Savant Capital LLC Raises Stock Holdings in Chubb Limited (NYSE:CB)

Savant Capital LLC grew its stake in shares of Chubb Limited (NYSE:CB) by 1.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,395 shares of the financial services provider’s stock after acquiring an additional 179 shares during the quarter. Savant Capital LLC’s holdings in Chubb were worth $3,253,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Wellington Management Group LLP grew its holdings 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 acquiring an additional 138,142 shares during the period. Deutsche Bank AG boosted its position in Chubb by 426.8% in the third quarter. Deutsche Bank AG now owns 16,119,520 shares of the financial services provider’s stock worth $3,355,762,000 after purchasing an additional 13,059,385 shares during the last quarter. Northern Trust Corp grew its stake in shares of Chubb by 2.3% during the 3rd quarter. Northern Trust Corp now owns 4,221,419 shares of the financial services provider’s stock valued at $878,815,000 after purchasing an additional 93,885 shares during the period. Raymond James & Associates increased its position in shares of Chubb by 2.6% during the 4th quarter. Raymond James & Associates now owns 3,103,101 shares of the financial services provider’s stock valued at $701,301,000 after purchasing an additional 77,453 shares during the last quarter. Finally, Boston Partners lifted its stake in shares of Chubb by 6.4% in the 3rd quarter. Boston Partners now owns 2,850,197 shares of the financial services provider’s stock worth $594,006,000 after purchasing an additional 170,774 shares during the period. 83.81% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on CB shares. Raymond James raised their target price on Chubb from $270.00 to $285.00 and gave the stock a “strong-buy” rating in a report on Thursday, February 1st. StockNews.com cut Chubb from a “buy” rating to a “hold” rating in a report on Wednesday, April 24th. Citigroup restated a “neutral” rating and set a $275.00 target price (up from $238.00) on shares of Chubb in a research report on Thursday, March 14th. JMP Securities reiterated a “market outperform” rating and issued a $280.00 price target on shares of Chubb in a research report on Monday, April 15th. Finally, BMO Capital Markets boosted their price objective on Chubb from $220.00 to $240.00 and gave the stock a “market perform” rating in a research note on Monday, February 5th. Ten equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Chubb presently has a consensus rating of “Moderate Buy” and a consensus price target of $266.89.

Insider Activity

In other Chubb news, EVP Joseph F. Wayland sold 26,946 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $257.02, for a total value of $6,925,660.92. Following the completion of the transaction, the executive vice president now directly owns 95,252 shares of the company’s stock, valued at $24,481,669.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider John J. Lupica sold 34,464 shares of Chubb stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $258.92, for a total value of $8,923,418.88. Following the completion of the transaction, the insider now owns 130,937 shares in the company, valued at approximately $33,902,208.04. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Joseph F. Wayland sold 26,946 shares of the stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $257.02, for a total value of $6,925,660.92. Following the transaction, the executive vice president now owns 95,252 shares in the company, valued at approximately $24,481,669.04. The disclosure for this sale can be found here. Insiders sold a total of 108,863 shares of company stock valued at $28,007,307 in the last quarter. 0.86% of the stock is currently owned by company insiders.

Chubb Stock Up 0.5 %

CB stock opened at $249.93 on Thursday. 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 $183.71 and a 52 week high of $260.58. The stock has a market capitalization of $101.49 billion, a PE ratio of 11.09, a price-to-earnings-growth ratio of 1.18 and a beta of 0.62. The firm has a 50 day moving average of $252.22 and a 200 day moving average of $236.53.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, April 23rd. The financial services provider reported $5.41 EPS for the quarter, topping analysts’ consensus estimates of $5.29 by $0.12. The company had revenue of $12.22 billion during 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%. The firm’s revenue was up 14.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.41 EPS. Sell-side analysts forecast that Chubb Limited will post 21.18 earnings per share for the current year.

Chubb Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Friday, March 15th were paid a dividend of $0.86 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $3.44 dividend on an annualized basis and a dividend yield of 1.38%. Chubb’s payout ratio is currently 15.27%.

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.