Chubb Limited (NYSE:CB) Shares Bought by OLD National Bancorp IN

OLD National Bancorp IN increased its position in Chubb Limited (NYSE:CB) by 4.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,691 shares of the financial services provider’s stock after acquiring an additional 246 shares during the period. OLD National Bancorp IN’s holdings in Chubb were worth $1,286,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of CB. ZRC Wealth Management LLC acquired a new position in Chubb during the 4th quarter valued at about $29,000. Tennessee Valley Asset Management Partners bought a new position in shares of Chubb during the 4th quarter valued at about $32,000. Naples Money Management LLC bought a new position in shares of Chubb during the 4th quarter valued at about $34,000. Bell Investment Advisors Inc boosted its position in shares of Chubb by 39.6% during the 3rd quarter. Bell Investment Advisors Inc now owns 208 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 59 shares in the last quarter. Finally, Fortitude Family Office LLC bought a new position in shares of Chubb during the 4th quarter valued at about $59,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Chubb Stock Down 0.6 %

Shares of NYSE CB opened at $249.88 on Wednesday. The stock has a market cap of $101.45 billion, a P/E ratio of 11.45, a P/E/G ratio of 1.17 and a beta of 0.62. The firm has a 50 day moving average price of $252.64 and a 200 day moving average price of $235.15. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.29 and a current ratio of 0.29. Chubb Limited has a 52-week low of $183.71 and a 52-week high of $260.58.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, January 30th. The financial services provider reported $8.30 earnings per share for the quarter, beating the consensus estimate of $5.07 by $3.23. The company had revenue of $13.38 billion during the quarter, compared to analysts’ expectations of $12.88 billion. Chubb had a net margin of 18.11% and a return on equity of 16.45%. Analysts expect that Chubb Limited will post 21.32 EPS for the current year.

Chubb Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Friday, March 15th were issued a $0.86 dividend. This represents a $3.44 annualized dividend and a dividend yield of 1.38%. The ex-dividend date was Thursday, March 14th. Chubb’s dividend payout ratio (DPR) is presently 15.76%.

Insider Activity

In other news, EVP Timothy Alan Boroughs sold 14,303 shares of the company’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $258.78, for a total value of $3,701,330.34. Following the completion of the transaction, the executive vice president now owns 35,662 shares in the company, valued at $9,228,612.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP Timothy Alan Boroughs sold 14,303 shares of the business’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $258.78, for a total value of $3,701,330.34. Following the sale, the executive vice president now owns 35,662 shares of the company’s stock, valued at $9,228,612.36. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CAO Annmarie T. Hagan sold 7,180 shares of the business’s stock in a transaction 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 directly owns 6,105 shares in the company, valued at approximately $1,495,969.20. The disclosure for this sale can be found here. Insiders sold 116,043 shares of company stock worth $29,766,694 over the last quarter. 0.86% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

CB has been the subject of several research reports. Evercore ISI raised their price objective on shares of Chubb from $270.00 to $281.00 and gave the company an “outperform” rating in a research report on Thursday, April 11th. JPMorgan Chase & Co. raised their target price on shares of Chubb from $253.00 to $266.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. UBS Group raised their target price on shares of Chubb from $245.00 to $256.00 and gave the stock a “neutral” rating in a report on Monday, February 5th. HSBC reiterated a “hold” rating and issued a $270.00 target price (down from $275.00) on shares of Chubb in a report on Thursday, April 4th. Finally, StockNews.com upgraded shares of Chubb from a “hold” rating to a “buy” rating in a report on Saturday, March 30th. Nine analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $266.37.

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.