ZWJ Investment Counsel Inc. Has $39.31 Million Holdings in Chubb Limited (NYSE:CB)

ZWJ Investment Counsel Inc. trimmed its stake in shares of Chubb Limited (NYSE:CB) by 1.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 173,926 shares of the financial services provider’s stock after selling 1,822 shares during the period. Chubb makes up about 2.0% of ZWJ Investment Counsel Inc.’s investment portfolio, making the stock its 18th biggest position. ZWJ Investment Counsel Inc.’s holdings in Chubb were worth $39,307,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Americana Partners LLC acquired a new stake in shares of Chubb in the 3rd quarter valued at $292,000. Lazard Asset Management LLC increased its position in Chubb by 978.1% in the third quarter. Lazard Asset Management LLC now owns 546,556 shares of the financial services provider’s stock worth $113,781,000 after purchasing an additional 495,860 shares during the period. Alphinity Investment Management Pty Ltd lifted its position in Chubb by 155.8% during the 4th quarter. Alphinity Investment Management Pty Ltd now owns 532,015 shares of the financial services provider’s stock valued at $120,235,000 after purchasing an additional 324,019 shares during the period. Graypoint LLC boosted its stake in shares of Chubb by 1,275.7% in the 4th quarter. Graypoint LLC now owns 31,599 shares of the financial services provider’s stock valued at $7,141,000 after purchasing an additional 29,302 shares during the last quarter. Finally, BKM Wealth Management LLC acquired a new stake in shares of Chubb during the 4th quarter worth approximately $1,403,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Chubb Stock Up 2.0 %

Shares of Chubb stock traded up $4.82 during trading on Friday, reaching $250.21. The stock had a trading volume of 2,573,256 shares, compared to its average volume of 1,728,740. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $101.58 billion, a price-to-earnings ratio of 11.46, a P/E/G ratio of 1.15 and a beta of 0.62. The stock has a fifty day moving average price of $252.51 and a two-hundred day moving average price of $234.19. Chubb Limited has a 52 week low of $183.71 and a 52 week high of $260.58.

Chubb (NYSE:CB) last announced its earnings results on Tuesday, January 30th. The financial services provider reported $8.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.07 by $3.23. Chubb had a return on equity of 16.45% and a net margin of 18.11%. The business had revenue of $13.38 billion for the quarter, compared to analyst estimates of $12.88 billion. Sell-side analysts predict that Chubb Limited will post 21.13 EPS for the current fiscal year.

Chubb Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Friday, March 15th were given a $0.86 dividend. This represents a $3.44 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date was Thursday, March 14th. Chubb’s dividend payout ratio is presently 15.76%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on CB. Keefe, Bruyette & Woods increased their price objective on shares of Chubb from $275.00 to $297.00 and gave the company an “outperform” rating in a report on Wednesday, April 10th. JPMorgan Chase & Co. upped their price objective on Chubb from $253.00 to $266.00 and gave the company a “neutral” rating in a report on Monday, April 8th. TD Cowen began coverage on Chubb in a report on Wednesday, January 10th. They set a “market perform” rating and a $254.00 target price on the stock. UBS Group upped their price target on Chubb from $245.00 to $256.00 and gave the company a “neutral” rating in a research note on Monday, February 5th. Finally, Roth Mkm lifted their price objective on shares of Chubb from $260.00 to $280.00 and gave the stock a “buy” rating in a research note on Wednesday, January 31st. Nine investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Chubb presently has an average rating of “Moderate Buy” and a consensus price target of $266.37.

Insider Buying and Selling

In other 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 value of $1,759,387.20. Following the completion of the transaction, the chief accounting officer now 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 through this hyperlink. In related news, EVP Timothy Alan Boroughs sold 33,150 shares of the business’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $255.11, for a total transaction of $8,456,896.50. Following the transaction, the executive vice president now directly owns 50,486 shares in the company, valued at $12,879,483.46. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CAO Annmarie T. Hagan sold 7,180 shares of the 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 disclosure for this sale can be found here. Over the last 90 days, insiders sold 116,043 shares of company stock worth $29,766,694. 0.86% of the stock is owned by insiders.

About Chubb

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.