Chubb Limited $CB Position Trimmed by Deroy & Devereaux Private Investment Counsel Inc.

Deroy & Devereaux Private Investment Counsel Inc. lessened its holdings in shares of Chubb Limited (NYSE:CB) by 1.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 121,153 shares of the financial services provider’s stock after selling 1,533 shares during the quarter. Chubb makes up 1.9% of Deroy & Devereaux Private Investment Counsel Inc.’s investment portfolio, making the stock its 14th largest holding. Deroy & Devereaux Private Investment Counsel Inc.’s holdings in Chubb were worth $35,100,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Modern Wealth Management LLC grew its stake in Chubb by 6.2% during the 1st quarter. Modern Wealth Management LLC now owns 2,464 shares of the financial services provider’s stock valued at $744,000 after acquiring an additional 143 shares in the last quarter. Trifecta Capital Advisors LLC grew its stake in Chubb by 764.7% during the 2nd quarter. Trifecta Capital Advisors LLC now owns 147 shares of the financial services provider’s stock valued at $43,000 after acquiring an additional 130 shares in the last quarter. Jump Financial LLC grew its stake in Chubb by 633.6% during the 1st quarter. Jump Financial LLC now owns 8,180 shares of the financial services provider’s stock valued at $2,470,000 after acquiring an additional 7,065 shares in the last quarter. Legato Capital Management LLC grew its stake in Chubb by 120.9% during the 1st quarter. Legato Capital Management LLC now owns 10,200 shares of the financial services provider’s stock valued at $3,080,000 after acquiring an additional 5,582 shares in the last quarter. Finally, Davis Rea LTD. purchased a new position in Chubb during the 1st quarter valued at about $5,117,000. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Insiders Place Their Bets

In other Chubb news, Director Michael Corbat purchased 425 shares of the business’s stock in a transaction dated Friday, July 25th. The stock was bought at an average cost of $269.80 per share, for a total transaction of $114,665.00. Following the completion of the acquisition, the director directly owned 2,450 shares in the company, valued at $661,010. This represents a 20.99% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.86% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on CB shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Chubb in a research note on Wednesday, October 8th. Jefferies Financial Group boosted their price target on Chubb from $295.00 to $297.00 and gave the company a “hold” rating in a research note on Tuesday, October 7th. Hsbc Global Res cut Chubb from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 1st. Barclays boosted their price target on Chubb from $298.00 to $310.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 8th. Finally, Morgan Stanley lowered their price target on Chubb from $300.00 to $295.00 and set an “equal weight” rating for the company in a research note on Monday, August 18th. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $305.28.

Chubb Stock Up 0.7%

CB opened at $284.60 on Wednesday. The business has a 50 day moving average price of $277.30 and a 200 day moving average price of $281.72. Chubb Limited has a twelve month low of $252.16 and a twelve month high of $306.91. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.28 and a current ratio of 0.28. The firm has a market cap of $113.47 billion, a P/E ratio of 12.55, a price-to-earnings-growth ratio of 3.15 and a beta of 0.54.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, July 22nd. The financial services provider reported $6.14 earnings per share for the quarter, topping the consensus estimate of $5.84 by $0.30. Chubb had a return on equity of 12.34% and a net margin of 16.08%.The firm had revenue of $14.20 billion during the quarter, compared to analyst estimates of $12.53 billion. During the same period in the previous year, the company earned $5.38 EPS. The company’s revenue for the quarter was up 6.3% on a year-over-year basis. Research analysts forecast that Chubb Limited will post 21.52 EPS for the current year.

Chubb Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 3rd. Investors of record on Friday, September 12th were issued a $0.97 dividend. This represents a $3.88 annualized dividend and a yield of 1.4%. The ex-dividend date was Friday, September 12th. Chubb’s payout ratio is 17.12%.

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.