Allred Capital Management LLC Makes New $863,000 Investment in Chubb Limited (NYSE:CB)

Allred Capital Management LLC purchased a new stake in Chubb Limited (NYSE:CB - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 3,124 shares of the financial services provider's stock, valued at approximately $863,000.

Several other large investors also recently made changes to their positions in the stock. First Financial Bank Trust Division grew its holdings in shares of Chubb by 3.7% in the 4th quarter. First Financial Bank Trust Division now owns 1,026 shares of the financial services provider's stock valued at $283,000 after acquiring an additional 37 shares in the last quarter. Rede Wealth LLC increased its position in shares of Chubb by 2.0% during the 4th quarter. Rede Wealth LLC now owns 1,900 shares of the financial services provider's stock worth $525,000 after purchasing an additional 37 shares during the last quarter. Sfmg LLC raised its stake in shares of Chubb by 2.4% during the 3rd quarter. Sfmg LLC now owns 1,681 shares of the financial services provider's stock worth $485,000 after purchasing an additional 40 shares in the last quarter. United Asset Strategies Inc. grew its stake in shares of Chubb by 1.3% in the fourth quarter. United Asset Strategies Inc. now owns 3,079 shares of the financial services provider's stock valued at $851,000 after buying an additional 40 shares in the last quarter. Finally, Avitas Wealth Management LLC increased its holdings in Chubb by 0.5% during the fourth quarter. Avitas Wealth Management LLC now owns 8,761 shares of the financial services provider's stock worth $2,421,000 after buying an additional 40 shares during the last quarter. Institutional investors own 83.81% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CB. Barclays lowered their price objective on shares of Chubb from $324.00 to $321.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. Wells Fargo & Company cut their price objective on Chubb from $271.00 to $268.00 and set an "equal weight" rating for the company in a research report on Thursday, April 10th. JMP Securities reissued a "market outperform" rating and set a $325.00 target price on shares of Chubb in a report on Wednesday, January 29th. Jefferies Financial Group raised their price target on Chubb from $307.00 to $308.00 and gave the company a "hold" rating in a report on Friday, April 11th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Chubb from $300.00 to $307.00 and gave the company a "neutral" rating in a report on Tuesday, April 8th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Chubb presently has an average rating of "Hold" and an average price target of $307.21.

Chubb Price Performance

Shares of NYSE:CB traded down $5.20 during midday trading on Monday, hitting $280.39. The stock had a trading volume of 1,487,087 shares, compared to its average volume of 1,632,186. The company's 50-day moving average price is $284.62 and its 200-day moving average price is $281.08. The company has a quick ratio of 0.28, a current ratio of 0.25 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $112.35 billion, a P/E ratio of 12.34, a price-to-earnings-growth ratio of 3.36 and a beta of 0.47. Chubb Limited has a fifty-two week low of $238.85 and a fifty-two week high of $306.91.

Chubb (NYSE:CB - Get Free Report) last posted its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share for the quarter, topping the consensus estimate of $5.33 by $0.69. Chubb had a net margin of 16.63% and a return on equity of 13.75%. As a group, equities research analysts predict that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Friday, March 14th were given a dividend of $0.91 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $3.64 annualized dividend and a dividend yield of 1.30%. Chubb's payout ratio is 16.02%.

Insider Buying and Selling at Chubb

In other news, CEO Evan G. Greenberg sold 25,728 shares of Chubb stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $291.45, for a total transaction of $7,498,425.60. Following the completion of the transaction, the chief executive officer now directly owns 584,395 shares in the company, valued at $170,321,922.75. This trade represents a 4.22 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Joseph F. Wayland sold 10,000 shares of the company's stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $286.96, for a total transaction of $2,869,600.00. Following the completion of the sale, the executive vice president now owns 77,703 shares in the company, valued at $22,297,652.88. This represents a 11.40 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 63,470 shares of company stock valued at $18,562,730. 0.86% of the stock is currently owned by company insiders.

Chubb Company 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.