Chubb Limited $CB Stock Holdings Lifted by Ironwood Investment Counsel LLC

Ironwood Investment Counsel LLC lifted its stake in shares of Chubb Limited (NYSE:CB) by 58.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,419 shares of the financial services provider’s stock after acquiring an additional 892 shares during the quarter. Ironwood Investment Counsel LLC’s holdings in Chubb were worth $701,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. IMA Advisory Services Inc. purchased a new stake in shares of Chubb during the first quarter valued at $31,000. 1248 Management LLC purchased a new position in Chubb in the 1st quarter worth about $31,000. WPG Advisers LLC acquired a new stake in Chubb during the 1st quarter worth about $33,000. Clal Insurance Enterprises Holdings Ltd raised its holdings in Chubb by 391.7% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 118 shares of the financial services provider’s stock worth $36,000 after buying an additional 94 shares during the period. Finally, Maseco LLP purchased a new stake in Chubb during the second quarter valued at about $35,000. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, insider John J. Lupica sold 23,698 shares of the company’s stock in a transaction on Monday, October 27th. The shares were sold at an average price of $281.00, for a total value of $6,659,138.00. Following the completion of the sale, the insider directly owned 90,600 shares in the company, valued at approximately $25,458,600. This represents a 20.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.86% of the company’s stock.

Analyst Ratings Changes

CB has been the topic of several analyst reports. Morgan Stanley dropped their target price on shares of Chubb from $300.00 to $295.00 and set an “equal weight” rating on the stock in a research report on Monday, August 18th. Jefferies Financial Group raised their price objective on shares of Chubb from $297.00 to $302.00 and gave the stock a “hold” rating in a research note on Thursday, October 23rd. Cantor Fitzgerald reiterated a “neutral” rating and set a $300.00 price objective on shares of Chubb in a research report on Monday, October 27th. Bank of America boosted their target price on shares of Chubb from $276.00 to $279.00 and gave the company an “underperform” rating in a research note on Monday, October 13th. Finally, Evercore ISI raised their target price on Chubb from $312.00 to $315.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 1st. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $307.79.

Chubb Price Performance

Shares of NYSE:CB opened at $292.30 on Wednesday. The company has a current ratio of 0.27, a quick ratio of 0.28 and a debt-to-equity ratio of 0.20. Chubb Limited has a 1 year low of $252.16 and a 1 year high of $306.91. The business has a fifty day simple moving average of $279.37 and a 200 day simple moving average of $280.68. The firm has a market cap of $115.04 billion, a price-to-earnings ratio of 12.20, a P/E/G ratio of 2.74 and a beta of 0.58.

Chubb (NYSE:CB) last posted its quarterly earnings results on Tuesday, October 21st. The financial services provider reported $7.49 earnings per share for the quarter, topping analysts’ consensus estimates of $5.51 by $1.98. The company had revenue of $14.87 billion during the quarter, compared to the consensus estimate of $12.95 billion. Chubb had a return on equity of 12.93% and a net margin of 16.53%.The business’s quarterly revenue was up 7.5% on a year-over-year basis. During the same period last year, the business earned $5.72 EPS. As a group, sell-side analysts predict that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 3rd. Stockholders of record on Friday, September 12th were issued a dividend of $0.97 per share. The ex-dividend date was Friday, September 12th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.3%. Chubb’s dividend payout ratio (DPR) is currently 16.19%.

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.