Woodmont Investment Counsel LLC Increases Holdings in Chubb Limited $CB

Key Points

• Woodmont Investment Counsel LLC increased its holdings in Chubb Limited by 3.0%, owning a total of 37,555 shares, valued at approximately $10.88 million.
• Chubb Limited reported an earnings per share (EPS) of $6.14 for the last quarter, exceeding estimates and showing a 6.3% revenue growth year-over-year with total revenues of $14.20 billion.
• The company declared a quarterly dividend of $0.97 per share, indicating a 1.4% dividend yield, with a payout ratio of 17.12%.

Woodmont Investment Counsel LLC raised its stake in shares of Chubb Limited (NYSE:CB - Free Report) by 3.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 37,555 shares of the financial services provider's stock after buying an additional 1,098 shares during the quarter. Woodmont Investment Counsel LLC's holdings in Chubb were worth $10,880,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Opal Wealth Advisors LLC purchased a new position in Chubb during the first quarter valued at $25,000. North Capital Inc. purchased a new position in Chubb during the first quarter valued at $26,000. IMA Advisory Services Inc. purchased a new position in Chubb during the first quarter valued at $31,000. 1248 Management LLC purchased a new position in Chubb during the first quarter valued at $31,000. Finally, WPG Advisers LLC purchased a new position in Chubb during the first quarter valued at $33,000. Hedge funds and other institutional investors own 83.81% of the company's stock.

Insider Transactions at Chubb

In related news, Director Michael Corbat purchased 425 shares of the business's stock in a transaction on Friday, July 25th. The stock was acquired at an average price of $269.80 per share, with a total value of $114,665.00. Following the completion of the acquisition, the director owned 2,450 shares of the company's stock, valued at approximately $661,010. This trade represents a 20.99% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.86% of the company's stock.

Chubb Stock Performance

Shares of CB opened at $283.99 on Monday. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.28 and a quick ratio of 0.28. Chubb Limited has a one year low of $252.16 and a one year high of $306.91. The firm has a market capitalization of $113.22 billion, a P/E ratio of 12.53, a PEG ratio of 3.20 and a beta of 0.54. The business has a fifty day moving average of $274.76 and a 200 day moving average of $282.06.

Chubb (NYSE:CB - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $6.14 EPS for the quarter, topping the consensus estimate of $5.84 by $0.30. Chubb had a return on equity of 12.34% and a net margin of 16.08%.The company had revenue of $14.20 billion during the quarter, compared to analyst estimates of $12.53 billion. During the same quarter in the previous year, the company posted $5.38 earnings per share. Chubb's revenue was up 6.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Chubb Limited will post 21.52 EPS for the current year.

Chubb Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 3rd. Shareholders of record on Friday, September 12th were issued a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend was Friday, September 12th. Chubb's payout ratio is currently 17.12%.

Analyst Ratings Changes

A number of analysts have commented on the company. UBS Group reduced their target price on Chubb from $304.00 to $292.00 and set a "neutral" rating for the company in a report on Monday, July 28th. HSBC lowered Chubb from a "buy" rating to a "hold" rating and reduced their target price for the stock from $317.00 to $300.00 in a report on Friday, August 1st. Wolfe Research raised Chubb to a "strong-buy" rating in a report on Tuesday, September 16th. Keefe, Bruyette & Woods lifted their target price on Chubb from $314.00 to $324.00 and gave the stock an "outperform" rating in a report on Wednesday, July 9th. Finally, Piper Sandler reissued a "neutral" rating and issued a $283.00 target price (down previously from $335.00) on shares of Chubb in a report on Thursday, July 24th. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Chubb presently has an average rating of "Hold" and an average target price of $303.24.

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.

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