Mayflower Financial Advisors LLC Has $539,000 Stock Holdings in Chubb Limited (NYSE:CB)

Mayflower Financial Advisors LLC lowered its holdings in shares of Chubb Limited (NYSE:CB) by 5.8% in the 2nd quarter, HoldingsChannel reports. The firm owned 2,111 shares of the financial services provider’s stock after selling 130 shares during the period. Mayflower Financial Advisors LLC’s holdings in Chubb were worth $539,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in CB. Norges Bank bought a new position in Chubb during the fourth quarter worth $957,756,000. Capital Research Global Investors raised its holdings in shares of Chubb by 44.4% during the first quarter. Capital Research Global Investors now owns 6,713,331 shares of the financial services provider’s stock valued at $1,739,625,000 after purchasing an additional 2,064,730 shares during the period. Capital World Investors boosted its position in shares of Chubb by 6.6% during the 1st quarter. Capital World Investors now owns 10,997,092 shares of the financial services provider’s stock worth $2,849,677,000 after purchasing an additional 685,677 shares in the last quarter. Confluence Investment Management LLC acquired a new stake in shares of Chubb in the 1st quarter valued at about $165,932,000. Finally, Bank of Nova Scotia raised its stake in Chubb by 198.8% during the 4th quarter. Bank of Nova Scotia now owns 779,345 shares of the financial services provider’s stock worth $176,126,000 after buying an additional 518,535 shares during the period. 83.81% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

CB has been the subject of a number of research reports. Morgan Stanley reduced their price objective on Chubb from $260.00 to $259.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 10th. Barclays initiated coverage on shares of Chubb in a research note on Wednesday. They issued an “overweight” rating and a $349.00 price objective on the stock. JPMorgan Chase & Co. boosted their target price on shares of Chubb from $266.00 to $286.00 and gave the stock a “neutral” rating in a research report on Thursday, July 11th. Roth Mkm raised their price target on shares of Chubb from $280.00 to $300.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. Finally, Keefe, Bruyette & Woods boosted their price objective on Chubb from $304.00 to $305.00 and gave the stock an “outperform” rating in a report on Monday, July 29th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $274.70.

Chubb Trading Down 1.3 %

NYSE CB opened at $287.19 on Friday. The stock has a market capitalization of $116.62 billion, a price-to-earnings ratio of 12.75, a PEG ratio of 5.59 and a beta of 0.66. The business’s fifty day moving average is $268.26 and its 200-day moving average is $260.44. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.31 and a quick ratio of 0.31. Chubb Limited has a one year low of $198.67 and a one year high of $293.13.

Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $5.38 EPS for the quarter, topping the consensus estimate of $5.04 by $0.34. Chubb had a net margin of 18.14% and a return on equity of 15.77%. The business had revenue of $13.36 billion for the quarter, compared to analyst estimates of $13.04 billion. During the same quarter in the previous year, the firm posted $4.92 earnings per share. The company’s revenue for the quarter was up 11.8% on a year-over-year basis. Equities research analysts predict that Chubb Limited will post 21.2 EPS for the current year.

Chubb Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 4th. Shareholders of record on Friday, September 13th will be given a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date is Friday, September 13th. Chubb’s dividend payout ratio is currently 16.16%.

Insider Buying and Selling at Chubb

In other news, EVP Peter C. Enns sold 8,200 shares of the stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $266.06, for a total transaction of $2,181,692.00. Following the completion of the transaction, the executive vice president now owns 45,853 shares in the company, valued at approximately $12,199,649.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Chubb news, insider John J. Lupica sold 15,000 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $285.49, for a total transaction of $4,282,350.00. Following the sale, the insider now owns 103,950 shares in the company, valued at $29,676,685.50. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Peter C. Enns sold 8,200 shares of the firm’s stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $266.06, for a total value of $2,181,692.00. Following the completion of the transaction, the executive vice president now directly owns 45,853 shares of the company’s stock, valued at $12,199,649.18. The disclosure for this sale can be found here. Insiders have sold a total of 27,382 shares of company stock worth $7,609,745 over the last ninety days. 0.86% of the stock is currently owned by company insiders.

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.