Pittenger & Anderson Inc. Boosts Stake in Chubb Limited (NYSE:CB)

Pittenger & Anderson Inc. raised its position in Chubb Limited (NYSE:CB) by 2.0% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 57,681 shares of the financial services provider’s stock after purchasing an additional 1,149 shares during the period. Pittenger & Anderson Inc.’s holdings in Chubb were worth $13,036,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of CB. IFP Advisors Inc increased its stake in shares of Chubb by 34.7% during the 3rd quarter. IFP Advisors Inc now owns 1,086 shares of the financial services provider’s stock worth $226,000 after purchasing an additional 280 shares during the last quarter. Arkadios Wealth Advisors boosted its holdings in Chubb by 15.8% in the 3rd quarter. Arkadios Wealth Advisors now owns 1,592 shares of the financial services provider’s stock worth $331,000 after buying an additional 217 shares during the period. Avior Wealth Management LLC boosted its holdings in Chubb by 14.9% in the 3rd quarter. Avior Wealth Management LLC now owns 5,082 shares of the financial services provider’s stock worth $1,058,000 after buying an additional 659 shares during the period. LaFleur & Godfrey LLC bought a new position in Chubb in the 3rd quarter worth approximately $202,000. Finally, Proficio Capital Partners LLC boosted its holdings in Chubb by 5.1% in the 3rd quarter. Proficio Capital Partners LLC now owns 2,679 shares of the financial services provider’s stock worth $558,000 after buying an additional 130 shares during the period. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Chubb Stock Up 0.1 %

NYSE:CB traded up $0.30 during trading hours on Friday, reaching $246.26. 746,322 shares of the company traded hands, compared to its average volume of 1,738,242. The business’s 50-day moving average price is $252.44 and its two-hundred day moving average price is $235.28. The stock has a market capitalization of $99.98 billion, a P/E ratio of 10.92, a P/E/G ratio of 1.14 and a beta of 0.62. Chubb Limited has a 1 year low of $183.71 and a 1 year high of $260.58. The company has a current ratio of 0.35, a quick ratio of 0.29 and a debt-to-equity ratio of 0.20.

Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, April 23rd. The financial services provider reported $5.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.29 by $0.12. The business had revenue of $12.22 billion during the quarter, compared to analysts’ expectations of $11.75 billion. Chubb had a return on equity of 16.29% and a net margin of 17.99%. The firm’s quarterly revenue was up 14.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.41 earnings per share. Analysts predict that Chubb Limited will post 21.32 earnings per share for the current year.

Chubb Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Friday, March 15th were paid a dividend of $0.86 per share. This represents a $3.44 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date was Thursday, March 14th. Chubb’s payout ratio is 15.27%.

Insider Buying and Selling at Chubb

In other news, 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 value of $1,759,387.20. Following the completion of the transaction, the chief accounting officer now owns 6,105 shares in the company, valued at $1,495,969.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Timothy Alan Boroughs sold 14,303 shares of Chubb stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $258.78, for a total value of $3,701,330.34. Following the completion of 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Annmarie T. Hagan sold 7,180 shares of Chubb stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $245.04, for a total value of $1,759,387.20. Following the completion of the sale, the chief accounting officer now directly owns 6,105 shares of the company’s stock, valued at approximately $1,495,969.20. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 116,043 shares of company stock worth $29,766,694. 0.86% of the stock is owned by insiders.

Analyst Ratings Changes

CB has been the subject of several analyst reports. Evercore ISI raised their price objective on shares of Chubb from $270.00 to $281.00 and gave the stock an “outperform” rating in a report on Thursday, April 11th. JPMorgan Chase & Co. raised their price objective on shares of Chubb from $253.00 to $266.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. Royal Bank of Canada cut their price objective on shares of Chubb from $295.00 to $285.00 and set an “outperform” rating for the company in a report on Thursday. StockNews.com downgraded shares of Chubb from a “buy” rating to a “hold” rating in a report on Wednesday. Finally, BMO Capital Markets raised their price target on shares of Chubb from $220.00 to $240.00 and gave the company a “market perform” rating in a report on Monday, February 5th. Ten equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $266.89.

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.