Perigon Wealth Management LLC Raises Holdings in Chubb Limited (NYSE:CB)

Perigon Wealth Management LLC lifted its stake in Chubb Limited (NYSE:CB) by 8.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 4,388 shares of the financial services provider’s stock after acquiring an additional 334 shares during the quarter. Perigon Wealth Management LLC’s holdings in Chubb were worth $992,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of CB. Deutsche Bank AG boosted its position in Chubb by 426.8% during the third quarter. Deutsche Bank AG now owns 16,119,520 shares of the financial services provider’s stock worth $3,355,762,000 after purchasing an additional 13,059,385 shares in the last quarter. Moneta Group Investment Advisors LLC grew its holdings in Chubb by 102,751.3% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 8,289,814 shares of the financial services provider’s stock valued at $1,828,733,000 after purchasing an additional 8,281,754 shares during the period. Norges Bank acquired a new stake in Chubb in the fourth quarter valued at approximately $619,661,000. 1832 Asset Management L.P. grew its holdings in Chubb by 1,476.9% in the fourth quarter. 1832 Asset Management L.P. now owns 999,392 shares of the financial services provider’s stock valued at $220,466,000 after purchasing an additional 936,015 shares during the period. Finally, Lazard Asset Management LLC grew its holdings 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 valued at $113,781,000 after purchasing an additional 495,860 shares during the period. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Insider Buying and Selling at Chubb

In other Chubb news, EVP Timothy Alan Boroughs sold 14,303 shares of Chubb stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $258.78, for a total value of $3,701,330.34. Following the sale, the executive vice president now owns 35,662 shares in the company, valued at $9,228,612.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider John J. Lupica sold 34,464 shares of Chubb stock in a transaction on 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 sale, the insider now directly owns 130,937 shares of the company’s stock, valued at $33,902,208.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Timothy Alan Boroughs sold 14,303 shares of Chubb stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $258.78, for a total value of $3,701,330.34. Following the completion of the sale, the executive vice president now directly owns 35,662 shares of the company’s stock, valued at $9,228,612.36. The disclosure for this sale can be found here. Insiders have sold 116,043 shares of company stock worth $29,766,694 over the last quarter. 0.37% of the stock is currently owned by company insiders.

Chubb Stock Performance

Shares of Chubb stock opened at $245.81 on Friday. Chubb Limited has a one year low of $183.71 and a one year high of $260.58. The company has a market cap of $99.80 billion, a price-to-earnings ratio of 11.26, a PEG ratio of 1.16 and a beta of 0.62. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.29 and a current ratio of 0.29. The business’s 50 day moving average price is $252.64 and its 200 day moving average price is $233.09.

Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, January 30th. The financial services provider reported $8.30 EPS for the quarter, topping 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 firm had revenue of $13.38 billion for the quarter, compared to the consensus estimate of $12.88 billion. On average, research analysts predict that Chubb Limited will post 21.15 EPS for the current year.

Chubb Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Friday, March 15th were given a $0.86 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $3.44 dividend on an annualized basis and a yield of 1.40%. Chubb’s dividend payout ratio is currently 15.76%.

Wall Street Analyst Weigh In

CB has been the topic of several research analyst reports. Wells Fargo & Company raised their price objective on Chubb from $234.00 to $255.00 and gave the company an “equal weight” rating in a report on Thursday, February 1st. StockNews.com raised Chubb from a “hold” rating to a “buy” rating in a report on Saturday, March 30th. Royal Bank of Canada raised their price objective on Chubb from $255.00 to $275.00 and gave the company an “outperform” rating in a report on Thursday, February 1st. JPMorgan Chase & Co. raised their target price on Chubb from $253.00 to $266.00 and gave the company a “neutral” rating in a research report on Monday, April 8th. Finally, TD Cowen began coverage on Chubb in a research report on Wednesday, January 10th. They issued a “market perform” rating and a $254.00 target price on the stock. Nine analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Chubb presently has an average rating of “Moderate Buy” and a consensus target price of $264.58.

Chubb Profile

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.