Plancorp LLC Acquires 212 Shares of Chubb Limited (NYSE:CB)

Plancorp LLC boosted its holdings in Chubb Limited (NYSE:CB) by 8.9% in the fourth quarter, Holdings Channel reports. The institutional investor owned 2,602 shares of the financial services provider’s stock after buying an additional 212 shares during the period. Plancorp LLC’s holdings in Chubb were worth $719,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the business. Mizuho Securities USA LLC raised its holdings in Chubb by 45.9% in the 4th quarter. Mizuho Securities USA LLC now owns 35,530 shares of the financial services provider’s stock valued at $9,817,000 after buying an additional 11,171 shares during the last quarter. Cyrus J. Lawrence LLC raised its holdings in Chubb by 2.3% in the 4th quarter. Cyrus J. Lawrence LLC now owns 2,053 shares of the financial services provider’s stock valued at $567,000 after buying an additional 47 shares during the last quarter. Millstone Evans Group LLC bought a new position in Chubb in the 4th quarter valued at approximately $99,000. Wayfinding Financial LLC bought a new position in Chubb in the 4th quarter valued at approximately $272,000. Finally, Lee Danner & Bass Inc. bought a new position in Chubb in the 4th quarter valued at approximately $69,000. Institutional investors own 83.81% of the company’s stock.

Chubb Stock Performance

Shares of CB stock opened at $291.08 on Friday. The firm has a 50 day moving average of $276.57 and a 200-day moving average of $281.30. Chubb Limited has a 52 week low of $238.85 and a 52 week high of $302.05. 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 company has a market cap of $116.55 billion, a price-to-earnings ratio of 12.81, a price-to-earnings-growth ratio of 3.36 and a beta of 0.66.

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

Chubb Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 14th will be given a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 1.25%. The ex-dividend date is Friday, March 14th. Chubb’s payout ratio is currently 16.02%.

Insider Activity at Chubb

In other Chubb news, EVP Joseph F. Wayland sold 10,000 shares of the firm’s stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $286.96, for a total transaction of $2,869,600.00. Following the transaction, the executive vice president now directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Timothy Alan Boroughs sold 14,748 shares of the firm’s stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $296.12, for a total value of $4,367,177.76. Following the transaction, the executive vice president now owns 29,194 shares in the company, valued at approximately $8,644,927.28. This trade represents a 33.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 63,470 shares of company stock valued at $18,562,730. 0.86% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

CB has been the subject of a number of research reports. Barclays dropped 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. JPMorgan Chase & Co. increased their target price on shares of Chubb from $296.00 to $300.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. JMP Securities reissued a “market outperform” rating and set a $325.00 target price on shares of Chubb in a research report on Wednesday, January 29th. 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 report on Wednesday, March 5th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $320.00 target price on shares of Chubb in a research report on Thursday, January 30th. Two 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, Chubb has an average rating of “Hold” and a consensus price target of $301.00.

About Chubb

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.