Gilliland Jeter Wealth Management LLC Buys Shares of 6,232 Chubb Limited (NYSE:CB)

Gilliland Jeter Wealth Management LLC purchased a new position in shares of Chubb Limited (NYSE:CB) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,232 shares of the financial services provider’s stock, valued at approximately $1,408,000.

Several other hedge funds have also recently modified their holdings of the stock. ZRC Wealth Management LLC purchased a new position in Chubb in the 4th quarter valued at $29,000. Tennessee Valley Asset Management Partners purchased a new position in Chubb in the 4th quarter valued at $32,000. Naples Money Management LLC purchased a new position in Chubb in the 4th quarter valued at $34,000. Bell Investment Advisors Inc grew its position in Chubb by 39.6% in the 3rd quarter. Bell Investment Advisors Inc now owns 208 shares of the financial services provider’s stock valued at $43,000 after buying an additional 59 shares during the last quarter. Finally, Fortitude Family Office LLC purchased a new position in Chubb in the 4th quarter valued at $59,000. 83.81% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CB has been the topic of several research analyst reports. BMO Capital Markets boosted their target price on shares of Chubb from $220.00 to $240.00 and gave the stock a “market perform” rating in a research report on Monday, February 5th. Roth Mkm restated a “buy” rating and set a $280.00 target price on shares of Chubb in a research report on Wednesday. Keefe, Bruyette & Woods boosted their target price on shares of Chubb from $275.00 to $297.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 10th. Evercore ISI lifted their price target on Chubb from $270.00 to $281.00 and gave the stock an “outperform” rating in a research note on Thursday, April 11th. Finally, Wells Fargo & Company lifted their price target on Chubb from $234.00 to $255.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 1st. Ten research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $266.89.

Chubb Trading Down 0.2 %

Shares of NYSE CB traded down $0.51 on Friday, reaching $245.45. 1,565,900 shares of the company traded hands, compared to its average volume of 1,523,435. 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 Limited has a fifty-two week low of $183.71 and a fifty-two week high of $260.58. The stock has a market capitalization of $99.65 billion, a PE ratio of 10.89, a P/E/G ratio of 1.16 and a beta of 0.62. The company has a 50 day moving average of $252.33 and a 200 day moving average of $235.71.

Chubb (NYSE:CB) last issued its earnings results on Tuesday, April 23rd. The financial services provider reported $5.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.29 by $0.12. Chubb had a return on equity of 16.29% and a net margin of 17.99%. The business had revenue of $12.22 billion during the quarter, compared to analysts’ expectations of $11.75 billion. During the same quarter in the previous year, the business earned $4.41 EPS. The company’s revenue for the quarter was up 14.1% on a year-over-year basis. On average, equities research analysts forecast that Chubb Limited will post 21.17 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Friday, March 15th were issued a $0.86 dividend. 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 dividend payout ratio is presently 15.27%.

Insiders Place Their Bets

In other Chubb news, EVP Timothy Alan Boroughs sold 14,303 shares of the company’s stock in a transaction that occurred 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 transaction, the executive vice president now owns 35,662 shares in the company, valued at approximately $9,228,612.36. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, EVP Timothy Alan Boroughs sold 14,303 shares of the stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $258.78, for a total transaction of $3,701,330.34. Following the completion of the transaction, the executive vice president now directly owns 35,662 shares in the company, valued at approximately $9,228,612.36. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider John J. Lupica sold 34,464 shares of the 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 transaction, the insider now owns 130,937 shares of the company’s stock, valued at $33,902,208.04. The disclosure for this sale can be found here. Insiders sold a total of 116,043 shares of company stock worth $29,766,694 in the last 90 days. 0.86% of the stock is owned by company insiders.

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.