Delta Investment Management LLC Has $500,000 Stock Position in Chubb Limited (NYSE:CB)

Delta Investment Management LLC lifted its position in shares of Chubb Limited (NYSE:CB) by 3.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,809 shares of the financial services provider’s stock after acquiring an additional 58 shares during the quarter. Delta Investment Management LLC’s holdings in Chubb were worth $500,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in CB. Sierra Ocean LLC bought a new stake in shares of Chubb during the fourth quarter worth approximately $29,000. Crowley Wealth Management Inc. acquired a new stake in Chubb during the 4th quarter worth $29,000. Strategic Financial Concepts LLC bought a new stake in shares of Chubb during the 4th quarter valued at $30,000. Kayne Anderson Rudnick Investment Management LLC raised its position in shares of Chubb by 254.3% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 124 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 89 shares during the last quarter. Finally, Human Investing LLC acquired a new position in shares of Chubb in the 4th quarter valued at $36,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Analyst Ratings Changes

CB has been the topic of several analyst reports. Barclays cut their target price on Chubb from $324.00 to $321.00 and set an “overweight” rating on the stock in a research note on Friday, April 11th. Keefe, Bruyette & Woods lowered their price target on Chubb from $316.00 to $314.00 and set an “outperform” rating for the company in a research note on Thursday, April 24th. JMP Securities reissued a “market outperform” rating and set a $325.00 price objective on shares of Chubb in a research note on Wednesday, January 29th. Morgan Stanley boosted their price objective on shares of Chubb from $280.00 to $300.00 and gave the company an “equal weight” rating in a report on Monday. Finally, Wells Fargo & Company upped their target price on shares of Chubb from $268.00 to $278.00 and gave the company an “equal weight” rating in a research note on Thursday, April 24th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, Chubb presently has a consensus rating of “Moderate Buy” and a consensus target price of $307.86.

Insider Activity at Chubb

In related news, EVP Joseph F. Wayland sold 10,000 shares of Chubb 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 completion of the transaction, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO George F. Ohsiek sold 763 shares of the business’s stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $290.41, for a total value of $221,582.83. Following the completion of the transaction, the chief accounting officer now directly owns 20,044 shares in the company, valued at $5,820,978.04. This represents a 3.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 63,470 shares of company stock worth $18,562,730 over the last ninety days. Insiders own 0.77% of the company’s stock.

Chubb Stock Performance

NYSE CB opened at $294.29 on Tuesday. The firm’s fifty day moving average price is $288.63 and its two-hundred day moving average price is $280.78. The stock has a market cap of $117.93 billion, a PE ratio of 12.95, a PEG ratio of 3.36 and a beta of 0.57. 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 Limited has a fifty-two week low of $251.42 and a fifty-two week high of $306.91.

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

Chubb Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Friday, June 13th will be paid a $0.97 dividend. This is a positive change from Chubb’s previous quarterly dividend of $0.91. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date is Friday, June 13th. Chubb’s payout ratio is currently 17.52%.

Chubb declared that its Board of Directors has initiated a stock buyback program on Thursday, May 15th that authorizes the company to buyback $5.00 billion in outstanding shares. This buyback authorization authorizes the financial services provider to purchase up to 4.3% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.

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.