Chubb Limited $CB Shares Acquired by Waverly Advisors LLC

Waverly Advisors LLC grew its position in Chubb Limited (NYSE:CB) by 8.2% during the first quarter, Holdings Channel.com reports. The firm owned 25,203 shares of the financial services provider’s stock after acquiring an additional 1,916 shares during the period. Waverly Advisors LLC’s holdings in Chubb were worth $8,214,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Brighton Jones LLC increased its holdings in Chubb by 12.8% in the fourth 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 last quarter. Revolve Wealth Partners LLC purchased a new stake in Chubb during the 4th quarter worth about $205,000. Woodline Partners LP lifted its holdings in Chubb by 13.0% during the 1st quarter. Woodline Partners LP now owns 12,599 shares of the financial services provider’s stock worth $3,805,000 after buying an additional 1,449 shares during the last quarter. Sivia Capital Partners LLC boosted its position in shares of Chubb by 14.4% during the 2nd 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 in the last quarter. Finally, Sei Investments Co. boosted its position in shares of Chubb by 9.3% during the 2nd quarter. Sei Investments Co. now owns 201,226 shares of the financial services provider’s stock worth $58,305,000 after acquiring an additional 17,155 shares in the last quarter. 83.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Mizuho raised their target price on Chubb from $335.00 to $352.00 and gave the stock a “neutral” rating in a research report on Thursday, July 9th. Cantor Fitzgerald upped their price target on Chubb from $318.00 to $337.00 and gave the company a “neutral” rating in a report on Thursday, July 9th. Evercore reiterated an “outperform” rating and issued a $374.00 price target on shares of Chubb in a research note on Friday, July 10th. HSBC cut shares of Chubb from a “buy” rating to a “hold” rating and raised their price objective for the stock from $370.00 to $373.00 in a report on Monday, July 6th. Finally, Wells Fargo & Company reduced their price objective on shares of Chubb from $358.00 to $356.00 and set an “equal weight” rating for the company in a research report on Thursday. Two equities 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 given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $360.09.

Chubb Trading Down 0.2%

NYSE:CB opened at $359.00 on Tuesday. The company has a market capitalization of $139.24 billion, a PE ratio of 12.70, a P/E/G ratio of 1.80 and a beta of 0.40. Chubb Limited has a 52-week low of $264.10 and a 52-week high of $365.29. The stock’s 50 day moving average price is $336.13 and its 200 day moving average price is $327.52. The company has a quick ratio of 0.28, a current ratio of 0.36 and a debt-to-equity ratio of 0.20.

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, beating analysts’ consensus estimates of $6.77 by $0.49. The company had revenue of $16.01 billion during the quarter, compared to analysts’ expectations of $15.07 billion. Chubb had a return on equity of 14.47% and a net margin of 18.10%.The firm’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $6.14 earnings per share. On average, research analysts anticipate that Chubb Limited will post 27.15 EPS for the current year.

Chubb Increases Dividend

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

Insiders Place Their Bets

In other Chubb news, COO John W. Keogh sold 23,000 shares of the firm’s stock in a transaction on 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 transaction, the chief operating officer directly owned 203,322 shares of the company’s stock, valued at approximately $65,370,056.22. This trade represents a 10.16% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.37% of the stock is currently owned by corporate insiders.

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.