Diversified Trust Co Has $17.34 Million Stock Holdings in Chubb Limited $CB

Diversified Trust Co reduced its position in shares of Chubb Limited (NYSE:CB) by 11.1% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 53,192 shares of the financial services provider’s stock after selling 6,643 shares during the period. Diversified Trust Co’s holdings in Chubb were worth $17,337,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CB. CBIZ Investment Advisory Services LLC increased its holdings in shares of Chubb by 148.5% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 82 shares of the financial services provider’s stock worth $26,000 after buying an additional 49 shares in the last quarter. KERR FINANCIAL PLANNING Corp bought a new position in shares of Chubb in the third quarter valued at approximately $31,000. Laurel Wealth Advisors LLC bought a new position in shares of Chubb in the fourth quarter valued at approximately $31,000. Ares Financial Consulting LLC acquired a new position in shares of Chubb in the 4th quarter worth approximately $32,000. Finally, Cherry Tree Wealth Management LLC boosted its holdings in shares of Chubb by 38.3% in the 4th quarter. Cherry Tree Wealth Management LLC now owns 112 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 31 shares in the last quarter. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Chubb Stock Performance

Shares of Chubb stock opened at $323.88 on Friday. The firm has a fifty day moving average of $324.70 and a two-hundred day moving average of $319.96. The stock has a market capitalization of $125.62 billion, a price-to-earnings ratio of 11.44, a PEG ratio of 1.65 and a beta of 0.41. Chubb Limited has a 52 week low of $264.10 and a 52 week high of $345.67. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.28 and a current ratio of 0.28.

Chubb (NYSE:CB) last released its earnings results on Tuesday, March 31st. The financial services provider reported $6.82 earnings per share for the quarter. Chubb had a return on equity of 14.30% and a net margin of 18.58%.The firm had revenue of $14.93 billion for the quarter. As a group, equities research analysts predict that Chubb Limited will post 26.8 EPS for the current year.

Chubb Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Stockholders of record on Friday, June 12th will be issued a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 1.3%. This is a boost from Chubb’s previous quarterly dividend of $0.97. The ex-dividend date is Friday, June 12th. Chubb’s dividend payout ratio is currently 14.41%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on CB. Jefferies Financial Group dropped their price target on Chubb from $356.00 to $352.00 and set a “hold” rating for the company in a report on Thursday, April 23rd. The Goldman Sachs Group decreased their target price on Chubb from $372.00 to $362.00 and set a “buy” rating on the stock in a report on Monday, June 8th. Barclays lowered their target price on Chubb from $375.00 to $368.00 and set an “equal weight” rating for the company in a research note on Friday, June 12th. Deutsche Bank Aktiengesellschaft lifted their price target on Chubb from $304.00 to $330.00 and gave the company a “hold” rating in a report on Monday, March 23rd. Finally, Citizens Jmp upped their price target on shares of Chubb from $350.00 to $365.00 and gave the stock a “market outperform” rating in a research report on Wednesday, April 22nd. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $349.10.

Insider Activity

In related news, COO John W. Keogh sold 23,000 shares of the company’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $321.51, for a total value of $7,394,730.00. Following the completion of the transaction, the chief operating officer directly owned 203,322 shares of the company’s stock, valued at approximately $65,370,056.22. This represents a 10.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.37% of the stock is owned by corporate insiders.

Chubb Company 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.