Golden State Equity Partners Has $543,000 Stock Holdings in Chubb Limited (NYSE:CB)

Golden State Equity Partners increased its holdings in shares of Chubb Limited (NYSE:CB) by 30.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 2,404 shares of the financial services provider’s stock after purchasing an additional 562 shares during the period. Golden State Equity Partners’ holdings in Chubb were worth $543,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. ZRC Wealth Management LLC bought a new position in Chubb during the fourth quarter valued at about $29,000. Tennessee Valley Asset Management Partners bought a new position in Chubb during the fourth quarter valued at about $32,000. Naples Money Management LLC bought a new position in Chubb during the fourth quarter valued at about $34,000. Bell Investment Advisors Inc increased its stake in Chubb by 39.6% during the third quarter. Bell Investment Advisors Inc now owns 208 shares of the financial services provider’s stock valued at $43,000 after acquiring an additional 59 shares during the period. Finally, Fortitude Family Office LLC bought a new position in Chubb during the fourth quarter valued at about $59,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. StockNews.com lowered Chubb from a “buy” rating to a “hold” rating in a research note on Wednesday. JPMorgan Chase & Co. upped their price objective on Chubb from $253.00 to $266.00 and gave the company a “neutral” rating in a research note on Monday, April 8th. The Goldman Sachs Group upped their price objective on Chubb from $228.00 to $254.00 and gave the company a “neutral” rating in a research note on Friday, April 12th. JMP Securities reiterated a “market outperform” rating and issued a $280.00 price objective on shares of Chubb in a research note on Monday, April 15th. Finally, Roth Mkm reiterated a “buy” rating and issued a $280.00 price objective on shares of Chubb in a research note on Wednesday. Ten analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $266.89.

Chubb Trading Down 0.2 %

Chubb stock traded down $0.51 during mid-day trading on Friday, hitting $245.45. 1,565,900 shares of the company’s stock were exchanged, compared to its average volume of 1,523,435. The firm has a market capitalization of $99.65 billion, a P/E ratio of 10.89, a PEG ratio of 1.16 and a beta of 0.62. Chubb Limited has a fifty-two week low of $183.71 and a fifty-two week high of $260.58. The company has a quick ratio of 0.29, a current ratio of 0.35 and a debt-to-equity ratio of 0.20. The company’s 50 day simple moving average is $252.33 and its 200-day simple moving average is $235.52.

Chubb (NYSE:CB) last issued its quarterly earnings data on Tuesday, April 23rd. The financial services provider reported $5.41 EPS for the quarter, topping the consensus estimate of $5.29 by $0.12. The business had revenue of $12.22 billion for the quarter, compared to the consensus estimate of $11.75 billion. Chubb had a return on equity of 16.29% and a net margin of 17.99%. The firm’s revenue was up 14.1% compared to the same quarter last year. During the same quarter last year, the business posted $4.41 EPS. On average, equities analysts anticipate that Chubb Limited will post 21.23 earnings per share for the current 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 $0.86 dividend. This represents a $3.44 annualized dividend and a dividend yield of 1.40%. The ex-dividend date of this dividend was Thursday, March 14th. Chubb’s payout ratio is 15.27%.

Insider Activity

In other news, CAO Annmarie T. Hagan sold 7,180 shares of the firm’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $245.04, for a total value of $1,759,387.20. Following the completion of the transaction, the chief accounting officer now owns 6,105 shares in the company, valued at approximately $1,495,969.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Chubb news, EVP Timothy Alan Boroughs sold 14,303 shares of the firm’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $258.78, for a total transaction 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 $9,228,612.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Annmarie T. Hagan sold 7,180 shares of Chubb stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $245.04, for a total transaction of $1,759,387.20. Following the completion of the sale, the chief accounting officer now owns 6,105 shares of the company’s stock, valued at $1,495,969.20. The disclosure for this sale can be found here. Insiders sold 116,043 shares of company stock worth $29,766,694 in the last quarter. Corporate insiders own 0.86% of the company’s stock.

Chubb Company 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.