Everence Capital Management Inc. Has $2.38 Million Stock Holdings in Chubb Limited (NYSE:CB)

Everence Capital Management Inc. lifted its holdings in Chubb Limited (NYSE:CB) by 19.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,550 shares of the financial services provider’s stock after buying an additional 1,690 shares during the period. Everence Capital Management Inc.’s holdings in Chubb were worth $2,384,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Deutsche Bank AG boosted its position in Chubb by 426.8% during the third quarter. Deutsche Bank AG now owns 16,119,520 shares of the financial services provider’s stock valued at $3,355,762,000 after purchasing an additional 13,059,385 shares during the last quarter. Moneta Group Investment Advisors LLC raised its holdings in Chubb by 102,751.3% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 8,289,814 shares of the financial services provider’s stock valued at $1,828,733,000 after buying an additional 8,281,754 shares in the last quarter. Norges Bank bought a new position in Chubb during the fourth quarter valued at about $619,661,000. 1832 Asset Management L.P. raised its holdings in Chubb by 1,476.9% during the fourth quarter. 1832 Asset Management L.P. now owns 999,392 shares of the financial services provider’s stock valued at $220,466,000 after buying an additional 936,015 shares in the last quarter. Finally, Lazard Asset Management LLC raised its holdings in Chubb by 978.1% during the third quarter. Lazard Asset Management LLC now owns 546,556 shares of the financial services provider’s stock valued at $113,781,000 after buying an additional 495,860 shares in the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Analyst Ratings Changes

CB has been the topic of a number of recent analyst reports. HSBC reiterated a “hold” rating and issued a $270.00 price objective (down from $275.00) on shares of Chubb in a research note on Thursday, April 4th. Royal Bank of Canada lifted their price objective on Chubb from $255.00 to $275.00 and gave the stock an “outperform” rating in a research note on Thursday, February 1st. JMP Securities reiterated a “market outperform” rating and issued a $280.00 price objective on shares of Chubb in a research note on Monday. Morgan Stanley lifted their price objective on Chubb from $258.00 to $260.00 and gave the stock an “equal weight” rating in a research note on Monday. Finally, The Goldman Sachs Group lifted their price objective on Chubb from $228.00 to $254.00 and gave the stock a “neutral” rating in a research note on Friday, April 12th. Nine investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $266.37.

Chubb Stock Up 0.3 %

NYSE CB opened at $245.25 on Wednesday. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.20. The stock’s 50 day moving average is $252.50 and its two-hundred day moving average is $233.73. The company has a market capitalization of $99.57 billion, a price-to-earnings ratio of 11.23, a PEG ratio of 1.16 and a beta of 0.62. Chubb Limited has a 1-year low of $183.71 and a 1-year high of $260.58.

Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, January 30th. The financial services provider reported $8.30 earnings per share for the quarter, beating analysts’ consensus estimates of $5.07 by $3.23. The company had revenue of $13.38 billion for the quarter, compared to the consensus estimate of $12.88 billion. Chubb had a return on equity of 16.45% and a net margin of 18.11%. Equities analysts forecast that Chubb Limited will post 21.15 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Friday, March 15th were given a dividend of $0.86 per share. The ex-dividend date was Thursday, March 14th. This represents a $3.44 dividend on an annualized basis and a yield of 1.40%. Chubb’s dividend payout ratio (DPR) is presently 15.76%.

Insider Buying and Selling

In related news, EVP Timothy Alan Boroughs sold 33,150 shares of the stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $255.11, for a total transaction of $8,456,896.50. Following the sale, the executive vice president now directly owns 50,486 shares in the company, valued at approximately $12,879,483.46. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, EVP Timothy Alan Boroughs sold 33,150 shares of the stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $255.11, for a total transaction of $8,456,896.50. Following the sale, the executive vice president now directly owns 50,486 shares in the company, valued at approximately $12,879,483.46. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider John J. Lupica sold 34,464 shares of the stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $258.92, for a total value of $8,923,418.88. Following the completion of the transaction, the insider now owns 130,937 shares in the company, valued at $33,902,208.04. The disclosure for this sale can be found here. Insiders have sold a total of 116,043 shares of company stock worth $29,766,694 in the last three months. Insiders own 0.86% of the company’s stock.

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.