Zions Bancorporation N.A. Purchases 1,441 Shares of Chubb Limited (NYSE:CB)

Zions Bancorporation N.A. boosted its position in Chubb Limited (NYSE:CB) by 59.6% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 3,858 shares of the financial services provider’s stock after purchasing an additional 1,441 shares during the period. Zions Bancorporation N.A.’s holdings in Chubb were worth $1,066,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC grew its position in Chubb by 57.8% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 356,602 shares of the financial services provider’s stock valued at $102,840,000 after buying an additional 130,629 shares during the period. Czech National Bank grew its position in shares of Chubb by 6.2% during the 4th quarter. Czech National Bank now owns 81,282 shares of the financial services provider’s stock valued at $22,458,000 after acquiring an additional 4,757 shares during the period. Barclays PLC increased its stake in shares of Chubb by 28.1% during the 3rd quarter. Barclays PLC now owns 1,772,688 shares of the financial services provider’s stock worth $511,226,000 after purchasing an additional 388,746 shares during the last quarter. Weiss Asset Management LP bought a new stake in shares of Chubb in the 3rd quarter worth approximately $27,424,000. Finally, Versant Capital Management Inc grew its holdings in Chubb by 133.9% during the fourth quarter. Versant Capital Management Inc now owns 552 shares of the financial services provider’s stock valued at $153,000 after purchasing an additional 316 shares during the period. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Insider Buying and Selling at Chubb

In other Chubb news, CAO George F. Ohsiek sold 763 shares of the business’s stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $290.41, for a total value of $221,582.83. Following the transaction, the chief accounting officer now owns 20,044 shares in the company, valued at approximately $5,820,978.04. The trade was a 3.67 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Evan G. Greenberg sold 25,728 shares of the stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $291.45, for a total transaction of $7,498,425.60. Following the sale, the chief executive officer now owns 584,395 shares of the company’s stock, valued at approximately $170,321,922.75. This represents a 4.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 63,470 shares of company stock worth $18,562,730. 0.86% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on CB shares. Hsbc Global Res upgraded shares of Chubb from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 5th. Wells Fargo & Company lowered their target price on shares of Chubb from $268.00 to $264.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 14th. JPMorgan Chase & Co. increased their price objective on Chubb from $296.00 to $300.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Barclays reduced their target price on Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a research report on Monday, January 6th. Finally, Keefe, Bruyette & Woods raised their price target on Chubb from $328.00 to $329.00 and gave the company an “outperform” rating in a report on Friday, January 31st. Two research analysts have rated the stock with a sell rating, six have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Chubb currently has an average rating of “Hold” and a consensus price target of $301.00.

Chubb Trading Up 1.3 %

Shares of CB opened at $295.16 on Thursday. Chubb Limited has a fifty-two week low of $238.85 and a fifty-two week high of $302.05. The firm has a market cap of $118.19 billion, a price-to-earnings ratio of 12.99, a PEG ratio of 3.36 and a beta of 0.66. The firm has a 50 day moving average price of $278.22 and a 200-day moving average price of $281.35. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.25.

Chubb (NYSE:CB) last posted its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.33 by $0.69. Chubb had a net margin of 16.63% and a return on equity of 13.75%. As a group, equities research analysts forecast that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 14th will be paid a $0.91 dividend. The ex-dividend date is Friday, March 14th. This represents a $3.64 dividend on an annualized basis and a yield of 1.23%. Chubb’s dividend payout ratio (DPR) is currently 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.