Brookstone Capital Management Invests $207,000 in Chubb Limited (NYSE:CB)

Brookstone Capital Management acquired a new position in shares of Chubb Limited (NYSE:CB) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 914 shares of the financial services provider’s stock, valued at approximately $207,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in CB. Fairfield Bush & CO. bought a new stake in shares of Chubb during the 1st quarter worth approximately $195,000. Roundview Capital LLC raised its stake in Chubb by 2.6% in the 1st quarter. Roundview Capital LLC now owns 4,165 shares of the financial services provider’s stock valued at $891,000 after acquiring an additional 106 shares during the period. Sequoia Financial Advisors LLC raised its stake in Chubb by 59.8% in the 1st quarter. Sequoia Financial Advisors LLC now owns 3,029 shares of the financial services provider’s stock valued at $648,000 after acquiring an additional 1,134 shares during the period. Brighton Jones LLC raised its stake in Chubb by 18.7% in the 1st quarter. Brighton Jones LLC now owns 1,287 shares of the financial services provider’s stock valued at $276,000 after acquiring an additional 203 shares during the period. Finally, Baird Financial Group Inc. raised its stake in Chubb by 22.0% in the 1st quarter. Baird Financial Group Inc. now owns 154,794 shares of the financial services provider’s stock valued at $33,110,000 after acquiring an additional 27,926 shares during the period. Institutional investors own 83.81% of the company’s stock.

Insider Activity at Chubb

In other news, insider John J. Lupica sold 34,464 shares of Chubb stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $258.92, for a total transaction of $8,923,418.88. Following the sale, the insider now directly owns 130,937 shares of the company’s stock, valued at $33,902,208.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CAO Annmarie T. Hagan sold 7,180 shares of Chubb stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $245.04, for a total transaction of $1,759,387.20. Following the sale, the chief accounting officer now directly owns 6,105 shares of the company’s stock, valued at $1,495,969.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider John J. Lupica sold 34,464 shares of Chubb stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $258.92, for a total value of $8,923,418.88. Following the sale, 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 have sold 116,043 shares of company stock valued at $29,766,694 over the last ninety days. 0.37% of the stock is owned by corporate insiders.

Chubb Stock Performance

NYSE:CB opened at $258.50 on Thursday. The stock’s 50-day simple moving average is $249.27 and its 200 day simple moving average is $229.46. The firm has a market capitalization of $104.89 billion, a PE ratio of 11.84, a price-to-earnings-growth ratio of 1.21 and a beta of 0.62. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.20. Chubb Limited has a twelve month low of $183.71 and a twelve month high of $260.58.

Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, January 30th. The financial services provider reported $8.30 earnings per share for the quarter, beating the consensus estimate of $5.07 by $3.23. The business had revenue of $13.38 billion for the quarter, compared to analyst estimates of $12.88 billion. Chubb had a return on equity of 16.45% and a net margin of 18.11%. On average, analysts anticipate that Chubb Limited will post 21.16 EPS for the current fiscal year.

Chubb Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 5th. Investors of record on Friday, March 15th will be paid a $0.86 dividend. This represents a $3.44 annualized dividend and a yield of 1.33%. The ex-dividend date is Thursday, March 14th. Chubb’s dividend payout ratio (DPR) is presently 15.76%.

Wall Street Analysts Forecast Growth

CB has been the topic of a number of research analyst reports. Citigroup restated a “neutral” rating and issued a $275.00 price target (up previously from $238.00) on shares of Chubb in a research note on Thursday, March 14th. JMP Securities increased their price target on Chubb from $250.00 to $280.00 and gave the company a “market outperform” rating in a research note on Wednesday, January 31st. StockNews.com cut Chubb from a “buy” rating to a “hold” rating in a research note on Friday, March 22nd. Roth Mkm increased their price target on Chubb from $260.00 to $280.00 and gave the company a “buy” rating in a research note on Wednesday, January 31st. Finally, HSBC initiated coverage on Chubb in a research report on Thursday, December 28th. They set a “buy” rating and a $263.00 price objective on the stock. Ten equities research 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. Based on data from MarketBeat, Chubb currently has a consensus rating of “Moderate Buy” and an average price target of $255.06.

Chubb Company 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.