Wilkins Investment Counsel Inc. Has $21.26 Million Stock Position in Chubb Limited (NYSE:CB)

Wilkins Investment Counsel Inc. lifted its stake in Chubb Limited (NYSE:CB) by 1.1% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 83,336 shares of the financial services provider’s stock after acquiring an additional 888 shares during the period. Chubb accounts for about 3.2% of Wilkins Investment Counsel Inc.’s investment portfolio, making the stock its 4th largest position. Wilkins Investment Counsel Inc.’s holdings in Chubb were worth $21,257,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Capital World Investors raised its position in shares of Chubb by 6.6% in the first quarter. Capital World Investors now owns 10,997,092 shares of the financial services provider’s stock valued at $2,849,677,000 after purchasing an additional 685,677 shares during the period. Capital Research Global Investors raised its holdings in Chubb by 44.4% in the 1st quarter. Capital Research Global Investors now owns 6,713,331 shares of the financial services provider’s stock worth $1,739,625,000 after acquiring an additional 2,064,730 shares during the period. Norges Bank acquired a new position in Chubb during the 4th quarter worth $957,756,000. Lazard Asset Management LLC boosted its holdings in Chubb by 14.8% during the first quarter. Lazard Asset Management LLC now owns 3,543,763 shares of the financial services provider’s stock valued at $918,294,000 after acquiring an additional 457,881 shares during the period. Finally, Raymond James & Associates grew its position in shares of Chubb by 2.9% in the second quarter. Raymond James & Associates now owns 3,051,081 shares of the financial services provider’s stock valued at $778,270,000 after purchasing an additional 87,059 shares during the last quarter. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Chubb Stock Up 0.4 %

Shares of NYSE CB opened at $288.87 on Friday. The business has a fifty day moving average of $272.40 and a two-hundred day moving average of $261.97. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.31 and a current ratio of 0.31. Chubb Limited has a 52-week low of $204.15 and a 52-week high of $294.18. The stock has a market cap of $116.68 billion, a PE ratio of 12.82, a PEG ratio of 5.59 and a beta of 0.66.

Chubb (NYSE:CB) last announced its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $5.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.04 by $0.34. The firm had revenue of $13.36 billion during the quarter, compared to the consensus estimate of $13.04 billion. Chubb had a net margin of 18.14% and a return on equity of 15.77%. The firm’s quarterly revenue was up 11.8% on a year-over-year basis. During the same period last year, the firm posted $4.92 EPS. As a group, equities research analysts expect that Chubb Limited will post 21.2 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 4th. Investors of record on Friday, September 13th will be given a dividend of $0.91 per share. The ex-dividend date is Friday, September 13th. This represents a $3.64 dividend on an annualized basis and a yield of 1.26%. Chubb’s dividend payout ratio (DPR) is presently 16.16%.

Analysts Set New Price Targets

Several analysts recently weighed in on CB shares. Roth Mkm increased their target price on Chubb from $280.00 to $300.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Morgan Stanley reduced their price objective on Chubb from $260.00 to $259.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 10th. JMP Securities boosted their target price on shares of Chubb from $280.00 to $300.00 and gave the stock a “market outperform” rating in a research report on Wednesday, July 24th. Barclays initiated coverage on shares of Chubb in a report on Wednesday, September 4th. They issued an “overweight” rating and a $349.00 price target for the company. Finally, Royal Bank of Canada boosted their price objective on shares of Chubb from $285.00 to $295.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. One 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 assigned a strong buy rating to the company. Based on data from MarketBeat.com, Chubb has an average rating of “Hold” and a consensus price target of $274.70.

Insider Activity at Chubb

In other Chubb news, EVP Peter C. Enns sold 8,200 shares of the business’s stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $266.06, for a total value of $2,181,692.00. Following the transaction, the executive vice president now owns 45,853 shares of the company’s stock, valued at $12,199,649.18. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, EVP Peter C. Enns sold 8,200 shares of the company’s stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $266.06, for a total transaction of $2,181,692.00. Following the transaction, the executive vice president now directly owns 45,853 shares in the company, valued at $12,199,649.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John J. Lupica sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $285.49, for a total transaction of $4,282,350.00. Following the completion of the sale, the insider now directly owns 103,950 shares of the company’s stock, valued at approximately $29,676,685.50. The disclosure for this sale can be found here. Insiders sold 94,836 shares of company stock valued at $27,055,900 in the last three months. Corporate insiders own 0.86% of the company’s stock.

Chubb 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.