MAI Capital Management Increases Position in Chubb Ltd (CB)

MAI Capital Management raised its position in Chubb Ltd (NYSE:CB) by 2.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 84,653 shares of the financial services provider’s stock after buying an additional 2,252 shares during the period. MAI Capital Management’s holdings in Chubb were worth $11,858,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the stock. Deutsche Bank AG lifted its stake in Chubb by 28.5% in the 4th quarter. Deutsche Bank AG now owns 1,006,879 shares of the financial services provider’s stock worth $130,059,000 after purchasing an additional 223,100 shares in the last quarter. Strategic Advisors LLC lifted its stake in Chubb by 47.7% in the 1st quarter. Strategic Advisors LLC now owns 2,936 shares of the financial services provider’s stock worth $411,000 after purchasing an additional 948 shares in the last quarter. Vanguard Group Inc lifted its stake in Chubb by 1.1% in the 3rd quarter. Vanguard Group Inc now owns 37,280,448 shares of the financial services provider’s stock worth $4,982,160,000 after purchasing an additional 417,887 shares in the last quarter. Klingenstein Fields & Co. LLC lifted its stake in Chubb by 10.2% in the 4th quarter. Klingenstein Fields & Co. LLC now owns 81,650 shares of the financial services provider’s stock worth $10,548,000 after purchasing an additional 7,552 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in Chubb by 1.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 6,737,036 shares of the financial services provider’s stock worth $900,339,000 after purchasing an additional 63,629 shares in the last quarter. Institutional investors own 88.96% of the company’s stock.

Several research firms have recently commented on CB. Zacks Investment Research raised shares of Chubb from a “sell” rating to a “hold” rating in a research report on Wednesday. Barclays lifted their price target on shares of Chubb from $160.00 to $167.00 and gave the company an “overweight” rating in a research report on Wednesday. Wells Fargo & Co reaffirmed a “buy” rating and set a $157.00 price target on shares of Chubb in a research report on Tuesday, April 30th. Morgan Stanley lowered shares of Chubb from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, April 17th. Finally, Sandler O’Neill lowered shares of Chubb from a “buy” rating to a “hold” rating in a research report on Wednesday, April 3rd. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $150.67.

Shares of CB stock traded up $1.81 during trading on Wednesday, hitting $148.02. 1,118,109 shares of the stock traded hands, compared to its average volume of 1,497,508. The firm has a market cap of $66.39 billion, a PE ratio of 15.68, a PEG ratio of 1.38 and a beta of 0.82. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.31 and a current ratio of 0.31. Chubb Ltd has a 52-week low of $119.54 and a 52-week high of $148.39.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, April 30th. The financial services provider reported $2.54 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.49 by $0.05. The firm had revenue of $8.01 billion for the quarter, compared to analyst estimates of $7.55 billion. Chubb had a net margin of 11.55% and a return on equity of 8.76%. During the same quarter in the previous year, the company earned $2.34 EPS. Equities research analysts predict that Chubb Ltd will post 10.53 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, July 12th. Shareholders of record on Friday, June 21st will be given a $0.75 dividend. This is a positive change from Chubb’s previous quarterly dividend of $0.73. The ex-dividend date is Thursday, June 20th. This represents a $3.00 dividend on an annualized basis and a yield of 2.03%. Chubb’s payout ratio is presently 30.93%.

In other Chubb news, insider John J. Lupica sold 17,879 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $134.95, for a total value of $2,412,771.05. Following the sale, the insider now owns 192,265 shares of the company’s stock, valued at $25,946,161.75. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Michael G. Atieh sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $141.87, for a total value of $283,740.00. The disclosure for this sale can be found here. In the last three months, insiders sold 23,329 shares of company stock worth $3,196,761. 0.47% of the stock is owned by corporate insiders.

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Chubb Company Profile

Chubb Limited, through its subsidiaries, provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, marine, general casualty, workers' compensation, package policies, and risk management; professional lines, marine, construction, environmental, medical, cyber risk, surety, and excess casualty; and group accident and health insurance to large, middle market, and small commercial businesses in the United States, Canada, and Bermuda.

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Institutional Ownership by Quarter for Chubb (NYSE:CB)

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