1,158 Shares in Chubb Limited (NYSE:CB) Acquired by Fiduciary Family Office LLC

Fiduciary Family Office LLC purchased a new stake in Chubb Limited (NYSE:CB) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 1,158 shares of the financial services provider’s stock, valued at approximately $300,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Chubb in the 4th quarter valued at approximately $957,756,000. Confluence Investment Management LLC purchased a new position in Chubb in the first quarter valued at $165,932,000. Bank of Nova Scotia raised its stake in Chubb by 198.8% in the fourth quarter. Bank of Nova Scotia now owns 779,345 shares of the financial services provider’s stock valued at $176,126,000 after buying an additional 518,535 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in Chubb by 19,454.2% during the 4th quarter. International Assets Investment Management LLC now owns 485,336 shares of the financial services provider’s stock worth $1,096,860,000 after buying an additional 482,854 shares during the last quarter. Finally, Public Employees Retirement Association of Colorado acquired a new position in shares of Chubb during the 4th quarter worth about $97,207,000. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Juan Luis Ortega sold 2,400 shares of the business’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $260.98, for a total transaction of $626,352.00. Following the sale, the executive vice president now owns 44,632 shares of the company’s stock, valued at $11,648,059.36. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, COO John W. Keogh sold 34,707 shares of Chubb stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $251.98, for a total transaction of $8,745,469.86. Following the completion of the transaction, the chief operating officer now owns 284,136 shares of the company’s stock, valued at approximately $71,596,589.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Juan Luis Ortega sold 2,400 shares of the stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $260.98, for a total transaction of $626,352.00. Following the completion of the sale, the executive vice president now directly owns 44,632 shares in the company, valued at $11,648,059.36. The disclosure for this sale can be found here. Over the last quarter, insiders sold 47,552 shares of company stock worth $12,149,985. 0.86% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on CB shares. Roth Mkm reissued a “buy” rating and set a $280.00 target price on shares of Chubb in a research report on Wednesday, April 24th. The Goldman Sachs Group boosted their price objective on shares of Chubb from $228.00 to $254.00 and gave the stock a “neutral” rating in a research report on Friday, April 12th. 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. Royal Bank of Canada reiterated an “outperform” rating and set a $285.00 price target on shares of Chubb in a research note on Friday, June 28th. Finally, JMP Securities restated a “market outperform” rating and issued a $280.00 price objective on shares of Chubb in a research note on Monday, April 15th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $267.65.

Chubb Stock Performance

Chubb stock traded up $1.86 during trading hours on Monday, reaching $260.20. 937,079 shares of the stock were exchanged, compared to its average volume of 1,645,292. The stock has a market cap of $105.66 billion, a P/E ratio of 11.57, a P/E/G ratio of 6.05 and a beta of 0.66. The firm’s 50 day moving average is $260.64 and its 200 day moving average is $251.19. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.29 and a current ratio of 0.29. Chubb Limited has a 52-week low of $188.27 and a 52-week high of $275.41.

Chubb (NYSE:CB) last posted its quarterly earnings results on Tuesday, April 23rd. The financial services provider reported $5.41 earnings per share (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 firm had revenue of $12.22 billion during the quarter, compared to analysts’ expectations of $11.75 billion. During the same period in the prior year, the company posted $4.41 earnings per share. The firm’s revenue for the quarter was up 14.1% on a year-over-year basis. Analysts predict that Chubb Limited will post 20.93 EPS for the current fiscal year.

Chubb Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 5th. Investors of record on Friday, June 14th were issued a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date of this dividend was Friday, June 14th. This is a positive change from Chubb’s previous quarterly dividend of $0.86. Chubb’s dividend payout ratio is currently 16.16%.

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.