Schwartz Investment Counsel Inc. Acquires 15,000 Shares of Chubb Limited $CB

Schwartz Investment Counsel Inc. increased its position in shares of Chubb Limited (NYSE:CB) by 8.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 200,050 shares of the financial services provider’s stock after purchasing an additional 15,000 shares during the period. Chubb accounts for 1.9% of Schwartz Investment Counsel Inc.’s portfolio, making the stock its 16th largest holding. Schwartz Investment Counsel Inc.’s holdings in Chubb were worth $57,958,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. GQG Partners LLC raised its position in shares of Chubb by 112.1% during the 1st quarter. GQG Partners LLC now owns 9,394,018 shares of the financial services provider’s stock valued at $2,836,899,000 after purchasing an additional 4,964,298 shares during the period. Ameriprise Financial Inc. raised its position in shares of Chubb by 6.9% during the 1st quarter. Ameriprise Financial Inc. now owns 4,696,682 shares of the financial services provider’s stock valued at $1,418,398,000 after purchasing an additional 304,751 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Chubb by 1.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,784,053 shares of the financial services provider’s stock valued at $840,756,000 after purchasing an additional 30,334 shares during the period. Nuveen LLC bought a new stake in shares of Chubb during the 1st quarter valued at $562,221,000. Finally, AQR Capital Management LLC raised its position in shares of Chubb by 19.6% during the 1st quarter. AQR Capital Management LLC now owns 1,410,449 shares of the financial services provider’s stock valued at $423,826,000 after purchasing an additional 231,404 shares during the period. 83.81% of the stock is currently owned by institutional investors.

Insider Activity at Chubb

In other Chubb news, Director Michael Corbat acquired 425 shares of the company’s stock in a transaction on Friday, July 25th. The stock was acquired at an average cost of $269.80 per share, with a total value of $114,665.00. Following the purchase, the director directly owned 2,450 shares of the company’s stock, valued at approximately $661,010. This represents a 20.99% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.86% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have recently commented on CB shares. Weiss Ratings restated a “buy (b)” rating on shares of Chubb in a research report on Wednesday, October 8th. Wolfe Research raised shares of Chubb to a “strong-buy” rating in a research note on Tuesday, September 16th. Cantor Fitzgerald raised shares of Chubb to a “hold” rating in a research note on Wednesday, August 13th. Hsbc Global Res cut shares of Chubb from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 1st. Finally, Wells Fargo & Company raised their target price on shares of Chubb from $267.00 to $277.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Chubb currently has a consensus rating of “Hold” and an average target price of $305.28.

Chubb Stock Performance

Shares of NYSE:CB opened at $268.16 on Tuesday. Chubb Limited has a 52 week low of $252.16 and a 52 week high of $306.91. The stock has a market capitalization of $106.91 billion, a P/E ratio of 11.83, a PEG ratio of 3.02 and a beta of 0.54. The firm has a fifty day simple moving average of $277.34 and a two-hundred day simple moving average of $280.85. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.18.

Chubb (NYSE:CB) last issued its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $6.14 EPS for the quarter, topping analysts’ consensus estimates of $5.84 by $0.30. Chubb had a net margin of 16.08% and a return on equity of 12.34%. The business had revenue of $14.20 billion during the quarter, compared to analysts’ expectations of $12.53 billion. During the same period last year, the company posted $5.38 EPS. The business’s revenue was up 6.3% on a year-over-year basis. On average, analysts expect that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 3rd. Shareholders of record on Friday, September 12th were paid a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Friday, September 12th. Chubb’s dividend payout ratio (DPR) is presently 17.12%.

Chubb Company 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.