West Family Investments Inc. Increases Position in Chubb Limited $CB

West Family Investments Inc. raised its position in shares of Chubb Limited (NYSE:CB) by 16.9% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,546 shares of the financial services provider’s stock after purchasing an additional 512 shares during the period. West Family Investments Inc.’s holdings in Chubb were worth $1,027,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of CB. Vanguard Group Inc. raised its stake in shares of Chubb by 0.6% during the second quarter. Vanguard Group Inc. now owns 36,738,895 shares of the financial services provider’s stock worth $10,643,993,000 after acquiring an additional 210,053 shares in the last quarter. GQG Partners LLC lifted its stake in Chubb by 112.1% in the first quarter. GQG Partners LLC now owns 9,394,018 shares of the financial services provider’s stock worth $2,836,899,000 after purchasing an additional 4,964,298 shares during the last quarter. Geode Capital Management LLC boosted its position in Chubb by 0.3% during the second quarter. Geode Capital Management LLC now owns 8,810,780 shares of the financial services provider’s stock valued at $2,541,771,000 after buying an additional 30,721 shares during the period. Ameriprise Financial Inc. boosted its position in Chubb by 6.9% during the first quarter. Ameriprise Financial Inc. now owns 4,696,682 shares of the financial services provider’s stock valued at $1,418,398,000 after buying an additional 304,751 shares during the period. Finally, Norges Bank bought a new position in shares of Chubb during the second quarter valued at about $1,195,137,000. 83.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. JPMorgan Chase & Co. increased their target price on Chubb from $321.00 to $327.00 and gave the company a “neutral” rating in a report on Thursday, October 9th. Barclays increased their price objective on Chubb from $298.00 to $310.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 8th. BMO Capital Markets reiterated a “market perform” rating and set a $283.00 price target on shares of Chubb in a report on Thursday, October 23rd. JMP Securities reissued a “market outperform” rating and issued a $325.00 target price on shares of Chubb in a research note on Wednesday, October 22nd. Finally, HSBC increased their price objective on Chubb from $302.00 to $304.00 in a report on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Chubb has an average rating of “Hold” and an average target price of $308.11.

Insider Buying and Selling at Chubb

In other Chubb news, EVP Joseph F. Wayland sold 5,830 shares of the business’s stock in a transaction on Thursday, November 13th. The stock was sold at an average price of $297.08, for a total value of $1,731,976.40. Following the sale, the executive vice president directly owned 60,593 shares of the company’s stock, valued at approximately $18,000,968.44. The trade was a 8.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider John J. Lupica sold 23,698 shares of the stock in a transaction on Monday, October 27th. The stock was sold at an average price of $281.00, for a total value of $6,659,138.00. Following the completion of the sale, the insider directly owned 90,600 shares in the company, valued at approximately $25,458,600. This represents a 20.73% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 57,333 shares of company stock worth $16,629,873. 0.77% of the stock is owned by insiders.

Chubb Stock Performance

Shares of Chubb stock opened at $296.37 on Friday. The company has a current ratio of 0.27, a quick ratio of 0.28 and a debt-to-equity ratio of 0.20. The business has a fifty day simple moving average of $284.54 and a two-hundred day simple moving average of $281.60. The firm has a market capitalization of $116.63 billion, a P/E ratio of 12.37, a P/E/G ratio of 2.74 and a beta of 0.58. Chubb Limited has a 12 month low of $252.16 and a 12 month high of $306.91.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, October 21st. The financial services provider reported $7.49 EPS for the quarter, topping the consensus estimate of $5.51 by $1.98. Chubb had a net margin of 16.53% and a return on equity of 12.93%. The business had revenue of $16.15 billion for the quarter, compared to analyst estimates of $12.95 billion. During the same quarter in the previous year, the firm posted $5.72 earnings per share. Chubb’s quarterly revenue was up 7.5% on a year-over-year basis. On average, equities analysts forecast that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 2nd. Investors of record on Friday, December 12th will be given a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Friday, December 12th. Chubb’s dividend payout ratio (DPR) is 16.19%.

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.