Westbourne Investment Advisors Inc. Raises Holdings in Chubb Limited (NYSE:CB)

Westbourne Investment Advisors Inc. raised its position in shares of Chubb Limited (NYSE:CB) by 3.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 16,971 shares of the financial services provider’s stock after acquiring an additional 612 shares during the period. Chubb makes up 1.5% of Westbourne Investment Advisors Inc.’s portfolio, making the stock its 27th biggest position. Westbourne Investment Advisors Inc.’s holdings in Chubb were worth $3,835,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CB. State Street Corp lifted its holdings in shares of Chubb by 1.0% during the 2nd quarter. State Street Corp now owns 18,670,426 shares of the financial services provider’s stock valued at $3,610,928,000 after acquiring an additional 181,441 shares in the last quarter. Wellington Management Group LLP lifted its stake in shares of Chubb by 0.8% during the third quarter. Wellington Management Group LLP now owns 18,522,413 shares of the financial services provider’s stock worth $3,855,996,000 after purchasing an additional 138,142 shares in the last quarter. Deutsche Bank AG boosted its position in shares of Chubb by 426.8% in the third quarter. Deutsche Bank AG now owns 16,119,520 shares of the financial services provider’s stock worth $3,355,762,000 after buying an additional 13,059,385 shares during the period. Moneta Group Investment Advisors LLC grew its stake in shares of Chubb by 102,751.3% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 8,289,814 shares of the financial services provider’s stock valued at $1,828,733,000 after buying an additional 8,281,754 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Chubb by 0.8% during the 1st quarter. Geode Capital Management LLC now owns 7,833,334 shares of the financial services provider’s stock valued at $1,517,747,000 after buying an additional 60,630 shares during the period. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. The Goldman Sachs Group cut Chubb from a “buy” rating to a “neutral” rating and set a $222.00 price target for the company. in a report on Monday, January 8th. BMO Capital Markets lifted their price target on shares of Chubb from $220.00 to $240.00 and gave the stock a “market perform” rating in a research note on Monday, February 5th. Raymond James upped their price objective on shares of Chubb from $270.00 to $285.00 and gave the company a “strong-buy” rating in a research report on Thursday, February 1st. Wells Fargo & Company lifted their target price on Chubb from $234.00 to $255.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 1st. Finally, TD Cowen started coverage on Chubb in a research note on Wednesday, January 10th. They set a “market perform” rating and a $254.00 price objective for the company. Ten analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Chubb has an average rating of “Moderate Buy” and an average price target of $255.06.

Chubb Stock Performance

NYSE:CB traded up $0.47 during mid-day trading on Thursday, hitting $258.97. The stock had a trading volume of 429,473 shares, compared to its average volume of 1,772,733. Chubb Limited has a 52 week low of $183.71 and a 52 week high of $260.58. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $105.08 billion, a price-to-earnings ratio of 11.84, a P/E/G ratio of 1.21 and a beta of 0.62. The company has a 50 day simple moving average of $249.27 and a 200-day simple moving average of $229.46.

Chubb (NYSE:CB) last issued its quarterly earnings data on Tuesday, January 30th. The financial services provider reported $8.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.07 by $3.23. Chubb had a return on equity of 16.45% and a net margin of 18.11%. The business had revenue of $13.38 billion during the quarter, compared to the consensus estimate of $12.88 billion. On average, research analysts expect that Chubb Limited will post 21.16 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 5th. Stockholders of record on Friday, March 15th will be issued a dividend of $0.86 per share. This represents a $3.44 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date of this dividend is Thursday, March 14th. Chubb’s dividend payout ratio (DPR) is 15.76%.

Insider Activity at Chubb

In other Chubb news, CAO Annmarie T. Hagan sold 7,180 shares of the firm’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $245.04, for a total transaction of $1,759,387.20. Following the transaction, the chief accounting officer now owns 6,105 shares of the company’s stock, valued at approximately $1,495,969.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, insider John J. Lupica sold 34,464 shares of the company’s stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $258.92, for a total value of $8,923,418.88. Following the completion of the sale, the insider now owns 130,937 shares in the company, valued at $33,902,208.04. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Annmarie T. Hagan sold 7,180 shares of Chubb stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $245.04, for a total value of $1,759,387.20. Following the transaction, the chief accounting officer now directly owns 6,105 shares in the company, valued at $1,495,969.20. The disclosure for this sale can be found here. Insiders have sold a total of 116,043 shares of company stock worth $29,766,694 over the last ninety days. 0.37% of the stock is currently owned by corporate insiders.

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.