Chubb Limited $CB Shares Sold by London Co. of Virginia

London Co. of Virginia lessened its holdings in Chubb Limited (NYSE:CB) by 5.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 762,617 shares of the financial services provider’s stock after selling 40,220 shares during the period. Chubb comprises about 1.5% of London Co. of Virginia’s portfolio, making the stock its 23rd largest holding. London Co. of Virginia’s holdings in Chubb were worth $248,570,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of CB. CBIZ Investment Advisory Services LLC increased its position in shares of Chubb by 148.5% in the fourth quarter. CBIZ Investment Advisory Services LLC now owns 82 shares of the financial services provider’s stock valued at $26,000 after buying an additional 49 shares in the last quarter. Frazier Financial Advisors LLC lifted its position in shares of Chubb by 86.4% during the 1st quarter. Frazier Financial Advisors LLC now owns 82 shares of the financial services provider’s stock valued at $27,000 after buying an additional 38 shares in the last quarter. Merkkuri Wealth Advisors LLC purchased a new position in shares of Chubb during the 1st quarter valued at approximately $29,000. Laurel Wealth Advisors LLC acquired a new stake in Chubb in the 4th quarter valued at $31,000. Finally, Ares Financial Consulting LLC acquired a new stake in Chubb in the 4th quarter valued at $32,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Wall Street Analyst Weigh In

CB has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $354.00 price objective on shares of Chubb in a research report on Wednesday. Atlantic Securities set a $301.00 target price on shares of Chubb in a research report on Wednesday, July 15th. Bank of America cut their target price on shares of Chubb from $286.00 to $271.00 and set an “underperform” rating for the company in a research note on Tuesday, April 14th. Wolfe Research upped their price target on shares of Chubb from $372.00 to $373.00 and gave the stock an “outperform” rating in a research report on Monday, April 6th. Finally, Weiss Ratings raised shares of Chubb from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Monday, June 29th. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Chubb has a consensus rating of “Hold” and a consensus target price of $360.09.

Chubb Stock Performance

NYSE CB opened at $359.78 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.28 and a current ratio of 0.36. The stock’s fifty day moving average is $335.55 and its two-hundred day moving average is $327.09. The firm has a market capitalization of $139.55 billion, a P/E ratio of 12.73, a price-to-earnings-growth ratio of 1.80 and a beta of 0.40. Chubb Limited has a fifty-two week low of $264.10 and a fifty-two week high of $365.29.

Chubb (NYSE:CB) last issued its earnings results on Tuesday, July 21st. The financial services provider reported $7.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.77 by $0.49. Chubb had a return on equity of 14.47% and a net margin of 18.10%.The business had revenue of $16.01 billion during the quarter, compared to the consensus estimate of $15.07 billion. During the same period last year, the company earned $6.14 EPS. The company’s revenue for the quarter was up 3.6% on a year-over-year basis. On average, research analysts anticipate that Chubb Limited will post 27.15 earnings per share for the current year.

Chubb Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Investors of record on Friday, June 12th were issued a $1.02 dividend. This is an increase from Chubb’s previous quarterly dividend of $0.97. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, June 12th. Chubb’s payout ratio is currently 14.43%.

Insider Transactions at Chubb

In related news, COO John W. Keogh sold 23,000 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $321.51, for a total transaction of $7,394,730.00. Following the completion of the sale, the chief operating officer directly owned 203,322 shares in the company, valued at approximately $65,370,056.22. This trade represents a 10.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.37% of the company’s stock.

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.