Thompson Siegel & Walmsley LLC Boosts Stock Position in Chubb Limited (NYSE:CB)

Thompson Siegel & Walmsley LLC increased its position in shares of Chubb Limited (NYSE:CB) by 5.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,371 shares of the financial services provider’s stock after acquiring an additional 125 shares during the period. Thompson Siegel & Walmsley LLC’s holdings in Chubb were worth $684,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CB. Parkside Financial Bank & Trust boosted its stake in shares of Chubb by 0.5% in the second quarter. Parkside Financial Bank & Trust now owns 7,516 shares of the financial services provider’s stock valued at $1,917,000 after purchasing an additional 40 shares during the period. Steigerwald Gordon & Koch Inc. lifted its holdings in Chubb by 1.9% during the 2nd quarter. Steigerwald Gordon & Koch Inc. now owns 2,127 shares of the financial services provider’s stock worth $543,000 after buying an additional 40 shares in the last quarter. LVW Advisors LLC boosted its position in Chubb by 0.3% in the 3rd quarter. LVW Advisors LLC now owns 11,754 shares of the financial services provider’s stock valued at $3,390,000 after buying an additional 40 shares during the period. Wealth Effects LLC grew its stake in shares of Chubb by 3.0% in the third quarter. Wealth Effects LLC now owns 1,370 shares of the financial services provider’s stock worth $395,000 after acquiring an additional 40 shares in the last quarter. Finally, Mitchell Mcleod Pugh & Williams Inc. increased its position in shares of Chubb by 1.1% during the third quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 3,706 shares of the financial services provider’s stock worth $1,069,000 after acquiring an additional 40 shares during the period. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CB has been the subject of a number of recent research reports. JMP Securities lifted their target price on Chubb from $300.00 to $325.00 and gave the company a “market outperform” rating in a report on Wednesday, October 30th. Wells Fargo & Company boosted their price objective on Chubb from $266.00 to $268.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 5th. Morgan Stanley raised their target price on shares of Chubb from $295.00 to $300.00 and gave the company an “equal weight” rating in a report on Wednesday, October 30th. JPMorgan Chase & Co. boosted their price target on shares of Chubb from $291.00 to $294.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Chubb from $305.00 to $320.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $287.37.

Chubb Stock Performance

Shares of Chubb stock opened at $285.21 on Friday. The firm’s fifty day simple moving average is $287.46 and its 200-day simple moving average is $274.26. Chubb Limited has a 12 month low of $216.90 and a 12 month high of $302.05. The stock has a market capitalization of $114.97 billion, a price-to-earnings ratio of 11.68, a PEG ratio of 6.62 and a beta of 0.67. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.28 and a quick ratio of 0.28.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $5.72 EPS for the quarter, beating analysts’ consensus estimates of $4.98 by $0.74. Chubb had a net margin of 18.32% and a return on equity of 15.46%. The company had revenue of $13.83 billion for the quarter, compared to analyst estimates of $14.16 billion. During the same period in the previous year, the business posted $4.95 earnings per share. Chubb’s quarterly revenue was up 5.5% on a year-over-year basis. As a group, equities analysts forecast that Chubb Limited will post 21.77 earnings per share for the current year.

Chubb Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 13th will be paid a $0.91 dividend. The ex-dividend date is Friday, December 13th. This represents a $3.64 annualized dividend and a dividend yield of 1.28%. Chubb’s dividend payout ratio (DPR) is currently 14.91%.

Insider Activity

In other Chubb news, Director Michael G. Atieh sold 261 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $287.49, for a total transaction of $75,034.89. Following the transaction, the director now owns 39,172 shares in the company, valued at approximately $11,261,558.28. The trade was a 0.66 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Evan G. Greenberg sold 30,318 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $289.60, for a total value of $8,780,092.80. Following the completion of the sale, the chief executive officer now directly owns 553,664 shares of the company’s stock, valued at $160,341,094.40. This represents a 5.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 82,715 shares of company stock valued at $23,803,540. Company insiders own 0.86% of the company’s stock.

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.