Winthrop Partners WNY LLC Acquires New Position in Chubb Limited $CB

Winthrop Partners WNY LLC bought a new position in Chubb Limited (NYSE:CB) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 9,809 shares of the financial services provider’s stock, valued at approximately $3,062,000. Chubb comprises approximately 1.6% of Winthrop Partners WNY LLC’s holdings, making the stock its 24th biggest holding.

Several other hedge funds and other institutional investors have also bought and sold shares of CB. Brighton Jones LLC grew its holdings 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 valued at $537,000 after purchasing an additional 221 shares during the last quarter. Revolve Wealth Partners LLC bought a new stake in Chubb in the fourth quarter worth $205,000. Woodline Partners LP lifted its stake in Chubb by 13.0% in the first quarter. Woodline Partners LP now owns 12,599 shares of the financial services provider’s stock worth $3,805,000 after purchasing an additional 1,449 shares during the last quarter. Sivia Capital Partners LLC boosted its position in Chubb by 14.4% during the second quarter. Sivia Capital Partners LLC now owns 1,392 shares of the financial services provider’s stock valued at $403,000 after buying an additional 175 shares during the period. Finally, Sei Investments Co. boosted its position in Chubb by 9.3% during the second quarter. Sei Investments Co. now owns 201,226 shares of the financial services provider’s stock valued at $58,305,000 after buying an additional 17,155 shares during the period. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Insider Transactions at Chubb

In other Chubb news, COO John W. Keogh sold 23,000 shares of the business’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $321.51, for a total transaction of $7,394,730.00. Following the transaction, the chief operating officer directly owned 203,322 shares of the company’s stock, valued at approximately $65,370,056.22. The trade was a 10.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.37% of the company’s stock.

Chubb Stock Performance

Shares of NYSE:CB opened at $323.88 on Friday. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.20. The company has a 50-day moving average price of $324.70 and a 200-day moving average price of $319.96. The company has a market cap of $125.62 billion, a price-to-earnings ratio of 11.44, a price-to-earnings-growth ratio of 1.65 and a beta of 0.41. Chubb Limited has a 12 month low of $264.10 and a 12 month high of $345.67.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, March 31st. The financial services provider reported $6.82 earnings per share (EPS) for the quarter. The company had revenue of $14.93 billion for the quarter. Chubb had a return on equity of 14.30% and a net margin of 18.58%. As a group, equities analysts anticipate that Chubb Limited will post 26.8 EPS for the current year.

Chubb Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Friday, June 12th will be issued a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 1.3%. This is an increase from Chubb’s previous quarterly dividend of $0.97. The ex-dividend date is Friday, June 12th. Chubb’s dividend payout ratio (DPR) is presently 14.41%.

Analysts Set New Price Targets

Several research firms have recently commented on CB. Cantor Fitzgerald reiterated a “neutral” rating and issued a $315.00 price objective on shares of Chubb in a report on Wednesday, April 22nd. HSBC increased their target price on Chubb from $362.00 to $370.00 and gave the company a “buy” rating in a report on Thursday, April 23rd. Wells Fargo & Company raised their price target on Chubb from $321.00 to $333.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 23rd. Citizens Jmp lifted their price target on Chubb from $350.00 to $365.00 and gave the stock a “market outperform” rating in a research note on Wednesday, April 22nd. Finally, BMO Capital Markets boosted their price objective on Chubb from $326.00 to $339.00 and gave the company a “market perform” rating in a research report on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $349.10.

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.