Savant Capital LLC Grows Stock Position in Chubb Limited $CB

Savant Capital LLC grew its position in shares of Chubb Limited (NYSE:CB) by 6.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,411 shares of the financial services provider’s stock after buying an additional 1,073 shares during the period. Savant Capital LLC’s holdings in Chubb were worth $5,044,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. IMA Advisory Services Inc. purchased a new stake in Chubb during the first quarter valued at about $31,000. 1248 Management LLC bought a new stake in shares of Chubb in the first quarter valued at approximately $31,000. WPG Advisers LLC purchased a new stake in shares of Chubb during the 1st quarter valued at approximately $33,000. Clal Insurance Enterprises Holdings Ltd boosted its holdings in Chubb by 391.7% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 118 shares of the financial services provider’s stock worth $36,000 after buying an additional 94 shares during the period. Finally, Maseco LLP purchased a new position in Chubb in the 2nd quarter valued at approximately $35,000. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Insider Activity

In related news, insider John J. Lupica sold 23,698 shares of the company’s stock in a transaction on Monday, October 27th. The shares were sold at an average price of $281.00, for a total value of $6,659,138.00. Following the completion of the transaction, the insider directly owned 90,600 shares in the company, valued at approximately $25,458,600. The trade was a 20.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.77% of the company’s stock.

Chubb Stock Performance

Shares of CB opened at $287.45 on Friday. Chubb Limited has a 12-month low of $252.16 and a 12-month high of $306.91. The company has a current ratio of 0.27, a quick ratio of 0.28 and a debt-to-equity ratio of 0.20. The company has a market cap of $113.13 billion, a PE ratio of 12.00, a price-to-earnings-growth ratio of 2.74 and a beta of 0.58. The stock has a 50-day moving average price of $278.79 and a 200-day moving average price of $280.57.

Chubb (NYSE:CB) last announced its earnings results on Tuesday, October 21st. The financial services provider reported $7.49 earnings per share for the quarter, beating analysts’ consensus estimates of $5.51 by $1.98. Chubb had a net margin of 16.53% and a return on equity of 12.93%. The business had revenue of $14.87 billion for the quarter, compared to the consensus estimate of $12.95 billion. During the same period last year, the firm posted $5.72 earnings per share. Chubb’s quarterly revenue was up 7.5% on a year-over-year basis. As a group, equities analysts forecast that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 3rd. Stockholders of record on Friday, September 12th were given a dividend of $0.97 per share. The ex-dividend date was Friday, September 12th. This represents a $3.88 annualized dividend and a dividend yield of 1.3%. Chubb’s dividend payout ratio (DPR) is 16.19%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Weiss Ratings restated a “buy (b)” rating on shares of Chubb in a research report on Wednesday, October 8th. Bank of America increased their price objective on Chubb from $276.00 to $279.00 and gave the stock an “underperform” rating in a report on Monday, October 13th. Morgan Stanley reduced their target price on Chubb from $300.00 to $295.00 and set an “equal weight” rating for the company in a report on Monday, August 18th. Wolfe Research upped their price target on Chubb from $320.00 to $336.00 and gave the company an “outperform” rating in a research report on Thursday, October 23rd. Finally, Cantor Fitzgerald reissued a “neutral” rating and issued a $300.00 price target on shares of Chubb in a report on Monday, October 27th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $307.79.

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.