Chubb Limited $CB Holdings Raised by ZWJ Investment Counsel Inc.

ZWJ Investment Counsel Inc. increased its stake in Chubb Limited (NYSE:CB) by 1.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 188,712 shares of the financial services provider’s stock after purchasing an additional 1,809 shares during the quarter. Chubb makes up 1.9% of ZWJ Investment Counsel Inc.’s investment portfolio, making the stock its 18th largest holding. ZWJ Investment Counsel Inc.’s holdings in Chubb were worth $53,264,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the company. Harbor Capital Advisors Inc. increased its position 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 worth $26,000 after acquiring an additional 44 shares in the last quarter. 1248 Management LLC acquired a new position in Chubb in the 1st quarter worth approximately $31,000. VSM Wealth Advisory LLC purchased a new position in Chubb during the 2nd quarter worth approximately $32,000. WPG Advisers LLC acquired a new stake in Chubb during the 1st quarter valued at $33,000. Finally, Heartwood Wealth Advisors LLC purchased a new stake in shares of Chubb in the third quarter valued at $34,000. 83.81% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Chubb

In other Chubb news, EVP Joseph F. Wayland sold 5,830 shares of the company’s stock in a transaction that occurred on 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 sale, the executive vice president owned 60,593 shares of the company’s stock, valued at $18,000,968.44. This represents a 8.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Timothy Alan Boroughs sold 10,580 shares of Chubb stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of $296.17, for a total transaction of $3,133,478.60. Following the completion of the transaction, the executive vice president directly owned 12,660 shares in the company, valued at approximately $3,749,512.20. This represents a 45.52% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 57,333 shares of company stock valued at $16,629,873. Corporate insiders own 0.77% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. HSBC upped their price target on Chubb from $302.00 to $304.00 in a research report on Wednesday, October 29th. Barclays upped their target price on Chubb from $298.00 to $310.00 and gave the company an “equal weight” rating in a report on Wednesday, October 8th. BMO Capital Markets restated a “market perform” rating and set a $283.00 price target on shares of Chubb in a report on Thursday, October 23rd. Wells Fargo & Company boosted their price objective on shares of Chubb from $277.00 to $293.00 and gave the company an “equal weight” rating in a research report on Thursday, October 23rd. Finally, Evercore ISI increased their target price on shares of Chubb from $312.00 to $315.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 1st. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Chubb currently has a consensus rating of “Hold” and a consensus price target of $311.90.

Chubb Trading Up 0.0%

NYSE:CB opened at $313.32 on Thursday. The company has a market capitalization of $123.31 billion, a P/E ratio of 13.08, a P/E/G ratio of 3.58 and a beta of 0.51. The stock’s 50 day moving average price is $292.66 and its 200 day moving average price is $283.17. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.27 and a current ratio of 0.27. Chubb Limited has a 52 week low of $252.16 and a 52 week high of $314.40.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, October 21st. The financial services provider reported $7.49 EPS for the quarter, topping the consensus estimate of $5.51 by $1.98. The company had revenue of $16.15 billion during the quarter, compared to the consensus estimate of $12.95 billion. Chubb had a net margin of 16.53% and a return on equity of 12.93%. The company’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $5.72 earnings per share. On average, research analysts forecast that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Friday, December 12th will be issued a dividend of $0.97 per share. The ex-dividend date of this dividend is Friday, December 12th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.2%. Chubb’s dividend payout ratio is currently 16.19%.

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.