Westwood Holdings Group Inc. Grows Stock Holdings in Chubb Limited $CB

Westwood Holdings Group Inc. raised its holdings in Chubb Limited (NYSE:CB) by 101.4% in the 2nd quarter, HoldingsChannel reports. The fund owned 13,065 shares of the financial services provider’s stock after acquiring an additional 6,577 shares during the period. Westwood Holdings Group Inc.’s holdings in Chubb were worth $3,785,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Rise Advisors LLC increased its stake in Chubb by 4.6% in the first quarter. Rise Advisors LLC now owns 841 shares of the financial services provider’s stock valued at $254,000 after purchasing an additional 37 shares during the last quarter. Sky Investment Group LLC grew its holdings in Chubb by 1.6% in the 2nd quarter. Sky Investment Group LLC now owns 2,397 shares of the financial services provider’s stock valued at $694,000 after buying an additional 38 shares during the period. Evermay Wealth Management LLC increased its stake in shares of Chubb by 2.3% during the 2nd quarter. Evermay Wealth Management LLC now owns 1,684 shares of the financial services provider’s stock valued at $489,000 after acquiring an additional 38 shares during the last quarter. JT Stratford LLC lifted its holdings in shares of Chubb by 3.5% during the 2nd quarter. JT Stratford LLC now owns 1,127 shares of the financial services provider’s stock worth $327,000 after acquiring an additional 38 shares during the period. Finally, Lincoln Capital LLC boosted its position in shares of Chubb by 0.6% in the first quarter. Lincoln Capital LLC now owns 6,962 shares of the financial services provider’s stock worth $2,022,000 after acquiring an additional 39 shares during the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Insiders Place Their Bets

In other Chubb news, insider John J. Lupica sold 23,698 shares of the stock in a transaction that occurred on Monday, October 27th. The shares were sold at an average price of $281.00, for a total value of $6,659,138.00. Following the completion of the sale, the insider owned 90,600 shares of the company’s stock, valued at $25,458,600. This trade represents a 20.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Joseph F. Wayland sold 5,830 shares of Chubb stock in a transaction that occurred on Thursday, November 13th. The shares were sold at an average price of $297.08, for a total transaction of $1,731,976.40. Following the sale, the executive vice president owned 60,593 shares in the company, valued at $18,000,968.44. This represents a 8.78% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 57,333 shares of company stock worth $16,629,873 in the last 90 days. 0.86% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. UBS Group upped their price target on shares of Chubb from $292.00 to $298.00 and gave the stock a “neutral” rating in a research report on Monday, October 27th. Jefferies Financial Group boosted their price objective on shares of Chubb from $297.00 to $302.00 and gave the company a “hold” rating in a research note on Thursday, October 23rd. Citigroup upped their price objective on Chubb from $331.00 to $335.00 and gave the stock a “buy” rating in a report on Tuesday, December 2nd. Wolfe Research lifted their target price on Chubb from $336.00 to $364.00 and gave the company an “outperform” rating in a report on Thursday, December 11th. Finally, JMP Securities restated a “market outperform” rating and set a $325.00 price target on shares of Chubb in a research note on Wednesday, October 22nd. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $310.70.

Chubb Stock Performance

NYSE:CB opened at $312.58 on Tuesday. The firm’s fifty day simple moving average is $288.79 and its 200 day simple moving average is $282.27. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.20. Chubb Limited has a twelve month low of $252.16 and a twelve month high of $313.04. The firm has a market capitalization of $123.02 billion, a price-to-earnings ratio of 13.05, a PEG ratio of 3.52 and a beta of 0.51.

Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, October 21st. The financial services provider reported $7.49 EPS for the quarter, beating the consensus estimate of $5.51 by $1.98. The company had revenue of $16.15 billion for the quarter, compared to analyst estimates of $12.95 billion. Chubb had a return on equity of 12.93% and a net margin of 16.53%.The firm’s revenue was up 7.5% compared to the same quarter last year. During the same period last year, the company posted $5.72 earnings per share. As a group, equities research analysts expect that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 2nd. Investors of record on Friday, December 12th will be given a dividend of $0.97 per share. The ex-dividend date of this dividend is Friday, December 12th. This represents a $3.88 annualized dividend and a yield of 1.2%. Chubb’s payout ratio is 16.19%.

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.