Wagner Bowman Management Corp Trims Holdings in Chubb Ltd (NYSE:CB)

Wagner Bowman Management Corp lowered its position in shares of Chubb Ltd (NYSE:CB) by 12.8% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,370 shares of the financial services provider’s stock after selling 939 shares during the quarter. Wagner Bowman Management Corp’s holdings in Chubb were worth $938,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in CB. WCM Investment Management LLC raised its stake in shares of Chubb by 100.6% during the first quarter. WCM Investment Management LLC now owns 14,039,350 shares of the financial services provider’s stock valued at $1,966,632,000 after purchasing an additional 7,040,520 shares during the period. FMR LLC raised its stake in shares of Chubb by 0.6% during the first quarter. FMR LLC now owns 11,889,654 shares of the financial services provider’s stock valued at $1,665,503,000 after purchasing an additional 74,295 shares during the period. JPMorgan Chase & Co. grew its position in shares of Chubb by 3.4% during the first quarter. JPMorgan Chase & Co. now owns 6,205,421 shares of the financial services provider’s stock worth $869,256,000 after buying an additional 203,528 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Chubb by 7.3% during the fourth quarter. Geode Capital Management LLC now owns 5,631,484 shares of the financial services provider’s stock worth $726,121,000 after buying an additional 383,344 shares in the last quarter. Finally, Northern Trust Corp boosted its holdings in Chubb by 1.1% in the first quarter. Northern Trust Corp now owns 5,376,229 shares of the financial services provider’s stock worth $753,101,000 after purchasing an additional 56,907 shares during the period. Institutional investors own 89.39% of the company’s stock.

Chubb stock traded up $1.25 during midday trading on Friday, hitting $155.18. The company’s stock had a trading volume of 528,353 shares, compared to its average volume of 1,792,055. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 0.25. The stock’s 50-day moving average price is $151.18 and its 200-day moving average price is $143.05. Chubb Ltd has a 12 month low of $119.54 and a 12 month high of $160.23. The company has a market capitalization of $72.39 billion, a PE ratio of 16.44, a price-to-earnings-growth ratio of 1.53 and a beta of 0.72.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $2.60 EPS for the quarter, topping the consensus estimate of $2.58 by $0.02. The firm had revenue of $7.76 billion for the quarter, compared to analysts’ expectations of $7.65 billion. Chubb had a net margin of 11.00% and a return on equity of 8.53%. Chubb’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period in the previous year, the business earned $2.68 earnings per share. As a group, equities analysts anticipate that Chubb Ltd will post 10.4 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, October 11th. Investors of record on Friday, September 20th will be paid a $0.75 dividend. The ex-dividend date of this dividend is Thursday, September 19th. This represents a $3.00 dividend on an annualized basis and a yield of 1.93%. Chubb’s dividend payout ratio is currently 31.78%.

In other Chubb news, insider Juan C. Andrade sold 5,000 shares of Chubb stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $145.22, for a total transaction of $726,100.00. Following the transaction, the insider now owns 113,479 shares of the company’s stock, valued at approximately $16,479,420.38. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider John J. Lupica sold 10,400 shares of Chubb stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $146.37, for a total value of $1,522,248.00. Following the transaction, the insider now directly owns 174,037 shares in the company, valued at approximately $25,473,795.69. The disclosure for this sale can be found here. Insiders sold a total of 355,821 shares of company stock worth $53,008,187 in the last three months. 0.47% of the stock is currently owned by company insiders.

Several brokerages have recently issued reports on CB. Compass Point downgraded shares of Chubb from a “buy” rating to a “neutral” rating and reduced their price target for the company from $165.00 to $156.00 in a report on Wednesday, May 29th. They noted that the move was a valuation call. JMP Securities restated an “outperform” rating on shares of Chubb in a research note on Thursday, July 25th. Morgan Stanley lifted their price objective on shares of Chubb from $154.00 to $163.00 and gave the company an “equal weight” rating in a research note on Thursday. ValuEngine cut shares of Chubb from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Finally, Raymond James restated a “strong-buy” rating and set a $160.00 price objective (up from $150.00) on shares of Chubb in a research note on Friday, July 5th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. Chubb presently has an average rating of “Hold” and an average price target of $153.00.

About Chubb

Chubb Limited, through its subsidiaries, provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, marine, general casualty, workers' compensation, package policies, and risk management; professional lines, marine, construction, environmental, medical, cyber risk, surety, and excess casualty; and group accident and health insurance to large, middle market, and small commercial businesses in the United States, Canada, and Bermuda.

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Institutional Ownership by Quarter for Chubb (NYSE:CB)

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