Segall Bryant & Hamill LLC Takes $5.97 Million Position in Chubb Limited $CB

Segall Bryant & Hamill LLC acquired a new stake in Chubb Limited (NYSE:CB) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 18,495 shares of the financial services provider’s stock, valued at approximately $5,969,000.

A number of other large investors have also added to or reduced their stakes in the business. Norges Bank bought a new position in shares of Chubb during the fourth quarter valued at $1,081,190,000. Price T Rowe Associates Inc. MD raised its position in Chubb by 25.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 14,947,799 shares of the financial services provider’s stock worth $4,665,508,000 after purchasing an additional 3,049,987 shares during the last quarter. Berkshire Hathaway Inc lifted its holdings in Chubb by 9.3% during the 4th quarter. Berkshire Hathaway Inc now owns 34,249,183 shares of the financial services provider’s stock worth $10,689,855,000 after buying an additional 2,916,288 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in Chubb during the 4th quarter worth about $795,378,000. Finally, GQG Partners LLC grew its position in shares of Chubb by 15.2% in the 4th quarter. GQG Partners LLC now owns 12,481,176 shares of the financial services provider’s stock valued at $3,895,627,000 after buying an additional 1,647,729 shares during the last quarter. Institutional investors own 83.81% of the company’s stock.

Chubb Price Performance

Chubb stock opened at $348.08 on Tuesday. The stock has a market capitalization of $134.29 billion, a price-to-earnings ratio of 12.31, a PEG ratio of 1.74 and a beta of 0.39. Chubb Limited has a 52-week low of $265.30 and a 52-week high of $365.91. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.29 and a current ratio of 0.29. The stock’s 50 day moving average price is $338.73 and its two-hundred day moving average price is $329.23.

Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $7.26 earnings per share for the quarter, beating the consensus estimate of $6.77 by $0.49. Chubb had a net margin of 18.10% and a return on equity of 14.47%. The company had revenue of $11.97 billion during the quarter, compared to analyst estimates of $15.07 billion. During the same quarter in the previous year, the business posted $6.14 EPS. Chubb’s revenue for the quarter was up 3.6% compared to the same quarter last year. On average, equities analysts predict that Chubb Limited will post 27.4 earnings per share for the current year.

Chubb Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Friday, June 12th were paid a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 1.2%. This is an increase from Chubb’s previous quarterly dividend of $0.97. The ex-dividend date of this dividend was Friday, June 12th. Chubb’s payout ratio is presently 14.43%.

Insider Activity

In other news, EVP Joseph F. Wayland sold 8,502 shares of the firm’s stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $364.54, for a total value of $3,099,319.08. Following the completion of the sale, the executive vice president directly owned 33,749 shares in the company, valued at $12,302,860.46. This trade represents a 20.12% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, COO John W. Keogh sold 23,000 shares of the business’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $321.51, for a total value of $7,394,730.00. Following the completion of the sale, the chief operating officer directly owned 203,322 shares of the company’s stock, valued at $65,370,056.22. The trade was a 10.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.37% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on CB shares. Wells Fargo & Company lowered their price objective on Chubb from $358.00 to $356.00 and set an “equal weight” rating for the company in a research report on Thursday, July 23rd. Cantor Fitzgerald increased their target price on shares of Chubb from $318.00 to $337.00 and gave the company a “neutral” rating in a research report on Thursday, July 9th. Citizens Jmp restated a “market outperform” rating and set a $400.00 price target on shares of Chubb in a report on Wednesday, July 22nd. BMO Capital Markets boosted their price target on shares of Chubb from $326.00 to $339.00 and gave the stock a “market perform” rating in a research report on Friday, April 24th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Chubb from $340.00 to $370.00 and gave the company a “neutral” rating in a research note on Monday, July 20th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Chubb currently has an average rating of “Hold” and a consensus target price of $360.09.

About Chubb

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.