Townsquare Capital LLC Has $3.11 Million Holdings in Chubb Limited (NYSE:CB)

Townsquare Capital LLC lifted its stake in shares of Chubb Limited (NYSE:CB - Free Report) by 21.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,245 shares of the financial services provider's stock after purchasing an additional 1,971 shares during the period. Townsquare Capital LLC's holdings in Chubb were worth $3,107,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Chubb by 57.8% in 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 raised 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 buying an additional 4,757 shares during the period. Barclays PLC lifted its stake in Chubb by 28.1% in the 3rd quarter. Barclays PLC now owns 1,772,688 shares of the financial services provider's stock worth $511,226,000 after acquiring an additional 388,746 shares in the last quarter. California Public Employees Retirement System boosted its position in Chubb by 1.1% during the 4th quarter. California Public Employees Retirement System now owns 1,350,381 shares of the financial services provider's stock worth $373,110,000 after acquiring an additional 14,610 shares during the period. Finally, Versant Capital Management Inc grew its stake in Chubb by 133.9% during the 4th quarter. Versant Capital Management Inc now owns 552 shares of the financial services provider's stock valued at $153,000 after acquiring an additional 316 shares in the last quarter. 83.81% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CB has been the subject of a number of research analyst reports. Jefferies Financial Group increased their price target on shares of Chubb from $307.00 to $308.00 and gave the stock a "hold" rating in a research report on Friday, April 11th. Keefe, Bruyette & Woods decreased their target price on shares of Chubb from $329.00 to $316.00 and set an "outperform" rating for the company in a research note on Wednesday, April 9th. Wells Fargo & Company lowered their price target on shares of Chubb from $271.00 to $268.00 and set an "equal weight" rating on the stock in a report on Thursday, April 10th. HSBC upgraded 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. Finally, JPMorgan Chase & Co. boosted their target price on Chubb from $300.00 to $307.00 and gave the company a "neutral" rating in a research note on Tuesday, April 8th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $307.21.

Chubb Stock Performance

CB stock traded up $0.22 during midday trading on Friday, hitting $285.29. 2,477,527 shares of the company traded hands, compared to its average volume of 1,636,252. Chubb Limited has a twelve month low of $238.85 and a twelve month high of $306.91. The stock has a market capitalization of $114.31 billion, a price-to-earnings ratio of 12.56, a price-to-earnings-growth ratio of 3.36 and a beta of 0.47. The company has a quick ratio of 0.28, a current ratio of 0.25 and a debt-to-equity ratio of 0.21. The business has a 50 day simple moving average of $284.27 and a 200-day simple moving average of $281.25.

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

Chubb Dividend Announcement

The firm 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. The ex-dividend date of this dividend was Friday, March 14th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.28%. Chubb's payout ratio is presently 16.02%.

Insider Buying and Selling

In other Chubb news, EVP Joseph F. Wayland sold 10,000 shares of Chubb stock in a transaction that occurred on Tuesday, March 4th. The stock was 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 of the company's stock, valued at $22,297,652.88. The trade was a 11.40 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO George F. Ohsiek sold 763 shares of the stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $290.41, for a total value of $221,582.83. Following the completion of the sale, the chief accounting officer now directly owns 20,044 shares of the company's stock, valued at $5,820,978.04. This represents a 3.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 63,470 shares of company stock valued at $18,562,730. 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.