Ables Iannone Moore & Associates Inc. Invests $29,000 in Chubb Limited (NYSE:CB)

Ables Iannone Moore & Associates Inc. purchased a new stake in shares of Chubb Limited (NYSE:CB) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 129 shares of the financial services provider’s stock, valued at approximately $29,000.

Other institutional investors also recently bought and sold shares of the company. Norges Bank purchased a new stake in Chubb during the fourth quarter worth $957,756,000. Bank of Nova Scotia increased its stake in shares of Chubb by 198.8% in the 4th quarter. Bank of Nova Scotia now owns 779,345 shares of the financial services provider’s stock valued at $176,126,000 after purchasing an additional 518,535 shares in the last quarter. Lazard Asset Management LLC boosted its position in Chubb by 978.1% during the third quarter. Lazard Asset Management LLC now owns 546,556 shares of the financial services provider’s stock worth $113,781,000 after purchasing an additional 495,860 shares in the last quarter. International Assets Investment Management LLC grew its holdings in Chubb by 19,454.2% in the fourth quarter. International Assets Investment Management LLC now owns 485,336 shares of the financial services provider’s stock valued at $1,096,860,000 after purchasing an additional 482,854 shares during the period. Finally, Public Employees Retirement Association of Colorado acquired a new stake in Chubb in the fourth quarter valued at approximately $97,207,000. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CB has been the topic of several research analyst reports. HSBC reissued a “hold” rating and issued a $270.00 price objective (down from $275.00) on shares of Chubb in a report on Thursday, April 4th. Roth Mkm reaffirmed a “buy” rating and issued a $280.00 price target on shares of Chubb in a research note on Wednesday, April 24th. JPMorgan Chase & Co. lifted their price target on Chubb from $253.00 to $266.00 and gave the stock a “neutral” rating in a research note on Monday, April 8th. Bank of America raised Chubb from an “underperform” rating to a “neutral” rating and lifted their price target for the stock from $244.00 to $266.00 in a research note on Thursday, May 23rd. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $280.00 price target on shares of Chubb in a research note on Monday, April 15th. Eleven equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $266.70.

Chubb Trading Up 0.5 %

CB opened at $260.72 on Tuesday. Chubb Limited has a 12 month low of $183.71 and a 12 month high of $275.41. The stock has a market capitalization of $105.87 billion, a price-to-earnings ratio of 11.57, a PEG ratio of 6.22 and a beta of 0.66. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.29 and a quick ratio of 0.29. The business has a fifty day moving average price of $256.32 and a 200 day moving average price of $246.45.

Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, April 23rd. The financial services provider reported $5.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.29 by $0.12. The business had revenue of $12.22 billion during the quarter, compared to analysts’ expectations of $11.75 billion. Chubb had a return on equity of 16.29% and a net margin of 17.99%. The business’s quarterly revenue was up 14.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.41 EPS. Sell-side analysts expect that Chubb Limited will post 21.19 earnings per share for the current fiscal year.

Chubb Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Friday, June 14th will be given a $0.91 dividend. The ex-dividend date is Friday, June 14th. This is a boost from Chubb’s previous quarterly dividend of $0.86. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.40%. Chubb’s dividend payout ratio is 16.16%.

Insider Activity at Chubb

In related news, EVP Timothy Alan Boroughs sold 14,303 shares of the company’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $258.78, for a total value of $3,701,330.34. Following the completion of the sale, the executive vice president now directly owns 35,662 shares of the company’s stock, valued at approximately $9,228,612.36. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, Director Michael G. Atieh sold 716 shares of the stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $269.70, for a total transaction of $193,105.20. Following the completion of the transaction, the director now directly owns 39,295 shares of the company’s stock, valued at approximately $10,597,861.50. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Timothy Alan Boroughs sold 14,303 shares of the company’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $258.78, for a total value of $3,701,330.34. Following the completion of the sale, the executive vice president now owns 35,662 shares in the company, valued at approximately $9,228,612.36. The disclosure for this sale can be found here. Insiders sold a total of 53,655 shares of company stock valued at $13,669,623 in the last three months. 0.86% of the stock is currently owned by company insiders.

About Chubb

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.