Chubb Limited (NYSE:CB) Shares Bought by Central Valley Advisors LLC

Central Valley Advisors LLC raised its stake in Chubb Limited (NYSE:CBFree Report) by 6.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,338 shares of the financial services provider’s stock after buying an additional 415 shares during the quarter. Chubb comprises about 1.0% of Central Valley Advisors LLC’s portfolio, making the stock its 25th biggest holding. Central Valley Advisors LLC’s holdings in Chubb were worth $1,902,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Norges Bank purchased a new stake in Chubb during the fourth quarter worth about $957,756,000. Confluence Investment Management LLC purchased a new stake in Chubb during the first quarter worth about $165,932,000. Bank of Nova Scotia increased its stake in Chubb by 198.8% during the fourth quarter. Bank of Nova Scotia now owns 779,345 shares of the financial services provider’s stock worth $176,126,000 after purchasing an additional 518,535 shares during the period. Lazard Asset Management LLC increased its stake in Chubb by 978.1% during the third quarter. Lazard Asset Management LLC now owns 546,556 shares of the financial services provider’s stock worth $113,781,000 after purchasing an additional 495,860 shares during the period. Finally, International Assets Investment Management LLC increased its stake in Chubb by 19,454.2% during the fourth quarter. International Assets Investment Management LLC now owns 485,336 shares of the financial services provider’s stock worth $1,096,860,000 after purchasing an additional 482,854 shares during the period. Institutional investors and hedge funds own 83.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on CB shares. The Goldman Sachs Group upped their target price on shares of Chubb from $228.00 to $254.00 and gave the stock a “neutral” rating in a research note on Friday, April 12th. Morgan Stanley upped their target price on shares of Chubb from $258.00 to $260.00 and gave the stock an “equal weight” rating in a research note on Monday, April 15th. HSBC restated a “hold” rating and set a $270.00 target price (down from $275.00) on shares of Chubb in a research note on Thursday, April 4th. Keefe, Bruyette & Woods cut their target price on shares of Chubb from $297.00 to $294.00 and set an “outperform” rating on the stock in a research note on Tuesday, May 7th. Finally, JPMorgan Chase & Co. upped their target price on shares of Chubb from $253.00 to $266.00 and gave the stock a “neutral” rating in a research note on Monday, April 8th. Eleven equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $266.70.

View Our Latest Stock Analysis on CB

Insider Activity

In related news, COO John W. Keogh sold 34,707 shares of Chubb stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $251.98, for a total transaction of $8,745,469.86. Following the completion of the sale, the chief operating officer now owns 284,136 shares in the company, valued at approximately $71,596,589.28. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Chubb news, COO John W. Keogh sold 34,707 shares of the firm’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $251.98, for a total value of $8,745,469.86. Following the sale, the chief operating officer now directly owns 284,136 shares of the company’s stock, valued at approximately $71,596,589.28. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Peter C. Enns sold 8,200 shares of the firm’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $266.06, for a total value of $2,181,692.00. Following the completion of the sale, the executive vice president now directly owns 45,853 shares in the company, valued at $12,199,649.18. The disclosure for this sale can be found here. Insiders sold a total of 47,552 shares of company stock worth $12,149,985 over the last 90 days. 0.86% of the stock is currently owned by corporate insiders.

Chubb Stock Performance

Shares of NYSE CB traded down $2.29 during mid-day trading on Tuesday, hitting $263.83. 156,068 shares of the company were exchanged, compared to its average volume of 1,681,393. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.21. The stock has a 50 day simple moving average of $258.17 and a 200-day simple moving average of $247.80. Chubb Limited has a 1-year low of $183.71 and a 1-year high of $275.41. The firm has a market cap of $107.13 billion, a price-to-earnings ratio of 11.81, a price-to-earnings-growth ratio of 6.35 and a beta of 0.66.

Chubb (NYSE:CBGet Free Report) last issued its quarterly earnings results on Tuesday, April 23rd. The financial services provider reported $5.41 earnings per share for the quarter, topping the consensus estimate of $5.29 by $0.12. Chubb had a return on equity of 16.29% and a net margin of 17.99%. The firm had revenue of $12.22 billion during the quarter, compared to the consensus estimate of $11.75 billion. During the same period last year, the company earned $4.41 earnings per share. The company’s revenue for the quarter was up 14.1% on a year-over-year basis. On average, sell-side analysts forecast that Chubb Limited will post 21.15 EPS for the current fiscal year.

Chubb Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 5th. Stockholders of record on Friday, June 14th will be given a $0.91 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.38%. This is a boost from Chubb’s previous quarterly dividend of $0.86. Chubb’s dividend payout ratio (DPR) is currently 16.16%.

Chubb Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Chubb (NYSE:CB)

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