Ridgewood Investments LLC Grows Stock Holdings in Chubb Limited $CB

Ridgewood Investments LLC increased its stake in Chubb Limited (NYSE:CB) by 2,543.6% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,062 shares of the financial services provider’s stock after buying an additional 1,984 shares during the period. Ridgewood Investments LLC’s holdings in Chubb were worth $582,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Westbourne Investment Advisors Inc. grew its holdings in shares of Chubb by 12.3% during the third quarter. Westbourne Investment Advisors Inc. now owns 22,233 shares of the financial services provider’s stock valued at $6,275,000 after buying an additional 2,427 shares during the last quarter. Assetmark Inc. boosted its stake in Chubb by 14.1% during the 2nd quarter. Assetmark Inc. now owns 71,294 shares of the financial services provider’s stock valued at $20,655,000 after purchasing an additional 8,828 shares during the last quarter. Trifecta Capital Advisors LLC boosted its stake in Chubb by 764.7% during the 2nd quarter. Trifecta Capital Advisors LLC now owns 147 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 130 shares during the last quarter. Sivia Capital Partners LLC increased its holdings in shares of Chubb by 166.3% in the 3rd quarter. Sivia Capital Partners LLC now owns 3,707 shares of the financial services provider’s stock worth $1,046,000 after purchasing an additional 2,315 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC lifted its holdings in shares of Chubb by 28.4% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 57,794 shares of the financial services provider’s stock valued at $16,750,000 after purchasing an additional 12,784 shares in the last quarter. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Chubb Trading Up 0.2%

NYSE:CB opened at $300.70 on Friday. The firm has a market capitalization of $118.34 billion, a price-to-earnings ratio of 12.55, a price-to-earnings-growth ratio of 3.33 and a beta of 0.51. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.27 and a quick ratio of 0.27. The business has a fifty day moving average price of $303.83 and a 200-day moving average price of $286.40. Chubb Limited has a one year low of $263.14 and a one year high of $316.94.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, October 21st. The financial services provider reported $7.49 EPS for the quarter, topping the consensus estimate of $5.51 by $1.98. The firm had revenue of $16.15 billion for 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 revenue for the quarter was up 7.5% compared to the same quarter last year. During the same quarter last year, the company earned $5.72 earnings per share. Sell-side analysts forecast that Chubb Limited will post 21.52 EPS for the current year.

Chubb Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 2nd. Shareholders of record on Friday, December 12th were issued a dividend of $0.97 per share. The ex-dividend date of this dividend was Friday, December 12th. This represents a $3.88 annualized dividend and a yield of 1.3%. Chubb’s payout ratio is currently 16.19%.

Insiders Place Their Bets

In other news, EVP Joseph F. Wayland sold 5,830 shares of the business’s stock in a transaction dated Thursday, November 13th. The stock was sold at an average price of $297.08, for a total value of $1,731,976.40. Following the transaction, the executive vice president directly owned 60,593 shares in the company, valued at $18,000,968.44. The trade was a 8.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider John J. Lupica sold 23,698 shares of the company’s stock in a transaction dated Monday, October 27th. The stock was sold at an average price of $281.00, for a total value of $6,659,138.00. Following the completion of the transaction, the insider directly owned 90,600 shares of the company’s stock, valued at approximately $25,458,600. This trade represents a 20.73% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 57,333 shares of company stock worth $16,629,873 over the last three months. 0.77% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. UBS Group lifted their price objective on Chubb from $292.00 to $298.00 and gave the stock a “neutral” rating in a report on Monday, October 27th. Evercore ISI restated an “outperform” rating and set a $346.00 price objective on shares of Chubb in a research report on Wednesday, January 7th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $283.00 target price on shares of Chubb in a research report on Thursday, October 23rd. Citizens Jmp increased their price target on Chubb from $325.00 to $350.00 and gave the company a “market outperform” rating in a report on Friday, January 16th. Finally, JMP Securities reiterated a “market outperform” rating and set a $325.00 price objective on shares of Chubb in a research report on Wednesday, October 22nd. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Chubb has an average rating of “Moderate Buy” and a consensus target price of $323.81.

About Chubb

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.