Chubb Limited $CB Stock Acquired by ZWJ Investment Counsel Inc.

ZWJ Investment Counsel Inc. grew its holdings in Chubb Limited (NYSE:CB) by 2.8% in the 3rd quarter, HoldingsChannel reports. The firm owned 205,424 shares of the financial services provider’s stock after purchasing an additional 5,670 shares during the quarter. Chubb makes up 1.9% of ZWJ Investment Counsel Inc.’s holdings, making the stock its 18th biggest holding. ZWJ Investment Counsel Inc.’s holdings in Chubb were worth $66,814,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in the business. Berkshire Hathaway Inc purchased a new stake in Chubb during the 2nd quarter worth approximately $11,670,067,000. BlackRock Inc. acquired a new stake in Chubb during the 2nd quarter worth approximately $9,913,336,000. GQG Partners LLC acquired a new stake in Chubb during the 2nd quarter worth approximately $4,250,113,000. Bank of America Corp DE boosted its position in Chubb by 3.1% in the 1st quarter. Bank of America Corp DE now owns 4,908,624 shares of the financial services provider’s stock valued at $1,599,868,000 after buying an additional 147,876 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in Chubb by 74.3% in the 1st quarter. Bank of New York Mellon Corp now owns 3,420,692 shares of the financial services provider’s stock valued at $1,114,906,000 after buying an additional 1,457,992 shares during the period. Institutional investors and hedge funds own 83.81% of the company’s stock.

Insider Buying and Selling

In other news, Director Michael Connors sold 5,500 shares of the firm’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $345.00, for a total value of $1,897,500.00. Following the sale, the director directly owned 12,803 shares in the company, valued at approximately $4,417,035. This trade represents a 30.05% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Joseph F. Wayland sold 8,502 shares of the firm’s stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $364.54, for a total transaction of $3,099,319.08. Following the completion of the sale, the executive vice president owned 33,749 shares in the company, valued at $12,302,860.46. The trade was a 20.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.37% of the company’s stock.

Chubb Stock Up 1.1%

Shares of NYSE:CB opened at $350.05 on Thursday. The firm’s 50 day moving average price is $340.26 and its 200 day moving average price is $335.98. The stock has a market cap of $135.05 billion, a price-to-earnings ratio of 12.38, a price-to-earnings-growth ratio of 1.52 and a beta of 0.36. Chubb Limited has a fifty-two week low of $265.30 and a fifty-two week high of $365.91. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.22.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $7.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.77 by $0.49. Chubb had a net margin of 18.10% and a return on equity of 14.47%. The company had revenue of $11.97 billion during the quarter, compared to the consensus estimate of $15.07 billion. During the same quarter in the previous year, the firm earned $6.14 earnings per share. The firm’s quarterly revenue was up 3.6% on a year-over-year basis. As a group, equities research analysts predict that Chubb Limited will post 27.68 earnings per share for the current fiscal year.

Chubb Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Friday, September 11th were given a $1.02 dividend. The ex-dividend date of this dividend was Friday, September 11th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.2%. Chubb’s dividend payout ratio is currently 14.43%.

Analysts Set New Price Targets

Several research firms have commented on CB. Citigroup restated a “market outperform” rating on shares of Chubb in a research note on Wednesday, July 22nd. Citizens Jmp reaffirmed a “market outperform” rating and set a $400.00 price objective on shares of Chubb in a research report on Wednesday, July 22nd. Evercore reiterated an “outperform” rating and issued a $374.00 price objective on shares of Chubb in a research note on Friday, July 10th. Barclays set a $387.00 target price on Chubb in a report on Tuesday, July 7th. Finally, Wells Fargo & Company decreased their target price on Chubb from $356.00 to $343.00 and set an “equal weight” rating for the company in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $358.36.

Chubb Profile

Chubb Limited (NYSE: CB) is a global insurance company that provides property and casualty, accident and health, life, and reinsurance products and services. Its offerings serve individuals, businesses, multinational corporations, and institutional customers.

The company provides commercial and personal property and casualty coverage, including general liability, commercial property, professional liability, cyber insurance, workers’ compensation, homeowners insurance, automobile coverage, and specialty insurance.