Chubb Limited (NYSE:CB) Shares Acquired by HBK Sorce Advisory LLC

HBK Sorce Advisory LLC grew its stake in Chubb Limited (NYSE:CB) by 5.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,328 shares of the financial services provider’s stock after purchasing an additional 72 shares during the period. HBK Sorce Advisory LLC’s holdings in Chubb were worth $367,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Bowen Hanes & Co. Inc. grew its holdings in Chubb by 5.1% during the fourth quarter. Bowen Hanes & Co. Inc. now owns 8,027 shares of the financial services provider’s stock worth $2,218,000 after acquiring an additional 390 shares during the period. Achmea Investment Management B.V. boosted its position in Chubb by 10.5% during the fourth quarter. Achmea Investment Management B.V. now owns 23,127 shares of the financial services provider’s stock worth $6,390,000 after purchasing an additional 2,207 shares in the last quarter. Avantax Advisory Services Inc. boosted its position in Chubb by 9.9% during the fourth quarter. Avantax Advisory Services Inc. now owns 63,472 shares of the financial services provider’s stock worth $17,537,000 after purchasing an additional 5,709 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in Chubb by 16.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,248 shares of the financial services provider’s stock worth $621,000 after purchasing an additional 312 shares in the last quarter. Finally, Sequoia Financial Advisors LLC boosted its position in Chubb by 12.1% during the fourth quarter. Sequoia Financial Advisors LLC now owns 23,937 shares of the financial services provider’s stock worth $6,614,000 after purchasing an additional 2,590 shares in the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on CB. HSBC upgraded Chubb from a “hold” rating to a “buy” rating and set a $323.00 target price on the stock in a research report on Wednesday, March 5th. Royal Bank of Canada restated an “outperform” rating and issued a $320.00 price objective on shares of Chubb in a research report on Thursday, January 30th. Barclays reduced their price objective on Chubb from $349.00 to $324.00 and set an “overweight” rating on the stock in a research report on Monday, January 6th. JPMorgan Chase & Co. upped their price objective on Chubb from $296.00 to $300.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Finally, Hsbc Global Res upgraded Chubb from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 5th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $301.00.

Insider Activity

In related news, EVP Joseph F. Wayland sold 10,000 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $22,297,652.88. This represents a 11.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Evan G. Greenberg sold 25,728 shares of the stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $291.45, for a total value of $7,498,425.60. Following the completion of the transaction, the chief executive officer now directly owns 584,395 shares of the company’s stock, valued at $170,321,922.75. This represents a 4.22 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.86% of the company’s stock.

Chubb Stock Performance

Shares of NYSE:CB opened at $294.46 on Friday. The firm has a market capitalization of $117.91 billion, a PE ratio of 12.96, a P/E/G ratio of 3.36 and a beta of 0.66. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.25 and a quick ratio of 0.28. The business has a 50-day moving average of $273.60 and a two-hundred day moving average of $280.82. Chubb Limited has a 12 month low of $238.85 and a 12 month high of $302.05.

Chubb (NYSE:CB) last announced its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $6.02 EPS for the quarter, topping the consensus estimate of $5.33 by $0.69. Chubb had a return on equity of 13.75% and a net margin of 16.63%. As a group, research analysts forecast that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Announces Dividend

The business 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. The ex-dividend date of this dividend is Friday, March 14th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.24%. 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.