Chubb Limited $CB Shares Purchased by Level Four Advisory Services LLC

Level Four Advisory Services LLC boosted its holdings in shares of Chubb Limited (NYSE:CB) by 1.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,735 shares of the financial services provider’s stock after acquiring an additional 194 shares during the period. Level Four Advisory Services LLC’s holdings in Chubb were worth $3,690,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of CB. 1248 Management LLC acquired a new position in shares of Chubb during the 1st quarter worth approximately $31,000. WPG Advisers LLC purchased a new position in Chubb during the first quarter worth $33,000. VSM Wealth Advisory LLC purchased a new position in Chubb during the second quarter worth $32,000. Clal Insurance Enterprises Holdings Ltd raised its holdings in shares of Chubb by 391.7% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 118 shares of the financial services provider’s stock worth $36,000 after acquiring an additional 94 shares during the last quarter. Finally, Maseco LLP purchased a new stake in shares of Chubb in the second quarter valued at $35,000. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Chubb Stock Performance

Shares of CB stock opened at $296.37 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.28 and a current ratio of 0.27. The firm has a market capitalization of $116.63 billion, a price-to-earnings ratio of 12.37, a price-to-earnings-growth ratio of 2.74 and a beta of 0.58. Chubb Limited has a one year low of $252.16 and a one year high of $306.91. The company has a 50 day moving average price of $284.54 and a 200 day moving average price of $281.60.

Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, October 21st. The financial services provider reported $7.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.51 by $1.98. The company had revenue of $16.15 billion during the quarter, compared to analysts’ expectations of $12.95 billion. Chubb had a net margin of 16.53% and a return on equity of 12.93%. The business’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same period in the previous year, the company earned $5.72 EPS. Sell-side analysts anticipate that Chubb Limited will post 21.52 EPS for the current year.

Chubb Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Friday, December 12th will be issued a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Friday, December 12th. Chubb’s dividend payout ratio (DPR) is 16.19%.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. UBS Group lifted their price objective on Chubb from $292.00 to $298.00 and gave the stock a “neutral” rating in a research report on Monday, October 27th. The Goldman Sachs Group reiterated a “neutral” rating and set a $309.00 price target on shares of Chubb in a report on Monday, October 27th. JMP Securities reissued a “market outperform” rating and set a $325.00 price objective on shares of Chubb in a research note on Wednesday, October 22nd. Hsbc Global Res cut shares of Chubb from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 1st. Finally, Cantor Fitzgerald reissued a “neutral” rating and set a $300.00 price target on shares of Chubb in a research note on Monday, October 27th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $308.11.

Insider Activity

In other Chubb news, EVP Timothy Alan Boroughs sold 10,580 shares of Chubb stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of $296.17, for a total transaction of $3,133,478.60. Following the transaction, the executive vice president directly owned 12,660 shares of the company’s stock, valued at $3,749,512.20. The trade was a 45.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider John J. Lupica sold 23,698 shares of the business’s stock in a transaction that occurred on Monday, October 27th. The stock was sold at an average price of $281.00, for a total transaction of $6,659,138.00. Following the sale, the insider owned 90,600 shares of the company’s stock, valued at approximately $25,458,600. This represents a 20.73% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 57,333 shares of company stock valued at $16,629,873 in the last three months. Corporate insiders own 0.77% of the company’s stock.

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.