NEOS Investment Management LLC Has $5.91 Million Stock Position in Chubb Limited (NYSE:CB)

NEOS Investment Management LLC boosted its stake in shares of Chubb Limited (NYSE:CB) by 30.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 21,401 shares of the financial services provider’s stock after acquiring an additional 4,973 shares during the quarter. NEOS Investment Management LLC’s holdings in Chubb were worth $5,913,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Continuum Advisory LLC boosted its position in shares of Chubb by 56.5% in the 3rd quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 35 shares during the last quarter. Gordian Capital Singapore Pte Ltd bought a new position in Chubb during the third quarter worth about $29,000. Raelipskie Partnership acquired a new position in shares of Chubb during the 3rd quarter worth about $29,000. Sierra Ocean LLC bought a new stake in shares of Chubb in the 4th quarter valued at about $29,000. Finally, Crowley Wealth Management Inc. acquired a new stake in shares of Chubb in the 4th quarter valued at approximately $29,000. 83.81% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have commented on CB. HSBC raised shares of Chubb from a “hold” rating to a “buy” rating and set a $323.00 target price for the company in a research note on Wednesday, March 5th. Barclays decreased their target price on Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a research note on Monday, January 6th. Wells Fargo & Company dropped their price target on Chubb from $268.00 to $264.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 14th. Hsbc Global Res upgraded Chubb from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 5th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $320.00 target price on shares of Chubb in a report on Thursday, January 30th. 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 given a strong buy rating to the company’s stock. According to data from MarketBeat, Chubb has an average rating of “Hold” and an average target price of $301.00.

Chubb Stock Up 1.1 %

NYSE:CB opened at $298.71 on Friday. Chubb Limited has a twelve month low of $238.85 and a twelve month high of $302.05. The firm has a market capitalization of $119.61 billion, a price-to-earnings ratio of 13.15, a price-to-earnings-growth ratio of 3.36 and a beta of 0.66. The company has a quick ratio of 0.28, a current ratio of 0.25 and a debt-to-equity ratio of 0.21. The stock’s 50 day moving average price is $278.72 and its two-hundred day moving average price is $281.47.

Chubb (NYSE:CB) last announced its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $6.02 EPS for the quarter, beating 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%. Equities research analysts expect that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 14th will be given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date is Friday, March 14th. Chubb’s dividend payout ratio (DPR) is presently 16.02%.

Insider Buying and Selling at Chubb

In other news, CEO Evan G. Greenberg sold 25,728 shares of the firm’s stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $291.45, for a total transaction of $7,498,425.60. Following the completion of the sale, the chief executive officer now owns 584,395 shares in the company, valued at approximately $170,321,922.75. This trade represents a 4.22 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Joseph F. Wayland sold 10,000 shares of the company’s stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $286.96, for a total transaction 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. This trade represents a 11.40 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 63,470 shares of company stock worth $18,562,730 over the last 90 days. Company insiders own 0.86% of the company’s stock.

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.