MML Investors Services LLC Increases Stock Position in Chubb Limited (NYSE:CB)

MML Investors Services LLC lifted its holdings in Chubb Limited (NYSE:CB) by 6.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 50,971 shares of the financial services provider’s stock after buying an additional 3,255 shares during the quarter. MML Investors Services LLC’s holdings in Chubb were worth $14,083,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Sierra Ocean LLC purchased a new position in shares of Chubb during the fourth quarter valued at approximately $29,000. Crowley Wealth Management Inc. bought a new position in Chubb during the 4th quarter valued at approximately $29,000. Strategic Financial Concepts LLC purchased a new position in Chubb during the fourth quarter valued at $30,000. Human Investing LLC bought a new stake in Chubb in the fourth quarter worth $36,000. Finally, Mainstream Capital Management LLC purchased a new stake in shares of Chubb in the fourth quarter worth $37,000. 83.81% of the stock is owned by hedge funds and other institutional investors.

Chubb Trading Up 3.9 %

Shares of NYSE:CB opened at $290.58 on Wednesday. The stock’s 50-day simple moving average is $285.38 and its two-hundred day simple moving average is $281.07. The stock has a market capitalization of $116.43 billion, a price-to-earnings ratio of 12.79, a PEG ratio of 3.36 and a beta of 0.47. Chubb Limited has a 52-week low of $238.85 and a 52-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.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $3.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.28 by $0.40. Chubb had a net margin of 16.63% and a return on equity of 13.75%. The company had revenue of $12.65 billion for the quarter, compared to the consensus estimate of $11.22 billion. Analysts expect that Chubb Limited will post 21.52 EPS for the current year.

Chubb Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Friday, March 14th were paid a $0.91 dividend. The ex-dividend date was Friday, March 14th. This represents a $3.64 annualized dividend and a dividend yield of 1.25%. Chubb’s dividend payout ratio (DPR) is 16.02%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Jefferies Financial Group lifted their price target on Chubb from $307.00 to $308.00 and gave the stock a “hold” rating in a research report on Friday, April 11th. Barclays dropped their target price on shares of Chubb from $324.00 to $321.00 and set an “overweight” rating on the stock in a research note on Friday, April 11th. Hsbc Global Res raised shares of Chubb from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 5th. JMP Securities reaffirmed a “market outperform” rating and issued a $325.00 price objective on shares of Chubb in a research report on Wednesday, January 29th. Finally, UBS Group lifted their target price on Chubb from $298.00 to $303.00 and gave the stock a “neutral” rating in a report on Wednesday, April 9th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Chubb has an average rating of “Hold” and a consensus price target of $307.21.

Insider Buying and Selling

In other news, EVP Joseph F. Wayland sold 10,000 shares of the firm’s stock in a transaction 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 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 document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Timothy Alan Boroughs sold 14,748 shares of the firm’s stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $296.12, for a total value of $4,367,177.76. Following the sale, the executive vice president now directly owns 29,194 shares in the company, valued at approximately $8,644,927.28. This represents a 33.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 63,470 shares of company stock valued at $18,562,730. 0.86% of the stock is owned by company insiders.

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.