Great Diamond Partners LLC Makes New Investment in Chubb Limited (NYSE:CB)

Great Diamond Partners LLC purchased a new position in shares of Chubb Limited (NYSE:CB) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 858 shares of the financial services provider’s stock, valued at approximately $222,000.

A number of other large investors also recently bought and sold shares of CB. Modera Wealth Management LLC raised its stake in shares of Chubb by 6.7% in the 3rd quarter. Modera Wealth Management LLC now owns 1,456 shares of the financial services provider’s stock valued at $303,000 after acquiring an additional 92 shares during the period. Wedmont Private Capital raised its stake in shares of Chubb by 16.9% in the 4th quarter. Wedmont Private Capital now owns 4,363 shares of the financial services provider’s stock valued at $987,000 after acquiring an additional 630 shares during the period. Daymark Wealth Partners LLC raised its stake in shares of Chubb by 3.5% in the 4th quarter. Daymark Wealth Partners LLC now owns 21,308 shares of the financial services provider’s stock valued at $4,816,000 after acquiring an additional 711 shares during the period. Nordea Investment Management AB raised its stake in shares of Chubb by 0.5% in the 4th quarter. Nordea Investment Management AB now owns 1,155,882 shares of the financial services provider’s stock valued at $261,322,000 after acquiring an additional 5,430 shares during the period. Finally, Bowman & Co S.C. raised its stake in shares of Chubb by 6.4% in the 4th quarter. Bowman & Co S.C. now owns 8,984 shares of the financial services provider’s stock valued at $2,031,000 after acquiring an additional 538 shares during the period. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Insider Transactions at Chubb

In other news, CAO Annmarie T. Hagan sold 1,529 shares of the company’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $263.81, for a total value of $403,365.49. Following the completion of the sale, the chief accounting officer now directly owns 7,718 shares of the company’s stock, valued at approximately $2,036,085.58. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, COO John W. Keogh sold 34,707 shares of the stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $251.98, for a total transaction of $8,745,469.86. Following the completion of the sale, the chief operating officer now directly owns 284,136 shares of the company’s stock, valued at $71,596,589.28. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Annmarie T. Hagan sold 1,529 shares of the stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $263.81, for a total transaction of $403,365.49. Following the sale, the chief accounting officer now directly owns 7,718 shares of the company’s stock, valued at $2,036,085.58. The disclosure for this sale can be found here. In the last three months, insiders sold 47,552 shares of company stock valued at $12,149,985. Company insiders own 0.86% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Royal Bank of Canada reissued an “outperform” rating and issued a $285.00 target price on shares of Chubb in a research note on Friday, June 28th. Evercore ISI lifted their price target on shares of Chubb from $270.00 to $281.00 and gave the stock an “outperform” rating in a research note on Thursday, April 11th. William Blair downgraded shares of Chubb from a “market perform” rating to an “underperform” rating in a research note on Friday, June 28th. Roth Mkm reaffirmed a “buy” rating and set a $280.00 price target on shares of Chubb in a research note on Wednesday, April 24th. Finally, Morgan Stanley dropped their price target on shares of Chubb from $260.00 to $259.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 10th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $267.65.

Chubb Stock Performance

NYSE CB traded up $5.82 on Wednesday, hitting $267.47. The stock had a trading volume of 1,975,378 shares, compared to its average volume of 1,644,717. Chubb Limited has a one year low of $191.30 and a one year high of $275.41. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.21. The stock has a market cap of $108.61 billion, a price-to-earnings ratio of 11.85, a P/E/G ratio of 6.09 and a beta of 0.66. The company’s 50-day moving average is $261.00 and its two-hundred day moving average is $251.70.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, April 23rd. The financial services provider reported $5.41 EPS for the quarter, topping the consensus estimate of $5.29 by $0.12. Chubb had a net margin of 17.99% and a return on equity of 16.29%. The firm had revenue of $12.22 billion during the quarter, compared to analysts’ expectations of $11.75 billion. During the same quarter in the prior year, the firm earned $4.41 EPS. Chubb’s quarterly revenue was up 14.1% on a year-over-year basis. On average, analysts expect that Chubb Limited will post 20.93 earnings per share for the current year.

Chubb Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 5th. Stockholders of record on Friday, June 14th were paid a $0.91 dividend. This is a positive change from Chubb’s previous quarterly dividend of $0.86. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date of this dividend was Friday, June 14th. Chubb’s dividend payout ratio is currently 16.16%.

About Chubb

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.