Hazlett Burt & Watson Inc. Boosts Stock Position in Chubb Limited (NYSE:CB)

Hazlett Burt & Watson Inc. boosted its holdings in Chubb Limited (NYSE:CB) by 7.2% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 613 shares of the financial services provider’s stock after purchasing an additional 41 shares during the quarter. Hazlett Burt & Watson Inc.’s holdings in Chubb were worth $177,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Capital Research Global Investors boosted its stake in Chubb by 44.4% in the first quarter. Capital Research Global Investors now owns 6,713,331 shares of the financial services provider’s stock valued at $1,739,625,000 after acquiring an additional 2,064,730 shares in the last quarter. International Assets Investment Management LLC boosted its stake in Chubb by 28,885.3% in the third quarter. International Assets Investment Management LLC now owns 935,067 shares of the financial services provider’s stock valued at $2,696,640,000 after acquiring an additional 931,841 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in Chubb by 4,559.3% in the third quarter. Assenagon Asset Management S.A. now owns 844,832 shares of the financial services provider’s stock valued at $243,641,000 after acquiring an additional 826,700 shares in the last quarter. Capital World Investors boosted its stake in Chubb by 6.6% in the first quarter. Capital World Investors now owns 10,997,092 shares of the financial services provider’s stock valued at $2,849,677,000 after acquiring an additional 685,677 shares in the last quarter. Finally, Lazard Asset Management LLC boosted its stake in Chubb by 14.8% in the first quarter. Lazard Asset Management LLC now owns 3,543,763 shares of the financial services provider’s stock valued at $918,294,000 after acquiring an additional 457,881 shares in the last quarter. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Insider Transactions at Chubb

In other news, CEO Evan G. Greenberg sold 30,537 shares of the stock in a transaction on Friday, September 6th. The shares were sold at an average price of $287.25, for a total value of $8,771,753.25. Following the completion of the sale, the chief executive officer now owns 583,982 shares of the company’s stock, valued at $167,748,829.50. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Evan G. Greenberg sold 30,318 shares of the firm’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $289.60, for a total transaction of $8,780,092.80. Following the completion of the sale, the chief executive officer now directly owns 553,664 shares of the company’s stock, valued at approximately $160,341,094.40. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Evan G. Greenberg sold 30,537 shares of the firm’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $287.25, for a total transaction of $8,771,753.25. Following the sale, the chief executive officer now directly owns 583,982 shares of the company’s stock, valued at approximately $167,748,829.50. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 86,636 shares of company stock valued at $24,874,208 over the last 90 days. Corporate insiders own 0.86% of the company’s stock.

Chubb Price Performance

Shares of NYSE:CB opened at $276.08 on Tuesday. Chubb Limited has a 52 week low of $216.26 and a 52 week high of $302.05. The company has a quick ratio of 0.31, a current ratio of 0.28 and a debt-to-equity ratio of 0.21. The company has a market cap of $111.29 billion, a P/E ratio of 11.31, a PEG ratio of 6.64 and a beta of 0.67. The company has a 50-day moving average price of $288.24 and a 200 day moving average price of $271.22.

Chubb (NYSE:CB) last announced its earnings results on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.98 by $0.74. The firm had revenue of $13.83 billion for the quarter, compared to analyst estimates of $14.16 billion. Chubb had a net margin of 18.32% and a return on equity of 15.46%. Chubb’s revenue was up 5.5% compared to the same quarter last year. During the same quarter last year, the business earned $4.95 earnings per share. Research analysts predict that Chubb Limited will post 21.6 earnings per share for the current year.

Chubb Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Friday, September 13th were given a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 1.32%. The ex-dividend date was Friday, September 13th. Chubb’s payout ratio is currently 14.91%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Bank of America upped their price objective on shares of Chubb from $275.00 to $282.00 and gave the company an “underperform” rating in a research note on Thursday, October 10th. Keefe, Bruyette & Woods upped their price objective on shares of Chubb from $305.00 to $320.00 and gave the company an “outperform” rating in a research note on Friday. Royal Bank of Canada upped their price objective on shares of Chubb from $285.00 to $295.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Evercore ISI increased their target price on shares of Chubb from $289.00 to $293.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Finally, JMP Securities increased their target price on shares of Chubb from $300.00 to $325.00 and gave the stock a “market outperform” rating in a research note on Wednesday, October 30th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Chubb has an average rating of “Hold” and an average target price of $287.26.

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.