Zevin Asset Management LLC Has $13.09 Million Holdings in Chubb Limited (NYSE:CB)

Zevin Asset Management LLC grew its holdings in Chubb Limited (NYSE:CB) by 15.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 47,370 shares of the financial services provider’s stock after purchasing an additional 6,232 shares during the period. Chubb comprises approximately 1.9% of Zevin Asset Management LLC’s investment portfolio, making the stock its 20th biggest holding. Zevin Asset Management LLC’s holdings in Chubb were worth $13,088,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CB. Impax Asset Management Group plc acquired a new position in Chubb during the third quarter worth $26,336,000. Harbour Investments Inc. increased its holdings in Chubb by 3.3% during the third quarter. Harbour Investments Inc. now owns 2,083 shares of the financial services provider’s stock worth $601,000 after buying an additional 66 shares during the last quarter. Ashton Thomas Private Wealth LLC increased its holdings in Chubb by 7.9% during the third quarter. Ashton Thomas Private Wealth LLC now owns 2,079 shares of the financial services provider’s stock worth $600,000 after buying an additional 153 shares during the last quarter. Kovack Advisors Inc. acquired a new position in Chubb during the third quarter worth $234,000. Finally, Plato Investment Management Ltd acquired a new position in Chubb during the third quarter worth $1,973,000. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on CB shares. Keefe, Bruyette & Woods boosted their target price on shares of Chubb from $328.00 to $329.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Barclays reduced their target price on shares of Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a research report on Monday, January 6th. JMP Securities reissued a “market outperform” rating and issued a $325.00 target price on shares of Chubb in a research report on Wednesday, January 29th. Royal Bank of Canada reissued an “outperform” rating and issued a $320.00 target price on shares of Chubb in a research report on Thursday, January 30th. Finally, Hsbc Global Res raised shares of Chubb from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 5th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Chubb currently has an average rating of “Hold” and a consensus price target of $301.00.

Chubb Stock Up 2.0 %

CB stock opened at $294.46 on Friday. The company has a market cap of $117.91 billion, a PE ratio of 12.96, a price-to-earnings-growth ratio of 3.36 and a beta of 0.66. The business has a 50-day simple moving average of $273.60 and a 200 day simple moving average of $280.82. Chubb Limited has a 52 week low of $238.85 and a 52 week high of $302.05. The company has a quick ratio of 0.28, a current ratio of 0.25 and a debt-to-equity ratio of 0.21.

Chubb (NYSE:CB) last posted its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $6.02 EPS for the quarter, beating analysts’ consensus estimates of $5.33 by $0.69. Chubb had a return on equity of 13.75% and a net margin of 16.63%. Sell-side analysts anticipate that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 14th will be issued a $0.91 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.24%. Chubb’s dividend payout ratio (DPR) is currently 16.02%.

Insider Transactions at Chubb

In related news, EVP Joseph F. Wayland sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $286.96, for a total value of $2,869,600.00. Following the completion of the transaction, the executive vice president now owns 77,703 shares in the company, valued at $22,297,652.88. This trade represents a 11.40 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Evan G. Greenberg sold 25,728 shares of the firm’s stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $291.45, for a total transaction of $7,498,425.60. Following the completion of the transaction, the chief executive officer now owns 584,395 shares of the company’s stock, valued at approximately $170,321,922.75. This trade represents a 4.22 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.86% of the company’s stock.

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.