PFG Advisors Raises Holdings in Chubb Limited (NYSE:CB)

PFG Advisors raised its position in shares of Chubb Limited (NYSE:CB) by 25.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,193 shares of the financial services provider’s stock after buying an additional 840 shares during the period. PFG Advisors’ holdings in Chubb were worth $1,159,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Moors & Cabot Inc. boosted its position in shares of Chubb by 4.6% during the fourth quarter. Moors & Cabot Inc. now owns 12,371 shares of the financial services provider’s stock worth $3,418,000 after buying an additional 546 shares during the period. Bender Robert & Associates boosted its position in shares of Chubb by 0.5% during the fourth quarter. Bender Robert & Associates now owns 33,918 shares of the financial services provider’s stock worth $9,372,000 after buying an additional 170 shares during the period. Natural Investments LLC purchased a new position in shares of Chubb during the fourth quarter worth $806,000. AGF Management Ltd. boosted its position in shares of Chubb by 9.1% during the fourth quarter. AGF Management Ltd. now owns 310,612 shares of the financial services provider’s stock worth $85,822,000 after buying an additional 25,885 shares during the period. Finally, Wealthfront Advisers LLC boosted its position in shares of Chubb by 3.9% during the fourth quarter. Wealthfront Advisers LLC now owns 43,106 shares of the financial services provider’s stock worth $11,910,000 after buying an additional 1,609 shares during the period. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Evan G. Greenberg sold 25,728 shares of the firm’s stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $291.45, for a total transaction of $7,498,425.60. Following the transaction, the chief executive officer now owns 584,395 shares of the company’s stock, valued at $170,321,922.75. This trade represents a 4.22 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Joseph F. Wayland sold 10,000 shares of Chubb stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $286.96, for a total value of $2,869,600.00. Following the completion of the sale, the executive vice president now directly owns 77,703 shares in the company, valued at $22,297,652.88. This represents a 11.40 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.86% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on CB shares. Hsbc Global Res upgraded Chubb from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 5th. Royal Bank of Canada reiterated an “outperform” rating and issued a $320.00 price objective on shares of Chubb in a research note on Thursday, January 30th. JPMorgan Chase & Co. increased their price objective on Chubb from $296.00 to $300.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. HSBC upgraded Chubb from a “hold” rating to a “buy” rating and set a $323.00 price objective on the stock in a research note on Wednesday, March 5th. Finally, JMP Securities restated a “market outperform” rating and issued a $325.00 price target on shares of Chubb in a research note on Wednesday, January 29th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $299.27.

Chubb Stock Up 1.6 %

CB opened at $288.57 on Friday. The business’s 50-day simple moving average is $273.14 and its 200-day simple moving average is $280.69. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.25. Chubb Limited has a one year low of $238.85 and a one year high of $302.05. The stock has a market capitalization of $115.55 billion, a P/E ratio of 12.70, a price-to-earnings-growth ratio of 3.36 and a beta of 0.66.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.33 by $0.69. Chubb had a return on equity of 13.75% and a net margin of 16.63%. Analysts anticipate that Chubb Limited will post 21.52 EPS for the current year.

Chubb Announces Dividend

The business also recently declared 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 1.26%. The ex-dividend date of this dividend is Friday, March 14th. Chubb’s dividend payout ratio is currently 16.02%.

About Chubb

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.