Westbourne Investment Advisors Inc. Has $5.07 Million Holdings in Chubb Limited (NYSE:CB)

Westbourne Investment Advisors Inc. boosted its stake in shares of Chubb Limited (NYSE:CB) by 1.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,588 shares of the financial services provider’s stock after acquiring an additional 297 shares during the quarter. Chubb accounts for 1.8% of Westbourne Investment Advisors Inc.’s portfolio, making the stock its 23rd largest position. Westbourne Investment Advisors Inc.’s holdings in Chubb were worth $5,072,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Beacon Capital Management LLC grew its position in Chubb by 76.4% during the 2nd quarter. Beacon Capital Management LLC now owns 97 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 42 shares during the last quarter. Pathway Financial Advisers LLC acquired a new position in Chubb in the first quarter worth $25,000. Kozak & Associates Inc. bought a new stake in shares of Chubb during the third quarter worth $29,000. Chilton Capital Management LLC acquired a new stake in shares of Chubb in the second quarter valued at $26,000. Finally, Wellington Shields Capital Management LLC bought a new position in shares of Chubb in the first quarter valued at about $29,000. 83.81% of the stock is owned by institutional investors.

Chubb Stock Performance

Shares of Chubb stock traded down $5.03 during trading on Friday, hitting $277.41. 1,779,579 shares of the stock were exchanged, compared to its average volume of 1,606,941. Chubb Limited has a 1-year low of $215.54 and a 1-year high of $302.05. The stock has a market capitalization of $112.11 billion, a price-to-earnings ratio of 11.36, a price-to-earnings-growth ratio of 5.86 and a beta of 0.66. The company has a fifty day moving average price of $288.23 and a 200-day moving average price of $270.82. The company has a current ratio of 0.35, a quick ratio of 0.31 and a debt-to-equity ratio of 0.20.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share for the quarter, topping analysts’ consensus estimates of $4.98 by $0.74. The business had revenue of $13.83 billion for the quarter, compared to analyst estimates of $14.16 billion. Chubb had a return on equity of 15.46% and a net margin of 18.32%. The firm’s revenue was up 5.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $4.95 EPS. As a group, equities analysts predict that Chubb Limited will post 21.42 EPS for the current fiscal year.

Chubb Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Friday, September 13th were paid a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 1.31%. The ex-dividend date of this dividend was Friday, September 13th. Chubb’s dividend payout ratio (DPR) is presently 14.91%.

Insider Buying and Selling at Chubb

In other Chubb news, CEO Evan G. Greenberg sold 30,318 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $289.60, for a total value of $8,780,092.80. Following the sale, the chief executive officer now owns 553,664 shares in the company, valued at $160,341,094.40. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, CEO Evan G. Greenberg sold 30,318 shares of Chubb stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $289.60, for a total transaction of $8,780,092.80. Following the sale, the chief executive officer now directly owns 553,664 shares of the company’s stock, valued at approximately $160,341,094.40. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Evan G. Greenberg sold 30,537 shares of the business’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $287.25, for a total value of $8,771,753.25. Following the sale, the chief executive officer now owns 583,982 shares in the company, valued at approximately $167,748,829.50. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 86,636 shares of company stock worth $24,874,208 over the last 90 days. Insiders own 0.86% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on CB. Morgan Stanley upped their price objective on Chubb from $295.00 to $300.00 and gave the stock an “equal weight” rating in a report on Wednesday. JMP Securities upped their price target on Chubb from $300.00 to $325.00 and gave the company a “market outperform” rating in a research note on Wednesday. Wells Fargo & Company lowered their price objective on Chubb from $269.00 to $266.00 and set an “equal weight” rating for the company in a research report on Thursday. Piper Sandler upped their target price on shares of Chubb from $281.00 to $305.00 and gave the company an “overweight” rating in a research report on Friday, October 4th. Finally, Bank of America lifted their price target on shares of Chubb from $275.00 to $282.00 and gave the stock an “underperform” rating in a research report on Thursday, October 10th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $287.26.

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.