ZWJ Investment Counsel Inc. Has $53.26 Million Holdings in Chubb Limited $CB

ZWJ Investment Counsel Inc. increased its stake in shares of Chubb Limited (NYSE:CB) by 1.0% during the third quarter, HoldingsChannel reports. The fund owned 188,712 shares of the financial services provider’s stock after acquiring an additional 1,809 shares during the quarter. Chubb makes up about 1.9% of ZWJ Investment Counsel Inc.’s portfolio, making the stock its 18th biggest holding. ZWJ Investment Counsel Inc.’s holdings in Chubb were worth $53,264,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Harbor Capital Advisors Inc. lifted its stake in shares of Chubb by 93.6% in the third quarter. Harbor Capital Advisors Inc. now owns 91 shares of the financial services provider’s stock valued at $26,000 after buying an additional 44 shares during the period. 1248 Management LLC bought a new position in Chubb during the first quarter valued at about $31,000. VSM Wealth Advisory LLC bought a new position in Chubb during the second quarter valued at about $32,000. WPG Advisers LLC acquired a new position in Chubb in the 1st quarter valued at approximately $33,000. Finally, Heartwood Wealth Advisors LLC bought a new stake in shares of Chubb in the 3rd quarter worth approximately $34,000. Institutional investors own 83.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. The Goldman Sachs Group restated a “neutral” rating and set a $309.00 price objective on shares of Chubb in a research report on Monday, October 27th. Barclays lifted their price target on shares of Chubb from $298.00 to $310.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 8th. Weiss Ratings reissued a “buy (b+)” rating on shares of Chubb in a report on Monday. Morgan Stanley set a $310.00 price objective on shares of Chubb in a report on Tuesday, December 16th. Finally, HSBC lifted their target price on shares of Chubb from $302.00 to $304.00 in a research report on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $311.90.

Insider Activity

In related news, insider John J. Lupica sold 23,698 shares of the firm’s stock in a transaction dated Monday, October 27th. The stock was sold at an average price of $281.00, for a total value of $6,659,138.00. Following the sale, the insider directly owned 90,600 shares of the company’s stock, valued at $25,458,600. This trade represents a 20.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Joseph F. Wayland sold 5,830 shares of the stock in a transaction dated Thursday, November 13th. The stock was 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 $18,000,968.44. This trade represents a 8.78% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 57,333 shares of company stock valued at $16,629,873 in the last quarter. Company insiders own 0.77% of the company’s stock.

Chubb Price Performance

Shares of CB opened at $313.32 on Thursday. The stock has a market cap of $123.31 billion, a P/E ratio of 13.08, a price-to-earnings-growth ratio of 3.58 and a beta of 0.51. The stock’s 50-day moving average price is $292.66 and its two-hundred day moving average price is $283.17. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.20. Chubb Limited has a 1 year low of $252.16 and a 1 year high of $314.40.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, October 21st. The financial services provider reported $7.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.51 by $1.98. The firm 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 company’s revenue was up 7.5% on a year-over-year basis. During the same period in the previous year, the firm earned $5.72 earnings per share. On average, equities analysts predict that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 2nd. Shareholders 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 1.2%. Chubb’s dividend payout ratio (DPR) is currently 16.19%.

Chubb Company 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.