Arjuna Capital Raises Stake in Chubb Limited (NYSE:CB)

Arjuna Capital raised its holdings in shares of Chubb Limited (NYSE:CB) by 9.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,339 shares of the financial services provider’s stock after acquiring an additional 533 shares during the period. Arjuna Capital’s holdings in Chubb were worth $1,751,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Bank Julius Baer & Co. Ltd Zurich purchased a new position in shares of Chubb in the fourth quarter worth about $361,000. Machina Capital S.A.S. bought a new position in Chubb during the 4th quarter worth approximately $1,853,000. AMG National Trust Bank increased its stake in Chubb by 2.3% in the 4th quarter. AMG National Trust Bank now owns 3,898 shares of the financial services provider’s stock worth $1,077,000 after purchasing an additional 88 shares during the period. Andra AP fonden lifted its position in Chubb by 4.0% in the fourth quarter. Andra AP fonden now owns 28,800 shares of the financial services provider’s stock valued at $7,957,000 after purchasing an additional 1,100 shares during the last quarter. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its stake in shares of Chubb by 77.8% during the fourth quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 1,371 shares of the financial services provider’s stock valued at $379,000 after purchasing an additional 600 shares during the period. 83.81% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently commented on CB shares. JMP Securities reaffirmed a “market outperform” rating and issued a $325.00 target price on shares of Chubb in a research note on Wednesday, January 29th. JPMorgan Chase & Co. boosted their price objective 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. Barclays lowered their price objective on shares of Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a research note on Monday, January 6th. Wells Fargo & Company cut their target price on Chubb from $268.00 to $264.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 14th. Finally, Keefe, Bruyette & Woods upped their price target on Chubb from $328.00 to $329.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $299.27.

Chubb Trading Up 0.1 %

Chubb stock opened at $286.52 on Friday. Chubb Limited has a one year low of $238.85 and a one year high of $302.05. The business’s fifty day moving average is $272.01 and its 200 day moving average is $280.24. The stock has a market capitalization of $115.50 billion, a PE ratio of 12.61, a price-to-earnings-growth ratio of 3.36 and a beta of 0.67. 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 (NYSE:CB) last announced its quarterly 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 net margin of 16.63% and a return on equity of 13.75%. On average, sell-side analysts predict that Chubb Limited will post 21.52 EPS for the current 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 given a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date is Friday, March 14th. Chubb’s dividend payout ratio (DPR) is presently 16.02%.

Insider Buying and Selling at Chubb

In related news, EVP Joseph F. Wayland sold 10,000 shares of Chubb stock in a transaction 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 owns 77,703 shares of the company’s stock, valued at $22,297,652.88. The trade was a 11.40 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.86% of the company’s stock.

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.