Bowman & Co S.C. Sells 151 Shares of Chubb Limited (NYSE:CB)

Bowman & Co S.C. lowered its holdings in Chubb Limited (NYSE:CB) by 1.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,833 shares of the financial services provider’s stock after selling 151 shares during the quarter. Chubb accounts for about 1.4% of Bowman & Co S.C.’s investment portfolio, making the stock its 18th biggest position. Bowman & Co S.C.’s holdings in Chubb were worth $2,289,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Lazard Asset Management LLC grew its stake in Chubb by 978.1% during the third quarter. Lazard Asset Management LLC now owns 546,556 shares of the financial services provider’s stock worth $113,781,000 after buying an additional 495,860 shares during the last quarter. Alphinity Investment Management Pty Ltd grew its stake in Chubb by 155.8% during the fourth quarter. Alphinity Investment Management Pty Ltd now owns 532,015 shares of the financial services provider’s stock worth $120,235,000 after buying an additional 324,019 shares during the last quarter. ING Groep NV grew its stake in Chubb by 175,378.1% during the fourth quarter. ING Groep NV now owns 112,306 shares of the financial services provider’s stock worth $25,381,000 after buying an additional 112,242 shares during the last quarter. Graypoint LLC grew its stake in Chubb by 1,275.7% during the fourth quarter. Graypoint LLC now owns 31,599 shares of the financial services provider’s stock worth $7,141,000 after buying an additional 29,302 shares during the last quarter. Finally, BKM Wealth Management LLC acquired a new position in shares of Chubb during the fourth quarter worth approximately $1,403,000. Institutional investors own 83.81% of the company’s stock.

Insider Buying and Selling at Chubb

In other Chubb news, CAO Annmarie T. Hagan sold 1,529 shares of the stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $263.81, for a total value of $403,365.49. Following the completion of the sale, the chief accounting officer now owns 7,718 shares in the company, valued at $2,036,085.58. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, Director Michael G. Atieh sold 716 shares of the firm’s stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $269.70, for a total transaction of $193,105.20. Following the completion of the sale, the director now owns 39,295 shares in the company, valued at approximately $10,597,861.50. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Annmarie T. Hagan sold 1,529 shares of the firm’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $263.81, for a total transaction of $403,365.49. Following the sale, the chief accounting officer now owns 7,718 shares of the company’s stock, valued at approximately $2,036,085.58. The disclosure for this sale can be found here. Insiders sold a total of 47,552 shares of company stock worth $12,149,985 over the last quarter. 0.86% of the stock is currently owned by insiders.

Chubb Stock Down 1.2 %

Chubb stock opened at $260.01 on Thursday. The company has a market cap of $105.58 billion, a P/E ratio of 11.54, a price-to-earnings-growth ratio of 6.32 and a beta of 0.66. Chubb Limited has a 1-year low of $183.71 and a 1-year high of $275.41. The company has a fifty day simple moving average of $258.54 and a 200 day simple moving average of $248.09. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.21.

Chubb (NYSE:CB) last released its earnings results on Tuesday, April 23rd. The financial services provider reported $5.41 earnings per share for the quarter, beating analysts’ consensus estimates of $5.29 by $0.12. The business had revenue of $12.22 billion during the quarter, compared to the consensus estimate of $11.75 billion. Chubb had a net margin of 17.99% and a return on equity of 16.29%. The firm’s revenue for the quarter was up 14.1% compared to the same quarter last year. During the same quarter last year, the firm earned $4.41 earnings per share. Research analysts anticipate that Chubb Limited will post 21.15 earnings per share for the current fiscal year.

Chubb Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Friday, June 14th will be given a $0.91 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $3.64 dividend on an annualized basis and a yield of 1.40%. This is an increase from Chubb’s previous quarterly dividend of $0.86. Chubb’s dividend payout ratio (DPR) is 16.16%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Evercore ISI upped their target price on shares of Chubb from $270.00 to $281.00 and gave the stock an “outperform” rating in a research report on Thursday, April 11th. JMP Securities reiterated a “market outperform” rating and set a $280.00 target price on shares of Chubb in a research report on Monday, April 15th. Bank of America upgraded shares of Chubb from an “underperform” rating to a “neutral” rating and increased their price objective for the company from $244.00 to $266.00 in a report on Thursday, May 23rd. Morgan Stanley increased their price objective on shares of Chubb from $258.00 to $260.00 and gave the company an “equal weight” rating in a report on Monday, April 15th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Chubb from $253.00 to $266.00 and gave the company a “neutral” rating in a report on Monday, April 8th. Eleven research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Chubb has a consensus rating of “Moderate Buy” and a consensus target price of $266.70.

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.