Guardian Capital LLC Buys Shares of 2,091 Chubb Limited $CB

Guardian Capital LLC bought a new stake in shares of Chubb Limited (NYSE:CB) in the 4th quarter, Holdings Channel reports. The firm bought 2,091 shares of the financial services provider’s stock, valued at approximately $653,000.

Several other large investors have also modified their holdings of CB. Brighton Jones LLC boosted its position in shares of Chubb by 12.8% during the fourth quarter. Brighton Jones LLC now owns 1,945 shares of the financial services provider’s stock valued at $537,000 after buying an additional 221 shares during the period. Revolve Wealth Partners LLC purchased a new position in shares of Chubb during the fourth quarter valued at approximately $205,000. Woodline Partners LP boosted its position in shares of Chubb by 13.0% during the first quarter. Woodline Partners LP now owns 12,599 shares of the financial services provider’s stock valued at $3,805,000 after buying an additional 1,449 shares during the period. Sivia Capital Partners LLC boosted its position in shares of Chubb by 14.4% during the second quarter. Sivia Capital Partners LLC now owns 1,392 shares of the financial services provider’s stock valued at $403,000 after buying an additional 175 shares during the period. Finally, Sei Investments Co. boosted its position in shares of Chubb by 9.3% during the second quarter. Sei Investments Co. now owns 201,226 shares of the financial services provider’s stock valued at $58,305,000 after buying an additional 17,155 shares during the period. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Chubb Stock Up 1.3%

Shares of NYSE CB opened at $324.20 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.28 and a current ratio of 0.28. The firm has a market capitalization of $125.74 billion, a price-to-earnings ratio of 11.45, a PEG ratio of 1.66 and a beta of 0.43. The stock has a 50 day moving average price of $326.19 and a 200 day moving average price of $314.01. Chubb Limited has a 52-week low of $264.10 and a 52-week high of $345.67.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, March 31st. The financial services provider reported $6.82 earnings per share for the quarter. The company had revenue of $14.93 billion during the quarter. Chubb had a return on equity of 14.30% and a net margin of 18.58%. Sell-side analysts expect that Chubb Limited will post 26.78 earnings per share for the current year.

Chubb Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 6th. Investors of record on Friday, March 13th were given a $0.97 dividend. This represents a $3.88 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Friday, March 13th. Chubb’s dividend payout ratio is presently 13.70%.

Insider Activity

In related news, Director Olivier Steimer sold 2,000 shares of the company’s stock in a transaction on Thursday, March 19th. The stock was 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 of the company’s stock, valued at $8,386,612.40. This represents a 7.28% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.37% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Wolfe Research boosted their target price on Chubb from $372.00 to $373.00 and gave the company an “outperform” rating in a research report on Monday, April 6th. Roth Mkm boosted their price target on Chubb from $330.00 to $360.00 and gave the company a “buy” rating in a report on Wednesday, February 4th. UBS Group reiterated a “neutral” rating and issued a $340.00 price target on shares of Chubb in a report on Monday, February 9th. BMO Capital Markets boosted their price target on Chubb from $326.00 to $339.00 and gave the company a “market perform” rating in a report on Friday, April 24th. Finally, The Goldman Sachs Group boosted their price target on Chubb from $368.00 to $372.00 and gave the company a “buy” rating in a report on Tuesday, April 7th. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $349.33.

Chubb Company 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.