Laurel Wealth Advisors Inc. purchased a new stake in shares of Chubb Ltd (NYSE:CB) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 1,975 shares of the financial services provider’s stock, valued at approximately $288,000.
Several other institutional investors also recently bought and sold shares of CB. BlackRock Inc. boosted its holdings in Chubb by 1.5% in the fourth quarter. BlackRock Inc. now owns 30,206,383 shares of the financial services provider’s stock worth $4,414,057,000 after purchasing an additional 435,621 shares in the last quarter. WCM Investment Management CA boosted its holdings in Chubb by 6.3% in the fourth quarter. WCM Investment Management CA now owns 11,835,162 shares of the financial services provider’s stock worth $1,729,472,000 after purchasing an additional 697,702 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in Chubb by 0.4% in the fourth quarter. Wells Fargo & Company MN now owns 5,496,940 shares of the financial services provider’s stock worth $803,269,000 after purchasing an additional 19,850 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Chubb by 2.7% in the fourth quarter. Geode Capital Management LLC now owns 4,650,732 shares of the financial services provider’s stock worth $678,109,000 after purchasing an additional 122,892 shares in the last quarter. Finally, American Century Companies Inc. boosted its holdings in Chubb by 3.5% in the fourth quarter. American Century Companies Inc. now owns 4,104,051 shares of the financial services provider’s stock worth $599,725,000 after purchasing an additional 140,300 shares in the last quarter. Institutional investors and hedge funds own 89.20% of the company’s stock.
A number of equities research analysts recently issued reports on CB shares. Barclays upped their price objective on shares of Chubb from $169.00 to $175.00 and gave the stock an “overweight” rating in a report on Tuesday, February 20th. Wells Fargo reiterated a “buy” rating and issued a $169.00 price objective on shares of Chubb in a report on Tuesday, January 30th. Credit Suisse Group reiterated a “neutral” rating and issued a $156.00 price objective on shares of Chubb in a report on Tuesday, December 19th. Zacks Investment Research cut shares of Chubb from a “hold” rating to a “sell” rating in a report on Friday. Finally, Bank of America boosted their target price on shares of Chubb from $168.00 to $171.00 and gave the stock a “buy” rating in a research report on Wednesday, January 31st. One investment analyst has rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the company. The company has an average rating of “Buy” and an average price target of $162.92.
Chubb stock traded down $1.64 on Friday, reaching $134.13. 1,721,821 shares of the stock were exchanged, compared to its average volume of 1,549,956. The firm has a market cap of $62,248.53, a price-to-earnings ratio of 16.70, a P/E/G ratio of 1.31 and a beta of 1.01. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.30 and a quick ratio of 0.30. Chubb Ltd has a twelve month low of $131.14 and a twelve month high of $157.50.
Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, January 30th. The financial services provider reported $3.17 EPS for the quarter, beating the Zacks’ consensus estimate of $2.31 by $0.86. The business had revenue of $7.05 billion during 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 for the quarter was up 1.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.72 earnings per share. sell-side analysts expect that Chubb Ltd will post 10.26 earnings per share for the current year.
The business also recently disclosed 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. This represents a $2.84 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date is Wednesday, March 28th. Chubb’s dividend payout ratio is currently 35.37%.
Chubb declared that its Board of Directors has approved a share buyback plan on Thursday, December 21st that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the financial services provider to reacquire shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its shares are undervalued.
In other news, insider Philip V. Bancroft sold 55,675 shares of the company’s 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Juan C. Andrade sold 9,373 shares of the company’s stock in a transaction dated Wednesday, February 21st. The shares were 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 of the company’s stock, valued at approximately $16,095,081.70. The disclosure for this sale can be found here. 0.43% of the stock is currently owned by corporate insiders.
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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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