KCM Investment Advisors LLC Grows Holdings in Chubb Limited $CB

KCM Investment Advisors LLC grew its stake in shares of Chubb Limited (NYSE:CB) by 3.0% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 16,859 shares of the financial services provider’s stock after buying an additional 486 shares during the quarter. KCM Investment Advisors LLC’s holdings in Chubb were worth $4,884,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Brighton Jones LLC raised its position in Chubb by 12.8% in the 4th quarter. Brighton Jones LLC now owns 1,945 shares of the financial services provider’s stock worth $537,000 after purchasing an additional 221 shares during the period. Revolve Wealth Partners LLC bought a new position in shares of Chubb during the fourth quarter valued at about $205,000. Alps Advisors Inc. increased its holdings in shares of Chubb by 1.1% in the first quarter. Alps Advisors Inc. now owns 20,042 shares of the financial services provider’s stock worth $6,052,000 after buying an additional 220 shares during the period. Financial Gravity Asset Management Inc. purchased a new position in shares of Chubb in the first quarter worth about $47,000. Finally, Cerity Partners LLC lifted its stake in shares of Chubb by 10.0% in the 1st quarter. Cerity Partners LLC now owns 285,888 shares of the financial services provider’s stock valued at $86,337,000 after acquiring an additional 25,936 shares during the last quarter. 83.81% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. The Goldman Sachs Group restated a “neutral” rating and set a $309.00 price target on shares of Chubb in a research report on Monday, October 27th. Wolfe Research increased their price objective on Chubb from $320.00 to $336.00 and gave the company an “outperform” rating in a research note on Thursday, October 23rd. BMO Capital Markets restated a “market perform” rating and issued a $283.00 target price on shares of Chubb in a report on Thursday, October 23rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Chubb in a research note on Wednesday, October 8th. Finally, Jefferies Financial Group upped their price target on shares of Chubb from $297.00 to $302.00 and gave the company a “hold” rating in a report on Thursday, October 23rd. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $307.79.

Chubb Stock Up 1.6%

Shares of NYSE:CB opened at $287.45 on Friday. The firm has a market capitalization of $113.13 billion, a P/E ratio of 12.00, a P/E/G ratio of 2.74 and a beta of 0.58. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.28 and a current ratio of 0.27. The stock has a 50 day moving average price of $278.79 and a 200-day moving average price of $280.64. Chubb Limited has a 52-week low of $252.16 and a 52-week high of $306.91.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, October 21st. The financial services provider reported $7.49 earnings per share for the quarter, topping the consensus estimate of $5.51 by $1.98. The company had revenue of $14.87 billion for the quarter, compared to analysts’ expectations of $12.95 billion. Chubb had a return on equity of 12.93% and a net margin of 16.53%.The firm’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same period in the prior year, the firm earned $5.72 earnings per share. As a group, equities research analysts anticipate that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 3rd. Stockholders of record on Friday, September 12th were given a $0.97 dividend. The ex-dividend date of this dividend was Friday, September 12th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.3%. Chubb’s dividend payout ratio is currently 16.19%.

Insider Activity

In related news, insider John J. Lupica sold 23,698 shares of Chubb stock in a transaction dated Monday, October 27th. The shares were sold at an average price of $281.00, for a total transaction of $6,659,138.00. Following the completion of the transaction, the insider directly owned 90,600 shares of the company’s stock, valued at $25,458,600. This trade represents a 20.73% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.77% of the stock is currently owned by insiders.

Chubb 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.