Rockland Trust Co. Increases Stock Position in Chubb Limited $CB

Rockland Trust Co. lifted its stake in Chubb Limited (NYSE:CB) by 2.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 128,328 shares of the financial services provider’s stock after acquiring an additional 3,085 shares during the quarter. Chubb accounts for about 1.6% of Rockland Trust Co.’s investment portfolio, making the stock its 16th largest holding. Rockland Trust Co.’s holdings in Chubb were worth $40,054,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CB. Brighton Jones LLC lifted its holdings in shares of Chubb by 12.8% during the 4th quarter. Brighton Jones LLC now owns 1,945 shares of the financial services provider’s stock valued at $537,000 after buying an additional 221 shares during the period. Revolve Wealth Partners LLC purchased a new position in shares of Chubb in the 4th quarter worth $205,000. Woodline Partners LP grew its holdings in shares of Chubb by 13.0% in the first quarter. Woodline Partners LP now owns 12,599 shares of the financial services provider’s stock worth $3,805,000 after acquiring an additional 1,449 shares during the period. Sivia Capital Partners LLC grew its holdings in shares of Chubb by 14.4% in the second quarter. Sivia Capital Partners LLC now owns 1,392 shares of the financial services provider’s stock worth $403,000 after acquiring an additional 175 shares during the period. Finally, CreativeOne Wealth LLC increased its position in Chubb by 6.9% during the second quarter. CreativeOne Wealth LLC now owns 867 shares of the financial services provider’s stock valued at $251,000 after acquiring an additional 56 shares during the last quarter. Institutional investors own 83.81% of the company’s stock.

Chubb Price Performance

Shares of Chubb stock opened at $325.77 on Wednesday. The stock has a market cap of $127.13 billion, a P/E ratio of 12.66, a P/E/G ratio of 1.72 and a beta of 0.46. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.27 and a current ratio of 0.27. The stock’s fifty day moving average is $324.42 and its 200 day moving average is $303.82. Chubb Limited has a one year low of $264.10 and a one year high of $345.67.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, February 3rd. The financial services provider reported $7.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.33 by $1.19. Chubb had a return on equity of 13.15% and a net margin of 17.36%.The business had revenue of $2.08 billion during the quarter, compared to analyst estimates of $11.11 billion. During the same quarter in the previous year, the company posted $6.02 earnings per share. Chubb’s revenue for the quarter was up 8.9% on a year-over-year basis. Sell-side analysts anticipate that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 6th. Investors of record on Friday, March 13th will be paid a dividend of $0.97 per share. The ex-dividend date is Friday, March 13th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.2%. Chubb’s payout ratio is 15.08%.

Insider Buying and Selling

In other Chubb news, CEO Evan G. Greenberg sold 15,060 shares of the firm’s stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $331.47, for a total transaction of $4,991,938.20. Following the sale, the chief executive officer owned 511,576 shares in the company, valued at approximately $169,572,096.72. This trade represents a 2.86% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Olivier Steimer sold 2,000 shares of Chubb stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of $329.30, for a total transaction of $658,600.00. Following the transaction, the director directly owned 25,468 shares in the company, valued at $8,386,612.40. This represents a 7.28% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 44,877 shares of company stock valued at $14,885,226. 0.86% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have weighed in on CB shares. Bank of America lowered their target price on Chubb from $279.00 to $259.00 and set an “underperform” rating on the stock in a report on Friday, January 16th. Weiss Ratings restated a “buy (b+)” rating on shares of Chubb in a research note on Friday. Wells Fargo & Company upped their price target on shares of Chubb from $305.00 to $322.00 and gave the company an “equal weight” rating in a research report on Thursday, February 5th. JPMorgan Chase & Co. increased their price objective on shares of Chubb from $327.00 to $330.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 4th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Chubb from $355.00 to $373.00 and gave the stock an “outperform” rating in a report on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $342.05.

Chubb Profile

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.