Caerus Investment Advisors LLC Grows Position in Chubb Limited $CB

Caerus Investment Advisors LLC lifted its stake in Chubb Limited (NYSE:CB) by 33.1% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 6,309 shares of the financial services provider’s stock after buying an additional 1,570 shares during the quarter. Chubb accounts for approximately 0.6% of Caerus Investment Advisors LLC’s holdings, making the stock its 19th largest position. Caerus Investment Advisors LLC’s holdings in Chubb were worth $1,969,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. CBIZ Investment Advisory Services LLC raised its stake in Chubb by 148.5% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 82 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 49 shares in the last quarter. Laurel Wealth Advisors LLC purchased a new stake in Chubb during the fourth quarter valued at $31,000. Ares Financial Consulting LLC purchased a new stake in Chubb during the fourth quarter valued at $32,000. KERR FINANCIAL PLANNING Corp purchased a new stake in Chubb during the third quarter valued at $31,000. Finally, Cherry Tree Wealth Management LLC raised its stake in Chubb by 38.3% during the fourth quarter. Cherry Tree Wealth Management LLC now owns 112 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 31 shares in the last quarter. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Chubb Trading Down 0.7%

Shares of CB opened at $328.14 on Friday. Chubb Limited has a twelve month low of $264.10 and a twelve month high of $345.67. The company has a market cap of $127.27 billion, a P/E ratio of 11.59, a P/E/G ratio of 1.69 and a beta of 0.41. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.20. The company’s fifty day simple moving average is $324.92 and its 200-day simple moving average is $318.88.

Chubb (NYSE:CB) last announced its earnings results on Tuesday, March 31st. The financial services provider reported $6.82 earnings per share for the quarter. Chubb had a net margin of 18.58% and a return on equity of 14.30%. The business had revenue of $14.93 billion for the quarter. As a group, analysts expect that Chubb Limited will post 26.8 EPS for the current year.

Chubb Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Stockholders of record on Friday, June 12th will be issued a $1.02 dividend. The ex-dividend date is Friday, June 12th. This is a boost from Chubb’s previous quarterly dividend of $0.97. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.2%. Chubb’s dividend payout ratio (DPR) is currently 13.70%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on CB shares. JPMorgan Chase & Co. upped their price target on shares of Chubb from $330.00 to $340.00 and gave the company a “neutral” rating in a research note on Monday, April 20th. Barclays upped their price target on shares of Chubb from $374.00 to $375.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 22nd. Mizuho decreased their price target on shares of Chubb from $336.00 to $335.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 14th. Evercore upped their price target on shares of Chubb from $347.00 to $349.00 and gave the company an “outperform” rating in a research note on Wednesday, April 22nd. Finally, BMO Capital Markets upped their price target on shares of Chubb from $326.00 to $339.00 and gave the company a “market perform” rating in a research note on Friday, April 24th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Chubb currently has an average rating of “Moderate Buy” and an average price target of $349.43.

Insider Transactions at Chubb

In other news, Director Olivier Steimer sold 2,000 shares of the company’s stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of $329.30, for a total value of $658,600.00. Following the transaction, the director directly owned 25,468 shares in the company, valued at approximately $8,386,612.40. This represents a 7.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO John W. Keogh sold 23,000 shares of the company’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $321.51, for a total transaction of $7,394,730.00. Following the completion of the transaction, the chief operating officer owned 203,322 shares in the company, valued at approximately $65,370,056.22. The trade was a 10.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.37% of the company’s stock.

Chubb Profile

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.