Greenleaf Trust Raises Holdings in Chubb Limited (NYSE:CB)

Greenleaf Trust grew its position in Chubb Limited (NYSE:CB) by 2.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 20,316 shares of the financial services provider’s stock after buying an additional 558 shares during the quarter. Greenleaf Trust’s holdings in Chubb were worth $4,591,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. Fairfield Bush & CO. purchased a new stake in shares of Chubb during the 1st quarter worth $195,000. Roundview Capital LLC lifted its stake in shares of Chubb by 2.6% during the 1st quarter. Roundview Capital LLC now owns 4,165 shares of the financial services provider’s stock worth $891,000 after purchasing an additional 106 shares during the last quarter. Sequoia Financial Advisors LLC lifted its stake in shares of Chubb by 59.8% during the 1st quarter. Sequoia Financial Advisors LLC now owns 3,029 shares of the financial services provider’s stock worth $648,000 after purchasing an additional 1,134 shares during the last quarter. Brighton Jones LLC lifted its stake in shares of Chubb by 18.7% during the 1st quarter. Brighton Jones LLC now owns 1,287 shares of the financial services provider’s stock worth $276,000 after purchasing an additional 203 shares during the last quarter. Finally, Baird Financial Group Inc. lifted its stake in shares of Chubb by 22.0% during the 1st quarter. Baird Financial Group Inc. now owns 154,794 shares of the financial services provider’s stock worth $33,110,000 after purchasing an additional 27,926 shares during the last quarter. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on CB shares. Citigroup restated a “neutral” rating and set a $275.00 price objective (up from $238.00) on shares of Chubb in a research note on Thursday, March 14th. Raymond James increased their price target on Chubb from $270.00 to $285.00 and gave the company a “strong-buy” rating in a research note on Thursday, February 1st. HSBC reiterated a “hold” rating and issued a $270.00 price target (down from $275.00) on shares of Chubb in a research note on Thursday, April 4th. StockNews.com upgraded Chubb from a “hold” rating to a “buy” rating in a research note on Saturday, March 30th. Finally, JPMorgan Chase & Co. increased their price target on Chubb from $253.00 to $266.00 and gave the company a “neutral” rating in a research note on Monday, April 8th. Nine equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $266.37.

Insider Buying and Selling at Chubb

In other Chubb news, CAO Annmarie T. Hagan sold 7,180 shares of the firm’s stock in a transaction that occurred on 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 sale, the chief accounting officer now directly owns 6,105 shares of the company’s stock, valued at $1,495,969.20. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, EVP Timothy Alan Boroughs sold 33,150 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $255.11, for a total value of $8,456,896.50. Following the transaction, the executive vice president now owns 50,486 shares in the company, valued at $12,879,483.46. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Annmarie T. Hagan sold 7,180 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The shares were 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 in the company, valued at approximately $1,495,969.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 116,043 shares of company stock valued at $29,766,694. Company insiders own 0.86% of the company’s stock.

Chubb Stock Up 2.0 %

Shares of CB stock opened at $250.21 on Friday. The firm has a market capitalization of $101.58 billion, a PE ratio of 11.46, a P/E/G ratio of 1.16 and a beta of 0.62. Chubb Limited has a fifty-two week low of $183.71 and a fifty-two week high of $260.58. The stock’s 50-day simple moving average is $252.51 and its 200-day simple moving average is $234.19. 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 (NYSE:CB) last posted its earnings results on Tuesday, January 30th. The financial services provider reported $8.30 EPS for the quarter, topping the consensus estimate of $5.07 by $3.23. The firm had revenue of $13.38 billion for the quarter, compared to analyst estimates of $12.88 billion. Chubb had a return on equity of 16.45% and a net margin of 18.11%. Equities analysts expect that Chubb Limited will post 21.13 earnings per share for the current year.

Chubb Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Friday, March 15th were issued a dividend of $0.86 per share. This represents a $3.44 annualized dividend and a yield of 1.37%. The ex-dividend date was Thursday, March 14th. Chubb’s dividend payout ratio (DPR) is 15.76%.

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.