Revisor Wealth Management LLC Decreases Stake in Chubb Limited (NYSE:CB)

Revisor Wealth Management LLC cut its holdings in shares of Chubb Limited (NYSE:CB) by 31.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 977 shares of the financial services provider’s stock after selling 443 shares during the period. Revisor Wealth Management LLC’s holdings in Chubb were worth $269,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Sierra Ocean LLC acquired a new stake in Chubb during the 4th quarter valued at approximately $29,000. Crowley Wealth Management Inc. acquired a new stake in Chubb in the fourth quarter valued at $29,000. Kayne Anderson Rudnick Investment Management LLC raised its holdings in Chubb by 254.3% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 124 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 89 shares in the last quarter. Human Investing LLC bought a new position in Chubb during the 4th quarter valued at $36,000. Finally, Mainstream Capital Management LLC acquired a new position in Chubb during the 4th quarter worth $37,000. 83.81% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Chubb

In related news, EVP Joseph F. Wayland sold 10,000 shares of the stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $286.96, for a total value of $2,869,600.00. Following the completion of the transaction, the executive vice president now owns 77,703 shares in the company, valued at $22,297,652.88. This represents a 11.40% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO George F. Ohsiek sold 763 shares of the business’s stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $290.41, for a total transaction of $221,582.83. Following the sale, the chief accounting officer now owns 20,044 shares in the company, valued at $5,820,978.04. This trade represents a 3.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 148,553 shares of company stock valued at $43,257,220 in the last quarter. Corporate insiders own 0.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. upped their target price on shares of Chubb from $300.00 to $307.00 and gave the company a “neutral” rating in a research note on Tuesday, April 8th. Raymond James reissued a “strong-buy” rating on shares of Chubb in a report on Thursday, April 24th. Wells Fargo & Company increased their target price on Chubb from $268.00 to $278.00 and gave the stock an “equal weight” rating in a report on Thursday, April 24th. Keefe, Bruyette & Woods decreased their target price on Chubb from $316.00 to $314.00 and set an “outperform” rating for the company in a research report on Thursday, April 24th. Finally, Hsbc Global Res raised Chubb from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 5th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $307.53.

Chubb Stock Performance

Shares of CB opened at $286.31 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.25. Chubb Limited has a 1 year low of $251.42 and a 1 year high of $306.91. The firm has a fifty day moving average of $288.21 and a 200-day moving average of $281.06. The company has a market cap of $114.73 billion, a price-to-earnings ratio of 12.60, a price-to-earnings-growth ratio of 3.36 and a beta of 0.57.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, April 22nd. The financial services provider reported $3.68 EPS for the quarter, topping the consensus estimate of $3.28 by $0.40. The firm had revenue of $12.65 billion during the quarter, compared to analysts’ expectations of $11.22 billion. Chubb had a net margin of 16.63% and a return on equity of 13.75%. As a group, equities analysts anticipate that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb declared that its Board of Directors has initiated a share repurchase plan on Thursday, May 15th that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the financial services provider to purchase up to 4.3% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board believes its stock is undervalued.

Chubb Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Friday, June 13th will be given a $0.97 dividend. This is a boost from Chubb’s previous quarterly dividend of $0.91. This represents a $3.88 annualized dividend and a yield of 1.36%. The ex-dividend date is Friday, June 13th. Chubb’s dividend payout ratio (DPR) is currently 18.67%.

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.