Eagle Ridge Investment Management Acquires 290 Shares of Chubb Limited (NYSE:CB)

Eagle Ridge Investment Management grew its holdings in Chubb Limited (NYSE:CB) by 0.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 88,965 shares of the financial services provider’s stock after acquiring an additional 290 shares during the period. Chubb accounts for approximately 2.0% of Eagle Ridge Investment Management’s holdings, making the stock its 16th largest position. Eagle Ridge Investment Management’s holdings in Chubb were worth $20,106,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Americana Partners LLC bought a new stake in Chubb in the 3rd quarter valued at $292,000. Lazard Asset Management LLC boosted its holdings in Chubb by 978.1% in the 3rd quarter. Lazard Asset Management LLC now owns 546,556 shares of the financial services provider’s stock valued at $113,781,000 after purchasing an additional 495,860 shares during the period. Alphinity Investment Management Pty Ltd boosted its holdings in Chubb by 155.8% in the 4th quarter. Alphinity Investment Management Pty Ltd now owns 532,015 shares of the financial services provider’s stock valued at $120,235,000 after purchasing an additional 324,019 shares during the period. Graypoint LLC raised its stake in shares of Chubb by 1,275.7% in the 4th quarter. Graypoint LLC now owns 31,599 shares of the financial services provider’s stock valued at $7,141,000 after buying an additional 29,302 shares in the last quarter. Finally, BKM Wealth Management LLC acquired a new position in shares of Chubb in the 4th quarter valued at $1,403,000. 83.81% of the stock is owned by institutional investors.

Insider Buying and Selling at Chubb

In other Chubb news, CAO Annmarie T. Hagan sold 7,180 shares of Chubb stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $245.04, for a total value of $1,759,387.20. Following the transaction, the chief accounting officer now 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 accessible through this link. In other news, CAO Annmarie T. Hagan sold 7,180 shares of the business’s stock in a transaction on Thursday, February 1st. The shares were 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 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 accessible through the SEC website. Also, insider John J. Lupica sold 34,464 shares of the business’s stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $258.92, for a total transaction of $8,923,418.88. Following the completion of 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 quarter, insiders have sold 116,043 shares of company stock valued at $29,766,694. 0.86% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

CB has been the subject of a number of recent research reports. StockNews.com cut shares of Chubb from a “buy” rating to a “hold” rating in a research note on Wednesday, April 24th. TD Cowen began coverage on shares of Chubb in a research report on Wednesday, January 10th. They issued a “market perform” rating and a $254.00 price objective for the company. Roth Mkm restated a “buy” rating and issued a $280.00 price objective on shares of Chubb in a research report on Wednesday, April 24th. Wells Fargo & Company raised their price objective on shares of Chubb from $234.00 to $255.00 and gave the company an “equal weight” rating in a research report on Thursday, February 1st. Finally, UBS Group raised their price objective on shares of Chubb from $245.00 to $256.00 and gave the company a “neutral” rating in a research report on Monday, February 5th. Ten analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $266.89.

Chubb Trading Up 1.3 %

Chubb stock traded up $3.15 during midday trading on Monday, hitting $248.60. 915,381 shares of the stock were exchanged, compared to its average volume of 1,738,142. The company has a fifty day simple moving average of $252.33 and a two-hundred day simple moving average of $235.88. 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 $100.93 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 quick ratio of 0.29, a current ratio of 0.35 and a debt-to-equity ratio of 0.20.

Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, April 23rd. The financial services provider reported $5.41 earnings per share for the quarter, topping the consensus estimate of $5.29 by $0.12. Chubb had a net margin of 17.99% and a return on equity of 16.29%. The business had revenue of $12.22 billion for the quarter, compared to analyst estimates of $11.75 billion. During the same quarter last year, the firm earned $4.41 EPS. Chubb’s quarterly revenue was up 14.1% compared to the same quarter last year. Equities research analysts anticipate that Chubb Limited will post 21.17 EPS 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 paid a $0.86 dividend. This represents a $3.44 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date was Thursday, March 14th. Chubb’s payout ratio is currently 15.27%.

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.