Main Street Research LLC Increases Stake in Chubb Limited (NYSE:CB)

Main Street Research LLC raised its holdings in Chubb Limited (NYSE:CB - Free Report) by 1.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 118,621 shares of the financial services provider's stock after buying an additional 2,167 shares during the period. Chubb makes up approximately 2.0% of Main Street Research LLC's portfolio, making the stock its 26th largest position. Main Street Research LLC's holdings in Chubb were worth $32,883,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Van ECK Associates Corp raised its stake in Chubb by 2.8% in the third quarter. Van ECK Associates Corp now owns 13,010 shares of the financial services provider's stock valued at $3,838,000 after buying an additional 359 shares in the last quarter. Impax Asset Management Group plc acquired a new stake in shares of Chubb during the 3rd quarter worth about $26,336,000. Equitable Trust Co. raised its position in shares of Chubb by 4.4% during the 3rd quarter. Equitable Trust Co. now owns 998 shares of the financial services provider's stock worth $288,000 after acquiring an additional 42 shares in the last quarter. CWA Asset Management Group LLC purchased a new stake in Chubb during the third quarter worth approximately $681,000. Finally, Assetmark Inc. boosted its holdings in Chubb by 4.7% in the third quarter. Assetmark Inc. now owns 66,747 shares of the financial services provider's stock valued at $19,249,000 after purchasing an additional 3,008 shares in the last quarter. Institutional investors and hedge funds own 83.81% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on CB shares. JPMorgan Chase & Co. raised their price objective on shares of Chubb from $296.00 to $300.00 and gave the stock a "neutral" rating in a report on Wednesday, January 29th. Hsbc Global Res raised shares of Chubb from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, March 5th. Keefe, Bruyette & Woods raised 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. Barclays reduced their target price on Chubb from $349.00 to $324.00 and set an "overweight" rating for the company in a report on Monday, January 6th. Finally, JMP Securities restated a "market outperform" rating and set a $325.00 price target on shares of Chubb in a research note on Wednesday, January 29th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Chubb currently has a consensus rating of "Hold" and a consensus target price of $299.27.

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Chubb Stock Up 0.1 %

CB stock opened at $286.52 on Monday. The stock has a market capitalization of $114.73 billion, a PE ratio of 12.61, a price-to-earnings-growth ratio of 3.36 and a beta of 0.66. The company has a fifty day moving average of $272.01 and a 200-day moving average of $280.36. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.25. 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 announced its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $6.02 EPS for the quarter, beating 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, analysts expect that Chubb Limited will post 21.52 EPS for the current year.

Chubb Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 14th will be issued 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 is Friday, March 14th. Chubb's dividend payout ratio is presently 16.02%.

Insiders Place Their Bets

In other Chubb news, 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 transaction of $2,869,600.00. Following the transaction, the executive vice president now directly owns 77,703 shares in the company, valued at approximately $22,297,652.88. This represents a 11.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.86% of the stock is currently owned by company insiders.

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.

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