TRUE Private Wealth Advisors lifted its holdings in shares of Chubb Ltd (NYSE:CB) by 187.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,604 shares of the financial services provider’s stock after buying an additional 1,046 shares during the period. TRUE Private Wealth Advisors’ holdings in Chubb were worth $208,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in shares of Chubb by 1.1% during the third quarter. Vanguard Group Inc. now owns 37,280,448 shares of the financial services provider’s stock valued at $4,982,160,000 after buying an additional 417,887 shares during the last quarter. Vanguard Group Inc boosted its position in Chubb by 1.1% in the third quarter. Vanguard Group Inc now owns 37,280,448 shares of the financial services provider’s stock worth $4,982,160,000 after purchasing an additional 417,887 shares during the last quarter. Capital International Investors boosted its position in Chubb by 89.7% in the third quarter. Capital International Investors now owns 17,829,438 shares of the financial services provider’s stock worth $2,382,726,000 after purchasing an additional 8,430,416 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Chubb by 1.0% in the third quarter. JPMorgan Chase & Co. now owns 6,737,036 shares of the financial services provider’s stock worth $900,339,000 after purchasing an additional 63,629 shares during the last quarter. Finally, WCM Investment Management CA boosted its position in Chubb by 3.9% in the third quarter. WCM Investment Management CA now owns 6,706,938 shares of the financial services provider’s stock worth $896,315,000 after purchasing an additional 251,602 shares during the last quarter. 87.58% of the stock is currently owned by institutional investors.
In other news, Director Michael G. Atieh sold 1,200 shares of Chubb stock in a transaction dated Wednesday, November 28th. The stock was sold at an average price of $133.27, for a total transaction of $159,924.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Over the last ninety days, insiders have sold 1,242 shares of company stock worth $165,544. Insiders own 0.44% of the company’s stock.
Shares of NYSE:CB opened at $132.45 on Wednesday. Chubb Ltd has a 52-week low of $119.54 and a 52-week high of $157.50. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.31 and a current ratio of 0.31. The stock has a market capitalization of $60.29 billion, a price-to-earnings ratio of 16.49, a PEG ratio of 1.19 and a beta of 0.91.
Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, October 23rd. The financial services provider reported $2.41 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.39 by $0.02. Chubb had a return on equity of 9.71% and a net margin of 15.37%. The firm had revenue of $7.55 billion for the quarter, compared to analysts’ expectations of $7.63 billion. During the same period in the previous year, the firm earned ($0.13) EPS. The business’s quarterly revenue was up 2.5% on a year-over-year basis. As a group, equities analysts anticipate that Chubb Ltd will post 9.58 EPS for the current year.
Chubb declared that its board has authorized a share buyback plan on Thursday, November 15th that authorizes the company to buyback $1.50 billion in outstanding shares. This buyback authorization authorizes the financial services provider to purchase up to 2.6% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.
The business also recently disclosed a quarterly dividend, which was paid on Friday, January 11th. Stockholders of record on Friday, December 21st were given a dividend of $0.73 per share. The ex-dividend date of this dividend was Thursday, December 20th. This represents a $2.92 dividend on an annualized basis and a dividend yield of 2.20%. Chubb’s payout ratio is currently 36.36%.
Several research analysts have issued reports on CB shares. Zacks Investment Research cut Chubb from a “hold” rating to a “sell” rating in a research report on Tuesday, September 25th. Wells Fargo & Co reissued a “buy” rating and issued a $169.00 target price on shares of Chubb in a research report on Wednesday, October 10th. Citigroup dropped their target price on Chubb from $157.00 to $150.00 and set a “buy” rating on the stock in a research report on Friday, October 12th. Morgan Stanley dropped their target price on Chubb from $166.00 to $153.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 14th. Finally, Deutsche Bank raised their target price on Chubb from $122.00 to $123.00 and gave the stock a “sell” rating in a research report on Tuesday, December 4th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $156.70.
Chubb Company 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.
Featured Story: Closed-End Mutual Funds
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.