Ingalls & Snyder LLC reduced its stake in Chubb Ltd (NYSE:CB) by 9.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,663 shares of the financial services provider’s stock after selling 2,847 shares during the period. Ingalls & Snyder LLC’s holdings in Chubb were worth $4,189,000 at the end of the most recent reporting period.
Other hedge funds also recently modified their holdings of the company. TRUE Private Wealth Advisors purchased a new stake in shares of Chubb in the 4th quarter worth approximately $353,000. Bartlett & Co. LLC lifted its position in shares of Chubb by 3.3% in the 4th quarter. Bartlett & Co. LLC now owns 187,281 shares of the financial services provider’s stock worth $27,367,000 after purchasing an additional 5,992 shares during the period. Mitsubishi UFJ Asset Management UK Ltd. lifted its position in shares of Chubb by 20.0% in the 4th quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 15,000 shares of the financial services provider’s stock worth $2,191,000 after purchasing an additional 2,500 shares during the period. State of Alaska Department of Revenue lifted its position in shares of Chubb by 475.8% in the 4th quarter. State of Alaska Department of Revenue now owns 48,035 shares of the financial services provider’s stock worth $7,017,000 after purchasing an additional 39,693 shares during the period. Finally, Syntal Capital Partners LLC lifted its position in shares of Chubb by 81.5% in the 4th quarter. Syntal Capital Partners LLC now owns 9,174 shares of the financial services provider’s stock worth $1,340,000 after purchasing an additional 4,120 shares during the period. Institutional investors and hedge funds own 88.54% of the company’s stock.
Several equities research analysts have recently weighed in on CB shares. Wells Fargo & Co set a $169.00 price target on shares of Chubb and gave the stock a “buy” rating in a research report on Wednesday, November 29th. Credit Suisse Group reissued a “neutral” rating and set a $156.00 target price on shares of Chubb in a research report on Tuesday, December 19th. Goldman Sachs Group initiated coverage on shares of Chubb in a research report on Monday, December 4th. They set a “buy” rating and a $167.00 target price for the company. JPMorgan Chase & Co. raised shares of Chubb from a “neutral” rating to an “overweight” rating in a research report on Wednesday, November 8th. Finally, Zacks Investment Research cut shares of Chubb from a “buy” rating to a “sell” rating in a research report on Friday, January 5th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $163.92.
Chubb Ltd (NYSE CB) traded up $4.13 during midday trading on Friday, hitting $144.52. 3,501,373 shares of the company’s stock were exchanged, compared to its average volume of 2,000,000. The stock has a market capitalization of $67,090.00, a PE ratio of 17.65, a P/E/G ratio of 1.34 and a beta of 0.95. Chubb Ltd has a fifty-two week low of $131.74 and a fifty-two week high of $157.50. The company has a current ratio of 0.29, a quick ratio of 0.30 and a debt-to-equity ratio of 0.23.
Chubb (NYSE:CB) last posted its quarterly earnings results on Tuesday, January 30th. The financial services provider reported $3.17 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.31 by $0.86. The business had revenue of $7.05 billion during the quarter, compared to analysts’ expectations of $6.64 billion. Chubb had a net margin of 11.87% and a return on equity of 7.52%. The business’s quarterly revenue was up 1.6% on a year-over-year basis. During the same quarter last year, the company posted $2.72 earnings per share. sell-side analysts forecast that Chubb Ltd will post 10.76 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 19th. Stockholders of record on Friday, December 29th were paid a $0.71 dividend. The ex-dividend date was Thursday, December 28th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.97%. Chubb’s payout ratio is currently 34.68%.
Chubb announced that its board has approved a stock buyback plan on Thursday, December 21st that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the financial services provider to buy shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board believes its shares are undervalued.
In other news, CEO Evan G. Greenberg sold 95,761 shares of the stock in a transaction on Thursday, December 21st. The shares were sold at an average price of $145.56, for a total value of $13,938,971.16. Following the sale, the chief executive officer now owns 1,367,229 shares in the company, valued at $199,013,853.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Timothy Alan Boroughs sold 18,611 shares of the firm’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $151.22, for a total transaction of $2,814,355.42. Following the sale, the insider now owns 201,165 shares in the company, valued at approximately $30,420,171.30. The disclosure for this sale can be found here. 0.43% of the stock is owned by corporate insiders.
Chubb Company Profile
Chubb Limited is a holding company. The Company, through its subsidiaries, provides a range of insurance and reinsurance products and services to clients around the world. Its segments include North America Commercial property and casualty (P&C) Insurance, North America Personal P&C Insurance, North America Agricultural Insurance, Overseas General Insurance, Global Reinsurance and Life Insurance.
Receive News & Ratings for Chubb Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chubb and related companies with MarketBeat.com's FREE daily email newsletter.