Benjamin F. Edwards & Company Inc. Increases Position in Chubb Limited (NYSE:CB)

Benjamin F. Edwards & Company Inc. boosted its position in Chubb Limited (NYSE:CB) by 396.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 40,415 shares of the financial services provider’s stock after purchasing an additional 32,268 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in Chubb were worth $9,133,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of CB. Deutsche Bank AG lifted its position in shares of Chubb by 426.8% during the third quarter. Deutsche Bank AG now owns 16,119,520 shares of the financial services provider’s stock worth $3,355,762,000 after acquiring an additional 13,059,385 shares in the last quarter. Lazard Asset Management LLC lifted its position in shares of Chubb by 978.1% during the third quarter. Lazard Asset Management LLC now owns 546,556 shares of the financial services provider’s stock worth $113,781,000 after acquiring an additional 495,860 shares in the last quarter. International Assets Investment Management LLC lifted its position in shares of Chubb by 19,454.2% during the fourth quarter. International Assets Investment Management LLC now owns 485,336 shares of the financial services provider’s stock worth $1,096,860,000 after acquiring an additional 482,854 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in shares of Chubb by 43.4% during the third quarter. Envestnet Asset Management Inc. now owns 1,107,362 shares of the financial services provider’s stock worth $230,531,000 after acquiring an additional 334,970 shares in the last quarter. Finally, Alphinity Investment Management Pty Ltd lifted its position in shares of Chubb by 155.8% during the fourth quarter. Alphinity Investment Management Pty Ltd now owns 532,015 shares of the financial services provider’s stock worth $120,235,000 after acquiring an additional 324,019 shares in the last quarter. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Chubb Trading Down 0.7 %

Shares of NYSE:CB traded down $1.74 on Friday, reaching $248.51. 1,444,703 shares of the company traded hands, compared to its average volume of 1,743,355. The business’s 50-day simple moving average is $252.11 and its 200 day simple moving average is $236.62. Chubb Limited has a 52 week low of $183.71 and a 52 week high of $260.58. The stock has a market capitalization of $100.91 billion, a P/E ratio of 11.03, a price-to-earnings-growth ratio of 1.18 and a beta of 0.63. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.21.

Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, April 23rd. The financial services provider reported $5.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.29 by $0.12. Chubb had a return on equity of 16.29% and a net margin of 17.99%. The firm had revenue of $12.22 billion for the quarter, compared to analysts’ expectations of $11.75 billion. During the same period last year, the firm earned $4.41 earnings per share. The company’s revenue for the quarter was up 14.1% compared to the same quarter last year. As a group, equities analysts anticipate that Chubb Limited will post 21.18 EPS for the current fiscal year.

Chubb Dividend Announcement

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

Insider Activity

In other news, EVP Joseph F. Wayland sold 26,946 shares of the stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $257.02, for a total transaction of $6,925,660.92. Following the completion of the sale, the executive vice president now directly owns 95,252 shares in the company, valued at $24,481,669.04. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, EVP Timothy Alan Boroughs sold 33,150 shares of the stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $255.11, for a total transaction of $8,456,896.50. Following the completion of the sale, the executive vice president now directly owns 50,486 shares in the company, valued at $12,879,483.46. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Joseph F. Wayland sold 26,946 shares of the stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $257.02, for a total transaction of $6,925,660.92. Following the sale, the executive vice president now owns 95,252 shares of the company’s stock, valued at $24,481,669.04. The disclosure for this sale can be found here. Over the last three months, insiders have sold 108,863 shares of company stock valued at $28,007,307. 0.86% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

CB has been the topic of several recent research reports. UBS Group increased their target price on Chubb from $245.00 to $256.00 and gave the stock a “neutral” rating in a research report on Monday, February 5th. TD Cowen started coverage on shares of Chubb in a report on Wednesday, January 10th. They issued a “market perform” rating and a $254.00 price target on the stock. BMO Capital Markets upped their price target on shares of Chubb from $220.00 to $240.00 and gave the stock a “market perform” rating in a report on Monday, February 5th. Wells Fargo & Company upped their price target on shares of Chubb from $234.00 to $255.00 and gave the stock an “equal weight” rating in a report on Thursday, February 1st. Finally, Morgan Stanley upped their price target on shares of Chubb from $258.00 to $260.00 and gave the stock an “equal weight” rating in a report on Monday, April 15th. Ten research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $266.89.

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.