Telemus Capital LLC Boosts Stock Position in Chubb Limited (NYSE:CB)

Telemus Capital LLC lifted its position in Chubb Limited (NYSE:CB) by 8.4% during the 4th quarter, HoldingsChannel reports. The firm owned 38,613 shares of the financial services provider’s stock after buying an additional 2,990 shares during the period. Telemus Capital LLC’s holdings in Chubb were worth $8,727,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. MCF Advisors LLC increased its stake in Chubb by 4.2% in the fourth quarter. MCF Advisors LLC now owns 1,046 shares of the financial services provider’s stock valued at $237,000 after acquiring an additional 42 shares during the last quarter. AdvisorNet Financial Inc increased its stake in Chubb by 5.2% in the fourth quarter. AdvisorNet Financial Inc now owns 886 shares of the financial services provider’s stock valued at $200,000 after acquiring an additional 44 shares during the last quarter. Valley National Advisers Inc. increased its stake in Chubb by 0.9% in the fourth quarter. Valley National Advisers Inc. now owns 5,113 shares of the financial services provider’s stock valued at $1,155,000 after acquiring an additional 44 shares during the last quarter. Sfmg LLC increased its stake in Chubb by 3.0% in the fourth quarter. Sfmg LLC now owns 1,533 shares of the financial services provider’s stock valued at $346,000 after acquiring an additional 45 shares during the last quarter. Finally, Regent Peak Wealth Advisors LLC grew its stake in shares of Chubb by 3.9% during the third quarter. Regent Peak Wealth Advisors LLC now owns 1,244 shares of the financial services provider’s stock valued at $259,000 after buying an additional 47 shares during the last quarter. Institutional investors own 83.81% of the company’s stock.

Insider Transactions at Chubb

In other news, insider John J. Lupica sold 34,464 shares of the company’s stock in a transaction on 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 directly owns 130,937 shares in the company, valued at approximately $33,902,208.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CAO Annmarie T. Hagan sold 7,180 shares of the company’s stock in a transaction 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 of the company’s stock, valued at approximately $1,495,969.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider John J. Lupica sold 34,464 shares of the company’s stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $258.92, for a total transaction of $8,923,418.88. Following the completion of the transaction, the insider now directly owns 130,937 shares of the company’s stock, valued at approximately $33,902,208.04. The disclosure for this sale can be found here. Insiders sold 116,043 shares of company stock worth $29,766,694 in the last three months. Corporate insiders own 0.86% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on CB shares. StockNews.com raised Chubb from a “hold” rating to a “buy” rating in a research note on Saturday, March 30th. TD Cowen started coverage on Chubb in a research note on Wednesday, January 10th. They set a “market perform” rating and a $254.00 price objective on the stock. Keefe, Bruyette & Woods raised their price objective on Chubb from $275.00 to $297.00 and gave the company an “outperform” rating in a research note on Wednesday, April 10th. JMP Securities reaffirmed a “market outperform” rating and set a $280.00 price objective on shares of Chubb in a research note on Monday, April 15th. Finally, JPMorgan Chase & Co. raised their price objective on Chubb from $253.00 to $266.00 and gave the company a “neutral” rating in a research note on Monday, April 8th. Nine analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $266.37.

Chubb Price Performance

Shares of CB opened at $251.50 on Tuesday. The company has a market capitalization of $102.11 billion, a P/E ratio of 11.52, a price-to-earnings-growth ratio of 1.17 and a beta of 0.62. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.20. The firm has a 50 day moving average of $252.58 and a 200 day moving average of $234.87. Chubb Limited has a twelve month low of $183.71 and a twelve month high of $260.58.

Chubb (NYSE:CB) last posted its earnings results 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. Chubb had a net margin of 18.11% and a return on equity of 16.45%. The business had revenue of $13.38 billion during the quarter, compared to the consensus estimate of $12.88 billion. As a group, equities research analysts anticipate that Chubb Limited will post 21.32 earnings per share for the current fiscal year.

Chubb Dividend Announcement

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

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.