Everence Capital Management Inc. Acquires 1,690 Shares of Chubb Limited (NYSE:CB)

Everence Capital Management Inc. increased its holdings in Chubb Limited (NYSE:CB) by 19.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,550 shares of the financial services provider’s stock after purchasing an additional 1,690 shares during the quarter. Everence Capital Management Inc.’s holdings in Chubb were worth $2,384,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Americana Partners LLC acquired a new position in Chubb in the third quarter valued at $292,000. Lazard Asset Management LLC lifted its holdings in Chubb by 978.1% in the third quarter. Lazard Asset Management LLC now owns 546,556 shares of the financial services provider’s stock valued at $113,781,000 after buying an additional 495,860 shares during the period. Alphinity Investment Management Pty Ltd raised its holdings in shares of Chubb by 155.8% during the fourth quarter. Alphinity Investment Management Pty Ltd now owns 532,015 shares of the financial services provider’s stock valued at $120,235,000 after purchasing an additional 324,019 shares during the period. Graypoint LLC raised its holdings in shares of Chubb by 1,275.7% during the fourth quarter. Graypoint LLC now owns 31,599 shares of the financial services provider’s stock valued at $7,141,000 after purchasing an additional 29,302 shares during the period. Finally, BKM Wealth Management LLC acquired a new position in shares of Chubb during the fourth quarter valued at about $1,403,000. Institutional investors own 83.81% of the company’s stock.

Insider Buying and Selling

In related news, insider John J. Lupica sold 34,464 shares of the firm’s stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $258.92, for a total value of $8,923,418.88. Following the completion of the transaction, the insider now directly owns 130,937 shares of the company’s stock, valued at approximately $33,902,208.04. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, insider John J. Lupica sold 34,464 shares of the firm’s stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $258.92, for a total value of $8,923,418.88. Following the completion of the transaction, the insider now directly owns 130,937 shares of the company’s stock, valued at approximately $33,902,208.04. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Annmarie T. Hagan sold 7,180 shares of the stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $245.04, for a total transaction of $1,759,387.20. Following the completion of the sale, the chief accounting officer now owns 6,105 shares in the company, valued at $1,495,969.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 116,043 shares of company stock valued at $29,766,694. Company insiders own 0.86% of the company’s stock.

Chubb Stock Up 0.3 %

Chubb stock opened at $245.25 on Wednesday. Chubb Limited has a twelve month low of $183.71 and a twelve month high of $260.58. The firm has a 50 day moving average price of $252.50 and a 200-day moving average price of $233.73. The company has a market capitalization of $99.57 billion, a P/E ratio of 11.23, a P/E/G ratio of 1.16 and a beta of 0.62. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.20.

Chubb (NYSE:CB) last released its earnings results on Tuesday, January 30th. The financial services provider reported $8.30 earnings per share for the quarter, beating analysts’ consensus estimates of $5.07 by $3.23. The firm had revenue of $13.38 billion during the quarter, compared to the consensus estimate of $12.88 billion. Chubb had a net margin of 18.11% and a return on equity of 16.45%. As a group, equities analysts predict that Chubb Limited will post 21.15 EPS for the current year.

Chubb Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Friday, March 15th were issued a $0.86 dividend. This represents a $3.44 annualized dividend and a yield of 1.40%. The ex-dividend date of this dividend was Thursday, March 14th. Chubb’s dividend payout ratio (DPR) is presently 15.76%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. HSBC reiterated a “hold” rating and set a $270.00 price objective (down previously from $275.00) on shares of Chubb in a report on Thursday, April 4th. JPMorgan Chase & Co. upped their price objective on shares of Chubb from $253.00 to $266.00 and gave the company a “neutral” rating in a report on Monday, April 8th. Citigroup reiterated a “neutral” rating and set a $275.00 price objective (up previously from $238.00) on shares of Chubb in a report on Thursday, March 14th. StockNews.com upgraded shares of Chubb from a “hold” rating to a “buy” rating in a report on Saturday, March 30th. Finally, BMO Capital Markets upped their target price on shares of Chubb from $220.00 to $240.00 and gave the stock a “market perform” rating in a report on Monday, February 5th. Nine research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Chubb presently has an average rating of “Moderate Buy” and an average target price of $266.37.

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.