Johnson Investment Counsel Inc. Increases Holdings in Chubb Limited $CB

Johnson Investment Counsel Inc. increased its stake in shares of Chubb Limited (NYSE:CB) by 12.5% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 15,742 shares of the financial services provider’s stock after buying an additional 1,743 shares during the quarter. Johnson Investment Counsel Inc.’s holdings in Chubb were worth $4,561,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in CB. E Fund Management Co. Ltd. lifted its holdings in shares of Chubb by 3.9% in the 1st quarter. E Fund Management Co. Ltd. now owns 964 shares of the financial services provider’s stock valued at $291,000 after purchasing an additional 36 shares during the last quarter. Rise Advisors LLC lifted its holdings in shares of Chubb by 4.6% in the 1st quarter. Rise Advisors LLC now owns 841 shares of the financial services provider’s stock valued at $254,000 after purchasing an additional 37 shares during the last quarter. Avantax Planning Partners Inc. lifted its holdings in shares of Chubb by 5.1% in the 1st quarter. Avantax Planning Partners Inc. now owns 783 shares of the financial services provider’s stock valued at $236,000 after purchasing an additional 38 shares during the last quarter. Sky Investment Group LLC lifted its holdings in shares of Chubb by 1.6% in the 2nd quarter. Sky Investment Group LLC now owns 2,397 shares of the financial services provider’s stock valued at $694,000 after purchasing an additional 38 shares during the last quarter. Finally, Lincoln Capital LLC lifted its holdings in shares of Chubb by 0.6% in the 1st quarter. Lincoln Capital LLC now owns 6,962 shares of the financial services provider’s stock valued at $2,022,000 after purchasing an additional 39 shares during the last quarter. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on CB. HSBC downgraded Chubb from a “buy” rating to a “hold” rating and reduced their target price for the company from $317.00 to $300.00 in a report on Friday, August 1st. The Goldman Sachs Group boosted their price target on Chubb from $299.00 to $303.00 and gave the company a “neutral” rating in a research report on Monday, October 6th. Hsbc Global Res cut Chubb from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 1st. Jefferies Financial Group boosted their price target on Chubb from $295.00 to $297.00 and gave the company a “hold” rating in a research report on Tuesday, October 7th. Finally, Cantor Fitzgerald upgraded Chubb to a “hold” rating in a research report on Wednesday, August 13th. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and twelve have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $306.82.

Chubb Stock Performance

NYSE CB opened at $283.08 on Monday. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.18. The business’s 50 day moving average is $276.67 and its two-hundred day moving average is $281.80. Chubb Limited has a 12-month low of $252.16 and a 12-month high of $306.91. The stock has a market capitalization of $112.86 billion, a price-to-earnings ratio of 12.49, a PEG ratio of 3.18 and a beta of 0.54.

Chubb (NYSE:CB) last released its earnings results on Tuesday, July 22nd. The financial services provider reported $6.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.84 by $0.30. Chubb had a return on equity of 12.34% and a net margin of 16.08%.The company had revenue of $14.20 billion for the quarter, compared to analysts’ expectations of $12.53 billion. During the same quarter in the previous year, the firm posted $5.38 EPS. The firm’s quarterly revenue was up 6.3% on a year-over-year basis. Research analysts expect that Chubb Limited will post 21.52 EPS for the current year.

Chubb Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 3rd. Shareholders of record on Friday, September 12th were given a dividend of $0.97 per share. The ex-dividend date was Friday, September 12th. This represents a $3.88 annualized dividend and a yield of 1.4%. Chubb’s payout ratio is presently 17.12%.

Insider Buying and Selling at Chubb

In other news, Director Michael Corbat purchased 425 shares of the stock in a transaction that occurred on Friday, July 25th. The shares were acquired at an average price of $269.80 per share, for a total transaction of $114,665.00. Following the acquisition, the director directly owned 2,450 shares in the company, valued at approximately $661,010. The trade was a 20.99% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.86% of the stock is currently owned by corporate insiders.

About Chubb

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.