Chesley Taft & Associates LLC increased its position in shares of Chubb Limited (NYSE:CB - Free Report) by 11.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 98,585 shares of the financial services provider's stock after buying an additional 9,875 shares during the period. Chubb comprises approximately 1.4% of Chesley Taft & Associates LLC's holdings, making the stock its 20th largest holding. Chesley Taft & Associates LLC's holdings in Chubb were worth $28,431,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Ossiam boosted its position in Chubb by 4.1% during the 4th quarter. Ossiam now owns 13,469 shares of the financial services provider's stock valued at $3,044,000 after acquiring an additional 533 shares in the last quarter. Elo Mutual Pension Insurance Co boosted its stake in Chubb by 3.5% in the fourth quarter. Elo Mutual Pension Insurance Co now owns 35,860 shares of the financial services provider's stock valued at $8,104,000 after acquiring an additional 1,197 shares in the last quarter. Cresset Asset Management LLC increased its position in shares of Chubb by 13.8% during the fourth quarter. Cresset Asset Management LLC now owns 66,723 shares of the financial services provider's stock worth $15,131,000 after purchasing an additional 8,083 shares in the last quarter. Keyes Stange & Wooten Wealth Management LLC purchased a new position in Chubb during the 4th quarter worth $862,000. Finally, Bennett Associates Wealth Management acquired a new position in Chubb during the 4th quarter valued at about $348,000. 83.81% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
CB has been the subject of a number of research analyst reports. Morgan Stanley decreased their price target on shares of Chubb from $260.00 to $259.00 and set an "equal weight" rating for the company in a report on Wednesday, July 10th. Barclays started coverage on Chubb in a report on Wednesday, September 4th. They issued an "overweight" rating and a $349.00 price objective on the stock. Roth Mkm lifted their target price on Chubb from $280.00 to $300.00 and gave the stock a "buy" rating in a report on Wednesday, July 24th. Keefe, Bruyette & Woods increased their price target on shares of Chubb from $304.00 to $305.00 and gave the stock an "outperform" rating in a report on Monday, July 29th. Finally, Bank of America cut shares of Chubb from a "neutral" rating to an "underperform" rating and lifted their price objective for the company from $264.00 to $275.00 in a research note on Friday. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $280.22.
Read Our Latest Stock Analysis on Chubb
Insider Buying and Selling at Chubb
In related news, CEO Evan G. Greenberg sold 30,318 shares of the company's stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $289.60, for a total transaction of $8,780,092.80. Following the sale, the chief executive officer now directly owns 553,664 shares of the company's stock, valued at $160,341,094.40. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Chubb news, CEO Evan G. Greenberg sold 30,318 shares of the company's stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $289.60, for a total transaction of $8,780,092.80. Following the sale, the chief executive officer now owns 553,664 shares in the company, valued at $160,341,094.40. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Evan G. Greenberg sold 30,537 shares of Chubb stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $287.25, for a total value of $8,771,753.25. Following the completion of the transaction, the chief executive officer now owns 583,982 shares of the company's stock, valued at $167,748,829.50. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 86,636 shares of company stock valued at $24,874,208 in the last three months. 0.86% of the stock is owned by corporate insiders.
Chubb Price Performance
CB stock traded up $2.78 during mid-day trading on Tuesday, reaching $279.96. The company's stock had a trading volume of 1,356,015 shares, compared to its average volume of 1,634,469. The company's 50 day moving average is $281.35 and its two-hundred day moving average is $266.01. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.20. The stock has a market cap of $113.68 billion, a PE ratio of 12.43, a P/E/G ratio of 5.74 and a beta of 0.66. Chubb Limited has a fifty-two week low of $205.64 and a fifty-two week high of $294.18.
Chubb (NYSE:CB - Get Free Report) last posted its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $5.38 earnings per share for the quarter, topping analysts' consensus estimates of $5.04 by $0.34. Chubb had a net margin of 18.14% and a return on equity of 15.77%. The firm had revenue of $13.36 billion during the quarter, compared to analysts' expectations of $13.04 billion. During the same quarter last year, the company posted $4.92 EPS. The firm's quarterly revenue was up 11.8% on a year-over-year basis. Equities research analysts expect that Chubb Limited will post 21.21 EPS for the current year.
Chubb Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Friday, September 13th were issued a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date of this dividend was Friday, September 13th. Chubb's dividend payout ratio (DPR) is 16.16%.
About Chubb
(
Free Report)
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.
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