Nearwater Capital Markets Ltd Acquires Shares of 36,000 Chubb Limited (NYSE:CB)

Nearwater Capital Markets Ltd purchased a new stake in shares of Chubb Limited (NYSE:CB) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 36,000 shares of the financial services provider’s stock, valued at approximately $9,947,000.

A number of other large investors have also added to or reduced their stakes in the stock. Sierra Ocean LLC purchased a new stake in Chubb in the 4th quarter worth about $29,000. Crowley Wealth Management Inc. bought a new stake in shares of Chubb during the fourth quarter valued at about $29,000. Strategic Financial Concepts LLC purchased a new stake in shares of Chubb in the fourth quarter worth about $30,000. Kayne Anderson Rudnick Investment Management LLC grew its stake in Chubb by 254.3% during the fourth 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 in the last quarter. Finally, Human Investing LLC purchased a new stake in Chubb in the 4th quarter worth approximately $36,000. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Wall Street Analysts Forecast Growth

CB has been the subject of a number of research analyst reports. Royal Bank of Canada reiterated an “outperform” rating and set a $320.00 price target on shares of Chubb in a research report on Thursday, January 30th. HSBC raised Chubb from a “hold” rating to a “buy” rating and set a $323.00 target price on the stock in a research note on Wednesday, March 5th. Jefferies Financial Group raised their price target on Chubb from $307.00 to $308.00 and gave the company a “hold” rating in a report on Friday, April 11th. Hsbc Global Res upgraded shares of Chubb from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 5th. Finally, Barclays dropped their target price on Chubb from $324.00 to $321.00 and set an “overweight” rating on the stock in a research report on Friday, April 11th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $307.86.

Chubb Stock Performance

NYSE CB opened at $285.30 on Wednesday. The company has a market cap of $114.33 billion, a P/E ratio of 12.56, a P/E/G ratio of 3.36 and a beta of 0.57. The business’s 50 day moving average price is $288.48 and its 200-day moving average price is $280.62. Chubb Limited has a fifty-two week low of $251.42 and a fifty-two week high of $306.91. 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 (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 business had revenue of $12.65 billion for the quarter, compared to the consensus estimate of $11.22 billion. Sell-side analysts predict that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Friday, March 14th were paid a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 1.28%. The ex-dividend date was Friday, March 14th. Chubb’s payout ratio is currently 17.52%.

Insider Buying and Selling at Chubb

In related news, EVP Joseph F. Wayland sold 10,000 shares of the company’s stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $286.96, for a total transaction of $2,869,600.00. Following the completion of the sale, the executive vice president now directly owns 77,703 shares in the company, valued at $22,297,652.88. This represents a 11.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Evan G. Greenberg sold 25,728 shares of Chubb stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $291.45, for a total transaction of $7,498,425.60. Following the completion of the transaction, the chief executive officer now directly owns 584,395 shares in the company, valued at $170,321,922.75. This represents a 4.22% 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 over the last 90 days. Company insiders own 0.77% of the company’s stock.

Chubb 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.