Park Avenue Securities LLC Increases Holdings in Chubb Ltd (CB)

Park Avenue Securities LLC raised its stake in Chubb Ltd (NYSE:CB) by 14.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,460 shares of the financial services provider’s stock after acquiring an additional 1,047 shares during the period. Park Avenue Securities LLC’s holdings in Chubb were worth $1,197,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Claybrook Capital LLC bought a new stake in shares of Chubb in the 4th quarter worth about $25,000. Gradient Investments LLC increased its holdings in shares of Chubb by 260.0% in the 4th quarter. Gradient Investments LLC now owns 216 shares of the financial services provider’s stock worth $28,000 after buying an additional 156 shares during the last quarter. Pin Oak Investment Advisors Inc. increased its holdings in shares of Chubb by 114.7% in the 4th quarter. Pin Oak Investment Advisors Inc. now owns 219 shares of the financial services provider’s stock worth $28,000 after buying an additional 117 shares during the last quarter. Executive Wealth Management LLC bought a new stake in shares of Chubb in the 4th quarter worth about $29,000. Finally, Sageworth Trust Co bought a new stake in shares of Chubb in the 1st quarter worth about $29,000. Institutional investors own 88.85% of the company’s stock.

A number of research firms have recently weighed in on CB. Wells Fargo & Co restated a “buy” rating and issued a $157.00 target price on shares of Chubb in a report on Tuesday, April 30th. Zacks Investment Research downgraded shares of Chubb from a “hold” rating to a “sell” rating in a report on Tuesday, April 9th. Sandler O’Neill downgraded shares of Chubb from a “buy” rating to a “hold” rating in a report on Wednesday, April 3rd. Compass Point began coverage on shares of Chubb in a report on Tuesday, January 15th. They issued a “buy” rating and a $165.00 target price on the stock. Finally, Credit Suisse Group downgraded shares of Chubb from a “neutral” rating to an “underperform” rating and reduced their target price for the stock from $141.00 to $131.00 in a report on Wednesday, February 27th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company’s stock. Chubb currently has a consensus rating of “Hold” and a consensus price target of $151.00.

In related news, insider Paul Bennett Medini sold 2,437 shares of the company’s stock in a transaction dated Wednesday, February 20th. The shares were sold at an average price of $133.94, for a total transaction of $326,411.78. Following the transaction, the insider now directly owns 95,101 shares in the company, valued at approximately $12,737,827.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider John J. Lupica sold 17,879 shares of the company’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $134.95, for a total transaction of $2,412,771.05. Following the transaction, the insider now owns 192,265 shares in the company, valued at $25,946,161.75. The disclosure for this sale can be found here. Insiders have sold a total of 23,766 shares of company stock worth $3,239,433 over the last quarter. 0.47% of the stock is currently owned by insiders.

Shares of NYSE:CB opened at $144.60 on Tuesday. The stock has a market cap of $66.26 billion, a P/E ratio of 15.32, a PEG ratio of 1.38 and a beta of 0.82. Chubb Ltd has a 12 month low of $119.54 and a 12 month high of $145.76. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.31 and a current ratio of 0.31.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, April 30th. The financial services provider reported $2.54 EPS for the quarter, beating the consensus estimate of $2.49 by $0.05. The company had revenue of $8.01 billion for the quarter, compared to the consensus estimate of $7.55 billion. Chubb had a net margin of 11.55% and a return on equity of 8.76%. During the same period in the prior year, the firm posted $2.34 EPS. On average, equities analysts forecast that Chubb Ltd will post 10.54 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 22nd were issued a dividend of $0.73 per share. The ex-dividend date was Thursday, March 21st. This represents a $2.92 annualized dividend and a yield of 2.02%. Chubb’s payout ratio is 30.93%.

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Chubb Profile

Chubb Limited, through its subsidiaries, provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, marine, general casualty, workers' compensation, package policies, and risk management; professional lines, marine, construction, environmental, medical, cyber risk, surety, and excess casualty; and group accident and health insurance to large, middle market, and small commercial businesses in the United States, Canada, and Bermuda.

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Institutional Ownership by Quarter for Chubb (NYSE:CB)

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