Blair William & Co. IL Grows Stock Holdings in Chubb Limited (NYSE:CB)

Blair William & Co. IL grew its stake in shares of Chubb Limited (NYSE:CB) by 53.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 55,576 shares of the financial services provider’s stock after buying an additional 19,268 shares during the quarter. Blair William & Co. IL’s holdings in Chubb were worth $14,176,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of CB. Gryphon Financial Partners LLC bought a new position in shares of Chubb during the fourth quarter valued at about $597,000. Franklin Resources Inc. grew its stake in shares of Chubb by 0.7% during the fourth quarter. Franklin Resources Inc. now owns 271,463 shares of the financial services provider’s stock valued at $61,351,000 after buying an additional 1,795 shares during the last quarter. Commerce Bank grew its stake in shares of Chubb by 2.6% in the fourth quarter. Commerce Bank now owns 209,102 shares of the financial services provider’s stock worth $47,257,000 after purchasing an additional 5,345 shares during the last quarter. FineMark National Bank & Trust grew its stake in shares of Chubb by 6.5% in the fourth quarter. FineMark National Bank & Trust now owns 2,657 shares of the financial services provider’s stock worth $600,000 after purchasing an additional 162 shares during the last quarter. Finally, SageView Advisory Group LLC bought a new stake in shares of Chubb in the fourth quarter worth about $455,000. 83.81% of the stock is owned by institutional investors.

Chubb Price Performance

CB stock opened at $290.58 on Friday. The firm has a 50 day moving average price of $275.22 and a 200-day moving average price of $262.97. Chubb Limited has a 52-week low of $204.15 and a 52-week high of $294.18. The firm has a market capitalization of $117.99 billion, a price-to-earnings ratio of 12.90, a PEG ratio of 5.59 and a beta of 0.66. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.31 and a current ratio of 0.31.

Chubb (NYSE:CB) last released its earnings results on Tuesday, July 23rd. The financial services provider reported $5.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.04 by $0.34. Chubb had a net margin of 18.14% and a return on equity of 15.77%. The firm had revenue of $13.36 billion during the quarter, compared to analyst estimates of $13.04 billion. During the same period last year, the business earned $4.92 earnings per share. The business’s revenue was up 11.8% on a year-over-year basis. Equities research analysts forecast that Chubb Limited will post 21.2 EPS for the current fiscal year.

Chubb Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 4th. Investors of record on Friday, September 13th will be issued a $0.91 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $3.64 dividend on an annualized basis and a yield of 1.25%. Chubb’s payout ratio is currently 16.16%.

Insider Buying and Selling

In related news, CEO Evan G. Greenberg sold 30,537 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $287.25, for a total value of $8,771,753.25. Following the completion of the transaction, the chief executive officer now directly owns 583,982 shares in the company, valued at approximately $167,748,829.50. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, insider John J. Lupica sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $285.49, for a total value of $4,282,350.00. Following the completion of the transaction, the insider now directly owns 103,950 shares in the company, valued at approximately $29,676,685.50. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Evan G. Greenberg sold 30,537 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $287.25, for a total transaction of $8,771,753.25. Following the completion of the transaction, the chief executive officer now owns 583,982 shares of the company’s stock, valued at $167,748,829.50. The disclosure for this sale can be found here. Insiders sold a total of 86,636 shares of company stock worth $24,874,208 in the last three months. Insiders own 0.86% of the company’s stock.

Wall Street Analyst Weigh In

CB has been the topic of several recent analyst reports. William Blair cut Chubb from a “market perform” rating to an “underperform” rating in a research note on Friday, June 28th. Barclays initiated coverage on Chubb in a research note on Wednesday, September 4th. They issued an “overweight” rating and a $349.00 target price on the stock. Roth Mkm raised their target price on Chubb from $280.00 to $300.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. JMP Securities raised their target price on Chubb from $280.00 to $300.00 and gave the stock a “market outperform” rating in a research note on Wednesday, July 24th. Finally, Bank of America raised their target price on Chubb from $257.00 to $264.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Chubb has a consensus rating of “Hold” and an average price target of $274.70.

Chubb 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.