Callan Family Office LLC acquired a new position in shares of Chubb Limited (NYSE:CB - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 3,866 shares of the financial services provider's stock, valued at approximately $1,068,000.
Other large investors have also modified their holdings of the company. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Chubb by 57.8% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 356,602 shares of the financial services provider's stock worth $102,840,000 after acquiring an additional 130,629 shares in the last quarter. Czech National Bank boosted its position in shares of Chubb by 6.2% in the fourth quarter. Czech National Bank now owns 81,282 shares of the financial services provider's stock worth $22,458,000 after buying an additional 4,757 shares during the period. Barclays PLC boosted its position in shares of Chubb by 28.1% in the third quarter. Barclays PLC now owns 1,772,688 shares of the financial services provider's stock worth $511,226,000 after buying an additional 388,746 shares during the period. Savvy Advisors Inc. acquired a new stake in shares of Chubb in the third quarter worth $721,000. Finally, Kennebec Savings Bank acquired a new stake in shares of Chubb in the third quarter worth $792,000. 83.81% of the stock is owned by institutional investors.
Chubb Stock Performance
Shares of Chubb stock traded up $0.23 during trading on Friday, reaching $286.52. The company's stock had a trading volume of 1,259,899 shares, compared to its average volume of 1,700,705. 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 $272.01 and its 200-day moving average price is $280.30. The firm has a market cap of $114.73 billion, a price-to-earnings ratio of 12.61, a price-to-earnings-growth ratio of 3.36 and a beta of 0.66. Chubb Limited has a one year low of $238.85 and a one year high of $302.05.
Chubb (NYSE:CB - Get Free Report) last posted its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $6.02 EPS for the quarter, topping analysts' consensus estimates of $5.33 by $0.69. Chubb had a return on equity of 13.75% and a net margin of 16.63%. As a group, equities research analysts predict that Chubb Limited will post 21.52 earnings per share for the current year.
Chubb Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 14th will be given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date of this dividend is Friday, March 14th. Chubb's dividend payout ratio (DPR) is presently 16.02%.
Analyst Ratings Changes
Several analysts have recently commented on CB shares. Barclays decreased their target price on Chubb from $349.00 to $324.00 and set an "overweight" rating for the company in a research report on Monday, January 6th. JMP Securities reiterated a "market outperform" rating and set a $325.00 price objective on shares of Chubb in a report on Wednesday, January 29th. JPMorgan Chase & Co. increased their price objective on Chubb from $296.00 to $300.00 and gave the stock a "neutral" rating in a report on Wednesday, January 29th. Wells Fargo & Company cut their price objective on Chubb from $268.00 to $264.00 and set an "equal weight" rating for the company in a report on Tuesday, January 14th. Finally, Keefe, Bruyette & Woods increased their price objective on Chubb from $328.00 to $329.00 and gave the stock an "outperform" rating in a report on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Chubb currently has an average rating of "Hold" and a consensus target price of $299.27.
Check Out Our Latest Stock Report on CB
Insider Buying and Selling
In related news, EVP Joseph F. Wayland sold 10,000 shares of Chubb 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 sale, the executive vice president now directly owns 77,703 shares of the company's stock, valued at $22,297,652.88. This trade represents a 11.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.86% of the stock is owned by company insiders.
Chubb Profile
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Free Report)
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.
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