Hartline Investment Corp Invests $208,000 in Chubb Limited (NYSE:CB)

Hartline Investment Corp bought a new position in Chubb Limited (NYSE:CB) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 922 shares of the financial services provider’s stock, valued at approximately $208,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Wellington Management Group LLP raised its holdings in Chubb by 0.8% during the third quarter. Wellington Management Group LLP now owns 18,522,413 shares of the financial services provider’s stock valued at $3,855,996,000 after buying an additional 138,142 shares in the last quarter. Deutsche Bank AG boosted its holdings in Chubb by 426.8% during the third quarter. Deutsche Bank AG now owns 16,119,520 shares of the financial services provider’s stock valued at $3,355,762,000 after purchasing an additional 13,059,385 shares in the last quarter. Northern Trust Corp raised its stake in shares of Chubb by 2.3% in the third quarter. Northern Trust Corp now owns 4,221,419 shares of the financial services provider’s stock valued at $878,815,000 after acquiring an additional 93,885 shares during the last quarter. Raymond James & Associates raised its position in Chubb by 2.6% in the 4th quarter. Raymond James & Associates now owns 3,103,101 shares of the financial services provider’s stock worth $701,301,000 after purchasing an additional 77,453 shares during the last quarter. Finally, Boston Partners raised its position in shares of Chubb by 6.4% during the 3rd quarter. Boston Partners now owns 2,850,197 shares of the financial services provider’s stock valued at $594,006,000 after acquiring an additional 170,774 shares during the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Insider Activity

In other Chubb news, CAO Annmarie T. Hagan sold 7,180 shares of the business’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $245.04, for a total value of $1,759,387.20. Following the transaction, the chief accounting officer now directly owns 6,105 shares in the company, valued at $1,495,969.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Chubb news, CAO Annmarie T. Hagan sold 7,180 shares of the stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $245.04, for a total value of $1,759,387.20. Following the sale, the chief accounting officer now directly owns 6,105 shares in the company, valued at approximately $1,495,969.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Timothy Alan Boroughs sold 14,303 shares of the stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $258.78, for a total transaction of $3,701,330.34. Following the completion of the transaction, the executive vice president now directly owns 35,662 shares in the company, valued at approximately $9,228,612.36. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 116,043 shares of company stock worth $29,766,694. Company insiders own 0.86% of the company’s stock.

Chubb Stock Performance

Shares of NYSE:CB traded down $6.87 on Wednesday, reaching $243.01. 3,184,853 shares of the company’s stock were exchanged, compared to its average volume of 1,748,423. The company has a fifty day moving average of $252.64 and a 200-day moving average of $235.15. Chubb Limited has a twelve month low of $183.71 and a twelve month high of $260.58. The company has a market capitalization of $98.66 billion, a price-to-earnings ratio of 11.01, a PEG ratio of 1.18 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.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, April 23rd. The financial services provider reported $5.41 EPS for the quarter, topping analysts’ consensus estimates of $5.29 by $0.12. The company had revenue of $12.22 billion for the quarter, compared to analyst estimates of $11.75 billion. Chubb had a net margin of 18.11% and a return on equity of 16.45%. Chubb’s revenue was up 14.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.41 earnings per share. On average, research analysts predict that Chubb Limited will post 21.32 EPS for the current fiscal year.

Chubb Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Friday, March 15th were issued a dividend of $0.86 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $3.44 annualized dividend and a dividend yield of 1.42%. Chubb’s dividend payout ratio is currently 15.76%.

Analyst Ratings Changes

Several brokerages have commented on CB. Wells Fargo & Company upped their target price on shares of Chubb from $234.00 to $255.00 and gave the company an “equal weight” rating in a research report on Thursday, February 1st. JPMorgan Chase & Co. upped their target price on shares of Chubb from $253.00 to $266.00 and gave the stock a “neutral” rating in a research note on Monday, April 8th. The Goldman Sachs Group upped their target price on shares of Chubb from $228.00 to $254.00 and gave the stock a “neutral” rating in a research note on Friday, April 12th. Keefe, Bruyette & Woods upped their target price on shares of Chubb from $275.00 to $297.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 10th. Finally, Royal Bank of Canada upped their target price on shares of Chubb from $255.00 to $275.00 and gave the stock an “outperform” rating in a research note on Thursday, February 1st. Nine equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $266.37.

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.