Scissortail Wealth Management LLC Makes New $8.06 Million Investment in Chubb Limited (NYSE:CB)

Scissortail Wealth Management LLC acquired a new position in Chubb Limited (NYSE:CB) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 33,204 shares of the financial services provider’s stock, valued at approximately $8,061,000. Chubb makes up approximately 2.6% of Scissortail Wealth Management LLC’s investment portfolio, making the stock its 8th biggest holding.

A number of other institutional investors have also added to or reduced their stakes in the company. ICA Group Wealth Management LLC bought a new position in shares of Chubb during the fourth quarter valued at $25,000. IMA Wealth Inc. increased its holdings in shares of Chubb by 275.7% during the second quarter. IMA Wealth Inc. now owns 139 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 102 shares in the last quarter. BOK Financial Private Wealth Inc. bought a new position in shares of Chubb during the third quarter valued at $28,000. ZRC Wealth Management LLC bought a new position in shares of Chubb during the fourth quarter valued at $29,000. Finally, Tennessee Valley Asset Management Partners bought a new position in shares of Chubb during the fourth quarter valued at $32,000. Institutional investors own 83.81% of the company’s stock.

Chubb Trading Up 0.3 %

Shares of NYSE CB traded up $0.81 during trading hours on Tuesday, hitting $245.25. 1,257,329 shares of the company traded hands, compared to its average volume of 1,718,459. The stock has a market capitalization of $99.57 billion, a price-to-earnings ratio of 11.23, a price-to-earnings-growth ratio of 1.16 and a beta of 0.62. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.20. The company’s 50 day moving average price is $252.55 and its 200 day moving average price is $233.47. Chubb Limited has a 12 month low of $183.71 and a 12 month high of $260.58.

Chubb (NYSE:CB) last released its earnings results on Tuesday, January 30th. The financial services provider reported $8.30 earnings per share for the quarter, beating the consensus estimate of $5.07 by $3.23. The firm had revenue of $13.38 billion for the quarter, compared to the consensus estimate of $12.88 billion. Chubb had a return on equity of 16.45% and a net margin of 18.11%. On average, equities research analysts anticipate that Chubb Limited will post 21.15 earnings per share for the current fiscal year.

Chubb Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Friday, March 15th were issued a dividend of $0.86 per share. This represents a $3.44 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date of this dividend was Thursday, March 14th. Chubb’s payout ratio is currently 15.76%.

Wall Street Analyst Weigh In

Several research firms recently commented on CB. UBS Group lifted their price objective on Chubb from $245.00 to $256.00 and gave the stock a “neutral” rating in a report on Monday, February 5th. JPMorgan Chase & Co. lifted their price objective on Chubb from $253.00 to $266.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. Evercore ISI lifted their price objective on Chubb from $270.00 to $281.00 and gave the stock an “outperform” rating in a report on Thursday, April 11th. TD Cowen assumed coverage on Chubb in a report on Wednesday, January 10th. They issued a “market perform” rating and a $254.00 price objective for the company. Finally, The Goldman Sachs Group raised their target price on Chubb from $228.00 to $254.00 and gave the stock a “neutral” rating in a research report on Friday. Nine equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $266.37.

Insider Activity at Chubb

In other Chubb news, insider John J. Lupica sold 34,464 shares of the company’s stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $258.92, for a total value of $8,923,418.88. Following the completion of the sale, the insider now directly owns 130,937 shares in the company, valued at approximately $33,902,208.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Chubb news, EVP Timothy Alan Boroughs sold 14,303 shares of the company’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $258.78, for a total value of $3,701,330.34. Following the completion of the sale, the executive vice president now directly owns 35,662 shares in the company, valued at approximately $9,228,612.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider John J. Lupica sold 34,464 shares of the company’s stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $258.92, for a total value of $8,923,418.88. Following the completion of the sale, the insider now owns 130,937 shares of the company’s stock, valued at $33,902,208.04. The disclosure for this sale can be found here. Insiders sold a total of 116,043 shares of company stock worth $29,766,694 in the last quarter. 0.86% of the stock is owned by company insiders.

Chubb Profile

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.