Advisor Resource Council Makes New Investment in Chubb Limited (NYSE:CB)

Advisor Resource Council acquired a new position in shares of Chubb Limited (NYSE:CBGet Rating) during the 4th quarter, Holdings Channel reports. The fund acquired 1,835 shares of the financial services provider’s stock, valued at approximately $355,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of CB. Wellington Management Group LLP increased its stake in Chubb by 1.3% during the third quarter. Wellington Management Group LLP now owns 28,179,660 shares of the financial services provider’s stock worth $4,888,607,000 after acquiring an additional 364,428 shares during the last quarter. Neuberger Berman Group LLC boosted its position in shares of Chubb by 30.2% during the third quarter. Neuberger Berman Group LLC now owns 1,502,904 shares of the financial services provider’s stock valued at $259,827,000 after buying an additional 348,808 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in shares of Chubb by 76.4% during the third quarter. Arrowstreet Capital Limited Partnership now owns 804,792 shares of the financial services provider’s stock valued at $139,615,000 after buying an additional 348,500 shares during the period. UBS Asset Management Americas Inc. boosted its position in shares of Chubb by 14.1% during the third quarter. UBS Asset Management Americas Inc. now owns 2,289,189 shares of the financial services provider’s stock valued at $397,129,000 after buying an additional 283,313 shares during the period. Finally, Allspring Global Investments Holdings LLC purchased a new position in shares of Chubb during the fourth quarter valued at approximately $41,798,000. 88.86% of the stock is currently owned by institutional investors.

In related news, EVP Timothy Alan Boroughs sold 15,933 shares of the company’s stock in a transaction on Thursday, May 5th. The stock was sold at an average price of $211.83, for a total value of $3,375,087.39. Following the transaction, the executive vice president now directly owns 65,667 shares of the company’s stock, valued at approximately $13,910,240.61. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider John J. Lupica sold 901 shares of the company’s stock in a transaction on Wednesday, February 23rd. The shares were sold at an average price of $204.39, for a total value of $184,155.39. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 68,993 shares of company stock worth $14,424,803. Insiders own 0.39% of the company’s stock.

Shares of CB stock opened at $204.00 on Friday. The business’s fifty day simple moving average is $210.59 and its 200-day simple moving average is $200.94. The company has a market cap of $86.44 billion, a PE ratio of 10.86, a PEG ratio of 1.37 and a beta of 0.73. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.26. Chubb Limited has a 12-month low of $155.78 and a 12-month high of $218.99.

Chubb (NYSE:CBGet Rating) last issued its quarterly earnings results on Tuesday, April 26th. The financial services provider reported $3.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.48 by $0.34. Chubb had a return on equity of 10.30% and a net margin of 19.65%. During the same quarter in the prior year, the firm earned $2.52 EPS. On average, equities analysts forecast that Chubb Limited will post 14.92 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 8th. Stockholders of record on Friday, June 17th will be given a dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, June 16th. This is an increase from Chubb’s previous quarterly dividend of $0.80. This represents a $3.32 dividend on an annualized basis and a dividend yield of 1.63%. Chubb’s dividend payout ratio is presently 17.04%.

CB has been the subject of several recent analyst reports. Argus boosted their target price on Chubb from $210.00 to $230.00 in a research report on Thursday, February 10th. Barclays dropped their target price on Chubb from $250.00 to $249.00 and set an “overweight” rating for the company in a research report on Friday. StockNews.com initiated coverage on Chubb in a research report on Thursday, March 31st. They set a “hold” rating for the company. Raymond James boosted their price target on Chubb from $240.00 to $250.00 in a report on Thursday, April 28th. Finally, Morgan Stanley boosted their price target on Chubb from $210.00 to $224.00 and gave the company an “equal weight” rating in a report on Friday, February 4th. Four research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of $221.73.

About Chubb (Get Rating)

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, cyber risk, surety, and excess casualty; and group accident and health insurance to large, middle market, and small commercial businesses.

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Institutional Ownership by Quarter for Chubb (NYSE:CB)

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