ZWJ Investment Counsel Inc. Sells 1,822 Shares of Chubb Limited (NYSE:CB)

ZWJ Investment Counsel Inc. lowered its position in shares of Chubb Limited (NYSE:CB) by 1.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 173,926 shares of the financial services provider’s stock after selling 1,822 shares during the quarter. Chubb comprises 2.0% of ZWJ Investment Counsel Inc.’s investment portfolio, making the stock its 18th biggest holding. ZWJ Investment Counsel Inc.’s holdings in Chubb were worth $39,307,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Wellington Management Group LLP grew its stake in Chubb by 0.8% during the third quarter. Wellington Management Group LLP now owns 18,522,413 shares of the financial services provider’s stock worth $3,855,996,000 after purchasing an additional 138,142 shares during the period. Deutsche Bank AG grew its position in shares of Chubb by 426.8% during the 3rd quarter. Deutsche Bank AG now owns 16,119,520 shares of the financial services provider’s stock worth $3,355,762,000 after buying an additional 13,059,385 shares during the period. Moneta Group Investment Advisors LLC increased its stake in shares of Chubb by 102,751.3% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 8,289,814 shares of the financial services provider’s stock valued at $1,828,733,000 after acquiring an additional 8,281,754 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Chubb by 0.8% during the 1st quarter. Geode Capital Management LLC now owns 7,833,334 shares of the financial services provider’s stock valued at $1,517,747,000 after acquiring an additional 60,630 shares during the period. Finally, Wells Fargo & Company MN boosted its position in shares of Chubb by 1.4% during the 2nd quarter. Wells Fargo & Company MN now owns 5,929,199 shares of the financial services provider’s stock worth $1,141,727,000 after purchasing an additional 80,892 shares in the last quarter. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CB has been the subject of several research reports. StockNews.com raised shares of Chubb from a “hold” rating to a “buy” rating in a research report on Saturday, March 30th. JPMorgan Chase & Co. lifted 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. The Goldman Sachs Group upped their target price on shares of Chubb from $228.00 to $254.00 and gave the stock a “neutral” rating in a report on Friday, April 12th. TD Cowen began coverage on Chubb in a research note on Wednesday, January 10th. They set a “market perform” rating and a $254.00 price target for the company. Finally, UBS Group increased their price objective on Chubb from $245.00 to $256.00 and gave the stock a “neutral” rating in a research note on Monday, February 5th. Nine equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $266.37.

Chubb Stock Performance

Shares of NYSE:CB traded up $4.82 during midday trading on Friday, reaching $250.21. The company had a trading volume of 2,573,256 shares, compared to its average volume of 1,728,740. Chubb Limited has a 52-week low of $183.71 and a 52-week high of $260.58. The company’s 50 day moving average price is $252.51 and its 200 day moving average price is $234.19. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.20. The stock has a market cap of $101.58 billion, a P/E ratio of 11.46, a P/E/G ratio of 1.15 and a beta of 0.62.

Chubb (NYSE:CB) last released its earnings results on Tuesday, January 30th. The financial services provider reported $8.30 earnings per share for the quarter, beating analysts’ consensus estimates of $5.07 by $3.23. The firm had revenue of $13.38 billion during the quarter, compared to the consensus estimate of $12.88 billion. Chubb had a net margin of 18.11% and a return on equity of 16.45%. As a group, sell-side analysts anticipate that Chubb Limited will post 21.13 EPS for the current fiscal year.

Chubb Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Friday, March 15th were paid a dividend of $0.86 per share. The ex-dividend date was Thursday, March 14th. This represents a $3.44 annualized dividend and a dividend yield of 1.37%. Chubb’s payout ratio is 15.76%.

Insider Buying and Selling

In other news, CAO Annmarie T. Hagan sold 7,180 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $245.04, for a total value of $1,759,387.20. Following the sale, the chief accounting officer now owns 6,105 shares of the company’s stock, valued at $1,495,969.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, CAO Annmarie T. Hagan sold 7,180 shares of the stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $245.04, for a total transaction of $1,759,387.20. Following the sale, the chief accounting officer now owns 6,105 shares of the company’s stock, valued at approximately $1,495,969.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Joseph F. Wayland sold 26,946 shares of the firm’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $257.02, for a total value of $6,925,660.92. Following the completion of the transaction, the executive vice president now owns 95,252 shares of the company’s stock, valued at approximately $24,481,669.04. The disclosure for this sale can be found here. In the last 90 days, insiders sold 116,043 shares of company stock valued at $29,766,694. 0.86% of the stock is owned by insiders.

About Chubb

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.