Global Assets Advisory LLC Buys New Shares in Chubb Limited (NYSE:CB)

Global Assets Advisory LLC acquired a new position in shares of Chubb Limited (NYSE:CB) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 14,929 shares of the financial services provider’s stock, valued at approximately $3,869,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. ZRC Wealth Management LLC acquired a new position in shares of Chubb during the 4th quarter worth approximately $29,000. Ables Iannone Moore & Associates Inc. bought a new position in shares of Chubb during the fourth quarter worth approximately $29,000. Tennessee Valley Asset Management Partners acquired a new stake in Chubb during the 4th quarter worth approximately $32,000. Northwest Financial Advisors bought a new stake in Chubb in the 4th quarter valued at $33,000. Finally, Naples Money Management LLC bought a new position in Chubb during the 4th quarter worth $34,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Chubb Stock Performance

Shares of CB opened at $266.12 on Tuesday. Chubb Limited has a one year low of $183.71 and a one year high of $275.41. The company has a market cap of $108.06 billion, a PE ratio of 11.81, a P/E/G ratio of 6.35 and a beta of 0.66. The stock has a 50-day moving average of $258.17 and a 200-day moving average of $247.80. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.29 and a quick ratio of 0.29.

Chubb (NYSE:CB) last announced its quarterly earnings results on Tuesday, April 23rd. The financial services provider reported $5.41 earnings per share for the quarter, beating the consensus estimate of $5.29 by $0.12. The business had revenue of $12.22 billion for the quarter, compared to analysts’ expectations of $11.75 billion. Chubb had a net margin of 17.99% and a return on equity of 16.29%. The firm’s revenue for the quarter was up 14.1% compared to the same quarter last year. During the same quarter last year, the firm earned $4.41 EPS. On average, equities research analysts predict that Chubb Limited will post 21.15 EPS for the current fiscal year.

Chubb Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 5th. Stockholders of record on Friday, June 14th will be paid a $0.91 dividend. This is a positive change from Chubb’s previous quarterly dividend of $0.86. The ex-dividend date is Friday, June 14th. This represents a $3.64 annualized dividend and a dividend yield of 1.37%. Chubb’s dividend payout ratio is presently 16.16%.

Insider Activity

In related news, COO John W. Keogh sold 34,707 shares of the business’s stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $251.98, for a total value of $8,745,469.86. Following the transaction, the chief operating officer now directly owns 284,136 shares of the company’s stock, valued at approximately $71,596,589.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Chubb news, COO John W. Keogh sold 34,707 shares of the business’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $251.98, for a total value of $8,745,469.86. Following the sale, the chief operating officer now directly owns 284,136 shares in the company, valued at $71,596,589.28. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Annmarie T. Hagan sold 1,529 shares of Chubb stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $263.81, for a total value of $403,365.49. Following the completion of the sale, the chief accounting officer now directly owns 7,718 shares of the company’s stock, valued at approximately $2,036,085.58. The disclosure for this sale can be found here. Insiders sold a total of 47,552 shares of company stock worth $12,149,985 over the last quarter. Insiders own 0.86% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Citigroup reissued a “neutral” rating and set a $275.00 target price (up from $238.00) on shares of Chubb in a report on Thursday, March 14th. Roth Mkm restated a “buy” rating and set a $280.00 target price on shares of Chubb in a research note on Wednesday, April 24th. HSBC reaffirmed a “hold” rating and issued a $270.00 price objective (down from $275.00) on shares of Chubb in a research note on Thursday, April 4th. Morgan Stanley increased their target price on shares of Chubb from $258.00 to $260.00 and gave the stock an “equal weight” rating in a report on Monday, April 15th. Finally, Royal Bank of Canada lowered their price objective on shares of Chubb from $295.00 to $285.00 and set an “outperform” rating for the company in a research report on Thursday, April 25th. Eleven research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Chubb currently has a consensus rating of “Moderate Buy” and a consensus price target of $266.70.

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.