Bartlett & CO. Wealth Management LLC Sells 7,789 Shares of Chubb Limited $CB

Bartlett & CO. Wealth Management LLC decreased its holdings in shares of Chubb Limited (NYSE:CB) by 3.3% in the first quarter, Holdings Channel.com reports. The firm owned 228,438 shares of the financial services provider’s stock after selling 7,789 shares during the period. Bartlett & CO. Wealth Management LLC’s holdings in Chubb were worth $74,270,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Ranch Capital Advisors Inc. raised its stake in Chubb by 2.1% during the first quarter. Ranch Capital Advisors Inc. now owns 2,559 shares of the financial services provider’s stock valued at $836,000 after buying an additional 52 shares during the last quarter. Zhang Financial LLC bought a new position in shares of Chubb during the first quarter valued at $513,000. Kera Capital Partners Inc. raised its position in shares of Chubb by 7.2% in the 1st quarter. Kera Capital Partners Inc. now owns 1,818 shares of the financial services provider’s stock worth $593,000 after purchasing an additional 122 shares during the last quarter. Cornerstone Planning Group LLC boosted its stake in Chubb by 65.3% in the 1st quarter. Cornerstone Planning Group LLC now owns 195 shares of the financial services provider’s stock worth $63,000 after purchasing an additional 77 shares in the last quarter. Finally, Gryphon Financial Partners LLC boosted its stake in Chubb by 4.3% in the 1st quarter. Gryphon Financial Partners LLC now owns 3,974 shares of the financial services provider’s stock worth $1,295,000 after purchasing an additional 163 shares in the last quarter. 83.81% of the stock is owned by institutional investors.

Chubb Price Performance

CB opened at $352.07 on Friday. The company’s 50-day simple moving average is $332.32 and its two-hundred day simple moving average is $325.68. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.28 and a current ratio of 0.28. The stock has a market capitalization of $136.55 billion, a P/E ratio of 12.43, a P/E/G ratio of 1.78 and a beta of 0.40. Chubb Limited has a 52-week low of $264.10 and a 52-week high of $365.29.

Chubb (NYSE:CB) last announced its quarterly earnings results on Tuesday, March 31st. The financial services provider reported $6.82 EPS for the quarter. Chubb had a net margin of 18.58% and a return on equity of 14.30%. The firm had revenue of $14.93 billion during the quarter. As a group, analysts predict that Chubb Limited will post 26.75 EPS for the current year.

Chubb Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Friday, June 12th were given a $1.02 dividend. This is a boost from Chubb’s previous quarterly dividend of $0.97. The ex-dividend date of this dividend was Friday, June 12th. This represents a $4.08 dividend on an annualized basis and a yield of 1.2%. Chubb’s payout ratio is presently 14.41%.

Insider Buying and Selling

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 completion of the sale, the chief operating officer directly owned 203,322 shares in the company, valued at approximately $65,370,056.22. The trade was a 10.16% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.37% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CB. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Chubb from $304.00 to $330.00 and gave the company a “hold” rating in a research note on Monday, March 23rd. Citizens Jmp increased their price target on shares of Chubb from $365.00 to $400.00 and gave the company a “market outperform” rating in a report on Friday, July 10th. Barclays set a $387.00 price target on shares of Chubb in a research report on Tuesday, July 7th. HSBC lowered shares of Chubb from a “buy” rating to a “hold” rating and boosted their price objective for the stock from $370.00 to $373.00 in a report on Monday, July 6th. Finally, Wells Fargo & Company upped their price objective on Chubb from $333.00 to $358.00 and gave the company an “equal weight” rating in a research report on Thursday, July 9th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Chubb has an average rating of “Hold” and a consensus price target of $357.73.

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.