Diversified Trust Co Increases Stake in Chubb Limited (NYSE:CB)

Diversified Trust Co raised its stake in shares of Chubb Limited (NYSE:CB) by 10.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 43,762 shares of the financial services provider’s stock after buying an additional 4,092 shares during the quarter. Diversified Trust Co’s holdings in Chubb were worth $11,340,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Norges Bank purchased a new position in shares of Chubb during the fourth quarter valued at approximately $957,756,000. Confluence Investment Management LLC bought a new position in shares of Chubb in the 1st quarter worth approximately $165,932,000. Bank of Nova Scotia boosted its holdings in shares of Chubb by 198.8% in the fourth quarter. Bank of Nova Scotia now owns 779,345 shares of the financial services provider’s stock worth $176,126,000 after buying an additional 518,535 shares during the last quarter. Lazard Asset Management LLC grew its position in Chubb by 978.1% during the third quarter. Lazard Asset Management LLC now owns 546,556 shares of the financial services provider’s stock valued at $113,781,000 after buying an additional 495,860 shares during the period. Finally, International Assets Investment Management LLC increased its holdings in Chubb by 19,454.2% during the fourth quarter. International Assets Investment Management LLC now owns 485,336 shares of the financial services provider’s stock valued at $1,096,860,000 after buying an additional 482,854 shares during the last quarter. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Insider Activity

In other news, EVP Peter C. Enns sold 8,200 shares of the firm’s stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $266.06, for a total transaction of $2,181,692.00. Following the completion of the transaction, the executive vice president now directly owns 45,853 shares of the company’s stock, valued at approximately $12,199,649.18. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, EVP Peter C. Enns sold 8,200 shares of the firm’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $266.06, for a total value of $2,181,692.00. Following the transaction, the executive vice president now directly owns 45,853 shares in the company, valued at approximately $12,199,649.18. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Michael G. Atieh sold 716 shares of Chubb stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $269.70, for a total transaction of $193,105.20. Following the transaction, the director now directly owns 39,295 shares in the company, valued at $10,597,861.50. The disclosure for this sale can be found here. In the last three months, insiders sold 47,552 shares of company stock worth $12,149,985. Company insiders own 0.86% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on CB shares. Evercore ISI boosted their price objective on shares of Chubb from $270.00 to $281.00 and gave the company an “outperform” rating in a research report on Thursday, April 11th. Royal Bank of Canada restated an “outperform” rating and set a $285.00 target price on shares of Chubb in a research report on Friday. JPMorgan Chase & Co. boosted their price target on shares of Chubb from $253.00 to $266.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. Roth Mkm reaffirmed a “buy” rating and set a $280.00 price objective on shares of Chubb in a research note on Wednesday, April 24th. Finally, Piper Sandler reissued an “overweight” rating and set a $282.00 price objective on shares of Chubb in a report on Monday, April 1st. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Chubb currently has a consensus rating of “Hold” and an average price target of $266.70.

Chubb Stock Performance

NYSE:CB traded up $0.12 during midday trading on Monday, reaching $255.20. The stock had a trading volume of 277,904 shares, compared to its average volume of 1,676,396. The stock has a market cap of $103.63 billion, a P/E ratio of 11.32, a P/E/G ratio of 6.16 and a beta of 0.66. Chubb Limited has a 12-month low of $186.52 and a 12-month high of $275.41. The firm has a fifty day simple moving average of $259.30 and a two-hundred day simple moving average of $248.79. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.21.

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

Chubb Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Friday, June 14th will be issued a dividend of $0.91 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $3.64 dividend on an annualized basis and a yield of 1.43%. This is an increase from Chubb’s previous quarterly dividend of $0.86. Chubb’s payout ratio is currently 16.16%.

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.