Bedell Frazier Investment Counselling LLC Purchases 170 Shares of Chubb Limited (NYSE:CB)

Bedell Frazier Investment Counselling LLC raised its position in Chubb Limited (NYSE:CB) by 8.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,220 shares of the financial services provider’s stock after acquiring an additional 170 shares during the quarter. Bedell Frazier Investment Counselling LLC’s holdings in Chubb were worth $613,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Chubb by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 36,453,481 shares of the financial services provider’s stock valued at $10,072,097,000 after buying an additional 271,648 shares in the last quarter. GQG Partners LLC raised its stake in Chubb by 36.3% during the 4th quarter. GQG Partners LLC now owns 4,429,720 shares of the financial services provider’s stock worth $1,223,932,000 after acquiring an additional 1,178,628 shares during the period. Norges Bank purchased a new position in Chubb during the fourth quarter valued at approximately $1,169,720,000. Raymond James Financial Inc. purchased a new stake in shares of Chubb in the fourth quarter worth $1,158,897,000. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Chubb by 2.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,235,155 shares of the financial services provider’s stock valued at $617,573,000 after purchasing an additional 46,068 shares during the period. 83.81% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Chubb

In other news, EVP Timothy Alan Boroughs sold 14,748 shares of the company’s stock in a transaction that occurred on Tuesday, March 18th. The shares were 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 owns 29,194 shares of the company’s stock, valued at approximately $8,644,927.28. This represents a 33.56 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Joseph F. Wayland sold 12,231 shares of Chubb stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $294.82, for a total transaction of $3,605,943.42. Following the transaction, the executive vice president now directly owns 78,422 shares in the company, valued at approximately $23,120,374.04. The trade was a 13.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 63,470 shares of company stock worth $18,562,730. Insiders own 0.86% of the company’s stock.

Analyst Ratings Changes

CB has been the subject of several recent analyst reports. Keefe, Bruyette & Woods upped their target price on shares of Chubb from $328.00 to $329.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Barclays dropped their price objective on Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a research note on Monday, January 6th. JMP Securities reissued a “market outperform” rating and set a $325.00 target price on shares of Chubb in a research note on Wednesday, January 29th. JPMorgan Chase & Co. upped their price target on Chubb from $296.00 to $300.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Finally, Hsbc Global Res upgraded shares of Chubb from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 5th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $301.00.

Chubb Trading Down 0.7 %

CB opened at $296.36 on Monday. The stock has a 50-day moving average of $279.26 and a 200 day moving average of $281.41. The company has a current ratio of 0.25, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. Chubb Limited has a 12 month low of $238.85 and a 12 month high of $302.05. The firm has a market cap of $118.67 billion, a P/E ratio of 13.04, a P/E/G ratio of 3.36 and a beta of 0.66.

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

Chubb Announces Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date of this dividend is Friday, March 14th. Chubb’s payout ratio is currently 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.