Chubb Limited (NYSE:CB) Shares Acquired by Financial Counselors Inc.

Financial Counselors Inc. increased its position in shares of Chubb Limited (NYSE:CB) by 0.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 198,929 shares of the financial services provider’s stock after acquiring an additional 1,600 shares during the quarter. Financial Counselors Inc.’s holdings in Chubb were worth $54,964,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Continuum Advisory LLC raised its holdings in Chubb by 56.5% during the third quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 35 shares in the last quarter. Gordian Capital Singapore Pte Ltd purchased a new position in shares of Chubb in the 3rd quarter valued at $29,000. Raelipskie Partnership acquired a new stake in Chubb during the 3rd quarter worth $29,000. Sierra Ocean LLC acquired a new stake in Chubb during the 4th quarter worth $29,000. Finally, Crowley Wealth Management Inc. purchased a new stake in Chubb in the fourth quarter valued at $29,000. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Insider Buying and Selling at Chubb

In other Chubb news, EVP Timothy Alan Boroughs sold 14,748 shares of Chubb stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $296.12, for a total transaction of $4,367,177.76. Following the completion of the transaction, the executive vice president now owns 29,194 shares in the company, valued at approximately $8,644,927.28. The trade was a 33.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Joseph F. Wayland sold 10,000 shares of the stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $286.96, for a total value of $2,869,600.00. Following the sale, the executive vice president now owns 77,703 shares in the company, valued at approximately $22,297,652.88. This trade represents a 11.40 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 63,470 shares of company stock valued at $18,562,730. Corporate insiders own 0.86% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Hsbc Global Res raised Chubb from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 5th. Wells Fargo & Company cut their price target on Chubb from $268.00 to $264.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 14th. Royal Bank of Canada reissued an “outperform” rating and issued a $320.00 price objective on shares of Chubb in a report on Thursday, January 30th. JMP Securities reaffirmed a “market outperform” rating and issued a $325.00 target price on shares of Chubb in a report on Wednesday, January 29th. Finally, HSBC upgraded shares of Chubb from a “hold” rating to a “buy” rating and set a $323.00 price target for the company in a research note on Wednesday, March 5th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $301.00.

Chubb Price Performance

CB opened at $291.44 on Wednesday. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.25 and a quick ratio of 0.28. Chubb Limited has a 12 month low of $238.85 and a 12 month high of $302.05. The stock has a market capitalization of $116.70 billion, a P/E ratio of 12.83, a P/E/G ratio of 3.36 and a beta of 0.66. The business has a 50 day simple moving average of $277.68 and a 200-day simple moving average of $281.25.

Chubb (NYSE:CB) last released its earnings results on Tuesday, January 28th. The financial services provider reported $6.02 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 anticipate that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 14th will be issued a $0.91 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $3.64 dividend on an annualized basis and a yield of 1.25%. Chubb’s dividend payout ratio (DPR) is presently 16.02%.

Chubb Company Profile

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.