Van ECK Associates Corp Purchases 417 Shares of Chubb Limited (NYSE:CB)

Van ECK Associates Corp grew its position in shares of Chubb Limited (NYSE:CB) by 3.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,028 shares of the financial services provider’s stock after buying an additional 417 shares during the quarter. Van ECK Associates Corp’s holdings in Chubb were worth $2,944,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Eagle Ridge Investment Management boosted its holdings in shares of Chubb by 0.3% during the 4th quarter. Eagle Ridge Investment Management now owns 88,965 shares of the financial services provider’s stock valued at $20,106,000 after acquiring an additional 290 shares during the last quarter. Chase Investment Counsel Corp grew its position in Chubb by 1.4% in the 4th quarter. Chase Investment Counsel Corp now owns 3,995 shares of the financial services provider’s stock worth $902,000 after purchasing an additional 55 shares during the period. Choreo LLC raised its stake in Chubb by 29.1% during the 4th quarter. Choreo LLC now owns 2,078 shares of the financial services provider’s stock valued at $471,000 after buying an additional 469 shares during the last quarter. Mather Group LLC. raised its stake in Chubb by 50.7% during the 4th quarter. Mather Group LLC. now owns 6,224 shares of the financial services provider’s stock valued at $1,407,000 after buying an additional 2,094 shares during the last quarter. Finally, HHM Wealth Advisors LLC lifted its holdings in shares of Chubb by 87.5% during the 4th quarter. HHM Wealth Advisors LLC now owns 300 shares of the financial services provider’s stock valued at $68,000 after buying an additional 140 shares during the period. Institutional investors own 83.81% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on the company. Keefe, Bruyette & Woods upped their price objective on Chubb from $275.00 to $297.00 and gave the company an “outperform” rating in a research report on Wednesday, April 10th. TD Cowen began coverage on shares of Chubb in a research report on Wednesday, January 10th. They set a “market perform” rating and a $254.00 target price for the company. Wells Fargo & Company upped their target price on shares of Chubb from $234.00 to $255.00 and gave the company an “equal weight” rating in a report on Thursday, February 1st. Raymond James lifted their price target on shares of Chubb from $270.00 to $285.00 and gave the stock a “strong-buy” rating in a research note on Thursday, February 1st. Finally, BMO Capital Markets upped their price objective on Chubb from $220.00 to $240.00 and gave the stock a “market perform” rating in a research note on Monday, February 5th. Ten investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Chubb currently has an average rating of “Moderate Buy” and a consensus target price of $266.89.

Insider Transactions at Chubb

In related news, EVP Timothy Alan Boroughs sold 14,303 shares of the business’s stock in a transaction 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 sale, the executive vice president now owns 35,662 shares in the company, valued at $9,228,612.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, 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 owns 130,937 shares in the company, valued at approximately $33,902,208.04. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Timothy Alan Boroughs sold 14,303 shares of the business’s stock in a transaction on Wednesday, March 20th. The shares were 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 approximately $9,228,612.36. The disclosure for this sale can be found here. Insiders have sold 108,863 shares of company stock valued at $28,007,307 in the last ninety days. Corporate insiders own 0.86% of the company’s stock.

Chubb Price Performance

Shares of NYSE:CB opened at $252.05 on Tuesday. The firm has a market cap of $102.35 billion, a price-to-earnings ratio of 11.19, a P/E/G ratio of 1.17 and a beta of 0.63. The firm has a fifty day moving average price of $251.90 and a 200 day moving average price of $237.45. Chubb Limited has a fifty-two week low of $183.71 and a fifty-two week high of $260.58. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.29 and a current ratio of 0.29.

Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, April 23rd. The financial services provider reported $5.41 EPS for the quarter, beating the consensus estimate of $5.29 by $0.12. Chubb had a net margin of 17.99% and a return on equity of 16.29%. The business had revenue of $12.22 billion during the quarter, compared to the consensus estimate of $11.75 billion. During the same quarter in the prior year, the firm earned $4.41 EPS. The business’s revenue was up 14.1% on a year-over-year basis. As a group, sell-side analysts expect that Chubb Limited will post 21.18 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Friday, March 15th were paid a $0.86 dividend. This represents a $3.44 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date was Thursday, March 14th. Chubb’s payout ratio is 15.27%.

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.