Broyhill Asset Management Makes New $434,000 Investment in Chubb Limited (NYSE:CB)

Broyhill Asset Management 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 (SEC). The institutional investor acquired 1,570 shares of the financial services provider's stock, valued at approximately $434,000.

A number of other hedge funds also recently modified their holdings of the stock. First Financial Bank Trust Division lifted its stake in 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 buying an additional 37 shares in the last quarter. Rede Wealth LLC grew its stake in Chubb by 2.0% during the 4th quarter. Rede Wealth LLC now owns 1,900 shares of the financial services provider's stock valued at $525,000 after acquiring an additional 37 shares in the last quarter. Sfmg LLC lifted its position in Chubb by 2.4% during the third quarter. Sfmg LLC now owns 1,681 shares of the financial services provider's stock worth $485,000 after buying an additional 40 shares in the last quarter. United Asset Strategies Inc. grew its holdings in Chubb by 1.3% in the 4th 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 position 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 purchasing an additional 40 shares during the last quarter. Institutional investors and hedge funds own 83.81% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on CB shares. Wells Fargo & Company cut their target price on shares of Chubb from $271.00 to $268.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 10th. Hsbc Global Res raised Chubb from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 5th. Jefferies Financial Group boosted their price objective on shares of Chubb from $307.00 to $308.00 and gave the stock a "hold" rating in a research report on Friday, April 11th. Barclays dropped their target price on shares of Chubb from $324.00 to $321.00 and set an "overweight" rating on the stock in a research report on Friday, April 11th. Finally, HSBC upgraded shares of Chubb from a "hold" rating to a "buy" rating and set a $323.00 price objective for the company in a research note on Wednesday, March 5th. 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 assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $307.21.

Chubb Stock Performance

Shares of NYSE:CB traded up $0.22 during trading on Friday, reaching $285.29. The company had a trading volume of 2,477,527 shares, compared to its average volume of 1,636,533. The firm has a market capitalization of $114.31 billion, a price-to-earnings ratio of 12.56, a price-to-earnings-growth ratio of 3.36 and a beta of 0.47. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.25 and a quick ratio of 0.28. Chubb Limited has a fifty-two week low of $238.85 and a fifty-two week high of $306.91. The stock's fifty day moving average price is $284.62 and its 200 day moving average price is $281.20.

Chubb (NYSE:CB - Get Free Report) last posted its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share (EPS) 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 year.

Chubb Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Friday, March 14th were issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date was Friday, March 14th. Chubb's dividend payout ratio (DPR) is currently 16.02%.

Insiders Place Their Bets

In other news, EVP Joseph F. Wayland sold 10,000 shares of the firm's stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $286.96, for a total value of $2,869,600.00. Following the completion of the transaction, the executive vice president now owns 77,703 shares in the company, valued at $22,297,652.88. This trade represents a 11.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Evan G. Greenberg sold 25,728 shares of the firm's 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 transaction, the chief executive officer now owns 584,395 shares of the company's stock, valued at $170,321,922.75. This trade represents a 4.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 63,470 shares of company stock worth $18,562,730. Corporate insiders own 0.86% of the company's stock.

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.