Chesley Taft & Associates LLC Raises Stake in Chubb Limited $CB

Chesley Taft & Associates LLC increased its position in Chubb Limited (NYSE:CB) by 7.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 102,427 shares of the financial services provider’s stock after buying an additional 7,043 shares during the period. Chubb comprises 1.3% of Chesley Taft & Associates LLC’s portfolio, making the stock its 20th largest holding. Chesley Taft & Associates LLC’s holdings in Chubb were worth $31,970,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the company. Eastern Bank lifted its stake in shares of Chubb by 21.5% during the 4th quarter. Eastern Bank now owns 6,944 shares of the financial services provider’s stock worth $2,167,000 after purchasing an additional 1,227 shares during the period. Mirador Capital Partners LP grew its position in shares of Chubb by 1.1% in the fourth quarter. Mirador Capital Partners LP now owns 20,752 shares of the financial services provider’s stock valued at $6,477,000 after purchasing an additional 234 shares during the period. First County Bank CT grew its position in shares of Chubb by 3.5% in the fourth quarter. First County Bank CT now owns 1,767 shares of the financial services provider’s stock valued at $552,000 after purchasing an additional 59 shares during the period. Kaufman Rossin Wealth LLC increased its stake in Chubb by 68.5% in the fourth quarter. Kaufman Rossin Wealth LLC now owns 1,291 shares of the financial services provider’s stock valued at $403,000 after purchasing an additional 525 shares during the last quarter. Finally, Exchange Traded Concepts LLC increased its stake in Chubb by 21.3% in the fourth quarter. Exchange Traded Concepts LLC now owns 9,861 shares of the financial services provider’s stock valued at $3,078,000 after purchasing an additional 1,734 shares during the last quarter. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Wolfe Research raised their price target on Chubb from $364.00 to $372.00 and gave the stock an “outperform” rating in a research note on Thursday, February 5th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Chubb from $304.00 to $330.00 and gave the company a “hold” rating in a research note on Monday, March 23rd. UBS Group reissued a “neutral” rating and issued a $340.00 target price on shares of Chubb in a research report on Monday, February 9th. Wells Fargo & Company boosted their target price on shares of Chubb from $305.00 to $322.00 and gave the company an “equal weight” rating in a report on Thursday, February 5th. Finally, Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Chubb in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $342.05.

Insiders Place Their Bets

In other news, EVP Timothy Alan Boroughs sold 27,817 shares of the stock in a transaction on Friday, February 6th. The shares were sold at an average price of $331.98, for a total value of $9,234,687.66. Following the completion of the sale, the executive vice president owned 11,810 shares of the company’s stock, valued at $3,920,683.80. This represents a 70.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Olivier Steimer sold 2,000 shares of the firm’s stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $329.30, for a total transaction of $658,600.00. Following the completion of the transaction, the director directly owned 25,468 shares in the company, valued at approximately $8,386,612.40. This represents a 7.28% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 44,877 shares of company stock worth $14,885,226 over the last ninety days. 0.77% of the stock is owned by company insiders.

Chubb Stock Performance

Chubb stock opened at $319.22 on Friday. The stock’s 50-day moving average is $323.43 and its 200-day moving average is $303.01. The company has a market cap of $124.57 billion, a price-to-earnings ratio of 12.41, a price-to-earnings-growth ratio of 1.70 and a beta of 0.46. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.27 and a quick ratio of 0.27. Chubb Limited has a 12 month low of $264.10 and a 12 month high of $345.67.

Chubb (NYSE:CB) last issued its earnings results on Tuesday, February 3rd. The financial services provider reported $7.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.33 by $1.19. The business had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $11.11 billion. Chubb had a return on equity of 13.15% and a net margin of 17.36%.The company’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $6.02 EPS. Equities analysts anticipate that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 6th. Shareholders of record on Friday, March 13th will be given a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Friday, March 13th. Chubb’s payout ratio is 15.08%.

About Chubb

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.