MGO One Seven LLC Buys 673 Shares of Chubb Limited (NYSE:CB)

MGO One Seven LLC boosted its position in shares of Chubb Limited (NYSE:CB) by 8.4% during the fourth quarter, Holdings Channel.com reports. The fund owned 8,721 shares of the financial services provider’s stock after acquiring an additional 673 shares during the quarter. MGO One Seven LLC’s holdings in Chubb were worth $2,410,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Barclays PLC raised its stake in Chubb by 28.1% during the 3rd quarter. Barclays PLC now owns 1,772,688 shares of the financial services provider’s stock valued at $511,226,000 after purchasing an additional 388,746 shares during the period. Invst LLC grew its holdings in Chubb by 6.0% during the 3rd quarter. Invst LLC now owns 915 shares of the financial services provider’s stock valued at $264,000 after buying an additional 52 shares in the last quarter. Boyar Asset Management Inc. raised its position in shares of Chubb by 3.8% during the third quarter. Boyar Asset Management Inc. now owns 2,789 shares of the financial services provider’s stock valued at $804,000 after buying an additional 102 shares during the last quarter. World Investment Advisors LLC lifted its holdings in shares of Chubb by 895.5% in the third quarter. World Investment Advisors LLC now owns 32,183 shares of the financial services provider’s stock worth $9,281,000 after buying an additional 28,950 shares in the last quarter. Finally, Sfmg LLC boosted its position in shares of Chubb by 2.4% during the third quarter. Sfmg LLC now owns 1,681 shares of the financial services provider’s stock worth $485,000 after acquiring an additional 40 shares during the last quarter. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Insider Buying and Selling

In related news, EVP Timothy Alan Boroughs sold 14,748 shares of the business’s stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $296.12, for a total transaction of $4,367,177.76. Following the transaction, the executive vice president now directly owns 29,194 shares in the company, valued at approximately $8,644,927.28. The trade was a 33.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Joseph F. Wayland sold 10,000 shares of the business’s stock in a transaction dated 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 completion of the transaction, the executive vice president now owns 77,703 shares in the company, valued at $22,297,652.88. The trade was a 11.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 63,470 shares of company stock worth $18,562,730 in the last 90 days. Insiders own 0.86% of the company’s stock.

Chubb Stock Performance

Shares of NYSE:CB opened at $282.10 on Friday. The company has a quick ratio of 0.28, a current ratio of 0.25 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $113.03 billion, a price-to-earnings ratio of 12.42, a price-to-earnings-growth ratio of 3.36 and a beta of 0.47. Chubb Limited has a 52 week low of $242.25 and a 52 week high of $306.91. The firm has a 50 day moving average of $286.14 and a 200 day moving average of $281.13.

Chubb (NYSE:CB) last announced its earnings results on Tuesday, April 22nd. The financial services provider reported $3.68 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $11.22 billion. On average, sell-side analysts predict that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Friday, March 14th were paid 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 1.29%. Chubb’s payout ratio is 16.02%.

Analysts Set New Price Targets

Several research analysts have commented on CB shares. 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 report on Wednesday, March 5th. JPMorgan Chase & Co. raised their price target on Chubb from $300.00 to $307.00 and gave the company a “neutral” rating in a report on Tuesday, April 8th. Jefferies Financial Group upped their price objective on Chubb from $307.00 to $308.00 and gave the stock a “hold” rating in a report on Friday, April 11th. 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, April 9th. Finally, Keefe, Bruyette & Woods decreased their price target on shares of Chubb from $316.00 to $314.00 and set an “outperform” rating on the stock in a research note on Thursday. Two analysts have rated the stock with a sell rating, five have given a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $307.79.

About Chubb

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.