Addison Advisors LLC Increases Stake in Chubb Limited (NYSE:CB)

Addison Advisors LLC boosted its stake in Chubb Limited (NYSE:CB) by 87.0% in the 4th quarter, Holdings Channel reports. The firm owned 215 shares of the financial services provider’s stock after acquiring an additional 100 shares during the quarter. Addison Advisors LLC’s holdings in Chubb were worth $49,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in CB. CX Institutional boosted its stake in Chubb by 3.2% in the 3rd quarter. CX Institutional now owns 2,653 shares of the financial services provider’s stock worth $552,000 after purchasing an additional 82 shares during the period. U.S. Capital Wealth Advisors LLC boosted its position in shares of Chubb by 1.2% during the 3rd quarter. U.S. Capital Wealth Advisors LLC now owns 9,041 shares of the financial services provider’s stock valued at $1,882,000 after acquiring an additional 105 shares during the last quarter. Trust Co. of Toledo NA OH boosted its position in shares of Chubb by 86.5% during the 3rd quarter. Trust Co. of Toledo NA OH now owns 2,427 shares of the financial services provider’s stock valued at $505,000 after acquiring an additional 1,126 shares during the last quarter. Valeo Financial Advisors LLC boosted its position in shares of Chubb by 9.2% during the 3rd quarter. Valeo Financial Advisors LLC now owns 3,915 shares of the financial services provider’s stock valued at $815,000 after acquiring an additional 331 shares during the last quarter. Finally, Golden State Equity Partners boosted its position in shares of Chubb by 24.0% during the 3rd quarter. Golden State Equity Partners now owns 1,842 shares of the financial services provider’s stock valued at $383,000 after acquiring an additional 357 shares during the last quarter. Institutional investors own 83.81% of the company’s stock.

Chubb Trading Down 0.2 %

Chubb stock traded down $0.51 during trading hours on Friday, reaching $245.45. The company had a trading volume of 1,565,900 shares, compared to its average volume of 1,523,435. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.35 and a quick ratio of 0.29. The company has a 50-day moving average price of $252.33 and a 200 day moving average price of $235.71. The firm has a market cap of $99.65 billion, a price-to-earnings ratio of 10.89, a P/E/G ratio of 1.16 and a beta of 0.62. Chubb Limited has a 12-month low of $183.71 and a 12-month high of $260.58.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, April 23rd. The financial services provider reported $5.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.29 by $0.12. Chubb had a return on equity of 16.29% and a net margin of 17.99%. The firm had revenue of $12.22 billion for the quarter, compared to analysts’ expectations of $11.75 billion. During the same period in the previous year, the firm earned $4.41 earnings per share. The business’s revenue was up 14.1% compared to the same quarter last year. Equities analysts forecast that Chubb Limited will post 21.17 earnings per share for the current year.

Chubb Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Friday, March 15th were paid a dividend of $0.86 per share. The ex-dividend date was Thursday, March 14th. This represents a $3.44 annualized dividend and a dividend yield of 1.40%. Chubb’s dividend payout ratio (DPR) is presently 15.27%.

Insider Buying and Selling

In related news, CAO Annmarie T. Hagan sold 7,180 shares of the company’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 sale, the chief accounting officer now directly owns 6,105 shares of the company’s stock, valued at $1,495,969.20. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Chubb news, EVP Joseph F. Wayland sold 26,946 shares of the business’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $257.02, for a total value of $6,925,660.92. Following the sale, the executive vice president now directly owns 95,252 shares of the company’s stock, valued at $24,481,669.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 value 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 $1,495,969.20. The disclosure for this sale can be found here. Insiders have sold a total of 116,043 shares of company stock valued at $29,766,694 over the last ninety days. Company insiders own 0.86% of the company’s stock.

Wall Street Analysts Forecast Growth

CB has been the subject of a number of research analyst reports. JMP Securities reiterated a “market outperform” rating and set a $280.00 price target on shares of Chubb in a research report on Monday, April 15th. Morgan Stanley lifted their price target on Chubb from $258.00 to $260.00 and gave the company an “equal weight” rating in a research report on Monday, April 15th. StockNews.com downgraded Chubb from a “buy” rating to a “hold” rating in a research report on Wednesday. TD Cowen assumed coverage on Chubb in a research report on Wednesday, January 10th. They issued a “market perform” rating and a $254.00 target price for the company. Finally, Royal Bank of Canada dropped their target price on Chubb from $295.00 to $285.00 and set an “outperform” rating for the company in a research report on Thursday. Ten 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, Chubb currently 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.