Gardner Lewis Asset Management L P Purchases Shares of 1,400 Chubb Limited (NYSE:CB)

Gardner Lewis Asset Management L P acquired a new stake in Chubb Limited (NYSE:CB - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 1,400 shares of the financial services provider's stock, valued at approximately $387,000.

A number of other large investors also recently bought and sold shares of CB. Continuum Advisory LLC lifted its holdings in shares of Chubb by 56.5% in the 3rd quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider's stock valued at $28,000 after buying an additional 35 shares during the period. Gordian Capital Singapore Pte Ltd acquired a new stake in Chubb in the third quarter valued at $29,000. Raelipskie Partnership purchased a new stake in shares of Chubb during the 3rd quarter worth $29,000. Sierra Ocean LLC acquired a new position in shares of Chubb during the 4th quarter worth $29,000. Finally, Crowley Wealth Management Inc. purchased a new position in shares of Chubb in the 4th quarter valued at about $29,000. Hedge funds and other institutional investors own 83.81% of the company's stock.

Insider Activity at Chubb

In other news, EVP Timothy Alan Boroughs sold 14,748 shares of the firm's stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $296.12, for a total transaction of $4,367,177.76. Following the transaction, the executive vice president now directly owns 29,194 shares of the company's stock, valued at approximately $8,644,927.28. This trade represents a 33.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Joseph F. Wayland sold 10,000 shares of Chubb stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $286.96, for a total transaction of $2,869,600.00. Following the sale, the executive vice president now owns 77,703 shares in the company, valued at approximately $22,297,652.88. This represents a 11.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 63,470 shares of company stock worth $18,562,730 in the last 90 days. 0.86% of the stock is currently owned by company insiders.

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Wall Street Analyst Weigh In

CB has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods boosted their price objective on shares of Chubb from $328.00 to $329.00 and gave the stock an "outperform" rating in a report on Friday, January 31st. Wells Fargo & Company decreased their price target on Chubb from $268.00 to $264.00 and set an "equal weight" rating on the stock in a research note on Tuesday, January 14th. Barclays reduced their price objective on Chubb from $349.00 to $324.00 and set an "overweight" rating for the company in a report on Monday, January 6th. Hsbc Global Res raised Chubb from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 5th. Finally, JPMorgan Chase & Co. lifted their price target on Chubb from $296.00 to $300.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 29th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Chubb has a consensus rating of "Hold" and an average price target of $303.14.

Chubb Stock Up 0.2 %

Shares of NYSE CB traded up $0.64 during midday trading on Tuesday, reaching $302.63. 515,450 shares of the company's stock were exchanged, compared to its average volume of 1,595,379. The stock has a market capitalization of $121.18 billion, a PE ratio of 13.33, a price-to-earnings-growth ratio of 3.36 and a beta of 0.66. Chubb Limited has a 52-week low of $238.85 and a 52-week high of $307.47. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.25. The business's fifty day moving average price is $279.92 and its two-hundred day moving average price is $281.51.

Chubb (NYSE:CB - Get Free Report) last announced its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share for the quarter, beating analysts' consensus estimates of $5.33 by $0.69. Chubb had a net margin of 16.63% and a return on equity of 13.75%. Analysts forecast that Chubb Limited will post 21.52 EPS for the current year.

Chubb Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 14th will be issued a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 1.20%. The ex-dividend date of this dividend is Friday, March 14th. Chubb's dividend payout ratio (DPR) is 16.02%.

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.