Boston Trust Walden Corp Reduces Position in Chubb Limited $CB

Boston Trust Walden Corp trimmed its position in Chubb Limited (NYSE:CB) by 6.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 305,399 shares of the financial services provider’s stock after selling 21,956 shares during the period. Chubb accounts for approximately 0.8% of Boston Trust Walden Corp’s investment portfolio, making the stock its 22nd biggest holding. Boston Trust Walden Corp’s holdings in Chubb were worth $99,539,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CB. Brighton Jones LLC grew its stake in Chubb by 12.8% during the 4th quarter. Brighton Jones LLC now owns 1,945 shares of the financial services provider’s stock valued at $537,000 after purchasing an additional 221 shares during the last quarter. Revolve Wealth Partners LLC acquired a new stake in shares of Chubb during the fourth quarter worth about $205,000. Woodline Partners LP boosted its position in Chubb by 13.0% in the first quarter. Woodline Partners LP now owns 12,599 shares of the financial services provider’s stock valued at $3,805,000 after buying an additional 1,449 shares during the last quarter. Sivia Capital Partners LLC increased 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 buying an additional 175 shares during the period. Finally, Sei Investments Co. increased its holdings 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 buying an additional 17,155 shares during the period. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Chubb Stock Performance

CB opened at $360.89 on Friday. The firm has a fifty day moving average price of $326.70 and a 200 day moving average price of $322.79. Chubb Limited has a 1 year low of $264.10 and a 1 year high of $361.33. The stock has a market cap of $139.98 billion, a P/E ratio of 12.74, a P/E/G ratio of 1.80 and a beta of 0.40. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.28 and a quick ratio of 0.28.

Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, March 31st. The financial services provider reported $6.82 earnings per share for the quarter. The company had revenue of $14.93 billion during the quarter. Chubb had a net margin of 18.58% and a return on equity of 14.30%. Equities research analysts anticipate that Chubb Limited will post 26.77 earnings per share for the current year.

Chubb Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 2nd. Investors of record on Friday, June 12th were paid a $1.02 dividend. The ex-dividend date was Friday, June 12th. This represents a $4.08 annualized dividend and a dividend yield of 1.1%. This is a boost from Chubb’s previous quarterly dividend of $0.97. Chubb’s dividend payout ratio (DPR) is presently 14.41%.

Analysts Set New Price Targets

Several analysts have commented on CB shares. Wells Fargo & Company lifted their price objective on shares of Chubb from $321.00 to $333.00 and gave the company an “equal weight” rating in a research note on Thursday, April 23rd. Piper Sandler raised their target price on shares of Chubb from $328.00 to $340.00 and gave the stock a “neutral” rating in a report on Tuesday, May 26th. The Goldman Sachs Group boosted their target price on shares of Chubb from $362.00 to $386.00 and gave the company a “buy” rating in a research report on Wednesday. JPMorgan Chase & Co. upped their price target on shares of Chubb from $330.00 to $340.00 and gave the company a “neutral” rating in a report on Monday, April 20th. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and set a $315.00 price target on shares of Chubb in a research report on Wednesday, April 22nd. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $350.24.

Insiders Place Their Bets

In related news, COO John W. Keogh sold 23,000 shares of the company’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $321.51, for a total value of $7,394,730.00. Following the completion of the transaction, the chief operating officer owned 203,322 shares of the company’s stock, valued at approximately $65,370,056.22. This represents a 10.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.37% of the company’s stock.

Chubb 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.