Chubb Limited (NYSE:CB) Shares Purchased by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC boosted its holdings in Chubb Limited (NYSE:CB) by 43,904.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 45,325 shares of the financial services provider’s stock after acquiring an additional 45,222 shares during the quarter. New Age Alpha Advisors LLC’s holdings in Chubb were worth $12,523,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Continuum Advisory LLC grew its holdings in shares of Chubb by 56.5% in the 3rd quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 35 shares during the last quarter. Gordian Capital Singapore Pte Ltd purchased a new position in Chubb in the 3rd quarter worth about $29,000. Raelipskie Partnership acquired a new stake in Chubb during the 3rd quarter worth about $29,000. Sierra Ocean LLC purchased a new stake in Chubb during the fourth quarter valued at about $29,000. Finally, Crowley Wealth Management Inc. acquired a new position in shares of Chubb in the fourth quarter worth about $29,000. 83.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on CB shares. JPMorgan Chase & Co. upped their price target on shares of Chubb from $296.00 to $300.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Keefe, Bruyette & Woods upped their price target on Chubb from $328.00 to $329.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. JMP Securities restated a “market outperform” rating and set a $325.00 price objective on shares of Chubb in a research report on Wednesday, January 29th. Hsbc Global Res upgraded Chubb from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 5th. Finally, HSBC upgraded shares of Chubb from a “hold” rating to a “buy” rating and set a $323.00 price target for the company in a report on Wednesday, March 5th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $301.00.

Insider Activity at Chubb

In other news, EVP Joseph F. Wayland sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $286.96, for a total transaction of $2,869,600.00. Following the sale, the executive vice president now directly owns 77,703 shares in the company, valued at approximately $22,297,652.88. The trade was a 11.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Evan G. Greenberg sold 25,728 shares of the firm’s stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $291.45, for a total value of $7,498,425.60. Following the completion of the transaction, the chief executive officer now directly owns 584,395 shares of the company’s stock, valued at approximately $170,321,922.75. This trade represents a 4.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 63,470 shares of company stock worth $18,562,730 over the last three months. Company insiders own 0.86% of the company’s stock.

Chubb Trading Up 1.1 %

Shares of NYSE:CB opened at $298.71 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.25. The stock’s 50-day moving average is $278.72 and its 200-day moving average is $281.47. The company has a market cap of $119.61 billion, a P/E ratio of 13.15, a P/E/G ratio of 3.36 and a beta of 0.66. Chubb Limited has a 52-week low of $238.85 and a 52-week high of $302.05.

Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.33 by $0.69. Chubb had a net margin of 16.63% and a return on equity of 13.75%. Equities research analysts predict that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 14th will be given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date of this dividend is Friday, March 14th. Chubb’s dividend payout ratio (DPR) is presently 16.02%.

Chubb 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.