Chubb Limited $CB Shares Acquired by Johnson Investment Counsel Inc.

Johnson Investment Counsel Inc. increased its position in Chubb Limited (NYSE:CB) by 12.5% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,742 shares of the financial services provider’s stock after acquiring an additional 1,743 shares during the period. Johnson Investment Counsel Inc.’s holdings in Chubb were worth $4,561,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of CB. Opal Wealth Advisors LLC acquired a new stake in Chubb during the 1st quarter valued at $25,000. North Capital Inc. acquired a new stake in Chubb during the 1st quarter valued at $26,000. IMA Advisory Services Inc. acquired a new stake in Chubb during the 1st quarter valued at $31,000. 1248 Management LLC acquired a new stake in Chubb during the 1st quarter valued at $31,000. Finally, WPG Advisers LLC acquired a new stake in Chubb during the 1st quarter valued at $33,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Chubb Trading Down 0.4%

Shares of Chubb stock opened at $283.08 on Monday. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.18. The firm has a market cap of $112.86 billion, a PE ratio of 12.49, a P/E/G ratio of 3.18 and a beta of 0.54. The business’s fifty day moving average is $276.67 and its two-hundred day moving average is $281.80. Chubb Limited has a fifty-two week low of $252.16 and a fifty-two week high of $306.91.

Chubb (NYSE:CB) last issued its earnings results on Tuesday, July 22nd. The financial services provider reported $6.14 earnings per share for the quarter, topping the consensus estimate of $5.84 by $0.30. The business had revenue of $14.20 billion for the quarter, compared to analyst estimates of $12.53 billion. Chubb had a return on equity of 12.34% and a net margin of 16.08%.The business’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period last year, the company posted $5.38 EPS. Analysts anticipate that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 3rd. Investors of record on Friday, September 12th were given a $0.97 dividend. This represents a $3.88 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend was Friday, September 12th. Chubb’s dividend payout ratio (DPR) is 17.12%.

Analyst Ratings Changes

CB has been the topic of a number of analyst reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Chubb in a report on Wednesday, October 8th. Keefe, Bruyette & Woods increased their target price on Chubb from $324.00 to $333.00 and gave the company an “outperform” rating in a report on Monday, October 6th. Morgan Stanley reduced their price target on Chubb from $300.00 to $295.00 and set an “equal weight” rating on the stock in a research note on Monday, August 18th. HSBC lowered Chubb from a “buy” rating to a “hold” rating and reduced their price target for the stock from $317.00 to $300.00 in a research note on Friday, August 1st. Finally, Barclays increased their price target on Chubb from $298.00 to $310.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and twelve have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $306.82.

Insider Buying and Selling at Chubb

In other news, Director Michael Corbat bought 425 shares of the business’s stock in a transaction that occurred on Friday, July 25th. The shares were acquired at an average cost of $269.80 per share, with a total value of $114,665.00. Following the transaction, the director owned 2,450 shares of the company’s stock, valued at $661,010. This represents a 20.99% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.86% of the company’s stock.

Chubb 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.