Great Lakes Retirement Inc. Makes New Investment in Chubb Limited (NYSE:CB)

Great Lakes Retirement Inc. bought a new stake in shares of Chubb Limited (NYSE:CB) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 2,734 shares of the financial services provider’s stock, valued at approximately $618,000.

Several other institutional investors have also bought and sold shares of CB. ICA Group Wealth Management LLC purchased a new position in shares of Chubb in the 4th quarter worth about $25,000. IMA Wealth Inc. increased its stake in shares of Chubb by 275.7% during the 2nd quarter. IMA Wealth Inc. now owns 139 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 102 shares during the last quarter. BOK Financial Private Wealth Inc. purchased a new stake in shares of Chubb during the 3rd quarter worth approximately $28,000. ZRC Wealth Management LLC purchased a new position in Chubb in the fourth quarter valued at approximately $29,000. Finally, Bell Investment Advisors Inc grew its holdings in Chubb by 39.6% during the third quarter. Bell Investment Advisors Inc now owns 208 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 59 shares during the period. Institutional investors own 83.81% of the company’s stock.

Chubb Stock Up 0.5 %

Shares of NYSE CB traded up $1.20 during mid-day trading on Thursday, hitting $259.70. 1,101,841 shares of the stock traded hands, compared to its average volume of 1,782,133. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.29 and a current ratio of 0.29. The company has a market cap of $105.38 billion, a price-to-earnings ratio of 11.88, a PEG ratio of 1.21 and a beta of 0.62. The stock has a fifty day moving average price of $249.88 and a 200-day moving average price of $229.66. Chubb Limited has a 52 week low of $183.71 and a 52 week high of $260.58.

Chubb (NYSE:CB) last released its earnings results on Tuesday, January 30th. The financial services provider reported $8.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.07 by $3.23. The firm had revenue of $13.38 billion during the quarter, compared to analyst estimates of $12.88 billion. Chubb had a net margin of 18.11% and a return on equity of 16.45%. Research analysts anticipate that Chubb Limited will post 21.16 EPS for the current year.

Chubb Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 5th. Shareholders of record on Friday, March 15th will be issued a $0.86 dividend. The ex-dividend date is Thursday, March 14th. This represents a $3.44 annualized dividend and a yield of 1.32%. Chubb’s dividend payout ratio (DPR) is presently 15.76%.

Wall Street Analyst Weigh In

Several analysts have issued reports on CB shares. Citigroup restated a “neutral” rating and issued a $275.00 target price (up from $238.00) on shares of Chubb in a research note on Thursday, March 14th. Roth Mkm boosted their target price on shares of Chubb from $260.00 to $280.00 and gave the company a “buy” rating in a report on Wednesday, January 31st. BMO Capital Markets raised their target price on Chubb from $220.00 to $240.00 and gave the stock a “market perform” rating in a research note on Monday, February 5th. Raymond James raised their price objective on shares of Chubb from $270.00 to $285.00 and gave the company a “strong-buy” rating in a research report on Thursday, February 1st. Finally, JMP Securities boosted their price target on shares of Chubb from $250.00 to $280.00 and gave the company a “market outperform” rating in a research report on Wednesday, January 31st. Ten research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Chubb currently has an average rating of “Moderate Buy” and an average target price of $255.06.

Insider Buying and Selling

In other Chubb news, CAO Annmarie T. Hagan sold 7,180 shares of the business’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $245.04, for a total value of $1,759,387.20. Following the completion of the transaction, the chief accounting officer now owns 6,105 shares of the company’s stock, valued at approximately $1,495,969.20. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Chubb news, insider John J. Lupica sold 34,464 shares of the company’s stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $258.92, for a total value of $8,923,418.88. Following the completion of the sale, the insider now owns 130,937 shares in the company, valued at $33,902,208.04. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Annmarie T. Hagan sold 7,180 shares of the stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $245.04, for a total transaction of $1,759,387.20. Following the completion of the sale, the chief accounting officer now directly owns 6,105 shares of the company’s stock, valued at $1,495,969.20. The disclosure for this sale can be found here. Insiders sold a total of 116,043 shares of company stock worth $29,766,694 in the last three months. Insiders own 0.37% of the company’s stock.

Chubb 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.