Boyar Asset Management Inc. Purchases 56 Shares of Chubb Limited (NYSE:CB)

Boyar Asset Management Inc. grew its position in Chubb Limited (NYSE:CB) by 2.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,845 shares of the financial services provider’s stock after acquiring an additional 56 shares during the quarter. Boyar Asset Management Inc.’s holdings in Chubb were worth $786,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. Utah Retirement Systems lifted its stake in Chubb by 0.4% during the fourth quarter. Utah Retirement Systems now owns 67,179 shares of the financial services provider’s stock worth $18,562,000 after purchasing an additional 300 shares during the period. Schonfeld Strategic Advisors LLC raised its holdings in shares of Chubb by 28.7% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 8,845 shares of the financial services provider’s stock worth $2,444,000 after buying an additional 1,975 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of Chubb by 4.2% during the 4th quarter. AQR Capital Management LLC now owns 1,179,045 shares of the financial services provider’s stock worth $325,676,000 after buying an additional 47,235 shares during the period. AdvisorShares Investments LLC acquired a new stake in Chubb in the 4th quarter valued at $456,000. Finally, Northern Trust Corp grew its position in Chubb by 15.3% in the fourth quarter. Northern Trust Corp now owns 3,923,754 shares of the financial services provider’s stock valued at $1,084,133,000 after acquiring an additional 522,049 shares during the period. Institutional investors and hedge funds own 83.81% of the company’s stock.

Chubb Trading Up 1.0 %

CB stock opened at $284.98 on Wednesday. The company has a quick ratio of 0.28, a current ratio of 0.25 and a debt-to-equity ratio of 0.21. Chubb Limited has a twelve month low of $244.84 and a twelve month high of $306.91. The company has a market cap of $114.19 billion, a P/E ratio of 12.54, a PEG ratio of 3.36 and a beta of 0.47. The business has a fifty day moving average of $287.05 and a 200-day moving average of $281.08.

Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $3.68 earnings per share for the quarter, topping the consensus estimate of $3.28 by $0.40. Chubb had a return on equity of 13.75% and a net margin of 16.63%. The firm had revenue of $12.65 billion during the quarter, compared to analysts’ expectations of $11.22 billion. As a group, equities research analysts expect that Chubb Limited will post 21.52 EPS for the current year.

Chubb Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Friday, March 14th were issued a $0.91 dividend. The ex-dividend date was Friday, March 14th. This represents a $3.64 annualized dividend and a yield of 1.28%. Chubb’s dividend payout ratio is currently 17.52%.

Insider Buying and Selling at Chubb

In other Chubb news, EVP Joseph F. Wayland sold 12,231 shares of the company’s stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $294.82, for a total value of $3,605,943.42. Following the completion of the sale, the executive vice president now owns 78,422 shares of the company’s stock, valued at approximately $23,120,374.04. This represents a 13.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO George F. Ohsiek sold 763 shares of the stock in a transaction on Friday, March 14th. The stock was sold at an average price of $290.41, for a total transaction of $221,582.83. Following the completion of the sale, the chief accounting officer now owns 20,044 shares in the company, valued at approximately $5,820,978.04. This trade represents a 3.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 63,470 shares of company stock valued at $18,562,730. 0.86% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on CB. UBS Group boosted their target price on shares of Chubb from $303.00 to $304.00 and gave the company a “neutral” rating in a research note on Monday. Raymond James restated a “strong-buy” rating on shares of Chubb in a research report on Thursday, April 24th. JPMorgan Chase & Co. upped their price objective on shares of Chubb from $300.00 to $307.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 8th. JMP Securities reiterated a “market outperform” rating and issued a $325.00 target price on shares of Chubb in a research note on Wednesday, January 29th. Finally, HSBC upgraded Chubb from a “hold” rating to a “buy” rating and set a $323.00 price target on the stock in a research report on Wednesday, March 5th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $307.86.

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.