Chubb Limited $CB Holdings Increased by Manchester Capital Management LLC

Manchester Capital Management LLC grew its stake in shares of Chubb Limited (NYSE:CB) by 15.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,019 shares of the financial services provider’s stock after buying an additional 265 shares during the quarter. Manchester Capital Management LLC’s holdings in Chubb were worth $585,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in CB. SlateStone Wealth LLC boosted its stake in Chubb by 0.8% during the 2nd quarter. SlateStone Wealth LLC now owns 44,625 shares of the financial services provider’s stock valued at $12,929,000 after purchasing an additional 358 shares in the last quarter. Elo Mutual Pension Insurance Co raised its position in Chubb by 6.3% in the second quarter. Elo Mutual Pension Insurance Co now owns 44,651 shares of the financial services provider’s stock worth $12,936,000 after acquiring an additional 2,655 shares in the last quarter. Columbia Bank lifted its holdings in Chubb by 14.7% in the 2nd quarter. Columbia Bank now owns 4,382 shares of the financial services provider’s stock valued at $1,227,000 after acquiring an additional 563 shares during the last quarter. Laurel Wealth Advisors LLC boosted its position in shares of Chubb by 28,872.7% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 28,683 shares of the financial services provider’s stock valued at $8,310,000 after purchasing an additional 28,584 shares in the last quarter. Finally, RiverFront Investment Group LLC raised its holdings in shares of Chubb by 27.1% in the 2nd quarter. RiverFront Investment Group LLC now owns 1,124 shares of the financial services provider’s stock worth $326,000 after purchasing an additional 240 shares in the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Chubb Trading Up 0.7%

NYSE CB opened at $297.75 on Wednesday. The company has a market capitalization of $117.18 billion, a PE ratio of 12.43, a price-to-earnings-growth ratio of 2.74 and a beta of 0.58. Chubb Limited has a 1-year low of $252.16 and a 1-year 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 firm’s fifty day simple moving average is $283.11 and its 200-day simple moving average is $281.32.

Chubb (NYSE:CB) last issued its earnings results on Tuesday, October 21st. The financial services provider reported $7.49 earnings per share for the quarter, topping the consensus estimate of $5.51 by $1.98. Chubb had a return on equity of 12.93% and a net margin of 16.53%.The company had revenue of $16.15 billion for the quarter, compared to analyst estimates of $12.95 billion. During the same period in the prior year, the firm posted $5.72 EPS. The business’s revenue was up 7.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 2nd. Investors of record on Friday, December 12th will be given a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Friday, December 12th. Chubb’s dividend payout ratio (DPR) is presently 16.19%.

Insider Buying and Selling

In related news, insider John J. Lupica sold 16,375 shares of the company’s stock in a transaction on Friday, November 14th. The shares were sold at an average price of $296.45, for a total value of $4,854,368.75. Following the completion of the sale, the insider directly owned 74,225 shares in the company, valued at approximately $22,004,001.25. This represents a 18.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Joseph F. Wayland sold 5,830 shares of the stock in a transaction on Thursday, November 13th. The stock was sold at an average price of $297.08, for a total transaction of $1,731,976.40. Following the transaction, the executive vice president directly owned 60,593 shares in the company, valued at $18,000,968.44. The trade was a 8.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 45,903 shares of company stock valued at $13,245,483 over the last quarter. Corporate insiders own 0.77% of the company’s stock.

Wall Street Analyst Weigh In

CB has been the subject of a number of recent research reports. The Goldman Sachs Group reiterated a “neutral” rating and set a $309.00 price objective on shares of Chubb in a research report on Monday, October 27th. Wolfe Research upped their price objective on shares of Chubb from $320.00 to $336.00 and gave the company an “outperform” rating in a research note on Thursday, October 23rd. Barclays raised their target price on shares of Chubb from $298.00 to $310.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 8th. Bank of America boosted their price target on shares of Chubb from $276.00 to $279.00 and gave the company an “underperform” rating in a report on Monday, October 13th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Chubb in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $308.11.

Chubb 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.