Culbertson A N & Co. Inc. Invests $2.03 Million in Chubb Limited $CB

Culbertson A N & Co. Inc. purchased a new stake in Chubb Limited (NYSE:CB) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 7,186 shares of the financial services provider’s stock, valued at approximately $2,028,000.

Several other large investors have also recently bought and sold shares of CB. Mitchell & Pahl Private Wealth LLC grew its position in shares of Chubb by 0.5% in the third quarter. Mitchell & Pahl Private Wealth LLC now owns 7,381 shares of the financial services provider’s stock valued at $2,083,000 after purchasing an additional 35 shares during the last quarter. Sky Investment Group LLC boosted its stake in Chubb by 1.6% in the 2nd quarter. Sky Investment Group LLC now owns 2,397 shares of the financial services provider’s stock valued at $694,000 after purchasing an additional 38 shares during the period. Evermay Wealth Management LLC boosted its position in shares of Chubb by 2.3% in the second quarter. Evermay Wealth Management LLC now owns 1,684 shares of the financial services provider’s stock valued at $489,000 after acquiring an additional 38 shares during the period. JT Stratford LLC grew its stake in shares of Chubb by 3.5% in the second quarter. JT Stratford LLC now owns 1,127 shares of the financial services provider’s stock valued at $327,000 after acquiring an additional 38 shares in the last quarter. Finally, Jacobsen Capital Management increased its position in Chubb by 5.3% during the second quarter. Jacobsen Capital Management now owns 773 shares of the financial services provider’s stock worth $224,000 after acquiring an additional 39 shares during the period. 83.81% of the stock is owned by institutional investors.

Insider Activity at Chubb

In related news, insider John J. Lupica sold 16,375 shares of the company’s stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of $296.45, for a total transaction of $4,854,368.75. Following the completion of the transaction, the insider directly owned 74,225 shares in the company, valued at $22,004,001.25. This represents a 18.07% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Joseph F. Wayland sold 5,830 shares of the stock in a transaction that occurred on Thursday, November 13th. The shares were sold at an average price of $297.08, for a total transaction of $1,731,976.40. Following the completion of the transaction, the executive vice president directly owned 60,593 shares of the company’s stock, valued at approximately $18,000,968.44. The trade was a 8.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 57,333 shares of company stock valued at $16,629,873. 0.77% of the stock is owned by insiders.

Chubb Trading Down 2.0%

Shares of CB stock opened at $306.75 on Friday. Chubb Limited has a fifty-two week low of $252.16 and a fifty-two week high of $316.94. The stock’s fifty day moving average price is $301.38 and its two-hundred day moving average price is $285.35. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.27 and a current ratio of 0.27. The company has a market cap of $120.72 billion, a PE ratio of 12.80, a P/E/G ratio of 3.21 and a beta of 0.51.

Chubb (NYSE:CB) last posted its quarterly earnings results on Tuesday, October 21st. The financial services provider reported $7.49 EPS for the quarter, topping analysts’ consensus estimates of $5.51 by $1.98. The company had revenue of $16.15 billion during the quarter, compared to analysts’ expectations of $12.95 billion. Chubb had a return on equity of 12.93% and a net margin of 16.53%.Chubb’s revenue was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $5.72 EPS. Equities analysts predict that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 2nd. Stockholders of record on Friday, December 12th were paid a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Friday, December 12th. Chubb’s dividend payout ratio (DPR) is presently 16.19%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on CB shares. Deutsche Bank Aktiengesellschaft increased their target price on shares of Chubb from $303.00 to $304.00 and gave the stock a “hold” rating in a research report on Monday, November 24th. Mizuho started coverage on Chubb in a research report on Monday, December 15th. They set a “neutral” rating and a $318.00 price target on the stock. JMP Securities reaffirmed a “market outperform” rating and issued a $325.00 price objective on shares of Chubb in a report on Wednesday, October 22nd. Jefferies Financial Group upped their target price on Chubb from $302.00 to $326.00 and gave the company a “hold” rating in a research report on Tuesday, December 16th. Finally, JPMorgan Chase & Co. raised their price target on Chubb from $321.00 to $327.00 and gave the stock a “neutral” rating in a research report on Thursday, October 9th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $318.00.

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.