Saxon Interests Inc. Invests $956,000 in Chubb Limited (NYSE:CB)

Saxon Interests Inc. bought a new position in Chubb Limited (NYSE:CB) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 4,228 shares of the financial services provider’s stock, valued at approximately $956,000.

Other large investors have also added to or reduced their stakes in the company. Deutsche Bank AG increased 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 valued at $3,355,762,000 after acquiring an additional 13,059,385 shares during the last quarter. Moneta Group Investment Advisors LLC boosted its holdings in shares of 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 worth $1,828,733,000 after buying an additional 8,281,754 shares during the last quarter. Norges Bank purchased a new position in Chubb during the fourth quarter valued at $619,661,000. 1832 Asset Management L.P. grew its holdings in Chubb by 1,476.9% during 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 lifted its holdings in Chubb by 978.1% during 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 in the last quarter. Institutional investors own 83.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CB. BMO Capital Markets increased their price target on Chubb from $220.00 to $240.00 and gave the stock a “market perform” rating in a research note on Monday, February 5th. StockNews.com lowered shares of Chubb from a “buy” rating to a “hold” rating in a report on Friday, March 22nd. Roth Mkm raised their price target on Chubb from $260.00 to $280.00 and gave the company a “buy” rating in a research note on Wednesday, January 31st. Royal Bank of Canada boosted their target price on shares of Chubb from $255.00 to $275.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. Finally, TD Cowen assumed coverage on Chubb in a research report on Wednesday, January 10th. They issued a “market perform” rating and a $254.00 price objective for the company. Ten analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Chubb has an average rating of “Moderate Buy” and a consensus target price of $255.06.

Insider Buying and Selling

In related news, 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 sale, the executive vice president now owns 35,662 shares of the company’s stock, valued at approximately $9,228,612.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, EVP Timothy Alan Boroughs sold 14,303 shares of Chubb stock in a transaction dated 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 directly owns 35,662 shares in the company, valued at approximately $9,228,612.36. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider John J. Lupica sold 34,464 shares of the firm’s stock in a transaction that occurred on Tuesday, March 19th. The shares were 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 owns 130,937 shares in the company, valued at approximately $33,902,208.04. The disclosure for this sale can be found here. In the last 90 days, insiders sold 116,043 shares of company stock valued at $29,766,694. 0.37% of the stock is owned by company insiders.

Chubb Stock Performance

Shares of CB traded up $0.63 during mid-day trading on Friday, reaching $259.13. The company had a trading volume of 1,878,945 shares, compared to its average volume of 1,837,697. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.20. Chubb Limited has a 52-week low of $183.71 and a 52-week high of $260.58. The stock has a 50 day moving average of $249.88 and a two-hundred day moving average of $229.66. The stock has a market capitalization of $105.14 billion, a P/E ratio of 11.87, a PEG ratio of 1.22 and a beta of 0.62.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, January 30th. The financial services provider reported $8.30 earnings per share for the quarter, beating the consensus estimate of $5.07 by $3.23. Chubb had a net margin of 18.11% and a return on equity of 16.45%. The firm had revenue of $13.38 billion during the quarter, compared to analyst estimates of $12.88 billion. On average, analysts expect that Chubb Limited will post 21.16 earnings per share for the current year.

Chubb Dividend Announcement

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

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.