Creative Planning lifted its stake in shares of Chubb Ltd (NYSE:CB) by 7.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,002 shares of the financial services provider’s stock after purchasing an additional 1,224 shares during the period. Creative Planning’s holdings in Chubb were worth $2,631,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in CB. WCM Investment Management CA increased its holdings in Chubb by 105.1% in the third quarter. WCM Investment Management CA now owns 11,137,460 shares of the financial services provider’s stock valued at $1,587,644,000 after buying an additional 5,707,734 shares during the last quarter. American Century Companies Inc. increased its holdings in Chubb by 6.0% in the third quarter. American Century Companies Inc. now owns 3,963,751 shares of the financial services provider’s stock valued at $565,033,000 after buying an additional 225,475 shares during the last quarter. Legal & General Group Plc increased its holdings in Chubb by 3.5% in the third quarter. Legal & General Group Plc now owns 2,502,609 shares of the financial services provider’s stock valued at $356,732,000 after buying an additional 84,700 shares during the last quarter. Epoch Investment Partners Inc. grew its holdings in shares of Chubb by 0.6% during the third quarter. Epoch Investment Partners Inc. now owns 2,089,344 shares of the financial services provider’s stock worth $297,836,000 after purchasing an additional 11,569 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Chubb by 3.1% during the third quarter. Dimensional Fund Advisors LP now owns 2,018,977 shares of the financial services provider’s stock worth $287,802,000 after purchasing an additional 60,950 shares during the last quarter. Hedge funds and other institutional investors own 87.40% of the company’s stock.
Several brokerages have issued reports on CB. Bank of America increased their target price on shares of Chubb from $168.00 to $171.00 and gave the stock a “buy” rating in a research note on Wednesday, January 31st. Royal Bank of Canada restated a “buy” rating and issued a $170.00 price objective on shares of Chubb in a research report on Wednesday, January 31st. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $153.00 target price on shares of Chubb in a report on Sunday, October 29th. Zacks Investment Research raised shares of Chubb from a “sell” rating to a “hold” rating in a report on Friday, November 3rd. Finally, UBS Group increased their target price on shares of Chubb from $160.00 to $169.00 and gave the company a “buy” rating in a report on Wednesday, November 1st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $163.92.
In other Chubb news, CEO Evan G. Greenberg sold 95,761 shares of the company’s stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $145.56, for a total value of $13,938,971.16. Following the completion of the transaction, the chief executive officer now owns 1,367,229 shares in the company, valued at approximately $199,013,853.24. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Timothy Alan Boroughs sold 18,611 shares of the company’s stock in a transaction dated 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 transaction, the insider now owns 201,165 shares of the company’s stock, valued at approximately $30,420,171.30. The disclosure for this sale can be found here. 0.43% of the stock is owned by corporate insiders.
Shares of Chubb Ltd (NYSE CB) traded up $2.17 on Wednesday, hitting $147.29. 1,989,089 shares of the company’s stock were exchanged, compared to its average volume of 2,030,000. The firm has a market cap of $68,380.00, a price-to-earnings ratio of 17.98, a PEG ratio of 1.34 and a beta of 0.95. Chubb Ltd has a 52 week low of $132.97 and a 52 week high of $157.50. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.30 and a current ratio of 0.29.
Chubb (NYSE:CB) last issued its quarterly earnings data on Tuesday, January 30th. The financial services provider reported $3.17 EPS for the quarter, topping analysts’ consensus estimates of $2.31 by $0.86. The firm had revenue of $7.05 billion for the quarter, compared to analyst estimates of $6.64 billion. Chubb had a net margin of 11.87% and a return on equity of 7.52%. The firm’s revenue was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.72 EPS. equities research analysts anticipate that Chubb Ltd will post 10.76 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, January 19th. Stockholders of record on Friday, December 29th were given a $0.71 dividend. This represents a $2.84 annualized dividend and a dividend yield of 1.93%. The ex-dividend date of this dividend was Thursday, December 28th. Chubb’s payout ratio is currently 34.68%.
Chubb announced that its Board of Directors has authorized a share repurchase program on Thursday, December 21st that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the financial services provider to repurchase shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its stock is undervalued.
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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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