8,275 Shares in Chubb Limited (NYSE:CB) Purchased by Peterson Wealth Services

Peterson Wealth Services purchased a new stake in Chubb Limited (NYSE:CB) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 8,275 shares of the financial services provider’s stock, valued at approximately $1,870,000.

Other large investors have also modified their holdings of the company. Deutsche Bank AG boosted its holdings in Chubb by 426.8% in 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 acquiring an additional 13,059,385 shares during the last quarter. Moneta Group Investment Advisors LLC lifted its stake in shares of Chubb by 102,751.3% in the 4th 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 purchasing an additional 8,281,754 shares in the last quarter. Norges Bank purchased a new stake in shares of Chubb during the 4th quarter worth about $619,661,000. 1832 Asset Management L.P. increased its position in Chubb by 1,476.9% during the 4th quarter. 1832 Asset Management L.P. now owns 999,392 shares of the financial services provider’s stock worth $220,466,000 after purchasing an additional 936,015 shares in the last quarter. Finally, Lazard Asset Management LLC raised its holdings in Chubb by 978.1% in 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 during the period. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Chubb

In other news, EVP Timothy Alan Boroughs sold 14,303 shares of the stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $258.78, for a total value of $3,701,330.34. Following the completion of the transaction, the executive vice president now owns 35,662 shares of the company’s stock, valued at $9,228,612.36. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Chubb news, EVP Timothy Alan Boroughs sold 14,303 shares of the business’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $258.78, for a total transaction of $3,701,330.34. Following the sale, the executive vice president now directly owns 35,662 shares in the company, valued at approximately $9,228,612.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 shares were sold at an average price of $245.04, for a total transaction 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 $1,495,969.20. 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. 0.86% of the stock is owned by company insiders.

Chubb Stock Up 0.7 %

Shares of Chubb stock traded up $1.78 during trading on Thursday, reaching $245.31. The company had a trading volume of 239,394 shares, compared to its average volume of 1,699,232. The company has a market cap of $99.59 billion, a price-to-earnings ratio of 11.15, a price-to-earnings-growth ratio of 1.16 and a beta of 0.62. The firm’s fifty day moving average is $252.43 and its 200-day moving average is $233.80. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.29 and a current ratio of 0.29. Chubb Limited has a fifty-two week low of $183.71 and a fifty-two week high of $260.58.

Chubb (NYSE:CB) last issued its quarterly earnings data on Tuesday, January 30th. The financial services provider reported $8.30 EPS for the quarter, topping analysts’ consensus estimates of $5.07 by $3.23. The firm had revenue of $13.38 billion during 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%. On average, analysts anticipate that Chubb Limited will post 21.13 EPS for the current year.

Chubb Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CB. UBS Group raised their target price on shares of Chubb from $245.00 to $256.00 and gave the company a “neutral” rating in a research note on Monday, February 5th. The Goldman Sachs Group raised their price objective on Chubb from $228.00 to $254.00 and gave the company a “neutral” rating in a research report on Friday, April 12th. Keefe, Bruyette & Woods upped their target price on Chubb from $275.00 to $297.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 10th. Evercore ISI increased their target price on Chubb from $270.00 to $281.00 and gave the company an “outperform” rating in a research note on Thursday, April 11th. Finally, TD Cowen assumed coverage on Chubb in a report on Wednesday, January 10th. They set a “market perform” rating and a $254.00 target price on the stock. Nine equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $266.37.

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.