Dixon Hubard Feinour & Brown Inc. VA increased its holdings in shares of Chubb Ltd (NYSE:CB) by 11.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,951 shares of the financial services provider’s stock after purchasing an additional 806 shares during the period. Dixon Hubard Feinour & Brown Inc. VA’s holdings in Chubb were worth $1,162,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also made changes to their positions in CB. Financial Gravity Companies Inc. purchased a new stake in Chubb during the 4th quarter worth $103,000. Welch Group LLC purchased a new stake in Chubb during the 4th quarter worth $110,000. Focused Wealth Management Inc purchased a new stake in Chubb during the 4th quarter worth $117,000. Horan Capital Advisors LLC. purchased a new stake in Chubb during the 3rd quarter worth $133,000. Finally, Covenant Multifamily Offices LLC purchased a new stake in Chubb during the 4th quarter worth $135,000. 89.16% of the stock is owned by hedge funds and other institutional investors.
Chubb stock opened at $140.26 on Thursday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.30 and a quick ratio of 0.30. The firm has a market cap of $65,585.39, a PE ratio of 17.62, a price-to-earnings-growth ratio of 1.31 and a beta of 1.01. Chubb Ltd has a 12-month low of $133.82 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 EPS for the quarter, topping the consensus estimate of $2.31 by $0.86. Chubb had a net margin of 11.87% and a return on equity of 7.52%. The business had revenue of $7.05 billion for the quarter, compared to analysts’ expectations of $6.64 billion. During the same quarter last year, the company posted $2.72 earnings per share. The company’s quarterly revenue was up 1.6% compared to the same quarter last year. equities research analysts predict that Chubb Ltd will post 10.75 earnings per share for the current year.
Chubb declared that its Board of Directors has approved a stock repurchase program on Thursday, December 21st that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the financial services provider to reacquire shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.
The business also recently declared a quarterly dividend, which will be paid on Friday, April 20th. Stockholders of record on Thursday, March 29th will be given a dividend of $0.71 per share. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $2.84 annualized dividend and a dividend yield of 2.02%. Chubb’s payout ratio is 34.63%.
In other news, insider Philip V. Bancroft sold 55,675 shares of the stock in a transaction dated Thursday, March 15th. The shares were sold at an average price of $140.94, for a total transaction of $7,846,834.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Juan C. Andrade sold 9,373 shares of the stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $146.06, for a total transaction of $1,369,020.38. Following the transaction, the insider now directly owns 110,195 shares in the company, valued at approximately $16,095,081.70. The disclosure for this sale can be found here. Company insiders own 0.43% of the company’s stock.
A number of analysts recently weighed in on CB shares. Wells Fargo set a $169.00 price target on shares of Chubb and gave the stock a “buy” rating in a research report on Wednesday, November 29th. Goldman Sachs initiated coverage on shares of Chubb in a research report on Monday, December 4th. They issued a “buy” rating and a $167.00 price objective for the company. Credit Suisse Group reissued a “neutral” rating and issued a $156.00 price objective on shares of Chubb in a research report on Tuesday, December 19th. Zacks Investment Research raised shares of Chubb from a “hold” rating to a “buy” rating and set a $164.00 price objective for the company in a research report on Wednesday, January 3rd. Finally, Bank of America upped their price objective on shares of Chubb from $168.00 to $171.00 and gave the company a “buy” rating in a research report on Wednesday, January 31st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and ten have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $165.25.
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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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