Wilkins Investment Counsel Inc. Reduces Stock Position in Chubb Limited $CB

Wilkins Investment Counsel Inc. decreased its position in Chubb Limited (NYSE:CB) by 2.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 75,467 shares of the financial services provider’s stock after selling 2,025 shares during the period. Chubb makes up approximately 3.4% of Wilkins Investment Counsel Inc.’s holdings, making the stock its 3rd biggest position. Wilkins Investment Counsel Inc.’s holdings in Chubb were worth $23,555,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Berkshire Hathaway Inc boosted its stake in Chubb by 15.9% in the 3rd quarter. Berkshire Hathaway Inc now owns 31,332,895 shares of the financial services provider’s stock worth $8,843,710,000 after purchasing an additional 4,299,111 shares in the last quarter. State Street Corp boosted its stake in Chubb by 0.4% in the 3rd quarter. State Street Corp now owns 17,045,793 shares of the financial services provider’s stock worth $4,827,852,000 after purchasing an additional 68,553 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in Chubb by 9.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 5,053,497 shares of the financial services provider’s stock worth $1,426,475,000 after purchasing an additional 427,512 shares in the last quarter. Bank of America Corp DE boosted its stake in Chubb by 11.6% in the 2nd quarter. Bank of America Corp DE now owns 4,929,858 shares of the financial services provider’s stock worth $1,428,278,000 after purchasing an additional 513,852 shares in the last quarter. Finally, AQR Capital Management LLC raised its position in Chubb by 75.1% in the 3rd quarter. AQR Capital Management LLC now owns 2,798,546 shares of the financial services provider’s stock worth $785,468,000 after buying an additional 1,199,963 shares during the last quarter. Institutional investors own 83.81% of the company’s stock.

Insider Activity

In other news, Director Olivier Steimer sold 2,000 shares of the company’s stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of $329.30, for a total transaction of $658,600.00. Following the completion of the sale, the director owned 25,468 shares of the company’s stock, valued at $8,386,612.40. This represents a 7.28% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Timothy Alan Boroughs sold 27,817 shares of the company’s stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $331.98, for a total transaction of $9,234,687.66. Following the sale, the executive vice president directly owned 11,810 shares of the company’s stock, valued at $3,920,683.80. The trade was a 70.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 44,877 shares of company stock valued at $14,885,226 in the last quarter. 0.37% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on CB shares. Weiss Ratings raised Chubb from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Monday, April 27th. Wolfe Research boosted their target price on Chubb from $372.00 to $373.00 and gave the stock an “outperform” rating in a research report on Monday, April 6th. Morgan Stanley set a $350.00 target price on Chubb in a research report on Friday, January 16th. Wells Fargo & Company boosted their target price on Chubb from $321.00 to $333.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 23rd. Finally, HSBC boosted their target price on Chubb from $362.00 to $370.00 and gave the stock a “buy” rating in a research report on Thursday, April 23rd. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $349.33.

Chubb Price Performance

NYSE CB opened at $326.39 on Friday. Chubb Limited has a 52 week low of $264.10 and a 52 week high of $345.67. The firm has a market capitalization of $126.59 billion, a P/E ratio of 11.52, a PEG ratio of 1.67 and a beta of 0.43. The company has a quick ratio of 0.27, a current ratio of 0.28 and a debt-to-equity ratio of 0.20. The company has a 50-day moving average price of $329.03 and a 200-day moving average price of $311.15.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, March 31st. The financial services provider reported $6.82 EPS for the quarter. Chubb had a net margin of 18.58% and a return on equity of 14.30%. The firm had revenue of $14.93 billion during the quarter. Equities research analysts anticipate that Chubb Limited will post 26.74 earnings per share for the current year.

Chubb Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 6th. Stockholders of record on Friday, March 13th were given a dividend of $0.97 per share. The ex-dividend date of this dividend was Friday, March 13th. This represents a $3.88 annualized dividend and a dividend yield of 1.2%. Chubb’s dividend payout ratio is presently 13.70%.

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.