Woodmont Investment Counsel LLC Acquires 1,748 Shares of Chubb Limited (NYSE:CB)

Woodmont Investment Counsel LLC increased its holdings in Chubb Limited (NYSE:CB) by 6.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 30,616 shares of the financial services provider’s stock after acquiring an additional 1,748 shares during the quarter. Woodmont Investment Counsel LLC’s holdings in Chubb were worth $7,934,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in CB. ZRC Wealth Management LLC bought a new stake in shares of Chubb in the 4th quarter worth approximately $29,000. Ables Iannone Moore & Associates Inc. purchased a new stake in shares of Chubb in the fourth quarter worth $29,000. Tennessee Valley Asset Management Partners purchased a new stake in shares of Chubb in the fourth quarter worth $32,000. Northwest Financial Advisors bought a new position in shares of Chubb during the fourth quarter valued at $33,000. Finally, Naples Money Management LLC purchased a new position in shares of Chubb in the 4th quarter worth about $34,000. 83.81% of the stock is owned by hedge funds and other institutional investors.

Chubb Trading Up 0.1 %

CB stock traded up $0.29 during mid-day trading on Tuesday, reaching $255.11. 474,879 shares of the stock traded hands, compared to its average volume of 1,674,219. The business has a 50-day moving average price of $259.30 and a two-hundred day moving average price of $248.79. The stock has a market capitalization of $103.59 billion, a PE ratio of 11.31, a PEG ratio of 6.16 and a beta of 0.66. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.29 and a current ratio of 0.29. Chubb Limited has a one year low of $186.52 and a one year high of $275.41.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, April 23rd. The financial services provider reported $5.41 earnings per share for the quarter, topping the consensus estimate of $5.29 by $0.12. Chubb had a return on equity of 16.29% and a net margin of 17.99%. The firm had revenue of $12.22 billion for the quarter, compared to the consensus estimate of $11.75 billion. During the same period in the prior year, the business posted $4.41 earnings per share. The company’s revenue for the quarter was up 14.1% on a year-over-year basis. Equities research analysts expect that Chubb Limited will post 21.03 EPS for the current year.

Chubb Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 5th. Shareholders of record on Friday, June 14th will be given a dividend of $0.91 per share. The ex-dividend date is Friday, June 14th. This is a positive change from Chubb’s previous quarterly dividend of $0.86. This represents a $3.64 dividend on an annualized basis and a yield of 1.43%. Chubb’s payout ratio is 16.16%.

Insiders Place Their Bets

In other news, COO John W. Keogh sold 34,707 shares of the business’s stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $251.98, for a total value of $8,745,469.86. Following the completion of the sale, the chief operating officer now owns 284,136 shares in the company, valued at approximately $71,596,589.28. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, COO John W. Keogh sold 34,707 shares of the company’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $251.98, for a total transaction of $8,745,469.86. Following the completion of the sale, the chief operating officer now directly owns 284,136 shares in the company, valued at approximately $71,596,589.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael G. Atieh sold 716 shares of the firm’s stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $269.70, for a total value of $193,105.20. Following the sale, the director now directly owns 39,295 shares in the company, valued at approximately $10,597,861.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 47,552 shares of company stock worth $12,149,985. 0.86% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Keefe, Bruyette & Woods reduced their target price on Chubb from $297.00 to $294.00 and set an “outperform” rating for the company in a report on Tuesday, May 7th. Piper Sandler restated an “overweight” rating and set a $282.00 target price on shares of Chubb in a research note on Monday, April 1st. Morgan Stanley lifted their price target on shares of Chubb from $258.00 to $260.00 and gave the stock an “equal weight” rating in a research note on Monday, April 15th. JMP Securities restated a “market outperform” rating and set a $280.00 price objective on shares of Chubb in a research report on Monday, April 15th. Finally, HSBC reaffirmed a “hold” rating and issued a $270.00 target price (down previously from $275.00) on shares of Chubb in a research report on Thursday, April 4th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $266.70.

Chubb Company Profile

Chubb Limited provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, casualty, workers' compensation, package policies, risk management, financial lines, marine, construction, environmental, medical risk, cyber risk, surety, and casualty; and group accident and health insurance to large, middle market, and small commercial businesses.