Bison Wealth LLC Buys Shares of 1,163 Chubb Limited (NYSE:CB)

Bison Wealth LLC bought a new position in Chubb Limited (NYSE:CB) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 1,163 shares of the financial services provider’s stock, valued at approximately $263,000.

Other hedge funds have also recently modified their holdings of the company. Americana Partners LLC bought a new stake in Chubb in the 3rd quarter worth approximately $292,000. Lazard Asset Management LLC boosted its stake in shares of Chubb by 978.1% in the 3rd quarter. Lazard Asset Management LLC now owns 546,556 shares of the financial services provider’s stock worth $113,781,000 after buying an additional 495,860 shares during the last quarter. Alphinity Investment Management Pty Ltd increased its position in Chubb by 155.8% during the fourth quarter. Alphinity Investment Management Pty Ltd now owns 532,015 shares of the financial services provider’s stock valued at $120,235,000 after acquiring an additional 324,019 shares during the last quarter. Graypoint LLC increased its position in Chubb by 1,275.7% during the fourth quarter. Graypoint LLC now owns 31,599 shares of the financial services provider’s stock valued at $7,141,000 after acquiring an additional 29,302 shares during the last quarter. Finally, BKM Wealth Management LLC bought a new position in Chubb in the fourth quarter valued at about $1,403,000. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Insider Activity at Chubb

In related news, EVP Timothy Alan Boroughs sold 33,150 shares of Chubb stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $255.11, for a total value of $8,456,896.50. Following the completion of the transaction, the executive vice president now owns 50,486 shares in the company, valued at $12,879,483.46. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, insider John J. Lupica sold 34,464 shares of Chubb stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $258.92, for a total transaction of $8,923,418.88. Following the completion of the sale, the insider now directly owns 130,937 shares in the company, valued at $33,902,208.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Timothy Alan Boroughs sold 33,150 shares of Chubb stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $255.11, for a total value of $8,456,896.50. Following the sale, the executive vice president now directly owns 50,486 shares of the company’s stock, valued at approximately $12,879,483.46. The disclosure for this sale can be found here. Insiders have sold a total of 116,043 shares of company stock valued at $29,766,694 over the last 90 days. 0.86% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Keefe, Bruyette & Woods upped their price target on shares of Chubb from $275.00 to $297.00 and gave the company an “outperform” rating in a research report on Wednesday, April 10th. JPMorgan Chase & Co. increased their price target on shares of Chubb from $253.00 to $266.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. JMP Securities reiterated a “market outperform” rating and set a $280.00 price target on shares of Chubb in a research note on Monday. TD Cowen began coverage on Chubb in a research note on Wednesday, January 10th. They issued a “market perform” rating and a $254.00 price objective for the company. Finally, Morgan Stanley lifted their target price on Chubb from $258.00 to $260.00 and gave the company an “equal weight” rating in a research report on Monday. Nine investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $266.37.

Chubb Stock Down 0.7 %

Shares of CB stock opened at $243.46 on Thursday. The stock has a market cap of $98.84 billion, a P/E ratio of 11.15, a PEG ratio of 1.16 and a beta of 0.62. The company’s fifty day simple moving average is $252.43 and its two-hundred day simple moving average is $233.80. 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 52 week low of $183.71 and a 52 week high of $260.58.

Chubb (NYSE:CB) last announced its quarterly earnings results on Tuesday, January 30th. The financial services provider reported $8.30 EPS for the quarter, beating analysts’ consensus estimates of $5.07 by $3.23. Chubb had a return on equity of 16.45% and a net margin of 18.11%. The company had revenue of $13.38 billion during the quarter, compared to analyst estimates of $12.88 billion. Analysts predict that Chubb Limited will post 21.15 EPS for the current fiscal year.

Chubb Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Friday, March 15th were given a $0.86 dividend. This represents a $3.44 annualized dividend and a yield of 1.41%. The ex-dividend date of this dividend was Thursday, March 14th. Chubb’s dividend payout ratio is presently 15.76%.

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.