Chubb Limited $CB Shares Bought by Van Cleef Asset Management Inc

Van Cleef Asset Management Inc raised its position in Chubb Limited (NYSE:CB) by 7.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 25,950 shares of the financial services provider’s stock after acquiring an additional 1,884 shares during the period. Chubb makes up approximately 0.8% of Van Cleef Asset Management Inc’s holdings, making the stock its 23rd biggest holding. Van Cleef Asset Management Inc’s holdings in Chubb were worth $8,100,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of CB. KERR FINANCIAL PLANNING Corp acquired a new stake in Chubb in the third quarter valued at approximately $31,000. Laurel Wealth Advisors LLC acquired a new stake in shares of Chubb during the fourth quarter worth $31,000. Ares Financial Consulting LLC acquired a new stake in shares of Chubb during the fourth quarter worth $32,000. Cornerstone Planning Group LLC lifted its stake in shares of Chubb by 81.5% during the third quarter. Cornerstone Planning Group LLC now owns 118 shares of the financial services provider’s stock worth $33,000 after buying an additional 53 shares during the period. Finally, GoalVest Advisory LLC acquired a new stake in shares of Chubb during the fourth quarter worth $40,000. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Chubb

In related news, Director Olivier Steimer sold 2,000 shares of the business’s stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $329.30, for a total transaction of $658,600.00. Following the completion of the transaction, the director directly owned 25,468 shares in the company, valued at $8,386,612.40. The trade was a 7.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.37% of the stock is owned by corporate insiders.

Chubb Trading Up 0.0%

NYSE CB opened at $328.03 on Monday. The company has a market capitalization of $127.23 billion, a PE ratio of 11.58, a P/E/G ratio of 1.68 and a beta of 0.43. The company has a fifty day moving average of $326.50 and a 200 day moving average of $316.08. Chubb Limited has a 1 year low of $264.10 and a 1 year high of $345.67. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.28 and a quick 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. The company had revenue of $14.93 billion during the quarter. Chubb had a net margin of 18.58% and a return on equity of 14.30%. Research analysts forecast that Chubb Limited will post 26.78 earnings per share for the current year.

Chubb Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 6th. Investors 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 payout ratio is currently 13.70%.

Wall Street Analyst Weigh In

CB has been the subject of several research reports. Cantor Fitzgerald reiterated a “neutral” rating and set a $315.00 price objective on shares of Chubb in a research note on Wednesday, April 22nd. BMO Capital Markets lifted their price objective on shares of Chubb from $326.00 to $339.00 and gave the stock a “market perform” rating in a research note on Friday, April 24th. Wells Fargo & Company lifted their price objective on shares of Chubb from $321.00 to $333.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 23rd. HSBC lifted their price objective on shares of Chubb from $362.00 to $370.00 and gave the stock a “buy” rating in a research note on Thursday, April 23rd. Finally, Citizens Jmp lifted their price objective on shares of Chubb from $350.00 to $365.00 and gave the stock a “market outperform” rating in a research note on Wednesday, April 22nd. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $349.33.

About Chubb

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.