Saxon Interests Inc. Increases Stock Holdings in Chubb Limited (NYSE:CB)

Saxon Interests Inc. grew its holdings in shares of Chubb Limited (NYSE:CB) by 6.2% in the 1st quarter, Holdings Channel.com reports. The firm owned 4,489 shares of the financial services provider’s stock after purchasing an additional 261 shares during the quarter. Saxon Interests Inc.’s holdings in Chubb were worth $1,163,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the business. Wellington Management Group LLP raised its stake in shares of Chubb by 0.8% in the third quarter. Wellington Management Group LLP now owns 18,522,413 shares of the financial services provider’s stock worth $3,855,996,000 after buying an additional 138,142 shares during the period. Capital World Investors boosted its position in shares of Chubb by 0.4% in the fourth quarter. Capital World Investors now owns 10,311,415 shares of the financial services provider’s stock worth $2,330,272,000 after purchasing an additional 43,845 shares during the period. Norges Bank purchased a new stake in shares of Chubb in the fourth quarter worth $957,756,000. Raymond James & Associates increased its stake in shares of Chubb by 2.6% in the fourth quarter. Raymond James & Associates now owns 3,103,101 shares of the financial services provider’s stock worth $701,301,000 after purchasing an additional 77,453 shares in the last quarter. Finally, Ontario Teachers Pension Plan Board lifted its stake in shares of Chubb by 0.9% during the 4th quarter. Ontario Teachers Pension Plan Board now owns 2,698,582 shares of the financial services provider’s stock valued at $609,880,000 after buying an additional 24,323 shares in the last quarter. Institutional investors own 83.81% of the company’s stock.

Insiders Place Their Bets

In other Chubb news, Director Michael G. Atieh sold 716 shares of the stock in a transaction on Friday, May 17th. The stock was sold at an average price of $269.70, for a total value of $193,105.20. Following the sale, the director now owns 39,295 shares in the company, valued at $10,597,861.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, Director Michael G. Atieh sold 716 shares of the stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $269.70, for a total value 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 sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, COO John W. Keogh sold 34,707 shares of the company’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $251.98, for a total value of $8,745,469.86. Following the completion of the sale, the chief operating officer now 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 90 days. Insiders own 0.86% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. The Goldman Sachs Group increased their price target on Chubb from $228.00 to $254.00 and gave the stock a “neutral” rating in a research note on Friday, April 12th. StockNews.com cut Chubb from a “buy” rating to a “hold” rating in a report on Wednesday, April 24th. William Blair lowered shares of Chubb from a “market perform” rating to an “underperform” rating in a report on Friday. Roth Mkm reissued a “buy” rating and issued a $280.00 target price on shares of Chubb in a report on Wednesday, April 24th. Finally, JPMorgan Chase & Co. raised their target price on shares of Chubb from $253.00 to $266.00 and gave the company a “neutral” rating in a research note on Monday, April 8th. 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 issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $266.70.

Chubb Trading Up 0.3 %

Shares of Chubb stock traded up $0.74 on Tuesday, reaching $255.56. The company had a trading volume of 1,111,554 shares, compared to its average volume of 1,679,272. The firm’s 50-day moving average price is $259.36 and its two-hundred day moving average price is $249.03. Chubb Limited has a 1 year low of $186.52 and a 1 year high of $275.41. The firm has a market cap of $103.77 billion, a price-to-earnings ratio of 11.34, a P/E/G ratio of 6.16 and a beta of 0.66. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.29 and a quick ratio of 0.29.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, April 23rd. The financial services provider reported $5.41 earnings per share for the quarter, beating analysts’ consensus estimates of $5.29 by $0.12. The business had revenue of $12.22 billion for the quarter, compared to analysts’ expectations of $11.75 billion. Chubb had a net margin of 17.99% and a return on equity of 16.29%. The business’s revenue was up 14.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $4.41 earnings per share. As a group, research analysts predict that Chubb Limited will post 21.03 earnings per share for the current fiscal year.

Chubb Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Friday, June 14th will be given a $0.91 dividend. This is a positive change from Chubb’s previous quarterly dividend of $0.86. This represents a $3.64 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date is Friday, June 14th. Chubb’s dividend payout ratio is 16.16%.

Chubb Company Profile

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.