SlateStone Wealth LLC grew its stake in Chubb Limited (NYSE:CB - Free Report) by 5.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,600 shares of the financial services provider's stock after acquiring an additional 2,274 shares during the period. Chubb accounts for approximately 1.2% of SlateStone Wealth LLC's holdings, making the stock its 20th largest position. SlateStone Wealth LLC's holdings in Chubb were worth $12,323,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Wealth Enhancement Advisory Services LLC raised its position in Chubb by 57.8% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 356,602 shares of the financial services provider's stock valued at $102,840,000 after purchasing an additional 130,629 shares in the last quarter. Czech National Bank boosted its position in Chubb by 6.2% during the fourth quarter. Czech National Bank now owns 81,282 shares of the financial services provider's stock valued at $22,458,000 after acquiring an additional 4,757 shares during the last quarter. Barclays PLC boosted its position in Chubb by 28.1% during the third quarter. Barclays PLC now owns 1,772,688 shares of the financial services provider's stock valued at $511,226,000 after acquiring an additional 388,746 shares during the last quarter. Weiss Asset Management LP acquired a new position in shares of Chubb during the third quarter valued at about $27,424,000. Finally, Versant Capital Management Inc raised its holdings in shares of Chubb by 133.9% during the fourth quarter. Versant Capital Management Inc now owns 552 shares of the financial services provider's stock valued at $153,000 after purchasing an additional 316 shares during the period. Institutional investors own 83.81% of the company's stock.
Insider Buying and Selling at Chubb
In other Chubb news, CEO Evan G. Greenberg sold 25,728 shares of the stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $291.45, for a total value of $7,498,425.60. Following the transaction, the chief executive officer now directly owns 584,395 shares in the company, valued at $170,321,922.75. This represents a 4.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Joseph F. Wayland sold 10,000 shares of the firm'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 transaction, the executive vice president now owns 77,703 shares in the company, valued at approximately $22,297,652.88. This trade represents a 11.40 % 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 Up 2.0 %
NYSE:CB opened at $294.46 on Friday. The company has a market cap of $117.91 billion, a PE ratio of 12.96, a P/E/G ratio of 3.36 and a beta of 0.66. Chubb Limited has a twelve month low of $238.85 and a twelve month high of $302.05. The company has a current ratio of 0.25, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. The company's 50 day moving average is $273.60 and its two-hundred day moving average is $280.85.
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 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%. Analysts anticipate that Chubb Limited will post 21.52 EPS for the current year.
Chubb Announces Dividend
The company 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 $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date is Friday, March 14th. Chubb's dividend payout ratio is currently 16.02%.
Analyst Ratings Changes
A number of equities research analysts recently weighed in on CB shares. JMP Securities restated a "market outperform" rating and issued a $325.00 target price on shares of Chubb in a report on Wednesday, January 29th. Royal Bank of Canada reissued an "outperform" rating and set a $320.00 target price on shares of Chubb in a research report on Thursday, January 30th. Barclays reduced their price objective on shares of Chubb from $349.00 to $324.00 and set an "overweight" rating for the company in a research note on Monday, January 6th. Keefe, Bruyette & Woods boosted their price target on shares of Chubb from $328.00 to $329.00 and gave the company an "outperform" rating in a research report on Friday, January 31st. Finally, HSBC raised shares of Chubb from a "hold" rating to a "buy" rating and set a $323.00 price objective for the company in a report on Wednesday, March 5th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $301.00.
Read Our Latest Analysis on Chubb
About Chubb
(
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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