Eagle Ridge Investment Management Has $23.04 Million Stock Holdings in Chubb Limited (NYSE:CB)

Eagle Ridge Investment Management lowered its holdings in Chubb Limited (NYSE:CB) by 0.1% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 88,918 shares of the financial services provider’s stock after selling 47 shares during the quarter. Chubb accounts for about 2.1% of Eagle Ridge Investment Management’s investment portfolio, making the stock its 17th largest position. Eagle Ridge Investment Management’s holdings in Chubb were worth $23,041,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Rossmore Private Capital lifted its stake in shares of Chubb by 1.6% in the fourth quarter. Rossmore Private Capital now owns 2,600 shares of the financial services provider’s stock valued at $588,000 after buying an additional 41 shares during the period. MCF Advisors LLC lifted its position in shares of Chubb by 4.2% in the 4th quarter. MCF Advisors LLC now owns 1,046 shares of the financial services provider’s stock worth $237,000 after acquiring an additional 42 shares during the period. Angeles Investment Advisors LLC grew its holdings in shares of Chubb by 2.1% during the 4th quarter. Angeles Investment Advisors LLC now owns 2,027 shares of the financial services provider’s stock worth $460,000 after purchasing an additional 42 shares in the last quarter. AdvisorNet Financial Inc increased its position in shares of Chubb by 5.2% during the fourth quarter. AdvisorNet Financial Inc now owns 886 shares of the financial services provider’s stock valued at $200,000 after purchasing an additional 44 shares during the period. Finally, Valley National Advisers Inc. raised its stake in shares of Chubb by 0.9% in the fourth quarter. Valley National Advisers Inc. now owns 5,113 shares of the financial services provider’s stock valued at $1,155,000 after purchasing an additional 44 shares in the last quarter. 83.81% of the stock is owned by institutional investors.

Chubb Price Performance

Shares of CB stock traded up $0.74 during trading hours on Tuesday, reaching $255.56. 1,111,554 shares of the company were exchanged, compared to its average volume of 1,679,272. Chubb Limited has a fifty-two week low of $186.52 and a fifty-two week high of $275.41. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.29 and a quick ratio of 0.29. The stock’s fifty day moving average is $259.36 and its two-hundred day moving average is $249.03. The company has a market cap of $103.77 billion, a price-to-earnings ratio of 11.33, a P/E/G ratio of 6.16 and a beta of 0.66.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, April 23rd. The financial services provider reported $5.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.29 by $0.12. The firm had revenue of $12.22 billion for the quarter, compared to the consensus estimate of $11.75 billion. Chubb had a return on equity of 16.29% and a net margin of 17.99%. The business’s revenue for the quarter was up 14.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.41 EPS. Sell-side analysts forecast that Chubb Limited will post 21.03 earnings per share for the current fiscal year.

Chubb Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 5th. Stockholders of record on Friday, June 14th will be given a dividend of $0.91 per share. This is a boost from Chubb’s previous quarterly dividend of $0.86. The ex-dividend date is Friday, June 14th. This represents a $3.64 annualized dividend and a dividend yield of 1.42%. Chubb’s payout ratio is currently 16.16%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. StockNews.com lowered shares of Chubb from a “buy” rating to a “hold” rating in a report on Wednesday, April 24th. HSBC reissued a “hold” rating and issued a $270.00 target price (down previously from $275.00) on shares of Chubb in a research note on Thursday, April 4th. JPMorgan Chase & Co. raised their price target on shares of Chubb from $253.00 to $266.00 and gave the stock a “neutral” rating in a research note on Monday, April 8th. The Goldman Sachs Group upped their price objective on Chubb from $228.00 to $254.00 and gave the company a “neutral” rating in a research note on Friday, April 12th. Finally, Morgan Stanley raised their target price on Chubb from $258.00 to $260.00 and gave the stock an “equal weight” rating in a research report on Monday, April 15th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Chubb presently has a consensus rating of “Hold” and an average target price of $266.70.

Insiders Place Their Bets

In related news, EVP Peter C. Enns sold 8,200 shares of the company’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $266.06, for a total value of $2,181,692.00. Following the completion of the sale, the executive vice president now owns 45,853 shares in the company, valued at $12,199,649.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Peter C. Enns sold 8,200 shares of the business’s stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $266.06, for a total transaction of $2,181,692.00. Following the completion of the transaction, the executive vice president now owns 45,853 shares in the company, valued at $12,199,649.18. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Michael G. Atieh sold 716 shares of the company’s stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $269.70, for a total transaction of $193,105.20. Following the completion of the sale, the director now directly owns 39,295 shares of the company’s stock, valued at approximately $10,597,861.50. The disclosure for this sale can be found here. In the last 90 days, insiders sold 47,552 shares of company stock valued at $12,149,985. Company insiders own 0.86% of the company’s stock.

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.