18,916 Shares in Chubb Limited $CB Acquired by S&CO Inc.

S&CO Inc. acquired a new stake in shares of Chubb Limited (NYSE:CB) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 18,916 shares of the financial services provider’s stock, valued at approximately $6,445,000.

Other large investors have also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in Chubb in the 4th quarter worth approximately $1,081,190,000. Price T Rowe Associates Inc. MD grew its holdings in shares of Chubb by 25.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 14,947,799 shares of the financial services provider’s stock valued at $4,665,508,000 after acquiring an additional 3,049,987 shares in the last quarter. Berkshire Hathaway Inc grew its holdings in shares of Chubb by 9.3% during the 4th quarter. Berkshire Hathaway Inc now owns 34,249,183 shares of the financial services provider’s stock valued at $10,689,855,000 after acquiring an additional 2,916,288 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of Chubb in the fourth quarter worth $795,378,000. Finally, GQG Partners LLC raised its holdings in shares of Chubb by 15.2% during the fourth quarter. GQG Partners LLC now owns 12,481,176 shares of the financial services provider’s stock worth $3,895,627,000 after acquiring an additional 1,647,729 shares in the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Insider Activity

In other news, EVP Joseph F. Wayland sold 8,502 shares of the stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $364.54, for a total transaction of $3,099,319.08. Following the transaction, the executive vice president owned 33,749 shares of the company’s stock, valued at approximately $12,302,860.46. This represents a 20.12% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO John W. Keogh sold 23,000 shares of the stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $321.51, for a total value of $7,394,730.00. Following the transaction, the chief operating officer directly owned 203,322 shares in the company, valued at approximately $65,370,056.22. This represents a 10.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.37% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Wells Fargo & Company reduced their price objective on Chubb from $358.00 to $356.00 and set an “equal weight” rating for the company in a research report on Thursday, July 23rd. Weiss Ratings raised Chubb from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Monday, June 29th. Atlantic Securities set a $301.00 price target on Chubb in a research note on Wednesday, July 15th. Mizuho lifted their price target on Chubb from $335.00 to $352.00 and gave the company a “neutral” rating in a report on Thursday, July 9th. Finally, Citigroup reissued a “market outperform” rating on shares of Chubb in a research note on Wednesday, July 22nd. 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. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $360.09.

Chubb Stock Down 0.2%

CB stock opened at $343.80 on Friday. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.22. Chubb Limited has a 1 year low of $265.30 and a 1 year high of $365.91. The company has a fifty day simple moving average of $344.31 and a 200 day simple moving average of $331.99. The firm has a market cap of $132.64 billion, a PE ratio of 12.16, a PEG ratio of 1.70 and a beta of 0.39.

Chubb (NYSE:CB) last issued its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $7.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.77 by $0.49. The firm had revenue of $11.97 billion during the quarter, compared to analysts’ expectations of $15.07 billion. Chubb had a net margin of 18.10% and a return on equity of 14.47%. Chubb’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same period in the prior year, the company posted $6.14 earnings per share. Sell-side analysts anticipate that Chubb Limited will post 27.45 EPS for the current fiscal year.

Chubb Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 11th will be paid a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Friday, September 11th. Chubb’s dividend payout ratio is 14.43%.

About Chubb

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.