Interchange Capital Partners LLC Purchases 76 Shares of Chubb Limited (NYSE:CB)

Interchange Capital Partners LLC grew its holdings in Chubb Limited (NYSE:CB) by 5.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,359 shares of the financial services provider’s stock after purchasing an additional 76 shares during the quarter. Interchange Capital Partners LLC’s holdings in Chubb were worth $375,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Nwam LLC bought a new stake in shares of Chubb during the 3rd quarter valued at $273,000. Kingsview Wealth Management LLC increased its holdings in Chubb by 12.8% in the third quarter. Kingsview Wealth Management LLC now owns 6,043 shares of the financial services provider’s stock valued at $1,743,000 after purchasing an additional 686 shares during the last quarter. Swedbank AB lifted its stake in Chubb by 3.3% in the third quarter. Swedbank AB now owns 259,288 shares of the financial services provider’s stock valued at $74,776,000 after buying an additional 8,328 shares during the period. Larson Financial Group LLC boosted its holdings in Chubb by 146.7% during the third quarter. Larson Financial Group LLC now owns 565 shares of the financial services provider’s stock worth $163,000 after buying an additional 336 shares during the last quarter. Finally, Summit Trail Advisors LLC grew its position in shares of Chubb by 35.3% during the 3rd quarter. Summit Trail Advisors LLC now owns 6,326 shares of the financial services provider’s stock worth $1,830,000 after buying an additional 1,649 shares during the period. Institutional investors and hedge funds own 83.81% of the company’s stock.

Insider Activity

In other news, EVP Joseph F. Wayland sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $286.96, for a total value of $2,869,600.00. Following the completion of the sale, the executive vice president now directly owns 77,703 shares of the company’s stock, valued at $22,297,652.88. This trade represents a 11.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Evan G. Greenberg sold 25,728 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $291.45, for a total value of $7,498,425.60. Following the transaction, the chief executive officer now directly owns 584,395 shares in the company, valued at $170,321,922.75. The trade was a 4.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 63,470 shares of company stock valued at $18,562,730. 0.86% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on CB. JPMorgan Chase & Co. increased their price target on shares of Chubb from $296.00 to $300.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. JMP Securities reissued a “market outperform” rating and set a $325.00 price target on shares of Chubb in a research report on Wednesday, January 29th. Hsbc Global Res raised shares of Chubb from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 5th. HSBC upgraded shares of Chubb from a “hold” rating to a “buy” rating and set a $323.00 price objective for the company in a research report on Wednesday, March 5th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $320.00 target price on shares of Chubb in a research note on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $301.00.

Chubb Stock Up 0.0 %

Shares of CB stock opened at $291.52 on Tuesday. The firm’s fifty day moving average price is $277.16 and its two-hundred day moving average price is $281.22. The company has a current ratio of 0.25, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. Chubb Limited has a 1 year low of $238.85 and a 1 year high of $302.05. The firm has a market capitalization of $116.73 billion, a P/E ratio of 12.83, a PEG ratio of 3.36 and a beta of 0.66.

Chubb (NYSE:CB) last released its earnings results on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.33 by $0.69. Chubb had a return on equity of 13.75% and a net margin of 16.63%. On average, equities analysts predict that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 14th will be paid a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date of this dividend is Friday, March 14th. Chubb’s dividend payout ratio is currently 16.02%.

About Chubb

Chubb Limited provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, casualty, workers' compensation, package policies, risk management, financial lines, marine, construction, environmental, medical risk, cyber risk, surety, and casualty; and group accident and health insurance to large, middle market, and small commercial businesses.