Horizon Investments LLC Increases Holdings in Chubb Limited $CB

Horizon Investments LLC grew its holdings in Chubb Limited (NYSE:CB) by 9.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 34,159 shares of the financial services provider’s stock after acquiring an additional 2,985 shares during the period. Horizon Investments LLC’s holdings in Chubb were worth $10,662,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in CB. Cedar Mountain Advisors LLC lifted its position in shares of Chubb by 155.6% in the third quarter. Cedar Mountain Advisors LLC now owns 92 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 56 shares in the last quarter. KERR FINANCIAL PLANNING Corp purchased a new position in shares of Chubb in the third quarter valued at about $31,000. Laurel Wealth Advisors LLC purchased a new position in shares of Chubb in the fourth quarter valued at about $31,000. Ares Financial Consulting LLC purchased a new position in shares of Chubb in the fourth quarter valued at about $32,000. Finally, Cornerstone Planning Group LLC lifted its position in shares of Chubb by 81.5% in the third quarter. Cornerstone Planning Group LLC now owns 118 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 53 shares in the last quarter. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Chubb Trading Down 0.2%

Shares of NYSE CB opened at $326.39 on Friday. The business’s 50 day moving average is $329.03 and its two-hundred day moving average is $311.15. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.28 and a quick ratio of 0.27. Chubb Limited has a 1-year low of $264.10 and a 1-year high of $345.67. The stock has a market capitalization of $126.59 billion, a P/E ratio of 11.52, a PEG ratio of 1.67 and a beta of 0.43.

Chubb (NYSE:CB) last issued its quarterly earnings data on Tuesday, March 31st. The financial services provider reported $6.82 earnings per share for the quarter. Chubb had a return on equity of 14.30% and a net margin of 18.58%.The company had revenue of $14.93 billion for the quarter. As a group, research analysts expect that Chubb Limited will post 26.74 EPS for the current year.

Chubb Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 6th. Shareholders of record on Friday, March 13th were paid a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Friday, March 13th. Chubb’s payout ratio is presently 13.70%.

Analyst Ratings Changes

A number of equities research analysts recently commented on CB shares. Bank of America decreased their target price on Chubb from $286.00 to $271.00 and set an “underperform” rating on the stock in a research report on Tuesday, April 14th. Citigroup boosted their target price on Chubb from $335.00 to $385.00 and gave the stock a “buy” rating in a research report on Monday, February 9th. Citizens Jmp boosted their target price on Chubb from $350.00 to $365.00 and gave the stock a “market outperform” rating in a research report on Wednesday, April 22nd. HSBC boosted their target price on Chubb from $362.00 to $370.00 and gave the stock a “buy” rating in a research report on Thursday, April 23rd. Finally, Keefe, Bruyette & Woods boosted their target price on Chubb from $373.00 to $374.00 and gave the stock an “outperform” rating in a research report on Thursday, April 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $349.33.

Insiders Place Their Bets

In other Chubb news, EVP Timothy Alan Boroughs sold 27,817 shares of the business’s stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $331.98, for a total transaction of $9,234,687.66. Following the sale, the executive vice president directly owned 11,810 shares of the company’s stock, valued at $3,920,683.80. The trade was a 70.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Evan G. Greenberg sold 15,060 shares of the company’s stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $331.47, for a total value of $4,991,938.20. Following the transaction, the chief executive officer directly owned 511,576 shares in the company, valued at approximately $169,572,096.72. This represents a 2.86% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 44,877 shares of company stock valued at $14,885,226 over the last ninety days. 0.37% of the stock is owned by insiders.

Chubb Profile

Chubb is a global property and casualty insurance company that underwrites a broad range of commercial and personal insurance products and related services. Its offerings include commercial property and casualty coverage, specialty liability, professional and management liability, cyber and technology insurance, marine and energy, surety, accident and health solutions, and high-net-worth personal lines such as homeowners, auto and valuables protection. Chubb serves businesses, individuals and institutions with tailored underwriting and risk-transfer solutions across multiple industry sectors.

In addition to core underwriting, Chubb provides risk engineering, loss control, claims management and risk consulting services intended to reduce loss severity and help clients manage exposures.