Chubb Limited (NYSE:CB) Shares Purchased by Focus Partners Wealth

Focus Partners Wealth boosted its holdings in Chubb Limited (NYSE:CB) by 72.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 29,165 shares of the financial services provider’s stock after acquiring an additional 12,219 shares during the period. Focus Partners Wealth’s holdings in Chubb were worth $8,127,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the business. Sierra Ocean LLC acquired a new stake in shares of Chubb during the 4th quarter worth about $29,000. Crowley Wealth Management Inc. acquired a new stake in shares of Chubb during the 4th quarter worth about $29,000. Strategic Financial Concepts LLC acquired a new stake in shares of Chubb during the 4th quarter worth about $30,000. Kayne Anderson Rudnick Investment Management LLC boosted its stake in shares of Chubb by 254.3% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 124 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 89 shares during the last quarter. Finally, Human Investing LLC acquired a new stake in shares of Chubb during the 4th quarter worth about $36,000. 83.81% of the stock is owned by institutional investors and hedge funds.

Chubb Trading Down 1.5%

NYSE CB opened at $285.30 on Wednesday. Chubb Limited has a one year low of $251.42 and a one year high of $306.91. The company’s 50 day moving average price is $288.48 and its 200 day moving average price is $280.62. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.25. The firm has a market capitalization of $114.33 billion, a price-to-earnings ratio of 12.56, a PEG ratio of 3.36 and a beta of 0.57.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $3.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.28 by $0.40. The company had revenue of $12.65 billion for the quarter, compared to analyst estimates of $11.22 billion. Chubb had a net margin of 16.63% and a return on equity of 13.75%. On average, sell-side analysts predict that Chubb Limited will post 21.52 EPS for the current year.

Chubb Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Friday, March 14th were paid a dividend of $0.91 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.28%. Chubb’s dividend payout ratio is currently 17.52%.

Analyst Upgrades and Downgrades

CB has been the topic of several analyst reports. Wells Fargo & Company raised their price target on shares of Chubb from $268.00 to $278.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 24th. Raymond James reissued a “strong-buy” rating on shares of Chubb in a research report on Thursday, April 24th. HSBC raised shares of Chubb from a “hold” rating to a “buy” rating and set a $323.00 target price on the stock in a research report on Wednesday, March 5th. JMP Securities reissued a “market outperform” rating and issued a $325.00 target price on shares of Chubb in a research report on Wednesday, January 29th. Finally, Jefferies Financial Group raised their target price on shares of Chubb from $307.00 to $308.00 and gave the stock a “hold” rating in a research report on Friday, April 11th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $307.86.

Insider Activity

In other news, EVP Timothy Alan Boroughs sold 14,748 shares of Chubb stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $296.12, for a total transaction of $4,367,177.76. Following the sale, the executive vice president now owns 29,194 shares in the company, valued at $8,644,927.28. This trade represents a 33.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Evan G. Greenberg sold 25,728 shares of Chubb stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $291.45, for a total transaction of $7,498,425.60. Following the sale, the chief executive officer now owns 584,395 shares in the company, valued at $170,321,922.75. This represents a 4.22% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 63,470 shares of company stock worth $18,562,730 over the last 90 days. Company insiders own 0.77% of the company’s stock.

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.