Chubb Limited (NYSE:CB) Holdings Boosted by Crestwood Advisors Group LLC

Crestwood Advisors Group LLC raised its stake in Chubb Limited (NYSE:CB) by 5.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,221 shares of the financial services provider’s stock after acquiring an additional 59 shares during the period. Crestwood Advisors Group LLC’s holdings in Chubb were worth $276,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in CB. AdvisorNet Financial Inc lifted its position in Chubb by 5.2% in the 4th quarter. AdvisorNet Financial Inc now owns 886 shares of the financial services provider’s stock valued at $200,000 after purchasing an additional 44 shares during the last quarter. Valley National Advisers Inc. grew its holdings in Chubb by 0.9% in the 4th quarter. Valley National Advisers Inc. now owns 5,113 shares of the financial services provider’s stock worth $1,155,000 after buying an additional 44 shares in the last quarter. Regent Peak Wealth Advisors LLC increased its position in Chubb by 3.9% in the 3rd quarter. Regent Peak Wealth Advisors LLC now owns 1,244 shares of the financial services provider’s stock valued at $259,000 after acquiring an additional 47 shares during the period. Innovis Asset Management LLC raised its stake in Chubb by 1.7% during the 3rd quarter. Innovis Asset Management LLC now owns 2,889 shares of the financial services provider’s stock valued at $601,000 after acquiring an additional 47 shares in the last quarter. Finally, Citizens National Bank Trust Department boosted its position in Chubb by 0.3% during the 3rd quarter. Citizens National Bank Trust Department now owns 16,156 shares of the financial services provider’s stock worth $3,363,000 after acquiring an additional 50 shares during the period. 83.81% of the stock is owned by institutional investors.

Chubb Trading Up 0.5 %

NYSE:CB opened at $245.81 on Monday. The stock has a fifty day simple moving average of $252.64 and a 200 day simple moving average of $233.25. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $99.80 billion, a price-to-earnings ratio of 11.26, a price-to-earnings-growth ratio of 1.16 and a beta of 0.62. Chubb Limited has a 1-year low of $183.71 and a 1-year high of $260.58.

Chubb (NYSE:CB) last released its earnings results on Tuesday, January 30th. The financial services provider reported $8.30 earnings per share for the quarter, topping the consensus estimate of $5.07 by $3.23. Chubb had a net margin of 18.11% and a return on equity of 16.45%. The business had revenue of $13.38 billion for the quarter, compared to the consensus estimate of $12.88 billion. Sell-side analysts forecast that Chubb Limited will post 21.15 earnings per share for the current year.

Chubb Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Friday, March 15th were paid a dividend of $0.86 per share. This represents a $3.44 annualized dividend and a yield of 1.40%. The ex-dividend date of this dividend was Thursday, March 14th. Chubb’s dividend payout ratio (DPR) is currently 15.76%.

Insider Activity

In other news, EVP Timothy Alan Boroughs sold 14,303 shares of Chubb stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $258.78, for a total transaction of $3,701,330.34. Following the transaction, the executive vice president now owns 35,662 shares in the company, valued at $9,228,612.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, EVP Timothy Alan Boroughs sold 14,303 shares of the stock in a transaction that occurred on Wednesday, March 20th. The shares were 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 directly owns 35,662 shares of the company’s stock, valued at $9,228,612.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Joseph F. Wayland sold 26,946 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $257.02, for a total transaction of $6,925,660.92. Following the sale, the executive vice president now owns 95,252 shares of the company’s stock, valued at $24,481,669.04. The disclosure for this sale can be found here. Insiders sold 116,043 shares of company stock worth $29,766,694 over the last quarter. Corporate insiders own 0.37% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on CB. JPMorgan Chase & Co. raised their price target on Chubb from $253.00 to $266.00 and gave the company a “neutral” rating in a report on Monday, April 8th. TD Cowen initiated coverage on shares of Chubb in a research report on Wednesday, January 10th. They set a “market perform” rating and a $254.00 price target on the stock. Evercore ISI increased their price objective on shares of Chubb from $270.00 to $281.00 and gave the company an “outperform” rating in a report on Thursday. UBS Group raised their price objective on shares of Chubb from $245.00 to $256.00 and gave the company a “neutral” rating in a research note on Monday, February 5th. Finally, Royal Bank of Canada upped their target price on Chubb from $255.00 to $275.00 and gave the stock an “outperform” rating in a research report on Thursday, February 1st. Nine equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $264.58.

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.