Hamel Associates Inc. Has $10.88 Million Stock Holdings in Chubb Limited $CB

Hamel Associates Inc. lowered its holdings in shares of Chubb Limited (NYSE:CB) by 1.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,544 shares of the financial services provider’s stock after selling 699 shares during the quarter. Chubb makes up 3.7% of Hamel Associates Inc.’s portfolio, making the stock its 7th biggest holding. Hamel Associates Inc.’s holdings in Chubb were worth $10,878,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of CB. Modern Wealth Management LLC lifted its stake in Chubb by 6.2% in the first quarter. Modern Wealth Management LLC now owns 2,464 shares of the financial services provider’s stock worth $744,000 after acquiring an additional 143 shares during the period. Assetmark Inc. increased its position 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 period. Trifecta Capital Advisors LLC raised its holdings in shares of Chubb by 764.7% in 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 in the last quarter. Jump Financial LLC lifted its position in shares of Chubb by 633.6% in the 1st quarter. Jump Financial LLC now owns 8,180 shares of the financial services provider’s stock worth $2,470,000 after purchasing an additional 7,065 shares during the period. Finally, Investment Partners Asset Management Inc. boosted its stake in shares of Chubb by 19.3% during the second quarter. Investment Partners Asset Management Inc. now owns 1,789 shares of the financial services provider’s stock valued at $518,000 after purchasing an additional 290 shares in the last quarter. 83.81% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Chubb news, EVP Timothy Alan Boroughs sold 850 shares of the company’s stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of $295.19, for a total transaction of $250,911.50. Following the transaction, the executive vice president owned 1,585 shares in the company, valued at approximately $467,876.15. This represents a 34.91% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider John J. Lupica sold 16,375 shares of the firm’s stock in a transaction on Friday, November 14th. The stock was 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 of the company’s stock, valued at approximately $22,004,001.25. This represents a 18.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 57,333 shares of company stock valued at $16,629,873. Insiders own 0.77% of the company’s stock.

Chubb Stock Down 0.5%

Chubb stock opened at $296.37 on Friday. Chubb Limited has a 1-year low of $252.16 and a 1-year high of $306.91. The business has a fifty day moving average price of $284.54 and a 200-day moving average price of $281.57. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.27 and a quick ratio of 0.28. The stock has a market capitalization of $116.63 billion, a price-to-earnings ratio of 12.37, a PEG ratio of 2.74 and a beta of 0.58.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, October 21st. The financial services provider reported $7.49 EPS for the quarter, beating 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%.The firm’s revenue was up 7.5% compared to the same quarter last year. During the same period last year, the business posted $5.72 earnings per share. Equities research analysts forecast that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on CB shares. JPMorgan Chase & Co. boosted their price objective on shares of Chubb from $321.00 to $327.00 and gave the stock a “neutral” rating in a research note on Thursday, October 9th. Bank of America lifted their price target on Chubb from $276.00 to $279.00 and gave the company an “underperform” rating in a report on Monday, October 13th. BMO Capital Markets restated a “market perform” rating and set a $283.00 price objective on shares of Chubb in a research note on Thursday, October 23rd. JMP Securities reaffirmed a “market outperform” rating and set a $325.00 price objective on shares of Chubb in a research report on Wednesday, October 22nd. Finally, The Goldman Sachs Group reiterated a “neutral” rating and issued a $309.00 target price on shares of Chubb in a report on Monday, October 27th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Chubb currently has an average rating of “Hold” and an average price target of $308.11.

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.