Chubb Limited (NYSE:CB) Stock Position Lifted by HBK Sorce Advisory LLC

HBK Sorce Advisory LLC grew its position in shares of Chubb Limited (NYSE:CB) by 5.7% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,328 shares of the financial services provider’s stock after buying an additional 72 shares during the quarter. HBK Sorce Advisory LLC’s holdings in Chubb were worth $367,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Bowen Hanes & Co. Inc. lifted its holdings in shares of Chubb by 5.1% in the 4th quarter. Bowen Hanes & Co. Inc. now owns 8,027 shares of the financial services provider’s stock worth $2,218,000 after purchasing an additional 390 shares during the last quarter. Achmea Investment Management B.V. lifted its holdings in shares of Chubb by 10.5% in the 4th quarter. Achmea Investment Management B.V. now owns 23,127 shares of the financial services provider’s stock worth $6,390,000 after purchasing an additional 2,207 shares during the last quarter. Avantax Advisory Services Inc. lifted its holdings in shares of Chubb by 9.9% in the 4th quarter. Avantax Advisory Services Inc. now owns 63,472 shares of the financial services provider’s stock worth $17,537,000 after purchasing an additional 5,709 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Chubb by 16.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 2,248 shares of the financial services provider’s stock worth $621,000 after purchasing an additional 312 shares during the last quarter. Finally, Sequoia Financial Advisors LLC lifted its holdings in shares of Chubb by 12.1% in the 4th quarter. Sequoia Financial Advisors LLC now owns 23,937 shares of the financial services provider’s stock worth $6,614,000 after purchasing an additional 2,590 shares during the last quarter. Institutional investors own 83.81% of the company’s stock.

Wall Street Analysts Forecast Growth

CB has been the topic of several analyst reports. Barclays lowered their target price on Chubb from $349.00 to $324.00 and set an “overweight” rating on the stock in a research report on Monday, January 6th. JMP Securities restated a “market outperform” rating and issued a $325.00 target price on shares of Chubb in a research report on Wednesday, January 29th. 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. Hsbc Global Res upgraded Chubb from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 5th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $320.00 price target on shares of Chubb in a research report on Thursday, January 30th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $301.00.

Insider Transactions at Chubb

In related news, EVP Joseph F. Wayland sold 10,000 shares of Chubb stock in a transaction 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 completion of the sale, the executive vice president now owns 77,703 shares of the company’s stock, valued at approximately $22,297,652.88. This trade represents a 11.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Evan G. Greenberg sold 25,728 shares of Chubb stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $291.45, for a total value of $7,498,425.60. Following the sale, the chief executive officer now directly owns 584,395 shares of the company’s stock, valued at approximately $170,321,922.75. The trade was a 4.22 % decrease in their position. The disclosure for this sale can be found here. 0.86% of the stock is currently owned by insiders.

Chubb Stock Performance

Shares of NYSE CB opened at $294.46 on Friday. The stock has a market capitalization of $117.91 billion, a price-to-earnings ratio of 12.96, a PEG ratio of 3.36 and a beta of 0.66. The stock’s fifty day simple moving average is $273.60 and its 200 day simple moving average is $280.82. 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 52-week low of $238.85 and a 52-week high of $302.05.

Chubb (NYSE:CB) last issued its earnings results on Tuesday, January 28th. The financial services provider reported $6.02 EPS for the quarter, topping the consensus estimate of $5.33 by $0.69. Chubb had a return on equity of 13.75% and a net margin of 16.63%. As a group, sell-side analysts forecast that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 14th will be given a $0.91 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $3.64 annualized dividend and a dividend yield of 1.24%. Chubb’s dividend payout ratio (DPR) is presently 16.02%.

Chubb Company 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.