Evelyn Partners Investment Management Services Ltd boosted its stake in shares of Chubb Limited (NYSE:CB – Free Report) by 4.1% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 70,285 shares of the financial services provider’s stock after buying an additional 2,786 shares during the quarter. Chubb makes up approximately 2.7% of Evelyn Partners Investment Management Services Ltd’s investment portfolio, making the stock its 11th biggest holding. Evelyn Partners Investment Management Services Ltd’s holdings in Chubb were worth $22,908,000 as of its most recent filing with the SEC.
Other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC grew its holdings in Chubb by 12.8% during the 4th quarter. Brighton Jones LLC now owns 1,945 shares of the financial services provider’s stock valued at $537,000 after purchasing an additional 221 shares during the last quarter. Revolve Wealth Partners LLC bought a new stake in Chubb in the fourth quarter worth about $205,000. Woodline Partners LP boosted its position in shares of Chubb by 13.0% during the first quarter. Woodline Partners LP now owns 12,599 shares of the financial services provider’s stock valued at $3,805,000 after buying an additional 1,449 shares during the period. Sivia Capital Partners LLC boosted its position in shares of Chubb by 14.4% during the second quarter. Sivia Capital Partners LLC now owns 1,392 shares of the financial services provider’s stock valued at $403,000 after buying an additional 175 shares during the period. Finally, Sei Investments Co. grew its stake in shares of Chubb by 9.3% during the second quarter. Sei Investments Co. now owns 201,226 shares of the financial services provider’s stock valued at $58,305,000 after buying an additional 17,155 shares during the last quarter. 83.81% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
CB has been the subject of a number of recent analyst reports. Wells Fargo & Company dropped their price objective on Chubb from $358.00 to $356.00 and set an “equal weight” rating for the company in a report on Thursday. Keefe, Bruyette & Woods increased their target price on Chubb from $374.00 to $389.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 8th. Citigroup reiterated a “market outperform” rating on shares of Chubb in a research report on Wednesday, July 22nd. Mizuho boosted their target price on shares of Chubb from $335.00 to $352.00 and gave the company a “neutral” rating in a research note on Thursday, July 9th. Finally, Wolfe Research raised their price target on shares of Chubb from $372.00 to $373.00 and gave the stock an “outperform” rating in a research note on Monday, April 6th. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Chubb currently has an average rating of “Hold” and an average price target of $360.09.
Insider Buying and Selling at Chubb
In other news, COO John W. Keogh sold 23,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $321.51, for a total value of $7,394,730.00. Following the completion of the sale, the chief operating officer owned 203,322 shares of the company’s stock, valued at approximately $65,370,056.22. This represents a 10.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.37% of the company’s stock.
Chubb Price Performance
Shares of CB stock opened at $359.00 on Tuesday. Chubb Limited has a twelve month low of $264.10 and a twelve month high of $365.29. The company has a current ratio of 0.36, a quick ratio of 0.28 and a debt-to-equity ratio of 0.20. The stock has a fifty day simple moving average of $336.13 and a two-hundred day simple moving average of $327.52. The stock has a market capitalization of $139.24 billion, a price-to-earnings ratio of 12.70, a P/E/G ratio of 1.80 and a beta of 0.40.
Chubb (NYSE:CB – Get Free Report) last announced its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $7.26 EPS for the quarter, beating the consensus estimate of $6.77 by $0.49. Chubb had a return on equity of 14.47% and a net margin of 18.10%.The firm had revenue of $16.01 billion for the quarter, compared to analyst estimates of $15.07 billion. During the same quarter last year, the firm posted $6.14 earnings per share. The business’s revenue for the quarter was up 3.6% on a year-over-year basis. On average, analysts predict that Chubb Limited will post 27.15 EPS for the current fiscal year.
Chubb Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Friday, June 12th were issued a $1.02 dividend. The ex-dividend date was Friday, June 12th. This represents a $4.08 annualized dividend and a dividend yield of 1.1%. This is an increase from Chubb’s previous quarterly dividend of $0.97. Chubb’s dividend payout ratio (DPR) is presently 14.43%.
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.
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