Bryn Mawr Trust Advisors LLC Takes $1.10 Million Position in Chubb Limited $CB

Bryn Mawr Trust Advisors LLC purchased a new stake in Chubb Limited (NYSE:CB) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,243 shares of the financial services provider’s stock, valued at approximately $1,105,000.

Other hedge funds have also bought and sold shares of the company. Janney Montgomery Scott LLC lifted its position in Chubb by 1.7% during the first quarter. Janney Montgomery Scott LLC now owns 315,893 shares of the financial services provider’s stock worth $102,959,000 after purchasing an additional 5,225 shares during the period. waypoint wealth counsel grew its stake in Chubb by 76.4% during the fourth quarter. waypoint wealth counsel now owns 4,118 shares of the financial services provider’s stock worth $1,285,000 after buying an additional 1,784 shares in the last quarter. National Pension Service increased its holdings in Chubb by 24.4% in the 4th quarter. National Pension Service now owns 1,148,474 shares of the financial services provider’s stock valued at $358,462,000 after buying an additional 225,515 shares during the period. Harbour Investments Inc. increased its holdings in Chubb by 884.1% in the 4th quarter. Harbour Investments Inc. now owns 9,959 shares of the financial services provider’s stock valued at $3,108,000 after buying an additional 8,947 shares during the period. Finally, Bessemer Group Inc. raised its position in shares of Chubb by 16.8% in the 1st quarter. Bessemer Group Inc. now owns 16,639 shares of the financial services provider’s stock valued at $5,424,000 after buying an additional 2,389 shares in the last quarter. 83.81% of the stock is owned by institutional investors.

Chubb Price Performance

Shares of NYSE:CB opened at $343.80 on Friday. The firm has a market cap of $132.64 billion, a PE ratio of 12.16, a price-to-earnings-growth ratio of 1.70 and a beta of 0.39. The firm’s fifty day moving average is $344.31 and its 200-day moving average is $331.99. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.29 and a current ratio of 0.29. Chubb Limited has a 52 week low of $265.30 and a 52 week high of $365.91.

Chubb (NYSE:CB) last issued its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $7.26 earnings per share for the quarter, topping the consensus estimate of $6.77 by $0.49. The company had revenue of $11.97 billion for the quarter, compared to analysts’ expectations of $15.07 billion. Chubb had a net margin of 18.10% and a return on equity of 14.47%. Chubb’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $6.14 earnings per share. Sell-side analysts predict that Chubb Limited will post 27.45 earnings per share for the current year.

Chubb Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, September 11th will be given a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Friday, September 11th. Chubb’s payout ratio is 14.43%.

Insider Activity

In other news, COO John W. Keogh sold 23,000 shares of the stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $321.51, for a total value of $7,394,730.00. Following the completion of the sale, the chief operating officer owned 203,322 shares of the company’s stock, valued at approximately $65,370,056.22. This represents a 10.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Joseph F. Wayland sold 8,502 shares of the firm’s stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $364.54, for a total value of $3,099,319.08. Following the transaction, the executive vice president owned 33,749 shares of the company’s stock, valued at $12,302,860.46. This trade represents a 20.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.37% of the company’s stock.

Analyst Upgrades and Downgrades

CB has been the subject of a number of recent analyst reports. Jefferies Financial Group cut their price target on shares of Chubb from $356.00 to $352.00 and set a “hold” rating for the company in a report on Thursday, April 23rd. The Goldman Sachs Group lifted their price objective on shares of Chubb from $362.00 to $386.00 and gave the company a “buy” rating in a research note on Wednesday, July 1st. Citigroup restated a “market outperform” rating on shares of Chubb in a research report on Wednesday, July 22nd. JPMorgan Chase & Co. upped their target price on Chubb from $340.00 to $370.00 and gave the stock a “neutral” rating in a research note on Monday, July 20th. Finally, Mizuho raised their target price on Chubb from $335.00 to $352.00 and gave the company a “neutral” rating in a report on Thursday, July 9th. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Chubb currently has a consensus rating of “Hold” and an average target price of $360.09.

About Chubb

Chubb is a global property and casualty insurance company that underwrites a broad range of commercial and personal insurance products and related services. Its offerings include commercial property and casualty coverage, specialty liability, professional and management liability, cyber and technology insurance, marine and energy, surety, accident and health solutions, and high-net-worth personal lines such as homeowners, auto and valuables protection. Chubb serves businesses, individuals and institutions with tailored underwriting and risk-transfer solutions across multiple industry sectors.

In addition to core underwriting, Chubb provides risk engineering, loss control, claims management and risk consulting services intended to reduce loss severity and help clients manage exposures.