Marble Harbor Investment Counsel LLC Has $3.65 Million Holdings in Chubb Limited $CB

Marble Harbor Investment Counsel LLC lessened its holdings in Chubb Limited (NYSE:CB) by 9.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 12,611 shares of the financial services provider’s stock after selling 1,300 shares during the quarter. Marble Harbor Investment Counsel LLC’s holdings in Chubb were worth $3,654,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Brighton Jones LLC grew its position in shares of Chubb by 12.8% during the 4th quarter. Brighton Jones LLC now owns 1,945 shares of the financial services provider’s stock worth $537,000 after buying an additional 221 shares during the period. Revolve Wealth Partners LLC bought a new position in Chubb during the 4th quarter worth approximately $205,000. Stephens Inc. AR boosted its stake in Chubb by 5.9% during the 1st quarter. Stephens Inc. AR now owns 15,160 shares of the financial services provider’s stock worth $4,578,000 after acquiring an additional 850 shares during the last quarter. CWM LLC increased its stake in Chubb by 22.1% in the first quarter. CWM LLC now owns 22,432 shares of the financial services provider’s stock valued at $6,774,000 after purchasing an additional 4,053 shares in the last quarter. Finally, Signaturefd LLC increased its stake in Chubb by 2.2% in the first quarter. Signaturefd LLC now owns 6,099 shares of the financial services provider’s stock valued at $1,842,000 after purchasing an additional 133 shares in the last quarter. 83.81% of the stock is owned by institutional investors.

Chubb Stock Performance

CB opened at $292.30 on Wednesday. The business’s 50-day simple moving average is $279.37 and its 200 day simple moving average is $280.68. Chubb Limited has a 52-week low of $252.16 and a 52-week high of $306.91. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.28 and a current ratio of 0.27. The firm has a market capitalization of $115.04 billion, a PE ratio of 12.20, a PEG ratio of 2.74 and a beta of 0.58.

Chubb (NYSE:CB) last posted its quarterly earnings results on Tuesday, October 21st. The financial services provider reported $7.49 earnings per share for the quarter, topping the consensus estimate of $5.51 by $1.98. The firm had revenue of $14.87 billion for the quarter, compared to analyst estimates of $12.95 billion. Chubb had a return on equity of 12.93% and a net margin of 16.53%.The business’s quarterly 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. As a group, sell-side analysts expect that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 3rd. Stockholders of record on Friday, September 12th were issued 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 of this dividend was Friday, September 12th. Chubb’s dividend payout ratio is presently 16.19%.

Analyst Ratings Changes

A number of research firms have issued reports on CB. Wells Fargo & Company boosted their target price on Chubb from $277.00 to $293.00 and gave the company an “equal weight” rating in a research note on Thursday, October 23rd. Citigroup increased their target price on Chubb from $326.00 to $331.00 and gave the stock a “buy” rating in a research note on Friday, October 24th. Jefferies Financial Group lifted their price target on shares of Chubb from $297.00 to $302.00 and gave the company a “hold” rating in a research note on Thursday, October 23rd. Weiss Ratings reissued a “buy (b)” rating on shares of Chubb in a research report on Wednesday, October 8th. Finally, Barclays boosted their price objective on shares of Chubb from $298.00 to $310.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Chubb has an average rating of “Hold” and an average target price of $307.79.

Insider Transactions at Chubb

In related news, insider John J. Lupica sold 23,698 shares of Chubb stock in a transaction dated Monday, October 27th. The stock was sold at an average price of $281.00, for a total transaction of $6,659,138.00. Following the completion of the transaction, the insider owned 90,600 shares in the company, valued at approximately $25,458,600. This trade represents a 20.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.86% of the company’s stock.

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.