Hazlett Burt & Watson Inc. Acquires 54 Shares of Chubb Limited (NYSE:CB)

Hazlett Burt & Watson Inc. increased its holdings in shares of Chubb Limited (NYSE:CB) by 8.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 667 shares of the financial services provider’s stock after acquiring an additional 54 shares during the period. Hazlett Burt & Watson Inc.’s holdings in Chubb were worth $185,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. Continuum Advisory LLC increased its position in shares of Chubb by 56.5% during the 3rd quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 35 shares during the last quarter. Gordian Capital Singapore Pte Ltd acquired a new position in Chubb during the third quarter worth $29,000. Raelipskie Partnership bought a new stake in Chubb during the third quarter worth $29,000. Sierra Ocean LLC bought a new stake in Chubb during the fourth quarter worth $29,000. Finally, Crowley Wealth Management Inc. bought a new position in shares of Chubb in the 4th quarter valued at about $29,000. Institutional investors own 83.81% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CB. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $320.00 target price on shares of Chubb in a report on Thursday, January 30th. HSBC upgraded Chubb from a “hold” rating to a “buy” rating and set a $323.00 target price for the company in a research note on Wednesday, March 5th. JMP Securities restated a “market outperform” rating and issued a $325.00 price target on shares of Chubb in a research note on Wednesday, January 29th. Hsbc Global Res raised shares of Chubb from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 5th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Chubb from $296.00 to $300.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $301.00.

Insider Transactions at Chubb

In related news, CEO Evan G. Greenberg sold 25,728 shares of the company’s stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $291.45, for a total transaction of $7,498,425.60. Following the completion of the sale, the chief executive officer now directly owns 584,395 shares in the company, valued at $170,321,922.75. This represents a 4.22 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Timothy Alan Boroughs sold 14,748 shares of Chubb stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $296.12, for a total value of $4,367,177.76. Following the completion of the transaction, the executive vice president now owns 29,194 shares in the company, valued at approximately $8,644,927.28. This represents a 33.56 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 63,470 shares of company stock valued at $18,562,730. Company insiders own 0.86% of the company’s stock.

Chubb Price Performance

Chubb stock opened at $302.19 on Tuesday. The firm has a market cap of $121.00 billion, a PE ratio of 13.30, a price-to-earnings-growth ratio of 3.36 and a beta of 0.66. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.25 and a quick ratio of 0.28. The stock’s fifty day moving average price is $279.92 and its two-hundred day moving average price is $281.51. Chubb Limited has a one year low of $238.85 and a one year high of $303.66.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $6.02 EPS for the quarter, topping analysts’ consensus estimates of $5.33 by $0.69. Chubb had a return on equity of 13.75% and a net margin of 16.63%. As a group, research analysts expect that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 14th will be given a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 1.20%. The ex-dividend date of this dividend is Friday, March 14th. Chubb’s payout ratio is presently 16.02%.

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.