2,720 Shares in Chubb Limited $CB Purchased by CenterBook Partners LP

CenterBook Partners LP bought a new position in shares of Chubb Limited (NYSE:CB) in the fourth quarter, Holdings Channel reports. The institutional investor bought 2,720 shares of the financial services provider’s stock, valued at approximately $849,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. CBIZ Investment Advisory Services LLC increased its position in Chubb by 148.5% in the 4th quarter. CBIZ Investment Advisory Services LLC now owns 82 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 49 shares in the last quarter. KERR FINANCIAL PLANNING Corp bought a new position in shares of Chubb in the 3rd quarter valued at about $31,000. Laurel Wealth Advisors LLC bought a new position in shares of Chubb in the 4th quarter valued at about $31,000. Ares Financial Consulting LLC bought a new position in shares of Chubb in the 4th quarter valued at about $32,000. Finally, Cherry Tree Wealth Management LLC boosted its stake in Chubb by 38.3% during the 4th quarter. Cherry Tree Wealth Management LLC now owns 112 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 31 shares during the last quarter. 83.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CB has been the topic of several recent analyst reports. Keefe, Bruyette & Woods lifted their price objective on shares of Chubb from $373.00 to $374.00 and gave the stock an “outperform” rating in a research note on Thursday, April 23rd. BMO Capital Markets raised their target price on shares of Chubb from $326.00 to $339.00 and gave the stock a “market perform” rating in a report on Friday, April 24th. Cantor Fitzgerald restated a “neutral” rating and set a $315.00 target price on shares of Chubb in a report on Wednesday, April 22nd. Weiss Ratings upgraded shares of Chubb from a “buy (b+)” rating to a “buy (a-)” rating in a report on Monday, April 27th. Finally, Bank of America lowered their target price on shares of Chubb from $286.00 to $271.00 and set an “underperform” rating on the stock in a report on Tuesday, April 14th. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $349.43.

Chubb Price Performance

NYSE:CB opened at $330.55 on Thursday. The firm’s fifty day moving average price is $324.87 and its two-hundred day moving average price is $318.67. The company has a market cap of $128.21 billion, a P/E ratio of 11.67, a P/E/G ratio of 1.66 and a beta of 0.41. Chubb Limited has a one year low of $264.10 and a one 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 announced 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%. Equities analysts expect that Chubb Limited will post 26.8 earnings per share for the current year.

Chubb Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Stockholders of record on Friday, June 12th will be given a $1.02 dividend. The ex-dividend date of this dividend is Friday, June 12th. This is a boost from Chubb’s previous quarterly dividend of $0.97. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.2%. Chubb’s dividend payout ratio (DPR) is presently 14.41%.

Insider Activity

In related news, COO John W. Keogh sold 23,000 shares of the company’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $321.51, for a total transaction of $7,394,730.00. Following the completion of the sale, the chief operating officer owned 203,322 shares of the company’s stock, valued at $65,370,056.22. This represents a 10.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Olivier Steimer sold 2,000 shares of the company’s stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $329.30, for a total transaction of $658,600.00. Following the sale, the director directly owned 25,468 shares of the company’s stock, valued at $8,386,612.40. This represents a 7.28% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.37% of the company’s stock.

Chubb Company 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.