Chubb Limited (NYSE:CB) Shares Bought by Bender Robert & Associates

Bender Robert & Associates raised its stake in Chubb Limited (NYSE:CB) by 0.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 33,918 shares of the financial services provider’s stock after buying an additional 170 shares during the quarter. Chubb makes up approximately 2.3% of Bender Robert & Associates’ investment portfolio, making the stock its 14th largest position. Bender Robert & Associates’ holdings in Chubb were worth $9,372,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of CB. Continuum Advisory LLC lifted its holdings in shares of Chubb by 56.5% in the 3rd quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock valued at $28,000 after buying an additional 35 shares during the period. Gordian Capital Singapore Pte Ltd purchased a new stake in Chubb during the third quarter valued at about $29,000. Raelipskie Partnership acquired a new position in shares of Chubb during the third quarter worth about $29,000. Sierra Ocean LLC acquired a new position in shares of Chubb in the fourth quarter worth about $29,000. Finally, Truvestments Capital LLC bought a new position in Chubb during the 3rd quarter worth approximately $30,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Chubb Trading Down 0.6 %

Shares of CB stock opened at $291.15 on Wednesday. Chubb Limited has a fifty-two week low of $238.85 and a fifty-two week high of $302.05. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.25. The stock’s fifty day moving average is $272.66 and its two-hundred day moving average is $280.61. The firm has a market capitalization of $116.58 billion, a P/E ratio of 12.81, a PEG ratio of 3.36 and a beta of 0.66.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share for the quarter, beating the consensus estimate of $5.33 by $0.69. Chubb had a return on equity of 13.75% and a net margin of 16.63%. Research analysts expect that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 14th will be given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date of this dividend is Friday, March 14th. Chubb’s dividend payout ratio (DPR) is presently 16.02%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on CB shares. Keefe, Bruyette & Woods lifted their price target on Chubb from $328.00 to $329.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. HSBC raised Chubb from a “hold” rating to a “buy” rating and set a $323.00 price objective on the stock in a report on Wednesday, March 5th. Hsbc Global Res upgraded shares of Chubb from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 5th. Royal Bank of Canada reissued an “outperform” rating and issued a $320.00 price target on shares of Chubb in a report on Thursday, January 30th. Finally, Wells Fargo & Company dropped their target price on shares of Chubb from $268.00 to $264.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 14th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $299.27.

Insider Transactions at Chubb

In other Chubb news, EVP Joseph F. Wayland sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $286.96, for a total value of $2,869,600.00. Following the completion of the sale, the executive vice president now owns 77,703 shares in the company, valued at approximately $22,297,652.88. This trade represents a 11.40 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.86% of the stock is owned by insiders.

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.