Chubb Limited (NYSE:CB) Shares Purchased by Canopy Partners LLC

Canopy Partners LLC increased its position in shares of Chubb Limited (NYSE:CB - Free Report) by 94.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,818 shares of the financial services provider's stock after purchasing an additional 2,340 shares during the period. Canopy Partners LLC's holdings in Chubb were worth $1,331,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

CB has been the subject of a number of analyst reports. JMP Securities reaffirmed a "market outperform" rating and issued a $325.00 price target on shares of Chubb in a report on Wednesday, January 29th. UBS Group upped their price objective on Chubb from $298.00 to $303.00 and gave the company a "neutral" rating in a research report on Wednesday. JPMorgan Chase & Co. lifted their target price on Chubb from $300.00 to $307.00 and gave the stock a "neutral" rating in a report on Tuesday. Keefe, Bruyette & Woods decreased their price target on Chubb from $329.00 to $316.00 and set an "outperform" rating on the stock in a report on Wednesday. Finally, Jefferies Financial Group lifted their price objective on shares of Chubb from $307.00 to $308.00 and gave the stock a "hold" rating in a research note on Friday. 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 given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $303.67.

Chubb Stock Up 0.3 %

NYSE CB traded up $0.96 during trading on Friday, reaching $283.30. 2,562,466 shares of the company's stock traded hands, compared to its average volume of 1,634,658. The company's 50 day simple moving average is $283.03 and its two-hundred day simple moving average is $281.28. Chubb Limited has a 12-month low of $238.85 and a 12-month high of $306.91. The firm has a market cap of $113.51 billion, a price-to-earnings ratio of 12.47, 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 (NYSE:CB - Get Free Report) last issued 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 net margin of 16.63% and a return on equity of 13.75%. As a group, sell-side analysts forecast that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Announces Dividend

The business also recently disclosed 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. 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 payout ratio is currently 16.02%.

Insider Buying and Selling 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 value of $4,367,177.76. Following the completion of the sale, the executive vice president now owns 29,194 shares of the company's stock, valued at $8,644,927.28. This trade represents a 33.56 % decrease in their position. The transaction was disclosed in a document filed 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 shares were sold at an average price of $286.96, for a total value of $2,869,600.00. Following the transaction, the executive vice president now directly owns 77,703 shares in the company, valued at $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 have sold 63,470 shares of company stock worth $18,562,730 over the last quarter. Insiders own 0.86% of the company's stock.

About Chubb

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.