Chubb Limited (NYSE:CB) Stock Position Increased by Woodmont Investment Counsel LLC

Woodmont Investment Counsel LLC grew its position in Chubb Limited (NYSE:CB) by 6.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 30,616 shares of the financial services provider’s stock after purchasing an additional 1,748 shares during the period. Woodmont Investment Counsel LLC’s holdings in Chubb were worth $7,934,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of CB. Norges Bank acquired a new position in Chubb during the fourth quarter worth about $957,756,000. Confluence Investment Management LLC bought a new stake in shares of Chubb in the 1st quarter worth approximately $165,932,000. Bank of Nova Scotia lifted its stake in Chubb by 198.8% during the fourth quarter. Bank of Nova Scotia now owns 779,345 shares of the financial services provider’s stock valued at $176,126,000 after purchasing an additional 518,535 shares during the last quarter. Lazard Asset Management LLC boosted its holdings in Chubb by 978.1% during the third quarter. Lazard Asset Management LLC now owns 546,556 shares of the financial services provider’s stock worth $113,781,000 after buying an additional 495,860 shares in the last quarter. Finally, International Assets Investment Management LLC boosted its holdings in Chubb by 19,454.2% during the fourth quarter. International Assets Investment Management LLC now owns 485,336 shares of the financial services provider’s stock worth $1,096,860,000 after buying an additional 482,854 shares in the last quarter. Institutional investors own 83.81% of the company’s stock.

Insider Transactions at Chubb

In related news, Director Michael G. Atieh sold 716 shares of the firm’s stock in a transaction on Friday, May 17th. The stock was sold at an average price of $269.70, for a total transaction of $193,105.20. Following the sale, the director now owns 39,295 shares of the company’s stock, valued at approximately $10,597,861.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CAO Annmarie T. Hagan sold 1,529 shares of Chubb stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $263.81, for a total value of $403,365.49. Following the sale, the chief accounting officer now directly owns 7,718 shares in the company, valued at $2,036,085.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael G. Atieh sold 716 shares of the stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $269.70, for a total transaction of $193,105.20. Following the transaction, the director now owns 39,295 shares of the company’s stock, valued at $10,597,861.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 47,552 shares of company stock worth $12,149,985. 0.86% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

CB has been the subject of a number of recent research reports. Roth Mkm reiterated a “buy” rating and set a $280.00 price objective on shares of Chubb in a research report on Wednesday, April 24th. Evercore ISI upped their target price on Chubb from $270.00 to $281.00 and gave the company an “outperform” rating in a report on Thursday, April 11th. William Blair cut Chubb from a “market perform” rating to an “underperform” rating in a research note on Friday. JMP Securities restated a “market outperform” rating and set a $280.00 price objective on shares of Chubb in a report on Monday, April 15th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $285.00 target price on shares of Chubb in a report on Friday. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $266.70.

Chubb Price Performance

Shares of CB traded up $0.29 during mid-day trading on Tuesday, hitting $255.11. 474,879 shares of the company traded hands, compared to its average volume of 1,674,219. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $103.59 billion, a price-to-earnings ratio of 11.31, a PEG ratio of 6.16 and a beta of 0.66. The business has a 50-day moving average of $259.30 and a 200 day moving average of $248.79. Chubb Limited has a one year low of $186.52 and a one year high of $275.41.

Chubb (NYSE:CB) last issued its earnings results on Tuesday, April 23rd. The financial services provider reported $5.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.29 by $0.12. The company had revenue of $12.22 billion for the quarter, compared to analyst estimates of $11.75 billion. Chubb had a net margin of 17.99% and a return on equity of 16.29%. The company’s revenue for the quarter was up 14.1% on a year-over-year basis. During the same quarter last year, the firm earned $4.41 EPS. As a group, equities analysts expect that Chubb Limited will post 21.03 earnings per share for the current fiscal year.

Chubb Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 5th. Shareholders of record on Friday, June 14th will be issued a dividend of $0.91 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $3.64 dividend on an annualized basis and a yield of 1.43%. This is a boost from Chubb’s previous quarterly dividend of $0.86. Chubb’s dividend payout ratio (DPR) is 16.16%.

About Chubb

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.