Townsquare Capital LLC Has $3.11 Million Stake in Chubb Limited (NYSE:CB)

Townsquare Capital LLC boosted its position in shares of Chubb Limited (NYSE:CB) by 21.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 11,245 shares of the financial services provider’s stock after acquiring an additional 1,971 shares during the period. Townsquare Capital LLC’s holdings in Chubb were worth $3,107,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Norges Bank bought a new position in shares of Chubb during the 4th quarter worth approximately $1,169,720,000. Raymond James Financial Inc. acquired a new position in Chubb during the fourth quarter worth $1,158,897,000. GQG Partners LLC grew its position in Chubb by 36.3% in the fourth quarter. GQG Partners LLC now owns 4,429,720 shares of the financial services provider’s stock valued at $1,223,932,000 after purchasing an additional 1,178,628 shares in the last quarter. Beutel Goodman & Co Ltd. increased its stake in Chubb by 1,007,698.0% in the 4th quarter. Beutel Goodman & Co Ltd. now owns 1,007,798 shares of the financial services provider’s stock valued at $278,454,000 after buying an additional 1,007,698 shares during the last quarter. Finally, Proficio Capital Partners LLC boosted its stake in shares of Chubb by 41,494.7% during the 4th quarter. Proficio Capital Partners LLC now owns 812,761 shares of the financial services provider’s stock worth $224,566,000 after buying an additional 810,807 shares during the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on CB. Royal Bank of Canada reaffirmed an “outperform” rating and set a $320.00 price target on shares of Chubb in a research report on Thursday, January 30th. Hsbc Global Res upgraded shares of Chubb from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 5th. Keefe, Bruyette & Woods decreased their price target on shares of Chubb from $329.00 to $316.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 9th. JMP Securities restated a “market outperform” rating and set a $325.00 price objective on shares of Chubb in a research report on Wednesday, January 29th. Finally, UBS Group upped their target price on Chubb from $298.00 to $303.00 and gave the company a “neutral” rating in a research report on Wednesday, April 9th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Chubb currently has an average rating of “Hold” and a consensus price target of $307.21.

Chubb Trading Up 1.8 %

Shares of Chubb stock opened at $288.53 on Tuesday. The firm’s 50-day moving average price is $283.35 and its two-hundred day moving average price is $281.21. The company has a market capitalization of $115.61 billion, a price-to-earnings ratio of 12.70, a PEG ratio of 3.36 and a beta of 0.47. The company has a quick ratio of 0.28, a current ratio of 0.25 and a debt-to-equity ratio of 0.21. Chubb Limited has a 12-month low of $238.85 and a 12-month high of $306.91.

Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $6.02 EPS for the quarter, beating the consensus estimate of $5.33 by $0.69. Chubb had a net margin of 16.63% and a return on equity of 13.75%. On average, analysts forecast that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Friday, March 14th were paid a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 1.26%. The ex-dividend date was Friday, March 14th. Chubb’s dividend payout ratio (DPR) is presently 16.02%.

Insider Buying and Selling at Chubb

In other Chubb news, EVP Timothy Alan Boroughs sold 14,748 shares of the business’s stock in a transaction 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 of the company’s stock, valued at approximately $8,644,927.28. The trade was a 33.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Joseph F. Wayland sold 12,231 shares of the stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $294.82, for a total value of $3,605,943.42. Following the completion of the transaction, the executive vice president now owns 78,422 shares of the company’s stock, valued at $23,120,374.04. The trade was a 13.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 63,470 shares of company stock worth $18,562,730 over the last 90 days. Insiders own 0.86% of the company’s stock.

Chubb Company 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.