Altman Advisors Inc. Acquires 46 Shares of Chubb Limited (NYSE:CB)

Altman Advisors Inc. grew its stake in shares of Chubb Limited (NYSE:CB) by 0.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,370 shares of the financial services provider’s stock after buying an additional 46 shares during the period. Altman Advisors Inc.’s holdings in Chubb were worth $2,036,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Sierra Ocean LLC bought a new stake in Chubb in the 4th quarter valued at $29,000. Crowley Wealth Management Inc. purchased a new position in shares of Chubb during the fourth quarter valued at about $29,000. Strategic Financial Concepts LLC bought a new stake in shares of Chubb in the fourth quarter worth about $30,000. Human Investing LLC purchased a new stake in shares of Chubb in the fourth quarter worth about $36,000. Finally, Mainstream Capital Management LLC bought a new position in Chubb during the fourth quarter valued at approximately $37,000. Institutional investors own 83.81% of the company’s stock.

Insider Buying and Selling at Chubb

In other Chubb news, CEO Evan G. Greenberg sold 25,728 shares of the company’s 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 completion of the sale, the chief executive officer now directly owns 584,395 shares in the company, valued at approximately $170,321,922.75. This represents a 4.22 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Joseph F. Wayland sold 10,000 shares of the 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 transaction, the executive vice president now directly owns 77,703 shares in the company, valued at $22,297,652.88. The trade was a 11.40 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 63,470 shares of company stock valued at $18,562,730 in the last three months. Company insiders own 0.86% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on CB shares. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $320.00 price objective on shares of Chubb in a research note on Thursday, January 30th. UBS Group boosted their price target on shares of Chubb from $298.00 to $303.00 and gave the stock a “neutral” rating in a research report on Wednesday. JPMorgan Chase & Co. increased their price objective on shares of Chubb from $300.00 to $307.00 and gave the company a “neutral” rating in a research report on Tuesday, April 8th. HSBC raised shares of Chubb from a “hold” rating to a “buy” rating and set a $323.00 price objective for the company in a research note on Wednesday, March 5th. Finally, Barclays decreased their target price on shares of Chubb from $324.00 to $321.00 and set an “overweight” rating on the stock in a research report on Friday. 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 assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $307.21.

Chubb Trading Up 0.3 %

Shares of NYSE CB opened at $283.30 on Friday. The business’s 50 day moving average price is $283.03 and its 200-day moving average price is $281.28. Chubb Limited has a fifty-two week low of $238.85 and a fifty-two week high of $306.91. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.25. The company has a market cap of $113.51 billion, a price-to-earnings ratio of 12.47, a PEG ratio of 3.36 and a beta of 0.47.

Chubb (NYSE:CB) last released its earnings results on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share for the quarter, topping 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%. On average, sell-side analysts expect that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Friday, March 14th were issued a dividend of $0.91 per share. The ex-dividend date was Friday, March 14th. This represents a $3.64 dividend on an annualized basis and a yield of 1.28%. Chubb’s payout ratio is 16.02%.

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.