Mutual Advisors LLC Has $429,000 Stake in Chubb Limited (NYSE:CB)

Mutual Advisors LLC increased its position in Chubb Limited (NYSE:CB) by 11.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,900 shares of the financial services provider’s stock after buying an additional 191 shares during the quarter. Mutual Advisors LLC’s holdings in Chubb were worth $429,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in CB. ICA Group Wealth Management LLC bought a new position in shares of Chubb during the 4th quarter worth approximately $25,000. IMA Wealth Inc. lifted its holdings in shares of Chubb by 275.7% in the 2nd quarter. IMA Wealth Inc. now owns 139 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 102 shares in the last quarter. BOK Financial Private Wealth Inc. bought a new position in shares of Chubb in the 3rd quarter worth $28,000. Bell Investment Advisors Inc lifted its holdings in shares of Chubb by 39.6% in the 3rd quarter. Bell Investment Advisors Inc now owns 208 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 59 shares in the last quarter. Finally, Neo Ivy Capital Management bought a new position in Chubb during the 2nd quarter valued at $46,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Chubb Stock Performance

Shares of CB opened at $259.24 on Friday. The company has a market cap of $105.19 billion, a PE ratio of 11.88, a price-to-earnings-growth ratio of 1.21 and a beta of 0.62. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.20. The stock has a 50-day moving average price of $249.88 and a 200-day moving average price of $229.66. Chubb Limited has a 12-month low of $183.71 and a 12-month high of $260.58.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, January 30th. The financial services provider reported $8.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.07 by $3.23. The firm had revenue of $13.38 billion during the quarter, compared to the consensus estimate of $12.88 billion. Chubb had a return on equity of 16.45% and a net margin of 18.11%. As a group, equities analysts forecast that Chubb Limited will post 21.16 earnings per share for the current fiscal year.

Chubb Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 5th. Investors of record on Friday, March 15th will be given a $0.86 dividend. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $3.44 dividend on an annualized basis and a yield of 1.33%. Chubb’s payout ratio is 15.76%.

Wall Street Analysts Forecast Growth

CB has been the subject of several research analyst reports. Raymond James raised their target price on Chubb from $270.00 to $285.00 and gave the company a “strong-buy” rating in a research report on Thursday, February 1st. HSBC assumed coverage on Chubb in a report on Thursday, December 28th. They issued a “buy” rating and a $263.00 price objective for the company. StockNews.com lowered Chubb from a “buy” rating to a “hold” rating in a report on Friday, March 22nd. Citigroup reissued a “neutral” rating and issued a $275.00 price objective (up previously from $238.00) on shares of Chubb in a report on Thursday, March 14th. Finally, The Goldman Sachs Group lowered Chubb from a “buy” rating to a “neutral” rating and set a $222.00 price objective for the company. in a report on Monday, January 8th. Ten investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Chubb has an average rating of “Moderate Buy” and an average price target of $255.06.

Insider Buying and Selling

In related news, EVP Timothy Alan Boroughs sold 14,303 shares of the business’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $258.78, for a total value of $3,701,330.34. Following the completion of the sale, the executive vice president now owns 35,662 shares in the company, valued at approximately $9,228,612.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Chubb news, EVP Timothy Alan Boroughs sold 14,303 shares of Chubb stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $258.78, for a total value of $3,701,330.34. Following the transaction, the executive vice president now directly owns 35,662 shares of the company’s stock, valued at approximately $9,228,612.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John J. Lupica sold 34,464 shares of Chubb stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $258.92, for a total value of $8,923,418.88. Following the completion of the transaction, the insider now directly owns 130,937 shares in the company, valued at $33,902,208.04. The disclosure for this sale can be found here. Insiders sold 116,043 shares of company stock worth $29,766,694 in the last quarter. 0.37% of the stock is owned by insiders.

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.