Princeton Capital Management LLC Acquires New Stake in Chubb Limited (NYSE:CB)

Princeton Capital Management LLC bought a new stake in Chubb Limited (NYSE:CB) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 765 shares of the financial services provider’s stock, valued at approximately $211,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Nwam LLC purchased a new position in shares of Chubb during the third quarter valued at approximately $273,000. Kingsview Wealth Management LLC lifted its stake in shares of Chubb by 12.8% during the 3rd quarter. Kingsview Wealth Management LLC now owns 6,043 shares of the financial services provider’s stock worth $1,743,000 after purchasing an additional 686 shares during the period. Swedbank AB boosted its holdings in shares of Chubb by 3.3% during the third quarter. Swedbank AB now owns 259,288 shares of the financial services provider’s stock worth $74,776,000 after purchasing an additional 8,328 shares during the last quarter. Larson Financial Group LLC increased its stake in Chubb by 146.7% in the third quarter. Larson Financial Group LLC now owns 565 shares of the financial services provider’s stock valued at $163,000 after purchasing an additional 336 shares during the last quarter. Finally, Summit Trail Advisors LLC lifted its position in Chubb by 35.3% during the third quarter. Summit Trail Advisors LLC now owns 6,326 shares of the financial services provider’s stock worth $1,830,000 after buying an additional 1,649 shares during the period. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Keefe, Bruyette & Woods lifted their price target on Chubb from $328.00 to $329.00 and gave the company an “outperform” rating in a report on Friday, January 31st. JPMorgan Chase & Co. upped their price target on shares of Chubb from $296.00 to $300.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Barclays cut their price target on shares of Chubb from $349.00 to $324.00 and set an “overweight” rating on the stock in a research note on Monday, January 6th. JMP Securities reissued a “market outperform” rating and set a $325.00 price objective on shares of Chubb in a research note on Wednesday, January 29th. Finally, Wells Fargo & Company cut their target price on Chubb from $268.00 to $264.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 14th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $301.00.

Insider Activity

In related news, EVP Timothy Alan Boroughs sold 14,748 shares of Chubb stock in a transaction dated 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 transaction, the executive vice president now directly owns 29,194 shares in the company, valued at approximately $8,644,927.28. This trade represents a 33.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Joseph F. Wayland sold 10,000 shares of the 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 transaction, the executive vice president now directly owns 77,703 shares in the company, valued at approximately $22,297,652.88. This represents a 11.40 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 63,470 shares of company stock worth $18,562,730. 0.86% of the stock is currently owned by insiders.

Chubb Price Performance

Shares of CB stock opened at $291.52 on Tuesday. Chubb Limited has a twelve month low of $238.85 and a twelve month high of $302.05. The company has a market capitalization of $116.73 billion, a PE ratio of 12.83, a price-to-earnings-growth ratio of 3.36 and a beta of 0.66. 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 firm has a fifty day simple moving average of $277.16 and a 200-day simple moving average of $281.22.

Chubb (NYSE:CB) last announced 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%. Equities research analysts anticipate that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Announces Dividend

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

Chubb Profile

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.