Cumberland Partners Ltd Makes New Investment in Chubb Limited $CB

Cumberland Partners Ltd acquired a new stake in shares of Chubb Limited (NYSE:CB) during the first quarter, Holdings Channel.com reports. The firm acquired 5,000 shares of the financial services provider’s stock, valued at approximately $1,630,000.

Several other hedge funds and other institutional investors have also made changes to their positions in CB. Cherry Tree Wealth Management LLC boosted its stake in shares of Chubb by 38.3% during the 4th quarter. Cherry Tree Wealth Management LLC now owns 112 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 31 shares during the period. Phillips Wealth Planners LLC raised its position in Chubb by 1.8% in the 4th quarter. Phillips Wealth Planners LLC now owns 1,737 shares of the financial services provider’s stock worth $521,000 after purchasing an additional 31 shares during the period. Hoxton Planning & Management LLC raised its position in Chubb by 4.3% in the 4th quarter. Hoxton Planning & Management LLC now owns 746 shares of the financial services provider’s stock worth $233,000 after purchasing an additional 31 shares during the period. Kathmere Capital Management LLC lifted its stake in Chubb by 2.7% in the fourth quarter. Kathmere Capital Management LLC now owns 1,297 shares of the financial services provider’s stock worth $405,000 after purchasing an additional 34 shares during the last quarter. Finally, Wright Investors Service Inc. boosted its position in shares of Chubb by 0.7% during the fourth quarter. Wright Investors Service Inc. now owns 4,927 shares of the financial services provider’s stock valued at $1,538,000 after buying an additional 34 shares during the period. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on CB shares. UBS Group increased their price target on Chubb from $340.00 to $369.00 and gave the stock a “neutral” rating in a report on Wednesday, July 8th. Wolfe Research boosted their price objective on Chubb from $372.00 to $373.00 and gave the company an “outperform” rating in a report on Monday, April 6th. Bank of America cut their price objective on Chubb from $286.00 to $271.00 and set an “underperform” rating on the stock in a research report on Tuesday, April 14th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $354.00 target price on shares of Chubb in a research note on Wednesday. Finally, JPMorgan Chase & Co. boosted their target price on shares of Chubb from $340.00 to $370.00 and gave the company a “neutral” rating in a research note on Monday, July 20th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $360.09.

Insider Transactions at Chubb

In other news, COO John W. Keogh sold 23,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $321.51, for a total value of $7,394,730.00. Following the completion of the sale, the chief operating officer owned 203,322 shares of the company’s stock, valued at approximately $65,370,056.22. This represents a 10.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.37% of the stock is currently owned by insiders.

Chubb Stock Up 1.8%

Shares of NYSE:CB opened at $359.78 on Friday. Chubb Limited has a 52-week low of $264.10 and a 52-week high of $365.29. The stock has a market cap of $139.55 billion, a P/E ratio of 12.73, a price-to-earnings-growth ratio of 1.77 and a beta of 0.40. The business’s 50 day moving average is $335.55 and its 200 day moving average is $327.09. The company has a quick ratio of 0.28, a current ratio of 0.36 and a debt-to-equity ratio of 0.20.

Chubb (NYSE:CB) last issued its earnings results on Tuesday, July 21st. The financial services provider reported $7.26 earnings per share for the quarter, beating analysts’ consensus estimates of $6.77 by $0.49. Chubb had a return on equity of 14.47% and a net margin of 18.10%.The business had revenue of $16.01 billion during the quarter, compared to analyst estimates of $15.07 billion. During the same period in the previous year, the company posted $6.14 EPS. Chubb’s revenue was up 3.6% on a year-over-year basis. Sell-side analysts predict that Chubb Limited will post 27.08 EPS for the current year.

Chubb Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Friday, June 12th were issued a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 1.1%. The ex-dividend date was Friday, June 12th. This is a positive change from Chubb’s previous quarterly dividend of $0.97. Chubb’s dividend payout ratio (DPR) is currently 14.43%.

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.