Team Hewins LLC Invests $307,000 in Chubb Limited (NYSE:CB)

Team Hewins LLC bought a new position in Chubb Limited (NYSE:CB) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,352 shares of the financial services provider’s stock, valued at approximately $307,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. SageView Advisory Group LLC bought a new position in shares of Chubb in the fourth quarter worth approximately $455,000. FineMark National Bank & Trust raised its holdings in shares of Chubb by 6.5% during the fourth quarter. FineMark National Bank & Trust now owns 2,657 shares of the financial services provider’s stock valued at $600,000 after purchasing an additional 162 shares during the last quarter. Commerce Bank raised its holdings in shares of Chubb by 2.6% during the fourth quarter. Commerce Bank now owns 209,102 shares of the financial services provider’s stock valued at $47,257,000 after purchasing an additional 5,345 shares during the last quarter. Ontario Teachers Pension Plan Board raised its holdings in shares of Chubb by 0.9% during the fourth quarter. Ontario Teachers Pension Plan Board now owns 2,698,582 shares of the financial services provider’s stock valued at $609,880,000 after purchasing an additional 24,323 shares during the last quarter. Finally, Central Valley Advisors LLC purchased a new position in shares of Chubb during the fourth quarter valued at approximately $1,565,000. Institutional investors own 83.81% of the company’s stock.

Insider Activity at Chubb

In other Chubb news, Director Michael G. Atieh sold 716 shares of Chubb stock in a transaction 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 of the company’s stock, valued at approximately $10,597,861.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Chubb news, Director Michael G. Atieh sold 716 shares of Chubb stock in a transaction 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 of the company’s stock, valued at approximately $10,597,861.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Annmarie T. Hagan sold 1,529 shares of Chubb stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $263.81, for a total transaction of $403,365.49. Following the completion of the transaction, the chief accounting officer now directly owns 7,718 shares of the company’s stock, valued at $2,036,085.58. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 145,815 shares of company stock valued at $37,349,247. Corporate insiders own 0.86% of the company’s stock.

Chubb Price Performance

CB traded up $1.68 during trading on Friday, hitting $264.76. 862,636 shares of the company traded hands, compared to its average volume of 1,701,991. The company has a market cap of $107.51 billion, a PE ratio of 11.75, a P/E/G ratio of 9.39 and a beta of 0.63. The stock’s 50-day simple moving average is $253.77 and its two-hundred day simple moving average is $241.73. Chubb Limited has a 1 year low of $183.71 and a 1 year high of $275.41. 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 (NYSE:CB) last posted its earnings results on Tuesday, April 23rd. The financial services provider reported $5.41 earnings per share for the quarter, beating the consensus estimate of $5.29 by $0.12. The company had revenue of $12.22 billion during the quarter, compared to analysts’ expectations of $11.75 billion. Chubb had a net margin of 17.99% and a return on equity of 16.29%. Chubb’s quarterly revenue was up 14.1% on a year-over-year basis. During the same period last year, the company posted $4.41 earnings per share. As a group, sell-side analysts anticipate that Chubb Limited will post 21.23 earnings per share for the current fiscal year.

Chubb Increases Dividend

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

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CB. StockNews.com cut shares of Chubb from a “buy” rating to a “hold” rating in a report on Wednesday, April 24th. UBS Group boosted their price objective on shares of Chubb from $245.00 to $256.00 and gave the company a “neutral” rating in a report on Monday, February 5th. Roth Mkm reissued a “buy” rating and set a $280.00 price objective on shares of Chubb in a report on Wednesday, April 24th. Evercore ISI upped their target price on shares of Chubb from $270.00 to $281.00 and gave the company an “outperform” rating in a report on Thursday, April 11th. Finally, BMO Capital Markets upped their target price on shares of Chubb from $220.00 to $240.00 and gave the company a “market perform” rating in a report on Monday, February 5th. Eleven analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $266.70.

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.