Demars Financial Group LLC Buys 5,340,499 Shares of Chubb Limited (NYSE:CB)

Demars Financial Group LLC increased its position in shares of Chubb Limited (NYSE:CB - Free Report) by 26,761.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,360,455 shares of the financial services provider's stock after purchasing an additional 5,340,499 shares during the quarter. Chubb accounts for 4.6% of Demars Financial Group LLC's investment portfolio, making the stock its 4th biggest holding. Demars Financial Group LLC owned approximately 1.33% of Chubb worth $1,481,094,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Marshall Wace LLP grew its position in shares of Chubb by 1,767.1% in the fourth quarter. Marshall Wace LLP now owns 191,507 shares of the financial services provider's stock valued at $52,913,000 after purchasing an additional 181,250 shares during the period. NewEdge Advisors LLC grew its stake in shares of Chubb by 10.3% in the fourth quarter. NewEdge Advisors LLC now owns 74,911 shares of the financial services provider's stock valued at $20,698,000 after buying an additional 7,002 shares in the last quarter. Evergreen Capital Management LLC lifted its position in shares of Chubb by 2.1% during the fourth quarter. Evergreen Capital Management LLC now owns 30,317 shares of the financial services provider's stock worth $8,404,000 after purchasing an additional 622 shares in the last quarter. Gamco Investors INC. ET AL boosted its position in Chubb by 63.9% in the 4th quarter. Gamco Investors INC. ET AL now owns 14,299 shares of the financial services provider's stock valued at $3,951,000 after buying an additional 5,576 shares during the last quarter. Finally, Gabelli Funds LLC grew its stake in Chubb by 24.5% during the 4th quarter. Gabelli Funds LLC now owns 14,202 shares of the financial services provider's stock valued at $3,924,000 after purchasing an additional 2,797 shares in the last quarter. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on CB shares. Jefferies Financial Group upped their target price on shares of Chubb from $307.00 to $308.00 and gave the company a "hold" rating in a research note on Friday, April 11th. Wells Fargo & Company cut their price objective on shares of Chubb from $271.00 to $268.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 10th. Hsbc Global Res raised Chubb from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 5th. Royal Bank of Canada reiterated an "outperform" rating and issued a $320.00 price objective on shares of Chubb in a report on Thursday, January 30th. Finally, HSBC raised Chubb from a "hold" rating to a "buy" rating and set a $323.00 target price on the stock in a report on Wednesday, March 5th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Chubb has a consensus rating of "Hold" and a consensus price target of $307.21.

Chubb Stock Down 2.4 %

Shares of Chubb stock traded down $6.74 during trading on Monday, hitting $278.85. 786,857 shares of the stock traded hands, compared to its average volume of 1,630,033. 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 stock has a market cap of $111.73 billion, a P/E ratio of 12.27, a PEG ratio of 3.36 and a beta of 0.47. Chubb Limited has a twelve month low of $238.85 and a twelve month high of $306.91. The company has a fifty day moving average price of $284.62 and a two-hundred day moving average price of $281.08.

Chubb (NYSE:CB - Get Free Report) last posted its earnings results on Tuesday, January 28th. The financial services provider reported $6.02 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%. Equities research analysts predict that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Friday, March 14th were paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date was Friday, March 14th. Chubb's payout ratio is 16.02%.

Insider Activity

In related news, CAO George F. Ohsiek sold 763 shares of the business's stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $290.41, for a total transaction of $221,582.83. Following the transaction, the chief accounting officer now directly owns 20,044 shares in the company, valued at $5,820,978.04. The trade was a 3.67 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Evan G. Greenberg sold 25,728 shares of the firm's stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $291.45, for a total value of $7,498,425.60. Following the completion of the sale, the chief executive officer now owns 584,395 shares of the company's stock, valued at $170,321,922.75. This represents a 4.22 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 63,470 shares of company stock valued at $18,562,730. 0.86% of the stock is owned by insiders.

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.