Eagle Ridge Investment Management Sells 47 Shares of Chubb Limited (NYSE:CB)

Eagle Ridge Investment Management cut its stake in shares of Chubb Limited (NYSE:CB) by 0.1% during the 1st quarter, HoldingsChannel reports. The firm owned 88,918 shares of the financial services provider’s stock after selling 47 shares during the period. Chubb comprises 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 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. MV Capital Management Inc. increased its holdings in shares of Chubb by 3.2% during the first quarter. MV Capital Management Inc. now owns 12,633 shares of the financial services provider’s stock worth $3,274,000 after buying an additional 393 shares in the last quarter. Woodmont Investment Counsel LLC increased its holdings in Chubb by 6.1% in the 1st quarter. Woodmont Investment Counsel LLC now owns 30,616 shares of the financial services provider’s stock worth $7,934,000 after purchasing an additional 1,748 shares in the last quarter. Oak Thistle LLC bought a new position in Chubb in the first quarter valued at about $377,000. Claro Advisors LLC boosted its stake in shares of Chubb by 1.4% during the first quarter. Claro Advisors LLC now owns 7,226 shares of the financial services provider’s stock valued at $1,872,000 after purchasing an additional 98 shares in the last quarter. Finally, Talbot Financial LLC bought a new stake in shares of Chubb during the first quarter worth about $13,074,000. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently issued reports on CB shares. Roth Mkm reiterated a “buy” rating and issued a $280.00 price objective on shares of Chubb in a report on Wednesday, April 24th. Evercore ISI lifted their price target on shares of Chubb from $270.00 to $281.00 and gave the stock an “outperform” rating in a report on Thursday, April 11th. Morgan Stanley increased their price objective on Chubb from $258.00 to $260.00 and gave the company an “equal weight” rating in a report on Monday, April 15th. Citigroup reiterated a “neutral” rating and issued a $275.00 price target (up previously from $238.00) on shares of Chubb in a research report on Thursday, March 14th. Finally, William Blair downgraded shares of Chubb from a “market perform” rating to an “underperform” rating in a research report on Friday. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Chubb presently has an average rating of “Hold” and an average price target of $266.70.

Chubb Stock Up 0.3 %

NYSE:CB traded up $0.74 on Tuesday, hitting $255.56. The stock had a trading volume of 1,111,554 shares, compared to its average volume of 1,679,272. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.21. Chubb Limited has a 52 week low of $186.52 and a 52 week high of $275.41. The business’s fifty day moving average is $259.36 and its 200 day moving average is $249.03. The company has a market cap of $103.77 billion, a PE ratio of 11.33, a P/E/G ratio of 6.16 and a beta of 0.66.

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, topping analysts’ consensus estimates of $5.29 by $0.12. The company had revenue of $12.22 billion for the quarter, compared to analysts’ expectations of $11.75 billion. Chubb had a return on equity of 16.29% and a net margin of 17.99%. Chubb’s quarterly revenue was up 14.1% compared to the same quarter last year. During the same period last year, the business earned $4.41 EPS. On average, equities research analysts expect that Chubb Limited will post 21.03 EPS for the current fiscal year.

Chubb Increases Dividend

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

Insider Transactions at Chubb

In other Chubb 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 transaction, the director now directly owns 39,295 shares in the company, valued at approximately $10,597,861.50. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Chubb news, Director Michael G. Atieh sold 716 shares of Chubb 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 transaction, the director now owns 39,295 shares of the company’s stock, valued at approximately $10,597,861.50. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, COO John W. Keogh sold 34,707 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $251.98, for a total value of $8,745,469.86. Following the completion of the transaction, the chief operating officer now directly owns 284,136 shares of the company’s stock, valued at $71,596,589.28. The disclosure for this sale can be found here. Insiders sold a total of 47,552 shares of company stock valued at $12,149,985 over the last ninety days. 0.86% of the stock is currently owned by insiders.

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.