Chubb Limited (NYSE:CB) Shares Purchased by Aviso Financial Inc.

Aviso Financial Inc. raised its stake in shares of Chubb Limited (NYSE:CB) by 8.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 615 shares of the financial services provider’s stock after acquiring an additional 50 shares during the period. Aviso Financial Inc.’s holdings in Chubb were worth $170,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of CB. Continuum Advisory LLC lifted its holdings in shares of 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 during the period. Gordian Capital Singapore Pte Ltd acquired a new stake in shares of Chubb in the 3rd quarter worth $29,000. Raelipskie Partnership purchased a new stake in shares of Chubb in the third quarter valued at about $29,000. Sierra Ocean LLC acquired a new position in shares of Chubb during the fourth quarter worth about $29,000. Finally, Truvestments Capital LLC acquired a new position in shares of Chubb during the third quarter worth about $30,000. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. JMP Securities reaffirmed a “market outperform” rating and issued a $325.00 price objective on shares of Chubb in a report on Wednesday, January 29th. Keefe, Bruyette & Woods upped their price objective on Chubb from $328.00 to $329.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. HSBC raised Chubb from a “hold” rating to a “buy” rating and set a $323.00 target price for the company in a report on Wednesday, March 5th. Barclays lowered their price target on shares of Chubb from $349.00 to $324.00 and set an “overweight” rating on the stock in a research note on Monday, January 6th. Finally, Wells Fargo & Company reduced their price objective on shares of Chubb from $268.00 to $264.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 14th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Chubb presently has a consensus rating of “Hold” and a consensus price target of $301.00.

Chubb Price Performance

NYSE:CB opened at $294.46 on Friday. Chubb Limited has a 12-month low of $238.85 and a 12-month high of $302.05. The firm has a market cap of $117.91 billion, a price-to-earnings ratio of 12.96, a price-to-earnings-growth ratio of 3.36 and a beta of 0.66. The company’s 50-day moving average is $273.60 and its two-hundred day moving average is $280.82. 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 (NYSE:CB) last announced its quarterly earnings data 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%. Research analysts expect that Chubb Limited will post 21.52 EPS for the current year.

Chubb Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Stockholders 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 dividend yield of 1.24%. The ex-dividend date is Friday, March 14th. Chubb’s dividend payout ratio is currently 16.02%.

Insider Activity at Chubb

In related news, CEO Evan G. Greenberg sold 25,728 shares of the company’s stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $291.45, for a total transaction of $7,498,425.60. Following the completion of the transaction, 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Joseph F. Wayland sold 10,000 shares of Chubb stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $286.96, for a total transaction of $2,869,600.00. Following the completion of the transaction, 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. Insiders own 0.86% of the company’s stock.

Chubb 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.