Greenleaf Trust Raises Holdings in Chubb Limited (NYSE:CB)

Greenleaf Trust increased its position in Chubb Limited (NYSE:CB) by 2.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 20,316 shares of the financial services provider’s stock after buying an additional 558 shares during the quarter. Greenleaf Trust’s holdings in Chubb were worth $4,591,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Naples Money Management LLC purchased a new position in shares of Chubb in the 4th quarter worth $34,000. Cornerstone Investment Partners LLC increased its holdings in Chubb by 0.7% in the 4th quarter. Cornerstone Investment Partners LLC now owns 304,098 shares of the financial services provider’s stock valued at $68,726,000 after purchasing an additional 2,054 shares in the last quarter. HTLF Bank acquired a new stake in Chubb in the 4th quarter valued at $296,000. Echo45 Advisors LLC increased its holdings in Chubb by 5.0% in the 4th quarter. Echo45 Advisors LLC now owns 1,178 shares of the financial services provider’s stock valued at $266,000 after purchasing an additional 56 shares in the last quarter. Finally, Fidelis Capital Partners LLC increased its holdings in Chubb by 76.7% in the 4th quarter. Fidelis Capital Partners LLC now owns 3,078 shares of the financial services provider’s stock valued at $696,000 after purchasing an additional 1,336 shares in the last quarter. 83.81% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Timothy Alan Boroughs sold 33,150 shares of Chubb stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $255.11, for a total transaction of $8,456,896.50. Following the sale, the executive vice president now owns 50,486 shares of the company’s stock, valued at $12,879,483.46. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, EVP Timothy Alan Boroughs sold 33,150 shares of Chubb stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $255.11, for a total transaction of $8,456,896.50. Following the sale, the executive vice president now owns 50,486 shares of the company’s stock, valued at $12,879,483.46. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider John J. Lupica sold 34,464 shares of Chubb 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 sale, the insider now directly owns 130,937 shares in the company, valued at approximately $33,902,208.04. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 116,043 shares of company stock valued at $29,766,694. Insiders own 0.86% of the company’s stock.

Wall Street Analyst Weigh In

CB has been the subject of several recent research reports. UBS Group increased their price target on Chubb from $245.00 to $256.00 and gave the company a “neutral” rating in a report on Monday, February 5th. Keefe, Bruyette & Woods increased their price target on Chubb from $275.00 to $297.00 and gave the company an “outperform” rating in a report on Wednesday, April 10th. The Goldman Sachs Group raised their target price on Chubb from $228.00 to $254.00 and gave the company a “neutral” rating in a research note on Friday, April 12th. StockNews.com upgraded Chubb from a “hold” rating to a “buy” rating in a research note on Saturday, March 30th. Finally, Morgan Stanley raised their target price on Chubb from $258.00 to $260.00 and gave the company an “equal weight” rating in a research note on Monday, April 15th. Nine investment analysts have rated the stock with a hold rating, nine have given 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 “Moderate Buy” and a consensus target price of $266.37.

Chubb Stock Performance

Shares of NYSE CB opened at $250.21 on Friday. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.20. The firm’s 50-day moving average price is $252.51 and its two-hundred day moving average price is $234.19. Chubb Limited has a 52-week low of $183.71 and a 52-week high of $260.58. The stock has a market capitalization of $101.58 billion, a P/E ratio of 11.46, a P/E/G ratio of 1.16 and a beta of 0.62.

Chubb (NYSE:CB) last issued its earnings results on Tuesday, January 30th. The financial services provider reported $8.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.07 by $3.23. Chubb had a net margin of 18.11% and a return on equity of 16.45%. The firm had revenue of $13.38 billion for the quarter, compared to analysts’ expectations of $12.88 billion. As a group, sell-side analysts forecast that Chubb Limited will post 21.13 earnings per share for the current year.

Chubb Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Friday, March 15th were issued a dividend of $0.86 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $3.44 dividend on an annualized basis and a dividend yield of 1.37%. Chubb’s dividend payout ratio (DPR) is presently 15.76%.

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.