Umpqua Bank Purchases 2,006 Shares of Chubb Limited (NYSE:CB)

Umpqua Bank lifted its position in Chubb Limited (NYSE:CB) by 163.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,231 shares of the financial services provider’s stock after buying an additional 2,006 shares during the period. Umpqua Bank’s holdings in Chubb were worth $858,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC boosted its stake in Chubb by 57.8% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 356,602 shares of the financial services provider’s stock worth $102,840,000 after purchasing an additional 130,629 shares during the period. Czech National Bank lifted its stake in Chubb by 6.2% in the 4th quarter. Czech National Bank now owns 81,282 shares of the financial services provider’s stock valued at $22,458,000 after purchasing an additional 4,757 shares during the last quarter. Barclays PLC lifted its stake in Chubb by 28.1% in the 3rd quarter. Barclays PLC now owns 1,772,688 shares of the financial services provider’s stock valued at $511,226,000 after purchasing an additional 388,746 shares during the last quarter. Weiss Asset Management LP bought a new position in Chubb in the 3rd quarter valued at about $27,424,000. Finally, Versant Capital Management Inc raised its holdings in Chubb by 133.9% in the 4th quarter. Versant Capital Management Inc now owns 552 shares of the financial services provider’s stock valued at $153,000 after acquiring an additional 316 shares during the period. 83.81% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Barclays lowered their price target on shares of Chubb from $349.00 to $324.00 and set an “overweight” rating on the stock in a report on Monday, January 6th. JMP Securities reissued a “market outperform” rating and set a $325.00 target price on shares of Chubb in a report on Wednesday, January 29th. Wells Fargo & Company reduced their target price on Chubb from $268.00 to $264.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 14th. Royal Bank of Canada reissued an “outperform” rating and set a $320.00 target price on shares of Chubb in a report on Thursday, January 30th. Finally, Hsbc Global Res raised Chubb from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 5th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $301.00.

Chubb Price Performance

Chubb stock opened at $291.08 on Friday. The company has a current ratio of 0.25, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $116.55 billion, a PE ratio of 12.81, a P/E/G ratio of 3.36 and a beta of 0.66. Chubb Limited has a 12 month low of $238.85 and a 12 month high of $302.05. The stock has a 50-day moving average price of $276.57 and a two-hundred day moving average price of $281.30.

Chubb (NYSE:CB) last issued its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.33 by $0.69. Chubb had a return on equity of 13.75% and a net margin of 16.63%. Analysts expect that Chubb Limited will post 21.52 EPS for the current year.

Chubb Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend is Friday, March 14th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.25%. Chubb’s dividend payout ratio (DPR) is 16.02%.

Insider Transactions at Chubb

In other Chubb news, EVP Timothy Alan Boroughs sold 14,748 shares of Chubb stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $296.12, for a total value of $4,367,177.76. Following the completion of the sale, the executive vice president now directly owns 29,194 shares in the company, valued at approximately $8,644,927.28. The trade was a 33.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO George F. Ohsiek sold 763 shares of the firm’s stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $290.41, for a total value of $221,582.83. Following the completion of the sale, the chief accounting officer now directly owns 20,044 shares of the company’s stock, valued at $5,820,978.04. This trade represents a 3.67 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 63,470 shares of company stock worth $18,562,730 over the last ninety days. 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.