Chubb Limited $CB Stock Position Raised by Ieq Capital LLC

Ieq Capital LLC lifted its position in Chubb Limited (NYSE:CB) by 90.8% in the 4th quarter, Holdings Channel reports. The fund owned 240,131 shares of the financial services provider’s stock after buying an additional 114,251 shares during the period. Ieq Capital LLC’s holdings in Chubb were worth $74,949,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. CBIZ Investment Advisory Services LLC lifted 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 worth $26,000 after buying an additional 49 shares in the last quarter. Laurel Wealth Advisors LLC purchased a new stake in Chubb in the 4th quarter worth approximately $31,000. Ares Financial Consulting LLC purchased a new stake in Chubb in the 4th quarter worth approximately $32,000. KERR FINANCIAL PLANNING Corp purchased a new stake in Chubb in the 3rd quarter worth approximately $31,000. Finally, Cherry Tree Wealth Management LLC lifted its position in Chubb by 38.3% in the 4th quarter. Cherry Tree Wealth Management LLC now owns 112 shares of the financial services provider’s stock worth $35,000 after buying an additional 31 shares in the last quarter. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Insiders Place Their Bets

In related news, Director Olivier Steimer sold 2,000 shares of the firm’s stock in a transaction 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 directly owned 25,468 shares in the company, valued at approximately $8,386,612.40. This trade represents a 7.28% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, COO John W. Keogh sold 23,000 shares of the firm’s stock in a transaction on 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 transaction, the chief operating officer owned 203,322 shares in the company, valued at $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. Company insiders own 0.37% of the company’s stock.

Chubb Stock Up 0.0%

Chubb stock opened at $328.06 on Friday. Chubb Limited has a 1-year low of $264.10 and a 1-year high of $345.67. The firm’s fifty day simple moving average is $324.93 and its 200-day simple moving average is $318.94. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $127.24 billion, a P/E ratio of 11.58, a P/E/G ratio of 1.67 and a beta of 0.41.

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. Sell-side analysts forecast that Chubb Limited will post 26.8 earnings per share for the current fiscal year.

Chubb Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Friday, June 12th will be paid a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Friday, June 12th. This is a boost from Chubb’s previous quarterly dividend of $0.97. Chubb’s dividend payout ratio (DPR) is 13.70%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on CB. HSBC increased their target price on shares of Chubb from $362.00 to $370.00 and gave the stock a “buy” rating in a research report on Thursday, April 23rd. Wells Fargo & Company increased their target price on shares of Chubb from $321.00 to $333.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 23rd. Mizuho cut their target price on shares of Chubb from $336.00 to $335.00 and set a “neutral” rating for the company in a research report on Tuesday, April 14th. Bank of America cut their target price on shares of Chubb from $286.00 to $271.00 and set an “underperform” rating for the company in a research report on Tuesday, April 14th. Finally, Barclays cut their target price on shares of Chubb from $375.00 to $368.00 and set an “equal weight” rating for the company in a research report on Friday. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $349.10.

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.