Financial Counselors Inc. Increases Position in Chubb Ltd (CB)

Financial Counselors Inc. increased its holdings in Chubb Ltd (NYSE:CB) by 2.9% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 113,629 shares of the financial services provider’s stock after purchasing an additional 3,156 shares during the period. Financial Counselors Inc.’s holdings in Chubb were worth $15,185,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Russell Investments Group Ltd. bought a new position in Chubb during the second quarter valued at $95,936,000. American Century Companies Inc. increased its position in Chubb by 12.3% during the second quarter. American Century Companies Inc. now owns 4,610,946 shares of the financial services provider’s stock valued at $585,682,000 after acquiring an additional 504,768 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in Chubb by 3.7% during the second quarter. Massachusetts Financial Services Co. MA now owns 13,848,022 shares of the financial services provider’s stock valued at $1,758,976,000 after acquiring an additional 488,028 shares during the last quarter. Toronto Dominion Bank increased its position in Chubb by 111.8% during the second quarter. Toronto Dominion Bank now owns 714,775 shares of the financial services provider’s stock valued at $90,780,000 after acquiring an additional 377,292 shares during the last quarter. Finally, Welch & Forbes LLC bought a new position in Chubb during the third quarter valued at $42,812,000. Institutional investors own 86.03% of the company’s stock.

In related news, insider Timothy Alan Boroughs sold 14,971 shares of the company’s stock in a transaction dated Thursday, September 20th. The shares were sold at an average price of $139.37, for a total value of $2,086,508.27. Following the completion of the sale, the insider now directly owns 202,794 shares of the company’s stock, valued at $28,263,399.78. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Evan G. Greenberg sold 227,994 shares of the company’s stock in a transaction dated Wednesday, September 19th. The stock was sold at an average price of $140.29, for a total transaction of $31,985,278.26. Following the completion of the sale, the chief executive officer now directly owns 1,583,326 shares of the company’s stock, valued at $222,124,804.54. The disclosure for this sale can be found here. Insiders have sold 242,967 shares of company stock valued at $34,072,088 over the last three months. Insiders own 0.44% of the company’s stock.



A number of research analysts have weighed in on CB shares. Citigroup boosted their price objective on shares of Chubb from $151.00 to $157.00 and gave the company a “buy” rating in a research report on Monday, July 30th. Wells Fargo & Co reiterated a “buy” rating and set a $169.00 price objective on shares of Chubb in a research report on Tuesday, July 24th. ValuEngine upgraded shares of Chubb from a “sell” rating to a “hold” rating in a research report on Tuesday, September 4th. Zacks Investment Research raised shares of Chubb from a “sell” rating to a “hold” rating in a research note on Wednesday, July 4th. Finally, Credit Suisse Group initiated coverage on shares of Chubb in a research note on Tuesday, August 7th. They set a “neutral” rating and a $150.00 target price for the company. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $159.60.

Shares of CB opened at $125.37 on Wednesday. The firm has a market cap of $56.92 billion, a PE ratio of 15.61, a P/E/G ratio of 1.23 and a beta of 1.01. Chubb Ltd has a 12-month low of $120.50 and a 12-month high of $157.50. The company has a quick ratio of 0.31, a current ratio of 0.33 and a debt-to-equity ratio of 0.24.

Chubb (NYSE:CB) last issued its earnings results on Tuesday, October 23rd. The financial services provider reported $2.41 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.39 by $0.02. The firm had revenue of $7.55 billion during the quarter, compared to analyst estimates of $7.63 billion. Chubb had a net margin of 15.37% and a return on equity of 9.71%. The business’s revenue was up 2.5% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.13) earnings per share. Analysts predict that Chubb Ltd will post 9.97 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, October 12th. Stockholders of record on Friday, September 21st were paid a dividend of $0.73 per share. This represents a $2.92 dividend on an annualized basis and a dividend yield of 2.33%. The ex-dividend date was Thursday, September 20th. Chubb’s dividend payout ratio is currently 36.36%.

Chubb Profile

Chubb Limited, through its subsidiaries, provides insurance and reinsurance products worldwide. Its North America Commercial P&C Insurance segment offers commercial property, marine, general casualty, workers' compensation, package policies, and risk management; and professional lines, marine, construction, environmental, medical, cyber risk, and excess casualty, as well as group accident and health insurance to large, middle market, and small commercial businesses in the United States, Canada, and Bermuda.

Recommended Story: Can individual investors take part in an IPO?

Institutional Ownership by Quarter for Chubb (NYSE:CB)

Receive News & Ratings for Chubb Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chubb and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply