Demars Financial Group LLC Has $1.48 Billion Stock Holdings in Chubb Limited (NYSE:CB)

Demars Financial Group LLC boosted its position in Chubb Limited (NYSE:CB) by 26,761.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 5,360,455 shares of the financial services provider’s stock after purchasing an additional 5,340,499 shares during the period. Chubb makes up approximately 4.6% of Demars Financial Group LLC’s holdings, making the stock its 4th largest holding. Demars Financial Group LLC’s holdings in Chubb were worth $1,481,094,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Marshall Wace LLP boosted its position in shares of Chubb by 1,767.1% in the fourth quarter. Marshall Wace LLP now owns 191,507 shares of the financial services provider’s stock valued at $52,913,000 after acquiring an additional 181,250 shares during the period. NewEdge Advisors LLC lifted its stake in Chubb by 10.3% during the fourth quarter. NewEdge Advisors LLC now owns 74,911 shares of the financial services provider’s stock worth $20,698,000 after purchasing an additional 7,002 shares during the last quarter. Evergreen Capital Management LLC grew its position in Chubb by 2.1% during the fourth quarter. Evergreen Capital Management LLC now owns 30,317 shares of the financial services provider’s stock valued at $8,404,000 after acquiring an additional 622 shares during the last quarter. Gamco Investors INC. ET AL boosted its stake in shares of Chubb by 63.9% in the 4th quarter. Gamco Investors INC. ET AL now owns 14,299 shares of the financial services provider’s stock valued at $3,951,000 after purchasing an additional 5,576 shares in the last quarter. Finally, Gabelli Funds LLC boosted its position in Chubb by 24.5% during the fourth quarter. Gabelli Funds LLC now owns 14,202 shares of the financial services provider’s stock valued at $3,924,000 after buying an additional 2,797 shares during the period. 83.81% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

CB has been the subject of a number of recent research reports. JMP Securities reissued a “market outperform” rating and issued a $325.00 target price on shares of Chubb in a research note on Wednesday, January 29th. UBS Group increased their price objective on Chubb from $298.00 to $303.00 and gave the company a “neutral” rating in a research note on Wednesday, April 9th. Wells Fargo & Company decreased their target price on shares of Chubb from $271.00 to $268.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 10th. HSBC upgraded shares of Chubb from a “hold” rating to a “buy” rating and set a $323.00 price target for the company in a report on Wednesday, March 5th. 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 research 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 stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $307.21.

Chubb Trading Up 0.2 %

CB opened at $285.51 on Thursday. The stock has a market cap of $114.40 billion, a PE ratio of 12.57, a PEG ratio of 3.36 and a beta of 0.47. The business has a 50 day moving average of $283.89 and a 200-day moving average of $281.27. Chubb Limited has a 52 week low of $238.85 and a 52 week high of $306.91. The company has a quick ratio of 0.28, a current ratio of 0.25 and a debt-to-equity ratio of 0.21.

Chubb (NYSE:CB) last announced its quarterly earnings data 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 return on equity of 13.75% and a net margin of 16.63%. Equities research analysts predict that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Friday, March 14th were issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date of this dividend was Friday, March 14th. Chubb’s dividend payout ratio (DPR) is presently 16.02%.

Insider Buying and Selling at Chubb

In other news, EVP Joseph F. Wayland sold 10,000 shares of the 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 sale, the executive vice president now directly owns 77,703 shares of the company’s stock, valued at approximately $22,297,652.88. This represents a 11.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 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 transaction, the chief executive officer now owns 584,395 shares of the company’s stock, valued at $170,321,922.75. The trade was a 4.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 63,470 shares of company stock valued at $18,562,730. Corporate insiders own 0.86% of the company’s stock.

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.