Stillwater Wealth Management Group Buys Shares of 5,652 Chubb Limited $CB

Stillwater Wealth Management Group bought a new position in Chubb Limited (NYSE:CB) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 5,652 shares of the financial services provider’s stock, valued at approximately $1,595,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Westbourne Investment Advisors Inc. increased its holdings in shares of Chubb by 12.3% in the third quarter. Westbourne Investment Advisors Inc. now owns 22,233 shares of the financial services provider’s stock worth $6,275,000 after acquiring an additional 2,427 shares in the last quarter. Sivia Capital Partners LLC raised its position in shares of Chubb by 166.3% during the third quarter. Sivia Capital Partners LLC now owns 3,707 shares of the financial services provider’s stock worth $1,046,000 after purchasing an additional 2,315 shares during the period. Caprock Group LLC bought a new position in shares of Chubb during the 3rd quarter valued at about $3,123,000. Liberty One Investment Management LLC acquired a new position in shares of Chubb in the 3rd quarter valued at approximately $51,167,000. Finally, Cooke & Bieler LP grew its position in shares of Chubb by 21.3% in the 3rd quarter. Cooke & Bieler LP now owns 606,011 shares of the financial services provider’s stock valued at $171,047,000 after purchasing an additional 106,237 shares during the period. 83.81% of the stock is owned by institutional investors.

Chubb Trading Down 0.8%

Shares of CB stock opened at $328.22 on Thursday. Chubb Limited has a 12-month low of $264.10 and a 12-month high of $345.67. The company has a market capitalization of $128.06 billion, a PE ratio of 12.76, a price-to-earnings-growth ratio of 2.07 and a beta of 0.46. The firm has a 50 day moving average price of $320.71 and a two-hundred day moving average price of $300.75. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.20.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, February 3rd. The financial services provider reported $7.52 EPS for the quarter, beating the consensus estimate of $6.33 by $1.19. Chubb had a net margin of 17.36% and a return on equity of 13.15%. The business had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $11.11 billion. During the same period in the prior year, the company posted $6.02 earnings per share. Chubb’s revenue was up 8.9% compared to the same quarter last year. As a group, analysts predict that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 6th. Shareholders of record on Friday, March 13th will be issued a $0.97 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a $3.88 annualized dividend and a yield of 1.2%. Chubb’s payout ratio is currently 15.08%.

Insiders Place Their Bets

In other news, CEO Evan G. Greenberg sold 15,060 shares of the company’s stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $331.47, for a total transaction of $4,991,938.20. Following the completion of the sale, the chief executive officer owned 511,576 shares of the company’s stock, valued at approximately $169,572,096.72. This represents a 2.86% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Timothy Alan Boroughs sold 27,817 shares of Chubb stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $331.98, for a total transaction of $9,234,687.66. Following the completion of the transaction, the executive vice president directly owned 11,810 shares in the company, valued at $3,920,683.80. This trade represents a 70.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Bank of America dropped their price target on Chubb from $279.00 to $259.00 and set an “underperform” rating on the stock in a research note on Friday, January 16th. BMO Capital Markets lifted their target price on Chubb from $283.00 to $326.00 and gave the company a “market perform” rating in a research report on Tuesday, February 10th. Mizuho boosted their target price on Chubb from $317.00 to $336.00 and gave the company a “neutral” rating in a research note on Friday, February 6th. Morgan Stanley set a $350.00 price target on Chubb in a research report on Friday, January 16th. Finally, Citizens Jmp reiterated a “market outperform” rating and issued a $350.00 price objective on shares of Chubb in a report on Wednesday, February 4th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $340.81.

About Chubb

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.