Bradley Foster & Sargent Inc. CT Sells 2,546 Shares of Chubb Limited $CB

Bradley Foster & Sargent Inc. CT decreased its position in shares of Chubb Limited (NYSE:CB) by 2.8% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 87,550 shares of the financial services provider’s stock after selling 2,546 shares during the quarter. Bradley Foster & Sargent Inc. CT’s holdings in Chubb were worth $28,535,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of CB. Brighton Jones LLC grew its position in shares of Chubb by 12.8% during the fourth quarter. Brighton Jones LLC now owns 1,945 shares of the financial services provider’s stock worth $537,000 after purchasing an additional 221 shares in the last quarter. Revolve Wealth Partners LLC bought a new stake in Chubb during the 4th quarter valued at approximately $205,000. Woodline Partners LP lifted its holdings in Chubb by 13.0% in the 1st quarter. Woodline Partners LP now owns 12,599 shares of the financial services provider’s stock worth $3,805,000 after purchasing an additional 1,449 shares in the last quarter. Sivia Capital Partners LLC lifted its holdings in Chubb by 14.4% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,392 shares of the financial services provider’s stock worth $403,000 after purchasing an additional 175 shares in the last quarter. Finally, Sei Investments Co. boosted its stake in Chubb by 9.3% in the 2nd quarter. Sei Investments Co. now owns 201,226 shares of the financial services provider’s stock worth $58,305,000 after purchasing an additional 17,155 shares during the period. Institutional investors own 83.81% of the company’s stock.

Insiders Place Their Bets

In related news, COO John W. Keogh sold 23,000 shares of the business’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 sale, the chief operating officer owned 203,322 shares in the company, valued at approximately $65,370,056.22. The trade was a 10.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.37% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on CB shares. Keefe, Bruyette & Woods increased their price objective on shares of Chubb from $374.00 to $389.00 and gave the company an “outperform” rating in a report on Wednesday, July 8th. Citigroup reissued a “market outperform” rating on shares of Chubb in a report on Wednesday. Jefferies Financial Group dropped their target price on shares of Chubb from $356.00 to $352.00 and set a “hold” rating for the company in a research report on Thursday, April 23rd. Atlantic Securities set a $301.00 target price on shares of Chubb in a research note on Wednesday, July 15th. Finally, Wolfe Research lifted their price target on shares of Chubb from $372.00 to $373.00 and gave the company an “outperform” rating in a report on Monday, April 6th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $360.09.

Chubb Stock Performance

NYSE CB opened at $359.78 on Friday. The stock has a market capitalization of $139.55 billion, a PE ratio of 12.73, a P/E/G ratio of 1.80 and a beta of 0.40. The business has a 50 day simple moving average of $335.55 and a two-hundred day simple moving average of $327.09. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.36 and a quick ratio of 0.28. Chubb Limited has a 1-year low of $264.10 and a 1-year high of $365.29.

Chubb (NYSE:CB) last issued its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $7.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.77 by $0.49. The business had revenue of $16.01 billion for the quarter, compared to analysts’ expectations of $15.07 billion. Chubb had a return on equity of 14.47% and a net margin of 18.10%.The company’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same period in the prior year, the firm earned $6.14 EPS. On average, research analysts predict that Chubb Limited will post 27.15 EPS for the current fiscal year.

Chubb Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 2nd. Investors of record on Friday, June 12th were issued a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.1%. This is a boost from Chubb’s previous quarterly dividend of $0.97. The ex-dividend date of this dividend was Friday, June 12th. Chubb’s payout ratio is 14.43%.

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.