WCM Investment Management LLC Reduces Holdings in Chubb Limited (NYSE:CB)

WCM Investment Management LLC cut its position in Chubb Limited (NYSE:CB) by 2.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,343 shares of the financial services provider’s stock after selling 98 shares during the quarter. WCM Investment Management LLC’s holdings in Chubb were worth $975,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in CB. AdvisorNet Financial Inc grew its position in shares of Chubb by 5.2% during the fourth quarter. AdvisorNet Financial Inc now owns 886 shares of the financial services provider’s stock worth $200,000 after buying an additional 44 shares in the last quarter. Valley National Advisers Inc. lifted its position in shares of Chubb by 0.9% during the fourth quarter. Valley National Advisers Inc. now owns 5,113 shares of the financial services provider’s stock worth $1,155,000 after purchasing an additional 44 shares during the last quarter. Regent Peak Wealth Advisors LLC increased its holdings in Chubb by 3.9% in the third quarter. Regent Peak Wealth Advisors LLC now owns 1,244 shares of the financial services provider’s stock valued at $259,000 after buying an additional 47 shares during the last quarter. Innovis Asset Management LLC raised its stake in Chubb by 1.7% during the third quarter. Innovis Asset Management LLC now owns 2,889 shares of the financial services provider’s stock valued at $601,000 after buying an additional 47 shares in the last quarter. Finally, Citizens National Bank Trust Department grew its position in shares of Chubb by 0.3% in the 3rd quarter. Citizens National Bank Trust Department now owns 16,156 shares of the financial services provider’s stock worth $3,363,000 after acquiring an additional 50 shares in the last quarter. 83.81% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Chubb news, CAO Annmarie T. Hagan sold 7,180 shares of the firm’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $245.04, for a total transaction of $1,759,387.20. Following the completion of the sale, the chief accounting officer now directly owns 6,105 shares in the company, valued at approximately $1,495,969.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Chubb news, CAO Annmarie T. Hagan sold 7,180 shares of Chubb stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $245.04, for a total transaction of $1,759,387.20. Following the completion of the sale, the chief accounting officer now owns 6,105 shares of the company’s stock, valued at approximately $1,495,969.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider John J. Lupica sold 34,464 shares of the company’s stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $258.92, for a total transaction of $8,923,418.88. Following the completion of the transaction, the insider now directly owns 130,937 shares in the company, valued at $33,902,208.04. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 116,043 shares of company stock worth $29,766,694. 0.37% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Roth Mkm upped their price target on Chubb from $260.00 to $280.00 and gave the company a “buy” rating in a research report on Wednesday, January 31st. Raymond James raised their price target on shares of Chubb from $270.00 to $285.00 and gave the stock a “strong-buy” rating in a research report on Thursday, February 1st. Royal Bank of Canada boosted their price objective on shares of Chubb from $255.00 to $275.00 and gave the company an “outperform” rating in a research report on Thursday, February 1st. HSBC reiterated a “hold” rating and set a $270.00 price objective (down previously from $275.00) on shares of Chubb in a research note on Thursday, April 4th. Finally, BMO Capital Markets lifted their target price on Chubb from $220.00 to $240.00 and gave the company a “market perform” rating in a research note on Monday, February 5th. Nine investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $264.58.

Chubb Price Performance

Shares of NYSE:CB opened at $245.81 on Monday. The company has a market capitalization of $99.80 billion, a PE ratio of 11.26, a price-to-earnings-growth ratio of 1.16 and a beta of 0.62. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.29 and a current ratio of 0.29. The stock has a fifty day moving average of $252.64 and a 200-day moving average of $233.25. Chubb Limited has a one year low of $183.71 and a one year high of $260.58.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, January 30th. The financial services provider reported $8.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.07 by $3.23. The firm had revenue of $13.38 billion for the quarter, compared to the consensus estimate of $12.88 billion. Chubb had a return on equity of 16.45% and a net margin of 18.11%. As a group, equities analysts anticipate that Chubb Limited will post 21.15 EPS for the current fiscal year.

Chubb Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Friday, March 15th were given a $0.86 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $3.44 annualized dividend and a dividend yield of 1.40%. Chubb’s dividend payout ratio (DPR) is presently 15.76%.

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.