Inlet Private Wealth LLC Acquires 12,521 Shares of Chubb Limited $CB

Inlet Private Wealth LLC boosted its holdings in Chubb Limited (NYSE:CB) by 1,751.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,236 shares of the financial services provider’s stock after buying an additional 12,521 shares during the period. Inlet Private Wealth LLC’s holdings in Chubb were worth $3,736,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CB. Harbor Capital Advisors Inc. lifted its stake in shares of Chubb by 93.6% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 91 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 44 shares during the period. Cedar Mountain Advisors LLC increased its holdings in Chubb by 155.6% in the third quarter. Cedar Mountain Advisors LLC now owns 92 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 56 shares during the last quarter. VSM Wealth Advisory LLC bought a new stake in Chubb in the second quarter valued at about $32,000. Heartwood Wealth Advisors LLC acquired a new position in Chubb in the third quarter valued at about $34,000. Finally, Financial Consulate Inc. bought a new position in Chubb during the third quarter worth about $37,000. 83.81% of the stock is owned by institutional investors.

Chubb Trading Up 0.0%

Shares of NYSE:CB opened at $300.93 on Friday. The firm has a market cap of $118.43 billion, a price-to-earnings ratio of 12.56, a PEG ratio of 3.28 and a beta of 0.51. Chubb Limited has a 12 month low of $263.14 and a 12 month high of $316.94. The company’s fifty day simple moving average is $303.93 and its 200 day simple moving average is $286.54. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.20.

Chubb (NYSE:CB) last released its earnings results on Tuesday, October 21st. The financial services provider reported $7.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.51 by $1.98. Chubb had a return on equity of 12.93% and a net margin of 16.53%.The firm had revenue of $16.15 billion during the quarter, compared to analysts’ expectations of $12.95 billion. During the same quarter in the prior year, the company earned $5.72 EPS. The company’s revenue was up 7.5% on a year-over-year basis. As a group, research analysts forecast that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 2nd. Investors of record on Friday, December 12th were issued a dividend of $0.97 per share. The ex-dividend date was Friday, December 12th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.3%. Chubb’s dividend payout ratio (DPR) is presently 16.19%.

Insider Activity at Chubb

In other news, EVP Timothy Alan Boroughs sold 850 shares of the firm’s stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of $295.19, for a total transaction of $250,911.50. Following the completion of the transaction, the executive vice president directly owned 1,585 shares of the company’s stock, valued at $467,876.15. This trade represents a 34.91% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Joseph F. Wayland sold 5,830 shares of Chubb stock in a transaction that occurred on Thursday, November 13th. The shares were sold at an average price of $297.08, for a total transaction of $1,731,976.40. Following the completion of the sale, the executive vice president owned 60,593 shares in the company, valued at $18,000,968.44. This trade represents a 8.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 57,333 shares of company stock valued at $16,629,873. 0.77% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on CB shares. Barclays upped their price target on Chubb from $317.00 to $339.00 and gave the company an “equal weight” rating in a research note on Thursday, January 8th. HSBC upgraded shares of Chubb from a “hold” rating to a “buy” rating and set a $354.00 target price on the stock in a report on Friday, January 16th. UBS Group lifted their price target on shares of Chubb from $292.00 to $298.00 and gave the stock a “neutral” rating in a research report on Monday, October 27th. JMP Securities restated a “market outperform” rating and issued a $325.00 price objective on shares of Chubb in a research report on Wednesday, October 22nd. Finally, Bank of America reduced their target price on Chubb from $279.00 to $259.00 and set an “underperform” rating on the stock in a report on Friday, January 16th. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Chubb presently has an average rating of “Moderate Buy” and an average price target of $323.81.

About Chubb

Chubb is a global property and casualty insurance company that underwrites a broad range of commercial and personal insurance products and related services. Its offerings include commercial property and casualty coverage, specialty liability, professional and management liability, cyber and technology insurance, marine and energy, surety, accident and health solutions, and high-net-worth personal lines such as homeowners, auto and valuables protection. Chubb serves businesses, individuals and institutions with tailored underwriting and risk-transfer solutions across multiple industry sectors.

In addition to core underwriting, Chubb provides risk engineering, loss control, claims management and risk consulting services intended to reduce loss severity and help clients manage exposures.