Chubb Limited (NYSE:CB) Stake Lifted by Level Four Advisory Services LLC

Level Four Advisory Services LLC increased its holdings in Chubb Limited (NYSE:CB) by 0.4% during the fourth quarter, Holdings Channel reports. The firm owned 13,132 shares of the financial services provider’s stock after purchasing an additional 49 shares during the period. Level Four Advisory Services LLC’s holdings in Chubb were worth $3,629,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in CB. Orion Portfolio Solutions LLC raised its position in Chubb by 2.5% during the fourth quarter. Orion Portfolio Solutions LLC now owns 39,355 shares of the financial services provider’s stock valued at $10,874,000 after buying an additional 961 shares during the period. Nomura Asset Management Co. Ltd. boosted its holdings in shares of Chubb by 0.5% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 260,483 shares of the financial services provider’s stock worth $71,971,000 after purchasing an additional 1,289 shares during the period. New Age Alpha Advisors LLC grew its position in Chubb by 43,904.9% during the fourth quarter. New Age Alpha Advisors LLC now owns 45,325 shares of the financial services provider’s stock valued at $12,523,000 after purchasing an additional 45,222 shares in the last quarter. Norges Bank acquired a new position in Chubb in the 4th quarter valued at approximately $1,169,720,000. Finally, Blair William & Co. IL lifted its position in Chubb by 7.6% in the 4th quarter. Blair William & Co. IL now owns 58,166 shares of the financial services provider’s stock worth $16,071,000 after buying an additional 4,095 shares in the last quarter. 83.81% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

CB has been the subject of several recent research reports. Barclays cut their price objective on Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a report on Monday, January 6th. JPMorgan Chase & Co. raised their price objective on shares of Chubb from $296.00 to $300.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Royal Bank of Canada restated an “outperform” rating and set a $320.00 price target on shares of Chubb in a report on Thursday, January 30th. Hsbc Global Res upgraded Chubb from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 5th. Finally, JMP Securities restated a “market outperform” rating and issued a $325.00 target price on shares of Chubb in a report on Wednesday, January 29th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $301.00.

Insider Activity at Chubb

In other Chubb news, EVP Joseph F. Wayland sold 10,000 shares of the business’s stock in a transaction 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 owns 77,703 shares of the company’s stock, valued at approximately $22,297,652.88. The trade was a 11.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Evan G. Greenberg sold 25,728 shares of the firm’s stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $291.45, for a total value of $7,498,425.60. Following the completion of the sale, the chief executive officer now owns 584,395 shares of the company’s stock, valued at approximately $170,321,922.75. This trade represents a 4.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 63,470 shares of company stock valued at $18,562,730 in the last ninety days. Insiders own 0.86% of the company’s stock.

Chubb Price Performance

Shares of Chubb stock opened at $296.36 on Friday. The firm has a market cap of $118.67 billion, a P/E ratio of 13.04, a price-to-earnings-growth ratio of 3.36 and a beta of 0.66. The firm’s 50-day simple moving average is $279.26 and its 200-day simple moving average is $281.50. Chubb Limited has a twelve month low of $238.85 and a twelve month 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.

Chubb (NYSE:CB) last released its quarterly earnings data 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%. As a group, research analysts expect that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 14th will be issued a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 1.23%. The ex-dividend date is Friday, March 14th. Chubb’s dividend payout ratio is currently 16.02%.

Chubb Company 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.