Chubb Limited $CB Stock Position Raised by WCM Investment Management LLC

WCM Investment Management LLC increased its stake in Chubb Limited (NYSE:CB) by 332.1% during the first quarter, HoldingsChannel.com reports. The fund owned 93,010 shares of the financial services provider’s stock after buying an additional 71,486 shares during the period. WCM Investment Management LLC’s holdings in Chubb were worth $30,261,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Lowe Brockenbrough & Co. Inc. raised its holdings in Chubb by 3.4% during the 1st quarter. Lowe Brockenbrough & Co. Inc. now owns 25,584 shares of the financial services provider’s stock worth $8,339,000 after buying an additional 853 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Chubb by 1.8% in the first quarter. Dimensional Fund Advisors LP now owns 2,152,980 shares of the financial services provider’s stock worth $701,714,000 after buying an additional 37,961 shares during the period. Balefire LLC boosted its holdings in shares of Chubb by 1.7% in the first quarter. Balefire LLC now owns 3,486 shares of the financial services provider’s stock worth $1,136,000 after buying an additional 57 shares during the period. Parallel Advisors LLC increased its position in shares of Chubb by 5.1% in the first quarter. Parallel Advisors LLC now owns 7,145 shares of the financial services provider’s stock worth $2,329,000 after acquiring an additional 345 shares in the last quarter. Finally, KBC Group NV increased its position in shares of Chubb by 1.6% in the first quarter. KBC Group NV now owns 101,636 shares of the financial services provider’s stock worth $33,126,000 after acquiring an additional 1,588 shares in the last quarter. 83.81% of the stock is owned by institutional investors and hedge funds.

Chubb Price Performance

Shares of CB opened at $352.07 on Monday. The business’s 50-day moving average is $332.32 and its 200-day moving average is $325.76. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.28 and a quick ratio of 0.28. The company has a market capitalization of $136.55 billion, a price-to-earnings ratio of 12.43, a P/E/G ratio of 1.82 and a beta of 0.40. Chubb Limited has a fifty-two week low of $264.10 and a fifty-two week high of $365.29.

Chubb (NYSE:CB) last posted its quarterly earnings results on Tuesday, March 31st. The financial services provider reported $6.82 EPS for the quarter. Chubb had a net margin of 18.58% and a return on equity of 14.30%. The business had revenue of $14.93 billion during the quarter. Equities research analysts expect that Chubb Limited will post 26.75 EPS for the current fiscal year.

Chubb Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Friday, June 12th were given a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Friday, June 12th. This is a positive change from Chubb’s previous quarterly dividend of $0.97. Chubb’s payout ratio is currently 14.41%.

Insider Activity

In other news, COO John W. Keogh sold 23,000 shares of the business’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $321.51, for a total transaction of $7,394,730.00. Following the transaction, the chief operating officer directly owned 203,322 shares in the company, valued at $65,370,056.22. The trade was a 10.16% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.37% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on CB shares. Atlantic Securities set a $301.00 price target on shares of Chubb in a report on Wednesday. Citizens Jmp lifted their price objective on shares of Chubb from $365.00 to $400.00 and gave the stock a “market outperform” rating in a research report on Friday, July 10th. Bank of America lowered their price objective on shares of Chubb from $286.00 to $271.00 and set an “underperform” rating on the stock in a research report on Tuesday, April 14th. Weiss Ratings raised shares of Chubb from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Monday, June 29th. Finally, Citigroup restated an “outperform” rating on shares of Chubb in a report on Friday, July 10th. Two equities 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 given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $357.73.

Chubb Profile

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.