Saxon Interests Inc. Takes $956,000 Position in Chubb Limited (NYSE:CB)

Saxon Interests Inc. acquired a new position in shares of Chubb Limited (NYSE:CB) in the fourth quarter, Holdings Channel.com reports. The fund acquired 4,228 shares of the financial services provider’s stock, valued at approximately $956,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Transform Wealth LLC lifted its position in shares of Chubb by 30.7% in the fourth quarter. Transform Wealth LLC now owns 33,378 shares of the financial services provider’s stock valued at $7,571,000 after acquiring an additional 7,835 shares in the last quarter. Ritholtz Wealth Management lifted its holdings in Chubb by 8.8% in the 4th quarter. Ritholtz Wealth Management now owns 5,209 shares of the financial services provider’s stock worth $1,177,000 after purchasing an additional 420 shares in the last quarter. Trueblood Wealth Management LLC bought a new position in Chubb in the 4th quarter worth approximately $803,000. FLC Capital Advisors bought a new stake in shares of Chubb during the fourth quarter valued at approximately $360,000. Finally, Great Lakes Retirement Inc. bought a new position in shares of Chubb during the fourth quarter worth $618,000. Institutional investors own 83.81% of the company’s stock.

Chubb Trading Up 0.2 %

Shares of NYSE CB traded up $0.63 during trading hours on Friday, reaching $259.13. The stock had a trading volume of 1,878,945 shares, compared to its average volume of 1,837,697. The firm has a market cap of $105.14 billion, a price-to-earnings ratio of 11.87, a P/E/G ratio of 1.22 and a beta of 0.62. Chubb Limited has a 52-week low of $183.71 and a 52-week high of $260.58. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.20. The business’s fifty day moving average price is $249.88 and its two-hundred day moving average price is $229.66.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, January 30th. The financial services provider reported $8.30 EPS for the quarter, beating the consensus estimate of $5.07 by $3.23. The business had revenue of $13.38 billion during the quarter, compared to analyst estimates of $12.88 billion. Chubb had a net margin of 18.11% and a return on equity of 16.45%. Analysts expect that Chubb Limited will post 21.16 EPS for the current fiscal year.

Chubb Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 5th. Stockholders of record on Friday, March 15th will be given a dividend of $0.86 per share. This represents a $3.44 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date is Thursday, March 14th. Chubb’s dividend payout ratio is currently 15.76%.

Insider Activity

In other news, CAO Annmarie T. Hagan sold 7,180 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $245.04, for a total transaction of $1,759,387.20. Following the transaction, the chief accounting officer now directly owns 6,105 shares in the company, valued at $1,495,969.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Chubb news, insider John J. Lupica sold 34,464 shares of the stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $258.92, for a total transaction of $8,923,418.88. Following the completion of the sale, the insider now directly owns 130,937 shares of the company’s stock, valued at approximately $33,902,208.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Annmarie T. Hagan sold 7,180 shares of Chubb stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $245.04, for a total value of $1,759,387.20. Following the completion of the transaction, the chief accounting officer now owns 6,105 shares in the company, valued at $1,495,969.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 116,043 shares of company stock worth $29,766,694. Corporate insiders own 0.37% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on CB shares. Wells Fargo & Company lifted their price target on shares of Chubb from $234.00 to $255.00 and gave the company an “equal weight” rating in a report on Thursday, February 1st. StockNews.com cut Chubb from a “buy” rating to a “hold” rating in a report on Friday, March 22nd. BMO Capital Markets raised their target price on shares of Chubb from $220.00 to $240.00 and gave the company a “market perform” rating in a report on Monday, February 5th. Raymond James increased their price objective on shares of Chubb from $270.00 to $285.00 and gave the company a “strong-buy” rating in a research report on Thursday, February 1st. Finally, The Goldman Sachs Group downgraded shares of Chubb from a “buy” rating to a “neutral” rating and set a $222.00 target price on the stock. in a report on Monday, January 8th. Ten equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $255.06.

About Chubb

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.