West Chester Capital Advisors Inc. Acquires New Stake in Chubb Ltd (CB)

West Chester Capital Advisors Inc. acquired a new position in shares of Chubb Ltd (NYSE:CB) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,078 shares of the financial services provider’s stock, valued at approximately $620,000.

Several other hedge funds also recently modified their holdings of the company. Pzena Investment Management LLC increased its position in shares of Chubb by 23.9% during the fourth quarter. Pzena Investment Management LLC now owns 3,161 shares of the financial services provider’s stock worth $462,000 after acquiring an additional 610 shares in the last quarter. First Republic Investment Management Inc. increased its position in shares of Chubb by 1.2% during the fourth quarter. First Republic Investment Management Inc. now owns 637,060 shares of the financial services provider’s stock worth $93,093,000 after acquiring an additional 7,378 shares in the last quarter. Alpha Cubed Investments LLC increased its position in shares of Chubb by 11.3% during the fourth quarter. Alpha Cubed Investments LLC now owns 106,444 shares of the financial services provider’s stock worth $15,555,000 after acquiring an additional 10,770 shares in the last quarter. Baird Financial Group Inc. increased its position in shares of Chubb by 12.9% during the fourth quarter. Baird Financial Group Inc. now owns 70,670 shares of the financial services provider’s stock worth $10,327,000 after acquiring an additional 8,056 shares in the last quarter. Finally, Citizens Financial Group Inc RI increased its position in shares of Chubb by 1.5% during the fourth quarter. Citizens Financial Group Inc RI now owns 60,848 shares of the financial services provider’s stock worth $8,892,000 after acquiring an additional 872 shares in the last quarter. 86.10% of the stock is owned by institutional investors.

Several brokerages have recently issued reports on CB. Barclays increased their price objective on shares of Chubb from $169.00 to $175.00 and gave the stock an “overweight” rating in a research report on Tuesday. Bank of America increased their price objective on shares of Chubb from $168.00 to $171.00 and gave the stock a “buy” rating in a research report on Wednesday, January 31st. Keefe, Bruyette & Woods reissued a “buy” rating and set a $153.00 price objective on shares of Chubb in a research report on Sunday, October 29th. Zacks Investment Research raised shares of Chubb from a “sell” rating to a “hold” rating in a research report on Friday, November 3rd. Finally, UBS Group raised their target price on shares of Chubb from $160.00 to $169.00 and gave the company a “buy” rating in a research report on Wednesday, November 1st. One analyst has rated the stock with a sell rating, four have issued a hold rating and ten have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $165.25.

Chubb Ltd (CB) opened at $145.39 on Wednesday. The firm has a market cap of $68,240.63, a price-to-earnings ratio of 17.74, a P/E/G ratio of 1.37 and a beta of 0.95. Chubb Ltd has a 12-month low of $133.82 and a 12-month high of $157.50. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.29 and a quick ratio of 0.30.

Chubb (NYSE:CB) last released its earnings results on Tuesday, January 30th. The financial services provider reported $3.17 earnings per share for the quarter, beating analysts’ consensus estimates of $2.31 by $0.86. The business had revenue of $7.05 billion during the quarter, compared to the consensus estimate of $6.64 billion. Chubb had a net margin of 11.87% and a return on equity of 7.52%. The firm’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same quarter last year, the firm earned $2.72 earnings per share. equities analysts forecast that Chubb Ltd will post 10.76 EPS for the current year.

Chubb announced that its Board of Directors has approved a share repurchase plan on Thursday, December 21st that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the financial services provider to buy shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.

In other Chubb 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 completion of the sale, the chief executive officer now owns 1,367,229 shares in the company, valued at $199,013,853.24. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Timothy Alan Boroughs sold 18,611 shares of the 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 completion of the sale, the insider now owns 201,165 shares of the company’s stock, valued at approximately $30,420,171.30. The disclosure for this sale can be found here. Company insiders own 0.43% of the company’s stock.

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Chubb 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.

Institutional Ownership by Quarter for Chubb (NYSE:CB)

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