Westbourne Investment Advisors Inc. Raises Stock Holdings in Chubb Limited $CB

Westbourne Investment Advisors Inc. increased its holdings in shares of Chubb Limited (NYSE:CB) by 12.3% in the third quarter, according to its most recent filing with the SEC. The fund owned 22,233 shares of the financial services provider’s stock after acquiring an additional 2,427 shares during the period. Chubb comprises 1.7% of Westbourne Investment Advisors Inc.’s portfolio, making the stock its 20th biggest position. Westbourne Investment Advisors Inc.’s holdings in Chubb were worth $6,275,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of CB. Mitchell & Pahl Private Wealth LLC increased its stake in Chubb by 0.5% in the third quarter. Mitchell & Pahl Private Wealth LLC now owns 7,381 shares of the financial services provider’s stock worth $2,083,000 after purchasing an additional 35 shares during the period. Rise Advisors LLC boosted its stake in shares of Chubb by 4.6% during the first quarter. Rise Advisors LLC now owns 841 shares of the financial services provider’s stock valued at $254,000 after purchasing an additional 37 shares during the period. Sky Investment Group LLC grew its holdings in shares of Chubb by 1.6% in the second quarter. Sky Investment Group LLC now owns 2,397 shares of the financial services provider’s stock worth $694,000 after purchasing an additional 38 shares during the last quarter. Evermay Wealth Management LLC increased its stake in Chubb by 2.3% in the 2nd quarter. Evermay Wealth Management LLC now owns 1,684 shares of the financial services provider’s stock worth $489,000 after buying an additional 38 shares during the period. Finally, JT Stratford LLC lifted its holdings in Chubb by 3.5% during the 2nd quarter. JT Stratford LLC now owns 1,127 shares of the financial services provider’s stock valued at $327,000 after buying an additional 38 shares in the last quarter. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Insiders Place Their Bets

In other Chubb news, EVP Timothy Alan Boroughs sold 10,580 shares of the stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $296.17, for a total transaction of $3,133,478.60. Following the completion of the sale, the executive vice president directly owned 12,660 shares of the company’s stock, valued at approximately $3,749,512.20. This represents a 45.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Joseph F. Wayland sold 5,830 shares of the firm’s stock in a transaction dated Thursday, November 13th. The shares were sold at an average price of $297.08, for a total transaction of $1,731,976.40. Following the completion of the sale, the executive vice president owned 60,593 shares in the company, valued at $18,000,968.44. This represents a 8.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 57,333 shares of company stock worth $16,629,873. 0.86% of the stock is owned by corporate insiders.

Chubb Stock Performance

Shares of CB stock opened at $314.27 on Tuesday. The company’s 50 day moving average is $295.39 and its 200 day moving average is $283.69. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.20. The firm has a market cap of $123.68 billion, a price-to-earnings ratio of 13.12, a PEG ratio of 3.58 and a beta of 0.51. Chubb Limited has a 52-week low of $252.16 and a 52-week high of $315.08.

Chubb (NYSE:CB) last announced its earnings results on Tuesday, October 21st. The financial services provider reported $7.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.51 by $1.98. Chubb had a return on equity of 12.93% and a net margin of 16.53%.The business had revenue of $16.15 billion for the quarter, compared to analysts’ expectations of $12.95 billion. During the same quarter last year, the firm earned $5.72 EPS. The business’s revenue for the quarter was up 7.5% on a year-over-year basis. On average, sell-side analysts anticipate that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 2nd. Shareholders of record on Friday, December 12th will be paid a $0.97 dividend. This represents a $3.88 annualized dividend and a yield of 1.2%. The ex-dividend date is Friday, December 12th. Chubb’s payout ratio is 16.19%.

Analysts Set New Price Targets

CB has been the subject of several research reports. Jefferies Financial Group boosted their price objective on shares of Chubb from $302.00 to $326.00 and gave the company a “hold” rating in a research report on Tuesday, December 16th. UBS Group lifted their price target on shares of Chubb from $292.00 to $298.00 and gave the company a “neutral” rating in a research note on Monday, October 27th. Weiss Ratings reissued a “buy (b+)” rating on shares of Chubb in a research note on Monday, December 22nd. Deutsche Bank Aktiengesellschaft raised their price objective on Chubb from $303.00 to $304.00 and gave the stock a “hold” rating in a report on Monday, November 24th. Finally, Mizuho started coverage on Chubb in a research report on Monday, December 15th. They set a “neutral” rating and a $318.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $311.90.

Chubb Company 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.