Dearborn Partners LLC Has $544,000 Holdings in Chubb Limited (NYSE:CB)

Dearborn Partners LLC grew its position in shares of Chubb Limited (NYSE:CB) by 9.4% in the 4th quarter, Holdings Channel reports. The institutional investor owned 1,968 shares of the financial services provider’s stock after acquiring an additional 169 shares during the period. Dearborn Partners LLC’s holdings in Chubb were worth $544,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Davis R M Inc. lifted its stake in shares of Chubb by 0.4% in the 4th quarter. Davis R M Inc. now owns 245,403 shares of the financial services provider’s stock valued at $67,805,000 after purchasing an additional 1,087 shares during the last quarter. Vista Investment Partners II LLC bought a new position in Chubb during the fourth quarter valued at about $2,442,000. Tortoise Investment Management LLC lifted its position in shares of Chubb by 18.3% in the fourth quarter. Tortoise Investment Management LLC now owns 317 shares of the financial services provider’s stock worth $88,000 after buying an additional 49 shares during the last quarter. Johnson Investment Counsel Inc. boosted its stake in shares of Chubb by 0.7% during the 4th quarter. Johnson Investment Counsel Inc. now owns 14,010 shares of the financial services provider’s stock worth $3,871,000 after acquiring an additional 103 shares in the last quarter. Finally, Daiwa Securities Group Inc. increased its holdings in shares of Chubb by 6.6% during the 4th quarter. Daiwa Securities Group Inc. now owns 51,762 shares of the financial services provider’s stock valued at $14,302,000 after acquiring an additional 3,204 shares during the last quarter. Institutional investors own 83.81% of the company’s stock.

Insider Transactions at Chubb

In other Chubb 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 transaction, the executive vice president now owns 77,703 shares in the company, valued at approximately $22,297,652.88. The trade was a 11.40 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.86% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms recently weighed in on CB. JMP Securities restated a “market outperform” rating and issued a $325.00 target price on shares of Chubb in a report on Wednesday, January 29th. Barclays decreased their price objective on shares of Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a report on Monday, January 6th. Keefe, Bruyette & Woods lifted their target price on shares of Chubb from $328.00 to $329.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. JPMorgan Chase & Co. boosted their target price on shares of Chubb from $296.00 to $300.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Finally, Hsbc Global Res raised Chubb from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 5th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Chubb has an average rating of “Hold” and a consensus target price of $299.27.

Chubb Stock Performance

Chubb stock opened at $291.15 on Wednesday. The firm has a market capitalization of $116.58 billion, a P/E ratio of 12.81, a P/E/G ratio of 3.36 and a beta of 0.66. The stock has a fifty day moving average price of $272.66 and a two-hundred day moving average price of $280.61. Chubb Limited has a 52-week low of $238.85 and a 52-week high of $302.05. 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 earnings results on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share (EPS) for the quarter, topping 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%. As a group, analysts anticipate that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 14th will be paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date is Friday, March 14th. Chubb’s dividend payout ratio (DPR) is currently 16.02%.

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.