Edgestream Partners L.P. Invests $984,000 in Chubb Limited (NYSE:CB)

Edgestream Partners L.P. acquired a new position in Chubb Limited (NYSE:CB) in the 1st quarter, HoldingsChannel.com reports. The firm acquired 3,797 shares of the financial services provider’s stock, valued at approximately $984,000.

Several other institutional investors have also recently modified their holdings of the company. Capital World Investors grew its holdings in Chubb by 0.4% during the fourth quarter. Capital World Investors now owns 10,311,415 shares of the financial services provider’s stock worth $2,330,272,000 after acquiring an additional 43,845 shares during the period. Norges Bank acquired a new stake in Chubb in the fourth quarter valued at approximately $957,756,000. Ontario Teachers Pension Plan Board grew its holdings in Chubb by 0.9% in the fourth quarter. Ontario Teachers Pension Plan Board now owns 2,698,582 shares of the financial services provider’s stock valued at $609,880,000 after purchasing an additional 24,323 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Chubb by 2.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,266,484 shares of the financial services provider’s stock valued at $512,225,000 after purchasing an additional 45,318 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in Chubb by 2.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,134,614 shares of the financial services provider’s stock valued at $482,404,000 after purchasing an additional 52,961 shares during the period. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Chubb

In other news, EVP Juan Luis Ortega sold 2,400 shares of the company’s stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $260.98, for a total transaction of $626,352.00. Following the completion of the transaction, the executive vice president now directly owns 44,632 shares of the company’s stock, valued at approximately $11,648,059.36. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, CAO Annmarie T. Hagan sold 1,529 shares of the company’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $263.81, for a total transaction of $403,365.49. Following the completion of the transaction, the chief accounting officer now directly owns 7,718 shares of the company’s stock, valued at approximately $2,036,085.58. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Juan Luis Ortega sold 2,400 shares of the business’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $260.98, for a total value of $626,352.00. Following the completion of the sale, the executive vice president now directly owns 44,632 shares of the company’s stock, valued at $11,648,059.36. The disclosure for this sale can be found here. In the last ninety days, insiders sold 47,552 shares of company stock valued at $12,149,985. 0.86% of the stock is currently owned by corporate insiders.

Chubb Stock Up 0.1 %

CB traded up $0.37 on Tuesday, hitting $262.38. 189,783 shares of the company were exchanged, compared to its average volume of 1,642,813. Chubb Limited has a twelve month low of $195.36 and a twelve month high of $275.41. The company has a market cap of $106.54 billion, a price-to-earnings ratio of 11.62, a price-to-earnings-growth ratio of 6.09 and a beta of 0.66. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.21. The firm has a 50-day moving average price of $261.84 and a two-hundred day moving average price of $252.75.

Chubb (NYSE:CB) last released its earnings results on Tuesday, April 23rd. The financial services provider reported $5.41 EPS for the quarter, topping the consensus estimate of $5.29 by $0.12. Chubb had a return on equity of 16.29% and a net margin of 17.99%. The firm had revenue of $12.22 billion during the quarter, compared to analysts’ expectations of $11.75 billion. During the same period in the previous year, the firm posted $4.41 EPS. Chubb’s revenue for the quarter was up 14.1% on a year-over-year basis. On average, equities analysts predict that Chubb Limited will post 20.93 earnings per share for the current year.

Chubb Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 5th. Investors of record on Friday, June 14th were paid a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 1.39%. This is a boost from Chubb’s previous quarterly dividend of $0.86. The ex-dividend date was Friday, June 14th. Chubb’s payout ratio is presently 16.16%.

Analyst Upgrades and Downgrades

CB has been the topic of several research analyst reports. Roth Mkm reissued a “buy” rating and issued a $280.00 price objective on shares of Chubb in a report on Wednesday, April 24th. The Goldman Sachs Group raised their target price on Chubb from $228.00 to $254.00 and gave the company a “neutral” rating in a research report on Friday, April 12th. Evercore ISI lifted their price objective on Chubb from $270.00 to $281.00 and gave the stock an “outperform” rating in a research report on Thursday, April 11th. StockNews.com downgraded Chubb from a “buy” rating to a “hold” rating in a research report on Wednesday, April 24th. Finally, JPMorgan Chase & Co. lifted their price objective on Chubb from $266.00 to $286.00 and gave the stock a “neutral” rating in a research report on Thursday, July 11th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $267.65.

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.