Grandfield & Dodd LLC Buys Shares of 143,520 Chubb Limited $CB

Grandfield & Dodd LLC bought a new position in Chubb Limited (NYSE:CB) in the second quarter, according to its most recent disclosure with the SEC. The firm bought 143,520 shares of the financial services provider’s stock, valued at approximately $48,903,000. Chubb comprises approximately 2.6% of Grandfield & Dodd LLC’s portfolio, making the stock its 9th biggest position.

Several other institutional investors have also modified their holdings of CB. Janney Montgomery Scott LLC increased its stake in Chubb by 1.7% during the first quarter. Janney Montgomery Scott LLC now owns 315,893 shares of the financial services provider’s stock worth $102,959,000 after acquiring an additional 5,225 shares during the last quarter. waypoint wealth counsel lifted its stake in shares of Chubb by 76.4% in the 4th quarter. waypoint wealth counsel now owns 4,118 shares of the financial services provider’s stock valued at $1,285,000 after purchasing an additional 1,784 shares during the last quarter. National Pension Service grew its holdings in shares of Chubb by 24.4% during the 4th quarter. National Pension Service now owns 1,148,474 shares of the financial services provider’s stock worth $358,462,000 after purchasing an additional 225,515 shares during the period. Harbour Investments Inc. grew its holdings in shares of Chubb by 884.1% during the 4th quarter. Harbour Investments Inc. now owns 9,959 shares of the financial services provider’s stock worth $3,108,000 after purchasing an additional 8,947 shares during the period. Finally, Bessemer Group Inc. grew its holdings in shares of Chubb by 16.8% during the 1st quarter. Bessemer Group Inc. now owns 16,639 shares of the financial services provider’s stock worth $5,424,000 after purchasing an additional 2,389 shares during the period. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Chubb Stock Down 0.7%

Shares of NYSE:CB opened at $341.24 on Tuesday. Chubb Limited has a fifty-two week low of $265.30 and a fifty-two week high of $365.91. The firm’s 50 day moving average price is $344.69 and its 200 day moving average price is $332.47. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.22. The stock has a market cap of $131.65 billion, a price-to-earnings ratio of 12.07, a price-to-earnings-growth ratio of 1.70 and a beta of 0.39.

Chubb (NYSE:CB) last posted its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $7.26 EPS for the quarter, topping 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 analysts’ expectations of $15.07 billion. During the same quarter in the previous year, the business posted $6.14 EPS. The firm’s revenue was up 3.6% on a year-over-year basis. As a group, equities research analysts predict that Chubb Limited will post 27.45 earnings per share for the current fiscal year.

Chubb Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 11th will be given a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, September 11th. Chubb’s payout ratio is 14.43%.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Atlantic Securities set a $301.00 price objective on shares of Chubb in a report on Wednesday, July 15th. Keefe, Bruyette & Woods increased their target price on shares of Chubb from $374.00 to $389.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 8th. HSBC cut shares of Chubb from a “buy” rating to a “hold” rating and lifted their price target for the company from $370.00 to $373.00 in a research report on Monday, July 6th. Cantor Fitzgerald boosted their price target on shares of Chubb from $318.00 to $337.00 and gave the company a “neutral” rating in a research note on Thursday, July 9th. Finally, Barclays set a $387.00 price objective on shares of Chubb in a report on Tuesday, July 7th. 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 given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $360.09.

Insiders Place Their Bets

In related news, COO John W. Keogh sold 23,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $321.51, for a total value of $7,394,730.00. Following the completion of the transaction, the chief operating officer directly owned 203,322 shares of the company’s stock, valued at $65,370,056.22. This represents a 10.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Joseph F. Wayland sold 8,502 shares of the firm’s stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $364.54, for a total transaction of $3,099,319.08. Following the sale, the executive vice president directly owned 33,749 shares in the company, valued at approximately $12,302,860.46. The trade was a 20.12% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.37% of the company’s stock.

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.