Middleton & Co. Inc. MA Reduces Stock Position in Chubb Limited (NYSE:CB)

Middleton & Co. Inc. MA cut its stake in shares of Chubb Limited (NYSE:CB) by 2.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 19,529 shares of the financial services provider’s stock after selling 415 shares during the period. Middleton & Co. Inc. MA’s holdings in Chubb were worth $5,632,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Wealthcare Advisory Partners LLC boosted its position in Chubb by 2.1% in the first quarter. Wealthcare Advisory Partners LLC now owns 4,002 shares of the financial services provider’s stock worth $1,037,000 after purchasing an additional 84 shares during the last quarter. Vicus Capital grew its position in Chubb by 57.8% during the first quarter. Vicus Capital now owns 2,376 shares of the financial services provider’s stock valued at $616,000 after buying an additional 870 shares during the period. Legend Financial Advisors Inc. increased its holdings in Chubb by 48.1% during the first quarter. Legend Financial Advisors Inc. now owns 154 shares of the financial services provider’s stock valued at $40,000 after buying an additional 50 shares during the last quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO raised its position in Chubb by 1.3% in the first quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 7,476 shares of the financial services provider’s stock worth $1,937,000 after acquiring an additional 97 shares during the period. Finally, Brown Miller Wealth Management LLC raised its position in Chubb by 4.0% in the first quarter. Brown Miller Wealth Management LLC now owns 12,610 shares of the financial services provider’s stock worth $3,267,000 after acquiring an additional 482 shares during the period. 83.81% of the stock is owned by institutional investors.

Insider Buying and Selling at Chubb

In other news, insider John J. Lupica sold 15,000 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $285.49, for a total value of $4,282,350.00. Following the sale, the insider now directly owns 103,950 shares in the company, valued at $29,676,685.50. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, insider John J. Lupica sold 15,000 shares of Chubb stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $285.49, for a total value of $4,282,350.00. Following the completion of the transaction, the insider now owns 103,950 shares in the company, valued at approximately $29,676,685.50. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Juan Luis Ortega sold 3,921 shares of the stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $273.06, for a total value of $1,070,668.26. Following the sale, the executive vice president now owns 44,632 shares in the company, valued at $12,187,213.92. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 86,636 shares of company stock worth $24,874,208 over the last 90 days. 0.86% of the stock is owned by insiders.

Chubb Price Performance

NYSE:CB opened at $287.99 on Friday. The company has a market capitalization of $116.94 billion, a P/E ratio of 12.78, a P/E/G ratio of 5.87 and a beta of 0.66. The business’s 50-day moving average is $286.86 and its 200 day moving average is $269.08. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.20. Chubb Limited has a 12 month low of $207.46 and a 12 month high of $302.05.

Chubb (NYSE:CB) last issued its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $5.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.04 by $0.34. Chubb had a return on equity of 15.77% and a net margin of 18.14%. The business had revenue of $13.36 billion for the quarter, compared to analysts’ expectations of $13.04 billion. During the same period in the prior year, the firm earned $4.92 EPS. The company’s revenue for the quarter was up 11.8% on a year-over-year basis. On average, equities research analysts forecast that Chubb Limited will post 21.32 earnings per share for the current fiscal year.

Chubb Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Friday, September 13th were paid a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date was Friday, September 13th. Chubb’s payout ratio is 16.16%.

Analysts Set New Price Targets

CB has been the subject of several analyst reports. Wells Fargo & Company upped their price objective on Chubb from $255.00 to $269.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 10th. Bank of America upped their price target on Chubb from $275.00 to $282.00 and gave the stock an “underperform” rating in a research report on Thursday, October 10th. Roth Mkm raised their price objective on Chubb from $280.00 to $300.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. Royal Bank of Canada boosted their price objective on Chubb from $285.00 to $295.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Finally, William Blair lowered shares of Chubb from a “market perform” rating to an “underperform” rating in a report on Friday, June 28th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Chubb currently has an average rating of “Hold” and a consensus price target of $282.37.

Chubb 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.