Culbertson A N & Co. Inc. Invests $2.03 Million in Chubb Limited $CB

Culbertson A N & Co. Inc. acquired a new stake in Chubb Limited (NYSE:CB) in the 3rd quarter, Holdings Channel.com reports. The fund acquired 7,186 shares of the financial services provider’s stock, valued at approximately $2,028,000.

A number of other large investors have also added to or reduced their stakes in the business. Harbor Capital Advisors Inc. grew its holdings in Chubb by 93.6% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 91 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 44 shares during the last quarter. VSM Wealth Advisory LLC acquired a new position in shares of Chubb during the second quarter worth $32,000. Heartwood Wealth Advisors LLC bought a new stake in shares of Chubb in the third quarter worth $34,000. Maseco LLP bought a new stake in shares of Chubb in the second quarter worth $35,000. Finally, Financial Consulate Inc. acquired a new stake in Chubb in the third quarter valued at $37,000. Institutional investors own 83.81% of the company’s stock.

Insider Activity

In other news, EVP Joseph F. Wayland sold 5,830 shares of the stock in a transaction dated 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 transaction, the executive vice president owned 60,593 shares of the company’s stock, valued at $18,000,968.44. This represents a 8.78% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider John J. Lupica sold 23,698 shares of the business’s stock in a transaction dated 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 directly owned 90,600 shares of the company’s stock, valued at $25,458,600. The trade was a 20.73% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 57,333 shares of company stock worth $16,629,873. Company insiders own 0.77% of the company’s stock.

Chubb Price Performance

Shares of CB opened at $306.75 on Friday. The firm has a market cap of $120.72 billion, a PE ratio of 12.80, a price-to-earnings-growth ratio of 3.21 and a beta of 0.51. Chubb Limited has a 52-week low of $252.16 and a 52-week high of $316.94. The business’s 50 day moving average price is $301.38 and its two-hundred day moving average price is $285.35. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.27 and a current ratio of 0.27.

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

Chubb Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 2nd. Shareholders of record on Friday, December 12th were paid a $0.97 dividend. This represents a $3.88 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Friday, December 12th. Chubb’s payout ratio is 16.19%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on CB shares. Morgan Stanley set a $310.00 target price on Chubb in a report on Tuesday, December 16th. Citigroup lifted their price objective on Chubb from $331.00 to $335.00 and gave the stock a “buy” rating in a research note on Tuesday, December 2nd. Deutsche Bank Aktiengesellschaft upped their target price on Chubb from $303.00 to $304.00 and gave the company a “hold” rating in a report on Monday, November 24th. Weiss Ratings restated a “buy (b+)” rating on shares of Chubb in a report on Monday, December 29th. Finally, Jefferies Financial Group upped their price objective on shares of Chubb from $302.00 to $326.00 and gave the company a “hold” rating in a research note on Tuesday, December 16th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $318.00.

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.