of the company’s stock, valued at $4,417,035. This represents a 30.05% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.37% of the company’s stock.

Analyst Upgrades and Downgrades

CB has been the topic of several analyst reports. Citigroup reissued a “market outperform” rating on shares of Chubb in a research note on Wednesday, July 22nd. Morgan Stanley lowered their price objective on Chubb from $360.00 to $350.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 6th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $354.00 target price on shares of Chubb in a report on Wednesday, July 22nd. Keefe, Bruyette & Woods cut their target price on Chubb from $389.00 to $387.00 and set an “outperform” rating on the stock in a research report on Monday, October 12th. Finally, Mizuho decreased their price target on Chubb from $347.00 to $336.00 and set a “neutral” rating on the stock in a report on Wednesday, October 7th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Chubb presently has an average rating of “Hold” and a consensus target price of $358.36.

Chubb Trading Down 0.1%

CB traded down $0.48 during trading hours on Tuesday, reaching $355.79. 694,842 shares of the company’s stock traded hands, compared to its average volume of 1,703,462. The firm has a 50-day moving average price of $340.62 and a 200 day moving average price of $336.68. Chubb Limited has a 52-week low of $266.40 and a 52-week high of $365.91. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $137.27 billion, a PE ratio of 12.60, a PEG ratio of 1.57 and a beta of 0.36.

Chubb (NYSE:CB) last released its earnings results on Tuesday, July 21st. The financial services provider reported $7.26 earnings per share for the quarter, topping analysts’ consensus estimates of $6.77 by $0.49. The business had revenue of $11.97 billion for the quarter, compared to analyst estimates of $15.07 billion. Chubb had a return on equity of 14.47% and a net margin of 18.10%. The business’s revenue was up 3.6% compared to the same quarter last year. During the same quarter last year, the firm posted $6.14 earnings per share. As a group, sell-side analysts predict that Chubb Limited will post 27.72 EPS for the current fiscal year.

Chubb Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Friday, September 11th were issued a dividend of $1.02 per share. The ex-dividend date was Friday, September 11th. This represents a $4.08 dividend on an annualized basis and a yield of 1.1%. Chubb’s dividend payout ratio (DPR) is presently 14.43%.

Chubb Company Profile

Chubb Limited is a global insurance company that provides property and casualty, accident and health, life, and reinsurance products and services. Its offerings include commercial and personal property and casualty insurance, liability coverage, workers’ compensation, specialty insurance, travel insurance, and coverage for high-net-worth individuals.

The company serves businesses, individuals, and institutional customers through a network spanning North America, Latin America, Europe, Asia-Pacific, and other international markets.