Merit Financial Group LLC Acquires 8,032 Shares of Chubb Limited $CB

Merit Financial Group LLC grew its holdings in shares of Chubb Limited (NYSE:CB) by 22.5% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 43,764 shares of the financial services provider’s stock after purchasing an additional 8,032 shares during the quarter. Merit Financial Group LLC’s holdings in Chubb were worth $13,660,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of CB. Harbor Capital Advisors Inc. boosted its holdings in shares of Chubb by 93.6% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 91 shares of the financial services provider’s stock worth $26,000 after buying an additional 44 shares in the last quarter. Cedar Mountain Advisors LLC lifted its holdings in shares of Chubb by 155.6% in the 3rd quarter. Cedar Mountain Advisors LLC now owns 92 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 56 shares in the last quarter. KERR FINANCIAL PLANNING Corp bought a new position in shares of Chubb in the 3rd quarter worth $31,000. Cornerstone Planning Group LLC lifted its holdings in shares of Chubb by 81.5% in the 3rd quarter. Cornerstone Planning Group LLC now owns 118 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 53 shares in the last quarter. Finally, Financial Consulate Inc. bought a new position in shares of Chubb in the 3rd quarter worth $37,000. 83.81% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CEO Evan G. Greenberg sold 15,060 shares of Chubb stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $331.47, for a total value of $4,991,938.20. Following the completion of the sale, the chief executive officer owned 511,576 shares of the company’s stock, valued at approximately $169,572,096.72. This trade represents a 2.86% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Olivier Steimer sold 2,000 shares of Chubb stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $329.30, for a total value of $658,600.00. Following the completion of the sale, the director directly owned 25,468 shares of the company’s stock, valued at approximately $8,386,612.40. This trade represents a 7.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 44,877 shares of company stock valued at $14,885,226. 0.77% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on CB shares. HSBC increased their target price on Chubb from $357.00 to $362.00 and gave the stock a “buy” rating in a report on Tuesday, April 7th. Wells Fargo & Company cut their target price on Chubb from $322.00 to $321.00 and set an “equal weight” rating on the stock in a report on Thursday, April 9th. Roth Mkm increased their target price on Chubb from $330.00 to $360.00 and gave the stock a “buy” rating in a report on Wednesday, February 4th. Bank of America cut their target price on Chubb from $286.00 to $271.00 and set an “underperform” rating on the stock in a report on Tuesday. Finally, BMO Capital Markets increased their target price on Chubb from $283.00 to $326.00 and gave the stock a “market perform” rating in a report on Tuesday, February 10th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $345.86.

Chubb Trading Up 0.7%

Shares of Chubb stock opened at $330.79 on Friday. The stock has a fifty day moving average price of $329.06 and a 200-day moving average price of $308.23. Chubb Limited has a 1 year low of $264.10 and a 1 year high of $345.67. The firm has a market cap of $129.09 billion, a PE ratio of 12.86, a P/E/G ratio of 1.74 and a beta of 0.49. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.27 and a quick ratio of 0.27.

Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, February 3rd. The financial services provider reported $7.52 earnings per share for the quarter, topping the consensus estimate of $6.33 by $1.19. Chubb had a return on equity of 13.15% and a net margin of 17.36%.The company had revenue of $2.08 billion during the quarter, compared to analyst estimates of $11.11 billion. During the same quarter last year, the firm posted $6.02 EPS. The firm’s revenue for the quarter was up 8.9% on a year-over-year basis. Equities research analysts anticipate that Chubb Limited will post 21.52 EPS for the current year.

Chubb Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 6th. Investors of record on Friday, March 13th were issued a $0.97 dividend. The ex-dividend date of this dividend was Friday, March 13th. This represents a $3.88 annualized dividend and a yield of 1.2%. Chubb’s dividend payout ratio (DPR) is 15.08%.

About Chubb

Chubb is a global property and casualty insurance company that underwrites a broad range of commercial and personal insurance products and related services. Its offerings include commercial property and casualty coverage, specialty liability, professional and management liability, cyber and technology insurance, marine and energy, surety, accident and health solutions, and high-net-worth personal lines such as homeowners, auto and valuables protection. Chubb serves businesses, individuals and institutions with tailored underwriting and risk-transfer solutions across multiple industry sectors.

In addition to core underwriting, Chubb provides risk engineering, loss control, claims management and risk consulting services intended to reduce loss severity and help clients manage exposures.