Evelyn Partners Investment Management LLP Purchases 5,756 Shares of Chubb Limited $CB

Evelyn Partners Investment Management LLP grew its position in Chubb Limited (NYSE:CB) by 2.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 264,903 shares of the financial services provider’s stock after buying an additional 5,756 shares during the period. Chubb accounts for about 2.3% of Evelyn Partners Investment Management LLP’s portfolio, making the stock its 13th largest position. Evelyn Partners Investment Management LLP’s holdings in Chubb were worth $82,682,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of CB. Baldwin Investment Management LLC raised its position in shares of Chubb by 0.9% in the 4th quarter. Baldwin Investment Management LLC now owns 6,293 shares of the financial services provider’s stock valued at $1,964,000 after purchasing an additional 56 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its position in shares of Chubb by 200.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 999,072 shares of the financial services provider’s stock valued at $311,830,000 after purchasing an additional 666,093 shares during the last quarter. Atlas Capital Advisors Inc. purchased a new position in shares of Chubb in the 4th quarter valued at approximately $504,000. Ally Financial Inc. raised its position in shares of Chubb by 66.7% in the 4th quarter. Ally Financial Inc. now owns 10,000 shares of the financial services provider’s stock valued at $3,121,000 after purchasing an additional 4,000 shares during the last quarter. Finally, Aptus Capital Advisors LLC raised its position in shares of Chubb by 200.6% in the 4th quarter. Aptus Capital Advisors LLC now owns 24,992 shares of the financial services provider’s stock valued at $7,801,000 after purchasing an additional 16,677 shares during the last quarter. 83.81% of the stock is currently owned by institutional investors.

Chubb Stock Performance

CB opened at $328.06 on Friday. Chubb Limited has a 12-month low of $264.10 and a 12-month high of $345.67. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $127.24 billion, a PE ratio of 11.58, a P/E/G ratio of 1.68 and a beta of 0.41. The firm has a 50 day moving average of $324.93 and a two-hundred day moving average of $318.94.

Chubb (NYSE:CB) last posted its quarterly earnings results on Tuesday, March 31st. The financial services provider reported $6.82 earnings per share (EPS) for the quarter. Chubb had a net margin of 18.58% and a return on equity of 14.30%. The company had revenue of $14.93 billion during the quarter. On average, analysts anticipate that Chubb Limited will post 26.8 EPS for the current year.

Chubb Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Friday, June 12th will be given a dividend of $1.02 per share. The ex-dividend date of this dividend is Friday, June 12th. This represents a $4.08 dividend on an annualized basis and a yield of 1.2%. This is a boost from Chubb’s previous quarterly dividend of $0.97. Chubb’s payout ratio is 14.41%.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Evercore increased their price objective on shares of Chubb from $347.00 to $349.00 and gave the company an “outperform” rating in a research report on Wednesday, April 22nd. JPMorgan Chase & Co. increased their price objective on shares of Chubb from $330.00 to $340.00 and gave the company a “neutral” rating in a research report on Monday, April 20th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Chubb from $304.00 to $330.00 and gave the company a “hold” rating in a research report on Monday, March 23rd. Jefferies Financial Group decreased their price objective on shares of Chubb from $356.00 to $352.00 and set a “hold” rating for the company in a research report on Thursday, April 23rd. Finally, Keefe, Bruyette & Woods increased their price objective on shares of Chubb from $373.00 to $374.00 and gave the company an “outperform” rating in a research report on Thursday, April 23rd. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Chubb has an average rating of “Moderate Buy” and an average target price of $349.10.

Insider Buying and Selling

In other Chubb news, Director Olivier Steimer sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of $329.30, for a total transaction of $658,600.00. Following the completion of the transaction, the director directly owned 25,468 shares of the company’s stock, valued at approximately $8,386,612.40. This trade represents a 7.28% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO John W. Keogh sold 23,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 27th. The stock was 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 of the company’s stock, valued at $65,370,056.22. This represents a 10.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.37% of the company’s stock.

Chubb Company 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.