Meeder Asset Management Inc. Acquires 7,233 Shares of Chubb Limited $CB

Meeder Asset Management Inc. boosted its stake in shares of Chubb Limited (NYSE:CB) by 5,928.7% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 7,355 shares of the financial services provider’s stock after buying an additional 7,233 shares during the period. Meeder Asset Management Inc.’s holdings in Chubb were worth $2,397,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. CBIZ Investment Advisory Services LLC increased its position in shares of Chubb by 148.5% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 82 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 49 shares in the last quarter. Frazier Financial Advisors LLC lifted its position in Chubb by 86.4% in the 1st quarter. Frazier Financial Advisors LLC now owns 82 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 38 shares in the last quarter. Merkkuri Wealth Advisors LLC bought a new stake in Chubb in the 1st quarter valued at $29,000. Laurel Wealth Advisors LLC acquired a new position in Chubb in the 4th quarter worth $31,000. Finally, Ares Financial Consulting LLC acquired a new position in Chubb in the 4th quarter worth $32,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Keefe, Bruyette & Woods lifted their price target on Chubb from $374.00 to $389.00 and gave the company an “outperform” rating in a research note on Wednesday, July 8th. Barclays set a $387.00 price objective on Chubb in a research report on Tuesday, July 7th. Atlantic Securities set a $301.00 price objective on Chubb in a report on Wednesday. Mizuho lifted their target price on Chubb from $335.00 to $352.00 and gave the company a “neutral” rating in a research report on Thursday, July 9th. Finally, Morgan Stanley boosted their target price on Chubb from $330.00 to $340.00 and gave the company an “equal weight” rating in a research note on Monday, July 6th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Chubb presently has a consensus rating of “Hold” and a consensus target price of $357.73.

Chubb Trading Down 0.0%

Shares of NYSE:CB opened at $352.07 on Monday. The company’s 50-day moving average price is $332.32 and its two-hundred day moving average price is $325.76. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.28 and a quick ratio of 0.28. Chubb Limited has a one year low of $264.10 and a one year high of $365.29. The stock has a market capitalization of $136.55 billion, a PE ratio of 12.43, a price-to-earnings-growth ratio of 1.82 and a beta of 0.40.

Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, March 31st. The financial services provider reported $6.82 earnings per share for the quarter. The company had revenue of $14.93 billion during the quarter. Chubb had a return on equity of 14.30% and a net margin of 18.58%. On average, equities analysts forecast that Chubb Limited will post 26.75 EPS for the current fiscal year.

Chubb Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 2nd. Investors of record on Friday, June 12th were given a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 1.2%. This is a boost from Chubb’s previous quarterly dividend of $0.97. The ex-dividend date of this dividend was Friday, June 12th. Chubb’s payout ratio is currently 14.41%.

Insiders Place Their Bets

In other Chubb news, COO John W. Keogh sold 23,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $321.51, for a total value of $7,394,730.00. Following the completion of the transaction, the chief operating officer directly owned 203,322 shares in the company, valued at $65,370,056.22. This trade represents a 10.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.37% of the stock is currently owned by corporate insiders.

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.