Bronfman E.L. Rothschild L.P. raised its position in shares of Chubb Ltd (NYSE:CB) by 6.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,013 shares of the financial services provider’s stock after acquiring an additional 354 shares during the period. Bronfman E.L. Rothschild L.P.’s holdings in Chubb were worth $879,000 at the end of the most recent quarter.
Several other large investors have also recently modified their holdings of the company. AGF Investments America Inc. boosted its holdings in shares of Chubb by 2.8% during the fourth quarter. AGF Investments America Inc. now owns 40,824 shares of the financial services provider’s stock worth $5,966,000 after acquiring an additional 1,103 shares during the period. Buckley Wealth Management LLC bought a new stake in shares of Chubb during the fourth quarter worth approximately $467,000. Texas Yale Capital Corp. boosted its holdings in shares of Chubb by 4.8% during the fourth quarter. Texas Yale Capital Corp. now owns 14,153 shares of the financial services provider’s stock worth $2,068,000 after acquiring an additional 643 shares during the period. NuWave Investment Management LLC bought a new stake in shares of Chubb during the fourth quarter worth approximately $788,000. Finally, Wealthstreet Investment Advisors LLC bought a new stake in shares of Chubb during the fourth quarter worth approximately $248,000. Institutional investors own 87.40% of the company’s stock.
Shares of Chubb Ltd (NYSE:CB) opened at $144.61 on Tuesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.29 and a quick ratio of 0.30. The stock has a market capitalization of $67,089.37, a P/E ratio of 17.64, a P/E/G ratio of 1.34 and a beta of 0.95. Chubb Ltd has a 12 month low of $132.25 and a 12 month high of $157.50.
Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, January 30th. The financial services provider reported $3.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.31 by $0.86. Chubb had a return on equity of 7.52% and a net margin of 11.87%. The business had revenue of $7.05 billion during the quarter, compared to analysts’ expectations of $6.64 billion. During the same period in the previous year, the company posted $2.72 earnings per share. The firm’s revenue for the quarter was up 1.6% compared to the same quarter last year. research analysts predict that Chubb Ltd will post 10.76 EPS for the current year.
Chubb announced that its board has authorized a stock repurchase program on Thursday, December 21st that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the financial services provider to repurchase shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board of directors believes its shares are undervalued.
The firm also recently announced a quarterly dividend, which was paid on Friday, January 19th. Shareholders of record on Friday, December 29th were paid a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a yield of 1.96%. The ex-dividend date of this dividend was Thursday, December 28th. Chubb’s payout ratio is presently 34.63%.
In other Chubb news, insider Timothy Alan Boroughs sold 18,611 shares of the company’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $151.22, for a total transaction of $2,814,355.42. Following the completion of the sale, the insider now directly owns 201,165 shares in the company, valued at $30,420,171.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Evan G. Greenberg sold 95,761 shares of the company’s stock in a transaction on Thursday, December 21st. The stock was sold at an average price of $145.56, for a total value of $13,938,971.16. Following the sale, the chief executive officer now owns 1,367,229 shares of the company’s stock, valued at $199,013,853.24. The disclosure for this sale can be found here. 0.43% of the stock is owned by corporate insiders.
A number of equities research analysts have recently issued reports on CB shares. Keefe, Bruyette & Woods restated a “buy” rating and set a $153.00 price objective on shares of Chubb in a report on Sunday, October 29th. Citigroup boosted their price target on Chubb from $167.00 to $173.00 and gave the company a “neutral” rating in a research note on Monday, October 30th. UBS Group boosted their price target on Chubb from $160.00 to $169.00 and gave the company a “buy” rating in a research note on Wednesday, November 1st. Zacks Investment Research upgraded Chubb from a “sell” rating to a “hold” rating in a research note on Friday, November 3rd. Finally, JPMorgan Chase & Co. upgraded Chubb from a “neutral” rating to an “overweight” rating in a research note on Wednesday, November 8th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $163.92.
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Chubb Limited is a holding company. The Company, through its subsidiaries, provides a range of insurance and reinsurance products and services to clients around the world. Its segments include North America Commercial property and casualty (P&C) Insurance, North America Personal P&C Insurance, North America Agricultural Insurance, Overseas General Insurance, Global Reinsurance and Life Insurance.
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