Sequoia Financial Advisors LLC Grows Stock Position in Chubb Limited (NYSE:CB)

Sequoia Financial Advisors LLC boosted its stake in Chubb Limited (NYSE:CB - Free Report) by 12.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,937 shares of the financial services provider's stock after acquiring an additional 2,590 shares during the period. Sequoia Financial Advisors LLC's holdings in Chubb were worth $6,614,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Continuum Advisory LLC boosted its holdings in Chubb by 56.5% in the third quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider's stock valued at $28,000 after acquiring an additional 35 shares in the last quarter. Gordian Capital Singapore Pte Ltd bought a new stake in Chubb in the third quarter valued at $29,000. Raelipskie Partnership bought a new stake in Chubb in the third quarter valued at $29,000. Sierra Ocean LLC bought a new stake in Chubb in the fourth quarter valued at $29,000. Finally, Truvestments Capital LLC bought a new stake in Chubb in the third quarter valued at $30,000. Institutional investors own 83.81% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on CB. Wells Fargo & Company lowered their price objective on Chubb from $268.00 to $264.00 and set an "equal weight" rating for the company in a research report on Tuesday, January 14th. JPMorgan Chase & Co. boosted their target price on Chubb from $296.00 to $300.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 29th. 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. Hsbc Global Res upgraded Chubb from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 5th. Finally, HSBC upgraded Chubb from a "hold" rating to a "buy" rating and set a $323.00 price target for the company in a research note on Wednesday, March 5th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $299.27.

Remove Ads

Insiders Place Their Bets

In other news, EVP Joseph F. Wayland sold 10,000 shares of the company's stock in a transaction that occurred on 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 represents a 11.40 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Evan G. Greenberg sold 25,728 shares of the company'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 sale, the chief executive officer now directly owns 584,395 shares in the company, 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. 0.86% of the stock is currently owned by corporate insiders.

Chubb Stock Performance

Shares of NYSE:CB traded up $4.59 during mid-day trading on Thursday, reaching $288.57. 2,777,778 shares of the company traded hands, compared to its average volume of 1,509,002. The company's 50 day moving average price is $273.14 and its 200-day moving average price is $280.69. The firm has a market cap of $115.55 billion, a PE ratio of 12.70, a PEG ratio of 3.36 and a beta of 0.66. 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 52 week low of $238.85 and a 52 week high of $302.05.

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 for the quarter, topping the consensus estimate of $5.33 by $0.69. Chubb had a return on equity of 13.75% and a net margin of 16.63%. On average, equities analysts expect that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 14th will be paid a $0.91 dividend. The ex-dividend date is Friday, March 14th. This represents a $3.64 annualized dividend and a yield of 1.26%. Chubb's payout ratio is 16.02%.

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.