Transamerica Financial Advisors Inc. Buys 187 Shares of Chubb Limited (NYSE:CB)

Transamerica Financial Advisors Inc. grew its stake in Chubb Limited (NYSE:CB) by 19.9% during the fourth quarter, Holdings Channel.com reports. The fund owned 1,126 shares of the financial services provider’s stock after purchasing an additional 187 shares during the quarter. Transamerica Financial Advisors Inc.’s holdings in Chubb were worth $312,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of CB. Continuum Advisory LLC increased its holdings in Chubb by 56.5% during the 3rd quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 35 shares during the period. Gordian Capital Singapore Pte Ltd purchased a new position in shares of Chubb during the third quarter valued at $29,000. Raelipskie Partnership bought a new stake in shares of Chubb in the third quarter valued at about $29,000. Sierra Ocean LLC purchased a new stake in Chubb in the fourth quarter worth about $29,000. Finally, Crowley Wealth Management Inc. bought a new position in Chubb during the 4th quarter worth about $29,000. Institutional investors own 83.81% of the company’s stock.

Chubb Trading Down 0.7 %

Shares of Chubb stock opened at $296.36 on Friday. The firm’s 50 day simple moving average is $279.26 and its two-hundred day simple moving average is $281.43. The firm has a market capitalization of $118.67 billion, a price-to-earnings ratio of 13.04, a PEG ratio of 3.36 and a beta of 0.66. Chubb Limited has a 12-month low of $238.85 and a 12-month high of $302.05. The company has a current ratio of 0.25, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21.

Chubb (NYSE:CB) last released its earnings results on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share (EPS) for the quarter, beating 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%. Analysts predict that Chubb Limited will post 21.52 EPS 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 issued a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date of this dividend is Friday, March 14th. Chubb’s dividend payout ratio (DPR) is 16.02%.

Insider Activity at Chubb

In related news, EVP Joseph F. Wayland sold 10,000 shares of the business’s stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $286.96, for a total transaction of $2,869,600.00. Following the completion of the transaction, the executive vice president now directly owns 77,703 shares in the company, valued at $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 available at this hyperlink. Also, EVP Timothy Alan Boroughs sold 14,748 shares of the stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $296.12, for a total value of $4,367,177.76. Following the sale, the executive vice president now directly owns 29,194 shares in the company, valued at $8,644,927.28. This represents a 33.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 63,470 shares of company stock worth $18,562,730 over the last quarter. Insiders own 0.86% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on CB shares. Barclays reduced their price target on shares of Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a report on Monday, January 6th. JPMorgan Chase & Co. increased their target price on 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 boosted their price target on Chubb from $328.00 to $329.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. Royal Bank of Canada reaffirmed an “outperform” rating and set a $320.00 price objective on shares of Chubb in a research report on Thursday, January 30th. Finally, HSBC upgraded Chubb from a “hold” rating to a “buy” rating and set a $323.00 target price on the stock in a research note on Wednesday, March 5th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $301.00.

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.