PDS Planning Inc Grows Stock Holdings in Chubb Limited (NYSE:CB)

PDS Planning Inc grew its holdings in shares of Chubb Limited (NYSE:CB) by 2.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 2,473 shares of the financial services provider’s stock after purchasing an additional 66 shares during the period. PDS Planning Inc’s holdings in Chubb were worth $683,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Ironwood Investment Counsel LLC grew its position in Chubb by 2.1% in the 3rd quarter. Ironwood Investment Counsel LLC now owns 1,721 shares of the financial services provider’s stock worth $496,000 after purchasing an additional 35 shares during the period. Continuum Advisory LLC grew its position in Chubb by 56.5% in the 3rd quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 35 shares during the period. First Financial Bank Trust Division grew its position in Chubb by 3.7% in the 4th quarter. First Financial Bank Trust Division now owns 1,026 shares of the financial services provider’s stock worth $283,000 after purchasing an additional 37 shares during the period. Rede Wealth LLC grew its position in Chubb by 2.0% in the 4th quarter. Rede Wealth LLC now owns 1,900 shares of the financial services provider’s stock worth $525,000 after purchasing an additional 37 shares during the period. Finally, Sfmg LLC grew its position in Chubb by 2.4% in the 3rd quarter. Sfmg LLC now owns 1,681 shares of the financial services provider’s stock worth $485,000 after purchasing an additional 40 shares during the period. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Chubb

In related news, EVP Joseph F. Wayland sold 10,000 shares of the company’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 transaction of $2,869,600.00. Following the sale, the executive vice president now directly owns 77,703 shares of the company’s stock, valued at $22,297,652.88. This represents a 11.40 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO George F. Ohsiek sold 763 shares of the company’s stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $290.41, for a total transaction of $221,582.83. Following the sale, the chief accounting officer now directly owns 20,044 shares in the company, valued at approximately $5,820,978.04. The trade was a 3.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 36,491 shares of company stock worth $10,589,608. 0.86% of the stock is currently owned by insiders.

Chubb Stock Performance

CB opened at $295.49 on Wednesday. The firm has a market capitalization of $118.32 billion, a PE ratio of 13.01, a PEG ratio of 3.36 and a beta of 0.66. Chubb Limited has a twelve month low of $238.85 and a twelve month high of $302.05. The firm’s 50-day moving average price is $274.75 and its 200 day moving average price is $281.05. The company has a current ratio of 0.25, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21.

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

Chubb Dividend Announcement

The business also recently disclosed 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 is Friday, March 14th. This represents a $3.64 annualized dividend and a dividend yield of 1.23%. Chubb’s dividend payout ratio is currently 16.02%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on CB shares. Royal Bank of Canada reissued an “outperform” rating and set a $320.00 price objective on shares of Chubb in a research report on Thursday, January 30th. JPMorgan Chase & Co. boosted their price objective on shares of Chubb from $296.00 to $300.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Wells Fargo & Company cut their price objective on shares of Chubb from $268.00 to $264.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 14th. Barclays cut their price objective 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. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Chubb from $328.00 to $329.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Chubb has an average rating of “Hold” and a consensus price target of $301.00.

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.