Waverly Advisors LLC Buys 3,680 Shares of Chubb Limited (NYSE:CB)

Waverly Advisors LLC boosted its position in Chubb Limited (NYSE:CB) by 237.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,232 shares of the financial services provider’s stock after buying an additional 3,680 shares during the period. Waverly Advisors LLC’s holdings in Chubb were worth $1,356,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Bard Financial Services Inc. boosted its position in shares of Chubb by 3.7% in the first quarter. Bard Financial Services Inc. now owns 1,130 shares of the financial services provider’s stock valued at $293,000 after acquiring an additional 40 shares during the period. Rossmore Private Capital boosted its holdings in Chubb by 1.6% in the 4th quarter. Rossmore Private Capital now owns 2,600 shares of the financial services provider’s stock valued at $588,000 after purchasing an additional 41 shares during the period. Equitable Trust Co. grew its position in shares of Chubb by 1.4% during the 1st quarter. Equitable Trust Co. now owns 2,986 shares of the financial services provider’s stock valued at $774,000 after purchasing an additional 41 shares in the last quarter. MCF Advisors LLC increased its holdings in shares of Chubb by 4.2% in the fourth quarter. MCF Advisors LLC now owns 1,046 shares of the financial services provider’s stock worth $237,000 after purchasing an additional 42 shares during the period. Finally, Angeles Investment Advisors LLC raised its position in shares of Chubb by 2.1% in the fourth quarter. Angeles Investment Advisors LLC now owns 2,027 shares of the financial services provider’s stock worth $460,000 after buying an additional 42 shares in the last quarter. 83.81% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. The Goldman Sachs Group upped their target price on Chubb from $228.00 to $254.00 and gave the stock a “neutral” rating in a research note on Friday, April 12th. StockNews.com cut shares of Chubb from a “buy” rating to a “hold” rating in a research report on Wednesday, April 24th. Royal Bank of Canada lifted their target price on shares of Chubb from $285.00 to $295.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. Keefe, Bruyette & Woods boosted their price target on shares of Chubb from $304.00 to $305.00 and gave the stock an “outperform” rating in a research note on Monday. Finally, JMP Securities raised their price objective on shares of Chubb from $280.00 to $300.00 and gave the company a “market outperform” rating in a research report on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $270.79.

Chubb Trading Up 1.8 %

Shares of CB opened at $276.66 on Wednesday. The stock has a market capitalization of $111.75 billion, a P/E ratio of 12.28, a PEG ratio of 5.20 and a beta of 0.66. The firm has a fifty day simple moving average of $262.41 and a two-hundred day simple moving average of $254.47. The company has a quick ratio of 0.29, a current ratio of 0.36 and a debt-to-equity ratio of 0.21. Chubb Limited has a twelve month low of $198.10 and a twelve month high of $277.91.

Chubb (NYSE:CB) last announced its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $5.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.04 by $0.34. Chubb had a return on equity of 15.77% and a net margin of 18.14%. The company had revenue of $13.36 billion for the quarter, compared to the consensus estimate of $13.04 billion. During the same quarter in the previous year, the business earned $4.92 EPS. Chubb’s revenue was up 11.8% compared to the same quarter last year. On average, research analysts anticipate that Chubb Limited will post 21.15 EPS for the current year.

Chubb Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 5th. Shareholders of record on Friday, June 14th were issued a $0.91 dividend. The ex-dividend date of this dividend was Friday, June 14th. This is a positive change from Chubb’s previous quarterly dividend of $0.86. This represents a $3.64 annualized dividend and a yield of 1.32%. Chubb’s dividend payout ratio is 16.16%.

Insider Activity

In related news, COO John W. Keogh sold 34,707 shares of the stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $251.98, for a total value of $8,745,469.86. Following the completion of the transaction, 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 legal filing with the SEC, which is available through this link. In related news, COO John W. Keogh sold 34,707 shares of Chubb stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $251.98, for a total transaction of $8,745,469.86. Following the sale, the chief operating officer now directly owns 284,136 shares in the company, valued at $71,596,589.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Peter C. Enns sold 8,200 shares of the stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $266.06, for a total value of $2,181,692.00. Following the completion of the transaction, the executive vice president now owns 45,853 shares of the company’s stock, valued at approximately $12,199,649.18. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 47,552 shares of company stock valued at $12,149,985. Corporate insiders own 0.86% of the company’s stock.

Chubb Company Profile

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.