Chubb Limited $CB Shares Acquired by Choate Investment Advisors

Choate Investment Advisors grew its holdings in Chubb Limited (NYSE:CB) by 80.6% in the 4th quarter, Holdings Channel reports. The institutional investor owned 13,851 shares of the financial services provider’s stock after buying an additional 6,180 shares during the quarter. Choate Investment Advisors’ holdings in Chubb were worth $4,323,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. KERR FINANCIAL PLANNING Corp acquired a new stake in shares of Chubb in the 3rd quarter valued at approximately $31,000. Laurel Wealth Advisors LLC acquired a new stake in shares of Chubb in the 4th quarter valued at approximately $31,000. Ares Financial Consulting LLC acquired a new stake in shares of Chubb in the 4th quarter valued at approximately $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 valued at $33,000 after buying an additional 53 shares during the period. Finally, GoalVest Advisory LLC acquired a new stake in shares of Chubb in the 4th quarter valued at approximately $40,000. 83.81% of the stock is owned by institutional investors and hedge funds.

Chubb Stock Performance

NYSE CB opened at $328.03 on Monday. Chubb Limited has a 1-year low of $264.10 and a 1-year high of $345.67. The company has a market capitalization of $127.23 billion, a P/E ratio of 11.58, a PEG ratio of 1.68 and a beta of 0.43. The business has a 50 day moving average price of $326.50 and a 200 day moving average price of $316.08. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.28 and a quick ratio of 0.28.

Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, March 31st. The financial services provider reported $6.82 earnings per share for the quarter. Chubb had a return on equity of 14.30% and a net margin of 18.58%.The firm had revenue of $14.93 billion during the quarter. Sell-side analysts expect that Chubb Limited will post 26.78 EPS for the current fiscal year.

Chubb Dividend Announcement

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

Insider Activity

In related news, Director Olivier Steimer sold 2,000 shares of Chubb stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $329.30, for a total value of $658,600.00. Following the transaction, the director 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 the SEC website. 0.37% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

CB has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft raised their price target on Chubb from $304.00 to $330.00 and gave the company a “hold” rating in a report on Monday, March 23rd. UBS Group reissued a “neutral” rating and issued a $340.00 price target on shares of Chubb in a report on Monday, February 9th. Jefferies Financial Group reduced their price target on Chubb from $356.00 to $352.00 and set a “hold” rating for the company in a report on Thursday, April 23rd. Citigroup raised their price target on Chubb from $335.00 to $385.00 and gave the company a “buy” rating in a report on Monday, February 9th. Finally, Citizens Jmp raised their price objective on Chubb from $350.00 to $365.00 and gave the company a “market outperform” rating in a research note on Wednesday, April 22nd. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Chubb currently has an average rating of “Moderate Buy” and an average price target of $349.33.

Chubb Company 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.