1,868 Shares in Chubb Limited $CB Bought by Madrid Wealth Management LLC

Madrid Wealth Management LLC purchased a new position in shares of Chubb Limited (NYSE:CB) in the fourth quarter, HoldingsChannel reports. The fund purchased 1,868 shares of the financial services provider’s stock, valued at approximately $583,000.

Other large investors have also added to or reduced their stakes in the company. Fifth Third Bancorp increased its holdings in shares of Chubb by 0.5% in the fourth quarter. Fifth Third Bancorp now owns 171,279 shares of the financial services provider’s stock valued at $53,460,000 after purchasing an additional 823 shares during the period. Danske Bank A S boosted its position in Chubb by 175.5% in the fourth quarter. Danske Bank A S now owns 663,505 shares of the financial services provider’s stock valued at $207,093,000 after buying an additional 422,697 shares during the last quarter. Mutual Advisors LLC boosted its position in Chubb by 0.9% in the fourth quarter. Mutual Advisors LLC now owns 6,301 shares of the financial services provider’s stock valued at $1,967,000 after buying an additional 56 shares during the last quarter. Vantage Point Financial LLC increased its holdings in Chubb by 3.5% in the 4th quarter. Vantage Point Financial LLC now owns 1,911 shares of the financial services provider’s stock worth $596,000 after buying an additional 65 shares during the period. Finally, Total Clarity Wealth Management Inc. raised its position in Chubb by 1.1% during the 4th quarter. Total Clarity Wealth Management Inc. now owns 4,247 shares of the financial services provider’s stock worth $1,326,000 after buying an additional 48 shares during the last quarter. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Chubb Stock Up 0.4%

CB opened at $327.20 on Friday. The company has a fifty day moving average of $329.03 and a two-hundred day moving average of $310.95. The stock has a market capitalization of $126.91 billion, a price-to-earnings ratio of 11.55, a PEG ratio of 1.67 and a beta of 0.49. Chubb Limited has a fifty-two week low of $264.10 and a fifty-two week high of $345.67. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.27 and a current ratio of 0.28.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, March 31st. The financial services provider reported $6.82 earnings per share (EPS) for the quarter. Chubb had a net margin of 18.58% and a return on equity of 14.30%. The business had revenue of $14.93 billion for the quarter. On average, research analysts expect that Chubb Limited will post 26.68 earnings per share for the current year.

Chubb Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 6th. Shareholders of record on Friday, March 13th were given a dividend of $0.97 per share. The ex-dividend date was Friday, March 13th. This represents a $3.88 dividend on an annualized basis and a yield of 1.2%. Chubb’s dividend payout ratio is currently 13.70%.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Citizens Jmp upped their price objective on shares of Chubb from $350.00 to $365.00 and gave the company a “market outperform” rating in a report on Wednesday, April 22nd. Barclays raised their target price on shares of Chubb from $374.00 to $375.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 22nd. UBS Group reaffirmed a “neutral” rating and issued a $340.00 price target on shares of Chubb in a report on Monday, February 9th. Mizuho cut their price target on Chubb from $336.00 to $335.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 14th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Chubb from $304.00 to $330.00 and gave the company a “hold” rating in a research note on Monday, March 23rd. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Chubb has an average rating of “Moderate Buy” and an average target price of $349.33.

Insiders Place Their Bets

In other news, CEO Evan G. Greenberg sold 15,060 shares of the company’s stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $331.47, for a total transaction of $4,991,938.20. Following the completion of the transaction, the chief executive officer directly owned 511,576 shares of the company’s stock, valued at $169,572,096.72. This represents a 2.86% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Olivier Steimer sold 2,000 shares of the stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of $329.30, for a total value of $658,600.00. Following the transaction, the director owned 25,468 shares in the company, valued at $8,386,612.40. This trade represents a 7.28% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 44,877 shares of company stock worth $14,885,226. 0.37% of the stock is owned by corporate insiders.

Chubb Profile

Chubb is a global property and casualty insurance company that underwrites a broad range of commercial and personal insurance products and related services. Its offerings include commercial property and casualty coverage, specialty liability, professional and management liability, cyber and technology insurance, marine and energy, surety, accident and health solutions, and high-net-worth personal lines such as homeowners, auto and valuables protection. Chubb serves businesses, individuals and institutions with tailored underwriting and risk-transfer solutions across multiple industry sectors.

In addition to core underwriting, Chubb provides risk engineering, loss control, claims management and risk consulting services intended to reduce loss severity and help clients manage exposures.