PFG Investments LLC Takes Position in Chubb Limited (NYSE:CB)

PFG Investments LLC acquired a new stake in shares of Chubb Limited (NYSE:CB) during the first quarter, HoldingsChannel reports. The firm acquired 1,625 shares of the financial services provider’s stock, valued at approximately $421,000.

A number of other institutional investors and hedge funds have also modified their holdings of CB. Avestar Capital LLC bought a new stake in shares of Chubb during the third quarter valued at approximately $228,000. Commonwealth Equity Services LLC grew its position in Chubb by 4.2% in the third quarter. Commonwealth Equity Services LLC now owns 76,125 shares of the financial services provider’s stock valued at $15,848,000 after acquiring an additional 3,068 shares during the period. Toews Corp ADV bought a new stake in Chubb in the third quarter valued at $770,000. Accurate Wealth Management LLC grew its position in Chubb by 0.7% in the third quarter. Accurate Wealth Management LLC now owns 11,206 shares of the financial services provider’s stock valued at $2,422,000 after acquiring an additional 81 shares during the period. Finally, Vicus Capital grew its position in Chubb by 35.9% in the third quarter. Vicus Capital now owns 2,472 shares of the financial services provider’s stock valued at $515,000 after acquiring an additional 653 shares during the period. 83.81% of the stock is currently owned by institutional investors.

Chubb Trading Down 0.2 %

NYSE CB traded down $0.60 on Tuesday, reaching $248.62. The company had a trading volume of 1,862,883 shares, compared to its average volume of 1,755,866. The stock’s 50 day moving average is $252.26 and its 200-day moving average is $236.43. The stock has a market cap of $100.94 billion, a price-to-earnings ratio of 11.04, a PEG ratio of 1.16 and a beta of 0.62. The company has a quick ratio of 0.29, a current ratio of 0.35 and a debt-to-equity ratio of 0.20. Chubb Limited has a 52 week low of $183.71 and a 52 week high of $260.58.

Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, April 23rd. The financial services provider reported $5.41 EPS for the quarter, beating analysts’ consensus estimates of $5.29 by $0.12. The business had revenue of $12.22 billion during 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% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.41 earnings per share. Equities analysts predict that Chubb Limited will post 21.17 earnings per share for the current year.

Chubb Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Friday, March 15th were issued a $0.86 dividend. The ex-dividend date was Thursday, March 14th. This represents a $3.44 dividend on an annualized basis and a yield of 1.38%. Chubb’s dividend payout ratio is presently 15.27%.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. JPMorgan Chase & Co. upped their price target on Chubb from $253.00 to $266.00 and gave the company a “neutral” rating in a research report on Monday, April 8th. Morgan Stanley upped their price target on Chubb from $258.00 to $260.00 and gave the company an “equal weight” rating in a research report on Monday, April 15th. Wells Fargo & Company upped their price target on Chubb from $234.00 to $255.00 and gave the company an “equal weight” rating in a research report on Thursday, February 1st. Evercore ISI boosted their price objective on Chubb from $270.00 to $281.00 and gave the stock an “outperform” rating in a research note on Thursday, April 11th. Finally, JMP Securities reissued a “market outperform” rating and issued a $280.00 price objective on shares of Chubb in a research note on Monday, April 15th. Ten analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Chubb currently has an average rating of “Moderate Buy” and an average target price of $266.89.

Insider Activity at Chubb

In other Chubb news, insider John J. Lupica sold 34,464 shares of the stock in a transaction dated 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 $33,902,208.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Chubb news, EVP Timothy Alan Boroughs sold 14,303 shares of the stock in a transaction dated 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 $9,228,612.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider John J. Lupica sold 34,464 shares of the stock in a transaction dated 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 transaction, 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. Over the last quarter, insiders sold 116,043 shares of company stock worth $29,766,694. 0.86% of the stock is owned by insiders.

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.