GAMMA Investing LLC Acquires New Holdings in Chubb Limited (NYSE:CB)

GAMMA Investing LLC bought a new stake in Chubb Limited (NYSE:CB) during the fourth quarter, HoldingsChannel.com reports. The fund bought 2,438 shares of the financial services provider’s stock, valued at approximately $597,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. IFP Advisors Inc grew its position in shares of Chubb by 34.7% during the third quarter. IFP Advisors Inc now owns 1,086 shares of the financial services provider’s stock worth $226,000 after buying an additional 280 shares in the last quarter. Arkadios Wealth Advisors lifted its stake in Chubb by 15.8% in the third quarter. Arkadios Wealth Advisors now owns 1,592 shares of the financial services provider’s stock valued at $331,000 after buying an additional 217 shares during the last quarter. Avior Wealth Management LLC lifted its stake in Chubb by 14.9% in the third quarter. Avior Wealth Management LLC now owns 5,082 shares of the financial services provider’s stock valued at $1,058,000 after buying an additional 659 shares during the last quarter. LaFleur & Godfrey LLC bought a new stake in Chubb in the third quarter valued at $202,000. Finally, Proficio Capital Partners LLC lifted its stake in Chubb by 5.1% in the third quarter. Proficio Capital Partners LLC now owns 2,679 shares of the financial services provider’s stock valued at $558,000 after buying an additional 130 shares during the last quarter. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CB has been the topic of a number of recent analyst reports. Wells Fargo & Company lifted their price objective on shares of Chubb from $234.00 to $255.00 and gave the company an “equal weight” rating in a research note on Thursday, February 1st. Evercore ISI lifted their price objective on shares of Chubb from $270.00 to $281.00 and gave the company an “outperform” rating in a research note on Thursday, April 11th. JMP Securities reaffirmed a “market outperform” rating and set a $280.00 target price on shares of Chubb in a report on Monday, April 15th. Raymond James lifted their target price on Chubb from $270.00 to $285.00 and gave the stock a “strong-buy” rating in a report on Thursday, February 1st. Finally, BMO Capital Markets lifted their target price on Chubb from $220.00 to $240.00 and gave the stock a “market perform” rating in a report on Monday, February 5th. Nine equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Chubb has a consensus rating of “Moderate Buy” and an average target price of $266.37.

Insider Activity

In other Chubb news, insider John J. Lupica sold 34,464 shares of the business’s 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 transaction, the insider now owns 130,937 shares of the company’s stock, valued at $33,902,208.04. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, EVP Timothy Alan Boroughs sold 33,150 shares of the business’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $255.11, for a total value of $8,456,896.50. Following the sale, the executive vice president now owns 50,486 shares of the company’s stock, valued at $12,879,483.46. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider John J. Lupica sold 34,464 shares of the business’s stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $258.92, for a total transaction of $8,923,418.88. Following the sale, the insider now directly owns 130,937 shares in the company, valued at $33,902,208.04. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 116,043 shares of company stock worth $29,766,694. Company insiders own 0.86% of the company’s stock.

Chubb Stock Performance

CB traded down $8.30 on Wednesday, hitting $241.58. The company had a trading volume of 1,806,066 shares, compared to its average volume of 1,728,800. The company’s fifty day moving average price is $252.64 and its 200 day moving average price is $235.15. Chubb Limited has a 1-year low of $183.71 and a 1-year high of $260.58. 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 cap of $98.08 billion, a price-to-earnings ratio of 11.01, a price-to-earnings-growth ratio of 1.18 and a beta of 0.62.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, April 23rd. The financial services provider reported $5.41 EPS for the quarter, topping the consensus estimate of $5.29 by $0.12. The company had revenue of $12.22 billion for the quarter, compared to the consensus estimate of $11.75 billion. Chubb had a return on equity of 16.45% and a net margin of 18.11%. The company’s revenue for the quarter was up 14.1% on a year-over-year basis. During the same period in the previous year, the business posted $4.41 EPS. Equities analysts predict that Chubb Limited will post 21.32 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Friday, March 15th were given a dividend of $0.86 per share. This represents a $3.44 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date was Thursday, March 14th. Chubb’s dividend payout ratio is presently 15.76%.

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.