Lawson Kroeker Investment Management Inc. NE Buys New Shares in Chubb Limited $CB

Lawson Kroeker Investment Management Inc. NE bought a new stake in Chubb Limited (NYSE:CB) in the third quarter, HoldingsChannel reports. The firm bought 48,521 shares of the financial services provider’s stock, valued at approximately $13,695,000. Chubb accounts for 2.5% of Lawson Kroeker Investment Management Inc. NE’s investment portfolio, making the stock its 12th biggest position.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Mitchell & Pahl Private Wealth LLC grew its stake in shares of Chubb by 0.5% in the third quarter. Mitchell & Pahl Private Wealth LLC now owns 7,381 shares of the financial services provider’s stock worth $2,083,000 after acquiring an additional 35 shares during the last quarter. Rise Advisors LLC raised its stake in Chubb by 4.6% during the 1st quarter. Rise Advisors LLC now owns 841 shares of the financial services provider’s stock worth $254,000 after acquiring an additional 37 shares during the period. Sky Investment Group LLC boosted 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 worth $694,000 after buying an additional 38 shares during the period. Evermay Wealth Management LLC grew its position in shares of Chubb by 2.3% during the second quarter. Evermay Wealth Management LLC now owns 1,684 shares of the financial services provider’s stock valued at $489,000 after purchasing an additional 38 shares in the last quarter. Finally, JT Stratford LLC lifted its holdings in shares of Chubb by 3.5% in the 2nd quarter. JT Stratford LLC now owns 1,127 shares of the financial services provider’s stock valued at $327,000 after acquiring an additional 38 shares during the last quarter. 83.81% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CB. The Goldman Sachs Group reiterated a “neutral” rating and issued a $309.00 price target on shares of Chubb in a report on Monday, October 27th. Wells Fargo & Company boosted their price target on shares of Chubb from $277.00 to $293.00 and gave the stock an “equal weight” rating in a report on Thursday, October 23rd. Jefferies Financial Group lifted their target price on shares of Chubb from $302.00 to $326.00 and gave the company a “hold” rating in a research report on Tuesday, December 16th. Barclays raised their target price on Chubb from $298.00 to $310.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. raised their price objective on Chubb from $321.00 to $327.00 and gave the company a “neutral” rating in a report on Thursday, October 9th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $311.90.

Insider Buying and Selling

In other Chubb news, EVP Joseph F. Wayland sold 5,830 shares of the business’s stock in a transaction 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 completion of the transaction, the executive vice president owned 60,593 shares of the company’s stock, valued at $18,000,968.44. The trade was a 8.78% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Timothy Alan Boroughs sold 850 shares of the stock in a transaction on Monday, November 24th. The shares were sold at an average price of $295.19, for a total transaction of $250,911.50. Following the completion of the sale, the executive vice president directly owned 1,585 shares of the company’s stock, valued at approximately $467,876.15. This trade represents a 34.91% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 57,333 shares of company stock valued at $16,629,873 over the last quarter. Corporate insiders own 0.86% of the company’s stock.

Chubb Price Performance

Shares of NYSE CB opened at $314.27 on Tuesday. Chubb Limited has a 1-year low of $252.16 and a 1-year high of $315.08. The stock has a fifty day moving average price of $295.39 and a 200 day moving average price of $283.69. The company has a market cap of $123.68 billion, a PE ratio of 13.12, a P/E/G ratio of 3.58 and a beta of 0.51. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.27 and a quick ratio of 0.27.

Chubb (NYSE:CB) last announced its quarterly earnings results on Tuesday, October 21st. The financial services provider reported $7.49 earnings per share for the quarter, beating analysts’ consensus estimates of $5.51 by $1.98. Chubb had a return on equity of 12.93% and a net margin of 16.53%.The business had revenue of $16.15 billion during the quarter, compared to analysts’ expectations of $12.95 billion. During the same quarter last year, the business posted $5.72 earnings per share. The business’s revenue for the quarter was up 7.5% on a year-over-year basis. Sell-side analysts forecast that Chubb Limited will post 21.52 EPS for the current year.

Chubb Announces Dividend

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

Chubb Profile

Chubb is a global property and casualty insurance company that underwrites a broad range of commercial and personal insurance products and related services. Its offerings include commercial property and casualty coverage, specialty liability, professional and management liability, cyber and technology insurance, marine and energy, surety, accident and health solutions, and high-net-worth personal lines such as homeowners, auto and valuables protection. Chubb serves businesses, individuals and institutions with tailored underwriting and risk-transfer solutions across multiple industry sectors.

In addition to core underwriting, Chubb provides risk engineering, loss control, claims management and risk consulting services intended to reduce loss severity and help clients manage exposures.