Burney Co. Lowers Position in Chubb Limited $CB

Burney Co. trimmed its holdings in shares of Chubb Limited (NYSE:CB) by 31.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,072 shares of the financial services provider’s stock after selling 2,314 shares during the period. Burney Co.’s holdings in Chubb were worth $1,653,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in CB. Unison Advisors LLC increased its holdings in Chubb by 0.3% during the first quarter. Unison Advisors LLC now owns 13,722 shares of the financial services provider’s stock valued at $4,486,000 after buying an additional 43 shares during the period. Westbourne Investment Advisors Inc. lifted its holdings in Chubb by 0.6% during the first quarter. Westbourne Investment Advisors Inc. now owns 22,305 shares of the financial services provider’s stock worth $7,270,000 after buying an additional 128 shares during the period. Baxter Bros Inc. boosted its position in Chubb by 6.7% during the 1st quarter. Baxter Bros Inc. now owns 17,878 shares of the financial services provider’s stock valued at $5,827,000 after acquiring an additional 1,121 shares in the last quarter. Collaborative Fund Advisors LLC bought a new stake in Chubb during the 1st quarter valued at $566,000. Finally, Kathmere Capital Management LLC increased its holdings in shares of Chubb by 6.8% in the 1st quarter. Kathmere Capital Management LLC now owns 1,385 shares of the financial services provider’s stock valued at $451,000 after acquiring an additional 88 shares during the period. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Insider Activity at Chubb

In other Chubb news, COO John W. Keogh sold 23,000 shares of the stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $321.51, for a total transaction of $7,394,730.00. Following the completion of the transaction, the chief operating officer owned 203,322 shares of the company’s stock, valued at $65,370,056.22. This represents a 10.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.37% of the stock is owned by insiders.

Chubb Price Performance

NYSE:CB opened at $355.12 on Thursday. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.20. Chubb Limited has a 52 week low of $264.10 and a 52 week high of $365.29. The stock’s 50-day moving average price is $329.14 and its 200-day moving average price is $324.08. The stock has a market capitalization of $137.74 billion, a PE ratio of 12.54, a price-to-earnings-growth ratio of 1.84 and a beta of 0.40.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, March 31st. The financial services provider reported $6.82 earnings per share (EPS) for the quarter. Chubb had a net margin of 18.58% and a return on equity of 14.30%. The business had revenue of $14.93 billion for the quarter. As a group, equities analysts expect that Chubb Limited will post 26.77 EPS for the current fiscal year.

Chubb Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Friday, June 12th were paid a dividend of $1.02 per share. This is an increase from Chubb’s previous quarterly dividend of $0.97. The ex-dividend date was Friday, June 12th. This represents a $4.08 annualized dividend and a yield of 1.1%. Chubb’s dividend payout ratio (DPR) is presently 14.41%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on CB. The Goldman Sachs Group upped their price objective on Chubb from $362.00 to $386.00 and gave the stock a “buy” rating in a research note on Wednesday, July 1st. BMO Capital Markets upped their target price on Chubb from $326.00 to $339.00 and gave the company a “market perform” rating in a research report on Friday, April 24th. Barclays set a $387.00 price target on shares of Chubb in a report on Tuesday. Weiss Ratings raised shares of Chubb from a “buy (b+)” rating to a “buy (a-)” rating in a report on Monday, June 29th. Finally, Jefferies Financial Group reduced their target price on shares of Chubb from $356.00 to $352.00 and set a “hold” rating for the company in a report on Thursday, April 23rd. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $352.90.

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.