Wellington Shields Capital Management LLC Invests $29,000 in Chubb Limited (NYSE:CB)

Wellington Shields Capital Management LLC acquired a new position in shares of Chubb Limited (NYSE:CB) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 112 shares of the financial services provider’s stock, valued at approximately $29,000.

A number of other large investors also recently modified their holdings of CB. Ables Iannone Moore & Associates Inc. bought a new position in shares of Chubb during the fourth quarter worth approximately $29,000. ZRC Wealth Management LLC bought a new position in shares of Chubb during the fourth quarter worth approximately $29,000. EdgeRock Capital LLC acquired a new stake in shares of Chubb during the 4th quarter worth approximately $35,000. Tennessee Valley Asset Management Partners acquired a new stake in shares of Chubb during the 4th quarter worth approximately $32,000. Finally, Northwest Financial Advisors acquired a new stake in shares of Chubb during the 4th quarter worth approximately $33,000. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Chubb news, CAO Annmarie T. Hagan sold 1,529 shares of the firm’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $263.81, for a total value of $403,365.49. Following the sale, the chief accounting officer now owns 7,718 shares of the company’s stock, valued at approximately $2,036,085.58. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, EVP Peter C. Enns sold 8,200 shares of the firm’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $266.06, for a total value of $2,181,692.00. Following the completion of the sale, the executive vice president now directly owns 45,853 shares of the company’s stock, valued at approximately $12,199,649.18. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Annmarie T. Hagan sold 1,529 shares of Chubb stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $263.81, for a total transaction of $403,365.49. Following the transaction, the chief accounting officer now directly owns 7,718 shares of the company’s stock, valued at $2,036,085.58. The disclosure for this sale can be found here. Insiders have sold a total of 47,552 shares of company stock valued at $12,149,985 in the last quarter. Insiders own 0.86% of the company’s stock.

Chubb Price Performance

NYSE CB traded up $1.30 on Wednesday, hitting $254.64. The stock had a trading volume of 314,520 shares, compared to its average volume of 1,648,698. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.29 and a current ratio of 0.29. Chubb Limited has a 52-week low of $186.52 and a 52-week high of $275.41. The firm has a 50-day moving average of $260.16 and a 200-day moving average of $250.44. The company has a market capitalization of $103.40 billion, a price-to-earnings ratio of 11.28, a price-to-earnings-growth ratio of 6.11 and a beta of 0.66.

Chubb (NYSE:CB) last announced its quarterly earnings results on Tuesday, April 23rd. The financial services provider reported $5.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.29 by $0.12. The business had revenue of $12.22 billion for the quarter, compared to analyst estimates of $11.75 billion. Chubb had a net margin of 17.99% and a return on equity of 16.29%. The company’s revenue was up 14.1% on a year-over-year basis. During the same quarter last year, the firm earned $4.41 EPS. Equities analysts expect that Chubb Limited will post 21.03 EPS for the current year.

Chubb Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 5th. Shareholders of record on Friday, June 14th were issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date of this dividend was Friday, June 14th. This is a positive change from Chubb’s previous quarterly dividend of $0.86. Chubb’s dividend payout ratio (DPR) is 16.16%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. JPMorgan Chase & Co. raised their target price on shares of Chubb from $253.00 to $266.00 and gave the company a “neutral” rating in a research report on Monday, April 8th. JMP Securities reissued a “market outperform” rating and set a $280.00 target price on shares of Chubb in a research note on Monday, April 15th. Evercore ISI lifted their target price on shares of Chubb from $270.00 to $281.00 and gave the stock an “outperform” rating in a research note on Thursday, April 11th. HSBC reissued a “hold” rating and set a $270.00 target price (down previously from $275.00) on shares of Chubb in a research note on Thursday, April 4th. Finally, Citigroup reissued a “neutral” rating and set a $275.00 target price (up previously from $238.00) on shares of Chubb in a research note on Thursday, March 14th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $266.70.

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.