May Hill Capital LLC Takes Position in Chubb Limited (NYSE:CB)

May Hill Capital LLC bought a new stake in shares of Chubb Limited (NYSE:CB) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 919 shares of the financial services provider’s stock, valued at approximately $254,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Nemes Rush Group LLC grew its position in shares of Chubb by 5.8% during the fourth quarter. Nemes Rush Group LLC now owns 57,919 shares of the financial services provider’s stock valued at $16,003,000 after purchasing an additional 3,190 shares in the last quarter. Alliancebernstein L.P. increased its stake in Chubb by 130.0% in the 4th quarter. Alliancebernstein L.P. now owns 956,522 shares of the financial services provider’s stock worth $264,287,000 after acquiring an additional 540,554 shares during the last quarter. Bedell Frazier Investment Counselling LLC raised its holdings in shares of Chubb by 8.3% during the 4th quarter. Bedell Frazier Investment Counselling LLC now owns 2,220 shares of the financial services provider’s stock worth $613,000 after acquiring an additional 170 shares in the last quarter. Edmond DE Rothschild Holding S.A. boosted its position in shares of Chubb by 21.6% during the 4th quarter. Edmond DE Rothschild Holding S.A. now owns 900 shares of the financial services provider’s stock valued at $249,000 after acquiring an additional 160 shares during the last quarter. Finally, Hazlett Burt & Watson Inc. boosted its position in shares of Chubb by 8.8% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 667 shares of the financial services provider’s stock valued at $185,000 after acquiring an additional 54 shares during the last quarter. 83.81% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on CB shares. Hsbc Global Res raised shares of Chubb from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 5th. JMP Securities restated a “market outperform” rating and set a $325.00 target price on shares of Chubb in a research report on Wednesday, January 29th. HSBC upgraded Chubb from a “hold” rating to a “buy” rating and set a $323.00 price target for the company in a research report on Wednesday, March 5th. JPMorgan Chase & Co. upped their price objective on Chubb from $296.00 to $300.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Finally, Keefe, Bruyette & Woods lifted their target price on Chubb from $328.00 to $329.00 and gave the stock an “outperform” rating in a 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.com, the stock currently has an average rating of “Hold” and an average price target of $303.14.

Chubb Trading Down 0.1 %

CB stock opened at $301.54 on Wednesday. The company has a market capitalization of $120.74 billion, a PE ratio of 13.27, a P/E/G ratio of 3.36 and a beta of 0.66. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.25 and a quick ratio of 0.28. Chubb Limited has a 12 month low of $238.85 and a 12 month high of $304.34. The firm’s 50-day moving average is $280.57 and its 200 day moving average is $281.60.

Chubb (NYSE:CB) last posted its quarterly 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%. On average, research analysts anticipate that Chubb Limited will post 21.52 EPS for the current year.

Chubb Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 14th will be given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date is Friday, March 14th. Chubb’s payout ratio is 16.02%.

Insider Activity

In other news, CEO Evan G. Greenberg sold 25,728 shares of Chubb stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $291.45, for a total value of $7,498,425.60. Following the transaction, the chief executive officer now directly owns 584,395 shares in the company, valued at approximately $170,321,922.75. This trade represents a 4.22 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Joseph F. Wayland sold 10,000 shares of the company’s stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $286.96, for a total value of $2,869,600.00. Following the sale, the executive vice president now owns 77,703 shares of the company’s stock, valued at $22,297,652.88. This trade represents a 11.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 63,470 shares of company stock worth $18,562,730. 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.