Inceptionr LLC Invests $1.12 Million in Chubb Limited $CB

Inceptionr LLC purchased a new position in Chubb Limited (NYSE:CB) in the 4th quarter, Holdings Channel reports. The firm purchased 3,575 shares of the financial services provider’s stock, valued at approximately $1,116,000.

Several other hedge funds have also recently modified their holdings of CB. CBIZ Investment Advisory Services LLC raised its stake in shares of Chubb by 148.5% in the fourth quarter. CBIZ Investment Advisory Services LLC now owns 82 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 49 shares during the last quarter. KERR FINANCIAL PLANNING Corp purchased a new position in shares of Chubb in the third quarter worth $31,000. Laurel Wealth Advisors LLC purchased a new position in shares of Chubb in the fourth quarter worth $31,000. Ares Financial Consulting LLC purchased a new position in shares of Chubb in the fourth quarter worth $32,000. Finally, Cherry Tree Wealth Management LLC raised its stake in shares of Chubb by 38.3% in the fourth quarter. Cherry Tree Wealth Management LLC now owns 112 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 31 shares during the last quarter. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Chubb Stock Performance

Shares of CB opened at $330.55 on Thursday. 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 Limited has a one year low of $264.10 and a one year high of $345.67. The firm has a market capitalization of $128.21 billion, a P/E ratio of 11.67, a PEG ratio of 1.66 and a beta of 0.41. The business has a fifty day moving average of $324.87 and a 200 day moving average of $318.67.

Chubb (NYSE:CB) last issued its quarterly earnings data on Tuesday, March 31st. The financial services provider reported $6.82 EPS for the quarter. Chubb had a return on equity of 14.30% and a net margin of 18.58%.The company had revenue of $14.93 billion during the quarter. As a group, sell-side analysts anticipate that Chubb Limited will post 26.8 EPS for the current year.

Chubb Increases Dividend

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

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on CB. JPMorgan Chase & Co. boosted their price target on Chubb from $330.00 to $340.00 and gave the stock a “neutral” rating in a research note on Monday, April 20th. Wells Fargo & Company boosted their price target on Chubb from $321.00 to $333.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 23rd. Mizuho decreased their price target on Chubb from $336.00 to $335.00 and set a “neutral” rating for the company in a research note on Tuesday, April 14th. Jefferies Financial Group cut their price objective on Chubb from $356.00 to $352.00 and set a “hold” rating for the company in a report on Thursday, April 23rd. Finally, The Goldman Sachs Group cut their price objective on Chubb from $372.00 to $362.00 and set a “buy” rating for the company in a report on Monday. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Chubb has an average rating of “Moderate Buy” and an average price target of $349.43.

Insider Activity

In other news, Director Olivier Steimer sold 2,000 shares of the firm’s stock in a transaction dated Thursday, March 19th. The stock was 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 of the company’s stock, valued at $8,386,612.40. This trade represents a 7.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO John W. Keogh sold 23,000 shares of Chubb stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $321.51, for a total value of $7,394,730.00. Following the transaction, the chief operating officer directly owned 203,322 shares in the company, valued at approximately $65,370,056.22. The trade was a 10.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.37% of the stock is owned by company insiders.

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.