Hanson & Doremus Investment Management Purchases 2,084 Shares of Chubb Limited $CB

Hanson & Doremus Investment Management boosted its holdings in Chubb Limited (NYSE:CB) by 14.7% in the 3rd quarter, Holdings Channel.com reports. The firm owned 16,257 shares of the financial services provider’s stock after acquiring an additional 2,084 shares during the period. Hanson & Doremus Investment Management’s holdings in Chubb were worth $4,589,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. 1248 Management LLC bought a new stake in shares of Chubb in the first quarter valued at approximately $31,000. WPG Advisers LLC bought a new stake in shares of Chubb during the 1st quarter valued at $33,000. VSM Wealth Advisory LLC acquired a new stake in shares of Chubb during the 2nd quarter worth $32,000. Heartwood Wealth Advisors LLC bought a new position in shares of Chubb in the third quarter worth $34,000. Finally, Maseco LLP acquired a new stake in Chubb during the second quarter worth about $35,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Insiders Place Their Bets

In related news, insider John J. Lupica sold 16,375 shares of the stock in a transaction on Friday, November 14th. The stock was sold at an average price of $296.45, for a total value of $4,854,368.75. Following the completion of the sale, the insider directly owned 74,225 shares in the company, valued at $22,004,001.25. This represents a 18.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Timothy Alan Boroughs sold 850 shares of the firm’s stock in a transaction on Monday, November 24th. The stock was sold at an average price of $295.19, for a total value of $250,911.50. Following the transaction, the executive vice president directly owned 1,585 shares of the company’s stock, valued at approximately $467,876.15. This represents a 34.91% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 57,333 shares of company stock valued at $16,629,873 in the last ninety days. 0.86% of the stock is currently owned by insiders.

Chubb Trading Up 0.7%

NYSE CB opened at $313.12 on Wednesday. The company has a market cap of $123.23 billion, a price-to-earnings ratio of 13.07, a price-to-earnings-growth ratio of 3.55 and a beta of 0.51. Chubb Limited has a twelve month low of $252.16 and a twelve month high of $314.12. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.20. The business’s fifty day moving average is $291.97 and its 200 day moving average is $282.96.

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

Chubb Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 2nd. Investors of record on Friday, December 12th will be given a dividend of $0.97 per share. The ex-dividend date is Friday, December 12th. This represents a $3.88 annualized dividend and a yield of 1.2%. Chubb’s dividend payout ratio (DPR) is currently 16.19%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Cantor Fitzgerald reaffirmed a “neutral” rating on shares of Chubb in a report on Wednesday, December 10th. Weiss Ratings restated a “buy (b+)” rating on shares of Chubb in a research note on Monday. Keefe, Bruyette & Woods raised their target price on Chubb from $333.00 to $335.00 and gave the company an “outperform” rating in a report on Thursday, October 23rd. Mizuho began coverage on Chubb in a report on Monday, December 15th. They set a “neutral” rating and a $318.00 price target for the company. Finally, UBS Group raised their price objective on Chubb from $292.00 to $298.00 and gave the company a “neutral” rating in a research note on Monday, October 27th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $311.90.

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.