Chubb Limited $CB Shares Bought by Becker Capital Management Inc.

Becker Capital Management Inc. lifted its stake in shares of Chubb Limited (NYSE:CB) by 2.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 83,927 shares of the financial services provider’s stock after acquiring an additional 2,017 shares during the period. Becker Capital Management Inc.’s holdings in Chubb were worth $24,397,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Sei Investments Co. increased its position in Chubb by 9.3% during the second quarter. Sei Investments Co. now owns 201,226 shares of the financial services provider’s stock worth $58,305,000 after purchasing an additional 17,155 shares during the last quarter. Dearborn Partners LLC purchased a new position in shares of Chubb in the 2nd quarter worth $370,000. NewEdge Advisors LLC boosted its holdings in Chubb by 2.9% in the second quarter. NewEdge Advisors LLC now owns 63,678 shares of the financial services provider’s stock valued at $18,449,000 after acquiring an additional 1,779 shares during the last quarter. Integrated Investment Consultants LLC purchased a new stake in Chubb during the second quarter valued at about $303,000. Finally, Stamos Capital Partners L.P. grew its position in Chubb by 32.2% during the second quarter. Stamos Capital Partners L.P. now owns 2,629 shares of the financial services provider’s stock valued at $762,000 after acquiring an additional 640 shares during the period. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Chubb

In other news, EVP Joseph F. Wayland sold 5,830 shares of the stock in a transaction that occurred on Thursday, November 13th. The stock was sold at an average price of $297.08, for a total transaction of $1,731,976.40. Following the completion of the transaction, the executive vice president directly owned 60,593 shares in the company, valued at approximately $18,000,968.44. This represents a 8.78% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Timothy Alan Boroughs sold 850 shares of Chubb stock in a transaction on Monday, November 24th. The stock was sold at an average price of $295.19, for a total transaction of $250,911.50. Following the completion of the sale, the executive vice president owned 1,585 shares of the company’s stock, valued at approximately $467,876.15. This trade represents a 34.91% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 57,333 shares of company stock worth $16,629,873 in the last 90 days. 0.77% of the stock is owned by corporate insiders.

Chubb Trading Down 1.9%

NYSE CB opened at $295.62 on Thursday. The company’s fifty day simple moving average is $287.29 and its 200-day simple moving average is $281.91. Chubb Limited has a 52 week low of $252.16 and a 52 week high of $306.91. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.20. The stock has a market cap of $116.34 billion, a P/E ratio of 12.34, a PEG ratio of 3.44 and a beta of 0.51.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, October 21st. The financial services provider reported $7.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.51 by $1.98. Chubb had a net margin of 16.53% and a return on equity of 12.93%. The firm had revenue of $16.15 billion for the quarter, compared to the consensus estimate of $12.95 billion. During the same quarter in the previous year, the firm posted $5.72 EPS. The firm’s quarterly revenue was up 7.5% on a year-over-year basis. Equities research analysts predict that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 2nd. Investors of record on Friday, December 12th will be issued a $0.97 dividend. The ex-dividend date of this dividend is Friday, December 12th. This represents a $3.88 dividend on an annualized basis and a yield of 1.3%. Chubb’s dividend payout ratio is currently 16.19%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on CB shares. Wolfe Research raised their price objective on Chubb from $320.00 to $336.00 and gave the stock an “outperform” rating in a report on Thursday, October 23rd. The Goldman Sachs Group reissued a “neutral” rating and set a $309.00 target price on shares of Chubb in a research report on Monday, October 27th. Jefferies Financial Group lifted their price target on shares of Chubb from $297.00 to $302.00 and gave the company a “hold” rating in a research report on Thursday, October 23rd. JPMorgan Chase & Co. boosted their price objective on shares of Chubb from $321.00 to $327.00 and gave the stock a “neutral” rating in a research note on Thursday, October 9th. Finally, Wells Fargo & Company raised their target price on shares of Chubb from $277.00 to $293.00 and gave the company an “equal weight” rating in a research note on Thursday, October 23rd. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Chubb currently has an average rating of “Hold” and a consensus target price of $308.32.

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.