S&CO Inc. Decreases Stock Holdings in Chubb Limited $CB

S&CO Inc. lowered its stake in shares of Chubb Limited (NYSE:CB) by 1.0% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 19,609 shares of the financial services provider’s stock after selling 200 shares during the period. S&CO Inc.’s holdings in Chubb were worth $5,681,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Vise Technologies Inc. bought a new position in Chubb during the second quarter valued at approximately $3,568,000. Allworth Financial LP grew its position in Chubb by 4.7% in the 2nd quarter. Allworth Financial LP now owns 67,569 shares of the financial services provider’s stock worth $19,576,000 after purchasing an additional 3,047 shares during the period. Americana Partners LLC raised its stake in Chubb by 55.5% during the 2nd quarter. Americana Partners LLC now owns 2,286 shares of the financial services provider’s stock valued at $662,000 after buying an additional 816 shares during the last quarter. Illinois Municipal Retirement Fund lifted its holdings in shares of Chubb by 32.5% during the 2nd quarter. Illinois Municipal Retirement Fund now owns 44,614 shares of the financial services provider’s stock valued at $12,926,000 after buying an additional 10,950 shares during the period. Finally, Altman Advisors Inc. boosted its stake in shares of Chubb by 0.7% in the 2nd quarter. Altman Advisors Inc. now owns 7,548 shares of the financial services provider’s stock worth $2,186,000 after buying an additional 50 shares during the last quarter. 83.81% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on CB. Cantor Fitzgerald reissued a “neutral” rating and issued a $300.00 target price on shares of Chubb in a report on Monday, October 27th. Evercore ISI increased their price objective on shares of Chubb from $312.00 to $315.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 1st. Bank of America raised their price objective on shares of Chubb from $276.00 to $279.00 and gave the stock an “underperform” rating in a report on Monday, October 13th. JMP Securities reaffirmed a “market outperform” rating and set a $325.00 target price on shares of Chubb in a report on Wednesday, October 22nd. Finally, Hsbc Global Res cut shares of Chubb from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 1st. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Chubb currently has an average rating of “Hold” and an average price target of $307.79.

Chubb Trading Up 1.6%

Chubb stock opened at $287.45 on Monday. Chubb Limited has a 12-month low of $252.16 and a 12-month high of $306.91. The firm has a market capitalization of $113.13 billion, a price-to-earnings ratio of 12.00, a P/E/G ratio of 2.74 and a beta of 0.58. The firm has a 50 day moving average of $278.79 and a 200 day moving average of $280.54. The company has a current ratio of 0.27, a quick ratio of 0.28 and a debt-to-equity ratio of 0.20.

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

Chubb Announces Dividend

The company 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. The ex-dividend date of this dividend was Friday, September 12th. This represents a $3.88 annualized dividend and a yield of 1.3%. Chubb’s dividend payout ratio is currently 16.19%.

Insider Transactions at Chubb

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

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.