Sachetta LLC Invests $40,000 in Chubb Limited (NYSE:CB)

Sachetta LLC bought a new position in Chubb Limited (NYSE:CB) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 178 shares of the financial services provider’s stock, valued at approximately $40,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CB. Americana Partners LLC purchased a new stake in shares of Chubb during the third quarter worth $292,000. Lazard Asset Management LLC lifted its position in shares of Chubb by 978.1% during the third quarter. Lazard Asset Management LLC now owns 546,556 shares of the financial services provider’s stock worth $113,781,000 after acquiring an additional 495,860 shares in the last quarter. Alphinity Investment Management Pty Ltd lifted its position in shares of Chubb by 155.8% during the fourth quarter. Alphinity Investment Management Pty Ltd now owns 532,015 shares of the financial services provider’s stock worth $120,235,000 after acquiring an additional 324,019 shares in the last quarter. ING Groep NV lifted its position in shares of Chubb by 175,378.1% during the fourth quarter. ING Groep NV now owns 112,306 shares of the financial services provider’s stock worth $25,381,000 after acquiring an additional 112,242 shares in the last quarter. Finally, Graypoint LLC lifted its position in shares of Chubb by 1,275.7% during the fourth quarter. Graypoint LLC now owns 31,599 shares of the financial services provider’s stock worth $7,141,000 after acquiring an additional 29,302 shares in the last quarter. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Analyst Ratings Changes

CB has been the topic of several research analyst reports. Citigroup reaffirmed a “neutral” rating and issued a $275.00 price target (up previously from $238.00) on shares of Chubb in a report on Thursday, March 14th. BMO Capital Markets upped their price target on shares of Chubb from $220.00 to $240.00 and gave the stock a “market perform” rating in a report on Monday, February 5th. JPMorgan Chase & Co. upped their price target on shares of Chubb from $253.00 to $266.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. Royal Bank of Canada decreased their price target on shares of Chubb from $295.00 to $285.00 and set an “outperform” rating on the stock in a report on Thursday, April 25th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $280.00 price target on shares of Chubb in a report on Monday, April 15th. Ten equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $266.74.

Insiders Place Their Bets

In other news, Director Michael G. Atieh sold 716 shares of the business’s stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $269.70, for a total value of $193,105.20. Following the sale, the director now directly owns 39,295 shares of the company’s stock, valued at approximately $10,597,861.50. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, COO John W. Keogh sold 34,707 shares of the business’s stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $251.98, for a total value of $8,745,469.86. Following the sale, the chief operating officer now directly owns 284,136 shares of the company’s stock, valued at approximately $71,596,589.28. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Michael G. Atieh sold 716 shares of the company’s stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $269.70, for a total value of $193,105.20. Following the completion of the transaction, the director now directly owns 39,295 shares in the company, valued at $10,597,861.50. The disclosure for this sale can be found here. Insiders sold 145,815 shares of company stock worth $37,349,247 over the last three months. Company insiders own 0.86% of the company’s stock.

Chubb Stock Performance

Chubb stock opened at $266.14 on Wednesday. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.21. Chubb Limited has a 1-year low of $183.71 and a 1-year high of $275.41. The firm has a 50-day moving average of $253.35 and a 200-day moving average of $240.92. The firm has a market cap of $108.07 billion, a P/E ratio of 11.76, a P/E/G ratio of 1.25 and a beta of 0.63.

Chubb (NYSE:CB) last issued its quarterly earnings data 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. Chubb had a net margin of 17.99% and a return on equity of 16.29%. The business had revenue of $12.22 billion during the quarter, compared to analyst estimates of $11.75 billion. During the same period last year, the business posted $4.41 earnings per share. Chubb’s quarterly revenue was up 14.1% compared to the same quarter last year. Sell-side analysts expect that Chubb Limited will post 21.21 EPS for the current year.

Chubb Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 5th. Shareholders of record on Friday, June 14th will be issued a $0.91 dividend. The ex-dividend date of this dividend is Friday, June 14th. This is a positive change from Chubb’s previous quarterly dividend of $0.86. This represents a $3.64 annualized dividend and a yield of 1.37%. Chubb’s dividend payout ratio (DPR) is 15.27%.

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.