Highland Capital Management LLC Acquires 200 Shares of Chubb Limited (NYSE:CB)

Highland Capital Management LLC grew its holdings in shares of Chubb Limited (NYSE:CB) by 0.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 22,515 shares of the financial services provider’s stock after acquiring an additional 200 shares during the quarter. Highland Capital Management LLC’s holdings in Chubb were worth $5,088,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of CB. Americana Partners LLC purchased a new position in shares of Chubb during the 3rd quarter valued at about $292,000. Lazard Asset Management LLC raised its holdings in shares of Chubb by 978.1% during the 3rd quarter. Lazard Asset Management LLC now owns 546,556 shares of the financial services provider’s stock valued at $113,781,000 after buying an additional 495,860 shares in the last quarter. BKM Wealth Management LLC purchased a new position in shares of Chubb during the 4th quarter valued at about $1,403,000. Royal Bank of Canada raised its holdings in shares of Chubb by 14.1% during the 3rd quarter. Royal Bank of Canada now owns 1,550,856 shares of the financial services provider’s stock valued at $322,857,000 after buying an additional 191,317 shares in the last quarter. Finally, Cox Capital Mgt LLC increased its stake in Chubb by 48.0% in the 4th quarter. Cox Capital Mgt LLC now owns 16,661 shares of the financial services provider’s stock worth $3,765,000 after purchasing an additional 5,407 shares during the period. Institutional investors own 83.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Royal Bank of Canada lifted their price target on Chubb from $255.00 to $275.00 and gave the stock an “outperform” rating in a research note on Thursday, February 1st. Raymond James lifted their price target on Chubb from $270.00 to $285.00 and gave the stock a “strong-buy” rating in a research note on Thursday, February 1st. JMP Securities lifted their price target on Chubb from $250.00 to $280.00 and gave the stock a “market outperform” rating in a research note on Wednesday, January 31st. Roth Mkm lifted their price target on Chubb from $260.00 to $280.00 and gave the stock a “buy” rating in a research note on Wednesday, January 31st. Finally, UBS Group lifted their price target on Chubb from $245.00 to $256.00 and gave the stock a “neutral” rating in a research note on Monday, February 5th. Ten equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $255.06.

Chubb Stock Up 0.9 %

CB stock opened at $258.50 on Thursday. Chubb Limited has a 1-year low of $183.71 and a 1-year high of $260.58. The business has a fifty day moving average price of $249.27 and a 200-day moving average price of $229.46. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.29 and a quick ratio of 0.29. The stock has a market capitalization of $104.89 billion, a P/E ratio of 11.84, a P/E/G ratio of 1.21 and a beta of 0.62.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, January 30th. The financial services provider reported $8.30 EPS for the quarter, beating analysts’ consensus estimates of $5.07 by $3.23. The company had revenue of $13.38 billion during the quarter, compared to analysts’ expectations of $12.88 billion. Chubb had a return on equity of 16.45% and a net margin of 18.11%. Equities analysts forecast that Chubb Limited will post 21.16 earnings per share for the current fiscal year.

Chubb Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 5th. Shareholders of record on Friday, March 15th will be given a $0.86 dividend. This represents a $3.44 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date of this dividend is Thursday, March 14th. Chubb’s payout ratio is 15.76%.

Insiders Place Their Bets

In other Chubb news, CAO Annmarie T. Hagan sold 7,180 shares of the company’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 sale, the chief accounting officer now owns 6,105 shares in the company, valued at $1,495,969.20. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, CAO Annmarie T. Hagan sold 7,180 shares of the company’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 of the company’s stock, valued at $1,495,969.20. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider John J. Lupica sold 34,464 shares of the company’s stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $258.92, for a total value of $8,923,418.88. Following the completion of the transaction, the insider now directly owns 130,937 shares of the company’s stock, valued at approximately $33,902,208.04. The disclosure for this sale can be found here. Insiders sold a total of 116,043 shares of company stock worth $29,766,694 over the last quarter. 0.37% of the stock is currently owned by corporate 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.