FourThought Financial Partners LLC Boosts Position in Chubb Limited $CB

FourThought Financial Partners LLC raised its stake in Chubb Limited (NYSE:CB) by 8.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 45,561 shares of the financial services provider’s stock after buying an additional 3,733 shares during the period. Chubb comprises 1.2% of FourThought Financial Partners LLC’s holdings, making the stock its 24th biggest holding. FourThought Financial Partners LLC’s holdings in Chubb were worth $14,220,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. KERR FINANCIAL PLANNING Corp purchased a new stake in shares of Chubb in the third quarter valued at approximately $31,000. Laurel Wealth Advisors LLC purchased a new position in Chubb during the 4th quarter worth $31,000. Ares Financial Consulting LLC bought a new stake in Chubb during the 4th quarter valued at $32,000. Cornerstone Planning Group LLC lifted its holdings in shares of Chubb by 81.5% in the 3rd quarter. Cornerstone Planning Group LLC now owns 118 shares of the financial services provider’s stock worth $33,000 after buying an additional 53 shares during the period. Finally, GoalVest Advisory LLC bought a new position in shares of Chubb during the 4th quarter worth $40,000. 83.81% of the stock is owned by hedge funds and other institutional investors.

Chubb Stock Down 0.4%

NYSE:CB opened at $328.70 on Thursday. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.20. The company’s 50 day moving average is $326.29 and its two-hundred day moving average is $315.35. Chubb Limited has a twelve month low of $264.10 and a twelve month high of $345.67. The company has a market cap of $127.49 billion, a PE ratio of 11.61, a P/E/G ratio of 1.69 and a beta of 0.43.

Chubb (NYSE:CB) last posted its quarterly earnings results on Tuesday, March 31st. The financial services provider reported $6.82 earnings per share for the quarter. The business had revenue of $14.93 billion for the quarter. Chubb had a return on equity of 14.30% and a net margin of 18.58%. Analysts anticipate that Chubb Limited will post 26.78 EPS for the current year.

Chubb Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 6th. Shareholders of record on Friday, March 13th were given a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Friday, March 13th. Chubb’s dividend payout ratio (DPR) is currently 13.70%.

Insider Buying and Selling

In related news, Director Olivier Steimer sold 2,000 shares of Chubb stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $329.30, for a total transaction of $658,600.00. Following the completion of the transaction, the director directly owned 25,468 shares in the company, valued at approximately $8,386,612.40. This trade represents a 7.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.37% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on CB. HSBC raised their price target on Chubb from $362.00 to $370.00 and gave the company a “buy” rating in a research note on Thursday, April 23rd. Jefferies Financial Group dropped their target price on shares of Chubb from $356.00 to $352.00 and set a “hold” rating on the stock in a report on Thursday, April 23rd. The Goldman Sachs Group boosted their price target on shares of Chubb from $368.00 to $372.00 and gave the company a “buy” rating in a report on Tuesday, April 7th. Evercore upped their price target on shares of Chubb from $347.00 to $349.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 22nd. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Chubb from $304.00 to $330.00 and gave the company a “hold” rating in a research note on Monday, March 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Chubb has a consensus rating of “Moderate Buy” and an average price target of $349.33.

Chubb Profile

Chubb is a global property and casualty insurance company that underwrites a broad range of commercial and personal insurance products and related services. Its offerings include commercial property and casualty coverage, specialty liability, professional and management liability, cyber and technology insurance, marine and energy, surety, accident and health solutions, and high-net-worth personal lines such as homeowners, auto and valuables protection. Chubb serves businesses, individuals and institutions with tailored underwriting and risk-transfer solutions across multiple industry sectors.

In addition to core underwriting, Chubb provides risk engineering, loss control, claims management and risk consulting services intended to reduce loss severity and help clients manage exposures.