Westwood Holdings Group Inc. Increases Stake in Chubb Ltd (CB)

Westwood Holdings Group Inc. increased its holdings in shares of Chubb Ltd (NYSE:CB) by 8.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,267,668 shares of the financial services provider’s stock after buying an additional 95,402 shares during the quarter. Chubb accounts for approximately 1.4% of Westwood Holdings Group Inc.’s holdings, making the stock its 14th biggest position. Westwood Holdings Group Inc. owned approximately 0.27% of Chubb worth $185,244,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Valeo Financial Advisors LLC grew its position in Chubb by 90.7% during the 4th quarter. Valeo Financial Advisors LLC now owns 2,643 shares of the financial services provider’s stock worth $386,000 after acquiring an additional 1,257 shares during the last quarter. Global X Management Co. LLC lifted its holdings in Chubb by 23.7% during the 4th quarter. Global X Management Co. LLC now owns 5,142 shares of the financial services provider’s stock worth $751,000 after buying an additional 984 shares in the last quarter. West Chester Capital Advisors Inc. acquired a new position in Chubb during the 4th quarter worth $620,000. California Public Employees Retirement System lifted its holdings in Chubb by 7.7% during the 3rd quarter. California Public Employees Retirement System now owns 1,131,724 shares of the financial services provider’s stock worth $161,327,000 after buying an additional 81,255 shares in the last quarter. Finally, PGGM Investments lifted its holdings in Chubb by 42.8% during the 4th quarter. PGGM Investments now owns 633,800 shares of the financial services provider’s stock worth $92,617,000 after buying an additional 189,817 shares in the last quarter. Hedge funds and other institutional investors own 89.20% of the company’s stock.

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In other Chubb news, insider Philip V. Bancroft sold 55,675 shares of the business’s stock in a transaction on Thursday, March 15th. The shares were sold at an average price of $140.94, for a total transaction of $7,846,834.50. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Juan C. Andrade sold 9,373 shares of the business’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $146.06, for a total transaction of $1,369,020.38. Following the completion of the sale, the insider now directly owns 110,195 shares in the company, valued at approximately $16,095,081.70. The disclosure for this sale can be found here. 0.43% of the stock is currently owned by insiders.

A number of research analysts have recently weighed in on CB shares. Zacks Investment Research downgraded Chubb from a “hold” rating to a “sell” rating in a research note on Friday. Argus initiated coverage on Chubb in a research note on Friday. They issued a “hold” rating on the stock. Royal Bank of Canada reaffirmed a “buy” rating and set a $165.00 price objective on shares of Chubb in a research note on Wednesday. Wells Fargo reaffirmed a “buy” rating and set a $169.00 price objective on shares of Chubb in a research note on Monday, April 2nd. Finally, Deutsche Bank dropped their price objective on Chubb from $149.00 to $140.00 and set a “hold” rating on the stock in a research note on Thursday, March 29th. One analyst has rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the stock. Chubb has an average rating of “Buy” and a consensus target price of $162.92.

CB stock traded down $1.64 during mid-day trading on Friday, hitting $134.13. 1,721,821 shares of the company were exchanged, compared to its average volume of 1,549,956. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $63,009.68, a PE ratio of 16.70, a price-to-earnings-growth ratio of 1.32 and a beta of 1.01. Chubb Ltd has a 1-year low of $131.14 and a 1-year high of $157.50.

Chubb (NYSE:CB) last issued its quarterly earnings data on Tuesday, January 30th. The financial services provider reported $3.17 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.31 by $0.86. Chubb had a net margin of 11.87% and a return on equity of 7.52%. The firm had revenue of $7.05 billion during the quarter, compared to the consensus estimate of $6.64 billion. During the same period last year, the business posted $2.72 earnings per share. The business’s revenue for the quarter was up 1.6% compared to the same quarter last year. research analysts expect that Chubb Ltd will post 10.26 EPS for the current year.

Chubb declared that its Board of Directors has authorized a stock repurchase plan on Thursday, December 21st that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the financial services provider to reacquire shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s management believes its shares are undervalued.

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 20th. Stockholders of record on Thursday, March 29th will be given a $0.71 dividend. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 2.12%. Chubb’s payout ratio is 35.37%.

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About Chubb

Chubb Limited is a holding company. The Company, through its subsidiaries, provides a range of insurance and reinsurance products and services to clients around the world. Its segments include North America Commercial property and casualty (P&C) Insurance, North America Personal P&C Insurance, North America Agricultural Insurance, Overseas General Insurance, Global Reinsurance and Life Insurance.

Institutional Ownership by Quarter for Chubb (NYSE:CB)

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