Willis Investment Counsel Boosts Stake in Chubb Limited (NYSE:CB)

Willis Investment Counsel grew its position in Chubb Limited (NYSE:CB) by 0.6% in the third quarter, according to its most recent filing with the SEC. The fund owned 145,943 shares of the financial services provider’s stock after acquiring an additional 822 shares during the period. Chubb accounts for approximately 2.7% of Willis Investment Counsel’s investment portfolio, making the stock its 6th biggest position. Willis Investment Counsel’s holdings in Chubb were worth $42,088,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Beacon Capital Management LLC grew its holdings in Chubb by 76.4% during the 2nd quarter. Beacon Capital Management LLC now owns 97 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 42 shares during the last quarter. Pathway Financial Advisers LLC bought a new stake in shares of Chubb in the first quarter worth $25,000. Chilton Capital Management LLC acquired a new stake in Chubb in the second quarter valued at $26,000. Wellington Shields Capital Management LLC bought a new position in Chubb during the 1st quarter worth $29,000. Finally, Kimelman & Baird LLC acquired a new position in Chubb during the 2nd quarter worth about $32,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Analyst Upgrades and Downgrades

CB has been the subject of a number of analyst reports. William Blair downgraded Chubb from a “market perform” rating to an “underperform” rating in a research report on Friday, June 28th. Royal Bank of Canada raised their price target on shares of Chubb from $285.00 to $295.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. Bank of America boosted their price target on shares of Chubb from $275.00 to $282.00 and gave the stock an “underperform” rating in a research report on Thursday. Keefe, Bruyette & Woods increased their price objective on shares of Chubb from $304.00 to $305.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th. Finally, Jefferies Financial Group boosted their target price on shares of Chubb from $294.00 to $295.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Chubb has a consensus rating of “Hold” and a consensus target price of $282.37.

Chubb Stock Performance

NYSE CB opened at $286.83 on Monday. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.20. The company has a fifty day simple moving average of $282.13 and a 200 day simple moving average of $266.78. Chubb Limited has a 12-month low of $205.64 and a 12-month high of $294.18. The company has a market cap of $116.47 billion, a P/E ratio of 12.73, a PEG ratio of 5.87 and a beta of 0.66.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, July 23rd. The financial services provider reported $5.38 EPS for the quarter, topping the consensus estimate of $5.04 by $0.34. Chubb had a net margin of 18.14% and a return on equity of 15.77%. The company had revenue of $13.36 billion during the quarter, compared to the consensus estimate of $13.04 billion. During the same period in the previous year, the firm posted $4.92 earnings per share. The firm’s revenue for the quarter was up 11.8% on a year-over-year basis. Sell-side analysts predict that Chubb Limited will post 21.32 earnings per share for the current fiscal year.

Chubb Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Friday, September 13th were issued a $0.91 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.27%. Chubb’s dividend payout ratio is presently 16.16%.

Insider Activity at Chubb

In other news, EVP Juan Luis Ortega sold 3,921 shares of the company’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $273.06, for a total value of $1,070,668.26. Following the completion of the sale, the executive vice president now owns 44,632 shares in the company, valued at $12,187,213.92. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Chubb news, CEO Evan G. Greenberg sold 30,537 shares of the business’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $287.25, for a total value of $8,771,753.25. Following the transaction, the chief executive officer now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Juan Luis Ortega sold 3,921 shares of the firm’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $273.06, for a total value of $1,070,668.26. Following the sale, the executive vice president now directly owns 44,632 shares of the company’s stock, valued at approximately $12,187,213.92. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 86,636 shares of company stock valued at $24,874,208 over the last 90 days. 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.