3,043 Shares in Chubb Limited (NYSE:CB) Acquired by Cushing Capital Partners LLC

Cushing Capital Partners LLC purchased a new stake in shares of Chubb Limited (NYSE:CB) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 3,043 shares of the financial services provider’s stock, valued at approximately $844,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in CB. Continuum Advisory LLC raised its stake in Chubb by 56.5% in the 3rd quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 35 shares during the last quarter. Gordian Capital Singapore Pte Ltd purchased a new position in shares of Chubb in the third quarter worth about $29,000. Raelipskie Partnership acquired a new stake in shares of Chubb during the third quarter worth about $29,000. Sierra Ocean LLC purchased a new stake in Chubb in the fourth quarter valued at approximately $29,000. Finally, Truvestments Capital LLC purchased a new stake in Chubb in the third quarter valued at approximately $30,000. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Insider Buying and Selling

In other Chubb news, EVP Joseph F. Wayland sold 10,000 shares of the stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $286.96, for a total transaction 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 approximately $22,297,652.88. This trade represents a 11.40 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.86% of the company’s stock.

Chubb Price Performance

Shares of NYSE CB opened at $293.32 on Tuesday. The stock has a market capitalization of $117.45 billion, a price-to-earnings ratio of 12.91, a price-to-earnings-growth ratio of 3.36 and a beta of 0.66. Chubb Limited has a 52 week low of $238.85 and a 52 week high of $302.05. The firm has a 50-day simple moving average of $272.37 and a 200-day simple moving average of $280.50. The company has a quick ratio of 0.28, a current ratio of 0.25 and a debt-to-equity ratio of 0.21.

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 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 earnings per share for the current fiscal year.

Chubb Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 14th will be given a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 1.24%. The ex-dividend date is Friday, March 14th. Chubb’s payout ratio is presently 16.02%.

Wall Street Analyst Weigh In

Several analysts have recently commented on CB shares. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $320.00 price objective on shares of Chubb in a report on Thursday, January 30th. Keefe, Bruyette & Woods increased their price target on Chubb from $328.00 to $329.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. JPMorgan Chase & Co. boosted their price objective on Chubb from $296.00 to $300.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Wells Fargo & Company dropped their target price on Chubb from $268.00 to $264.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 14th. Finally, JMP Securities reissued a “market outperform” rating and issued a $325.00 price target on shares of Chubb in a report on Wednesday, January 29th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Chubb presently has an average rating of “Hold” and an average price target of $299.27.

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.