Woodmont Investment Counsel LLC Acquires 497 Shares of Chubb Limited (NYSE:CB)

Woodmont Investment Counsel LLC grew its holdings in shares of Chubb Limited (NYSE:CB) by 1.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,359 shares of the financial services provider’s stock after buying an additional 497 shares during the quarter. Woodmont Investment Counsel LLC’s holdings in Chubb were worth $9,217,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. Continuum Advisory LLC raised its holdings in Chubb by 56.5% during the third quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 35 shares in the last quarter. Gordian Capital Singapore Pte Ltd acquired a new position in shares of Chubb during the 3rd quarter worth approximately $29,000. Raelipskie Partnership bought a new stake in shares of Chubb during the 3rd quarter worth approximately $29,000. Sierra Ocean LLC acquired a new stake in shares of Chubb in the 4th quarter valued at approximately $29,000. Finally, Crowley Wealth Management Inc. bought a new position in shares of Chubb in the fourth quarter valued at $29,000. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Chubb Trading Down 1.0 %

CB stock opened at $291.08 on Monday. Chubb Limited has a 52 week low of $238.85 and a 52 week high of $302.05. The company has a market capitalization of $116.55 billion, a PE ratio of 12.81, a price-to-earnings-growth ratio of 3.36 and a beta of 0.66. The company’s 50-day simple moving average is $276.57 and its 200 day simple moving average is $281.19. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.25.

Chubb (NYSE:CB) last announced its earnings results on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.33 by $0.69. Chubb had a net margin of 16.63% and a return on equity of 13.75%. As a group, sell-side analysts anticipate that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 14th will be paid a dividend of $0.91 per share. The ex-dividend date is Friday, March 14th. This represents a $3.64 dividend on an annualized basis and a yield of 1.25%. Chubb’s dividend payout ratio (DPR) is presently 16.02%.

Insider Buying and Selling at Chubb

In related news, CEO Evan G. Greenberg sold 25,728 shares of Chubb stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $291.45, for a total value of $7,498,425.60. Following the transaction, the chief executive officer now directly owns 584,395 shares of the company’s stock, valued at $170,321,922.75. This trade represents a 4.22 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO George F. Ohsiek sold 763 shares of the company’s stock in a transaction on Friday, March 14th. The stock was sold at an average price of $290.41, for a total value of $221,582.83. Following the sale, the chief accounting officer now owns 20,044 shares of the company’s stock, valued at $5,820,978.04. The trade was a 3.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 63,470 shares of company stock valued at $18,562,730 in the last three months. Corporate insiders own 0.86% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on CB. Royal Bank of Canada reaffirmed an “outperform” rating and set a $320.00 price target on shares of Chubb in a research report on Thursday, January 30th. JMP Securities reiterated a “market outperform” rating and issued a $325.00 target price on shares of Chubb in a research note on Wednesday, January 29th. Keefe, Bruyette & Woods boosted their price target on Chubb from $328.00 to $329.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. Barclays cut their price objective on Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a research report on Monday, January 6th. Finally, HSBC raised Chubb from a “hold” rating to a “buy” rating and set a $323.00 target price on the stock in a report on Wednesday, March 5th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Chubb has a consensus rating of “Hold” and an average price target of $301.00.

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.