SRS Capital Advisors Inc. Grows Position in Chubb Limited (NYSE:CB)

SRS Capital Advisors Inc. boosted its position in shares of Chubb Limited (NYSE:CB) by 37.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,143 shares of the financial services provider’s stock after purchasing an additional 579 shares during the period. SRS Capital Advisors Inc.’s holdings in Chubb were worth $484,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. ZRC Wealth Management LLC bought a new position in shares of Chubb in the fourth quarter worth about $29,000. Tennessee Valley Asset Management Partners bought a new stake in shares of Chubb during the fourth quarter valued at approximately $32,000. Naples Money Management LLC purchased a new stake in shares of Chubb in the fourth quarter valued at approximately $34,000. Bell Investment Advisors Inc grew its stake in Chubb by 39.6% in the third quarter. Bell Investment Advisors Inc now owns 208 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 59 shares in the last quarter. Finally, Addison Advisors LLC increased its holdings in Chubb by 87.0% during the 4th quarter. Addison Advisors LLC now owns 215 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 100 shares during the period. 83.81% of the stock is owned by hedge funds and other institutional investors.

Chubb Price Performance

Shares of CB traded down $1.74 during trading hours on Friday, hitting $248.51. 1,444,703 shares of the stock were exchanged, compared to its average volume of 1,743,355. The stock’s 50-day moving average price is $252.11 and its two-hundred day moving average price is $236.62. Chubb Limited has a 12-month low of $183.71 and a 12-month high of $260.58. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.29 and a current ratio of 0.29. The company has a market cap of $100.91 billion, a price-to-earnings ratio of 11.03, a price-to-earnings-growth ratio of 1.18 and a beta of 0.63.

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 the consensus estimate of $5.29 by $0.12. The company had revenue of $12.22 billion during the quarter, compared to analysts’ expectations of $11.75 billion. Chubb had a net margin of 17.99% and a return on equity of 16.29%. Chubb’s revenue was up 14.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $4.41 EPS. Research analysts expect that Chubb Limited will post 21.18 earnings per share for the current year.

Chubb Dividend Announcement

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

Analyst Ratings Changes

Several brokerages have issued reports on CB. Royal Bank of Canada dropped their target price on shares of Chubb from $295.00 to $285.00 and set an “outperform” rating on the stock in a report on Thursday, April 25th. JMP Securities restated a “market outperform” rating and set a $280.00 price target on shares of Chubb in a research note on Monday, April 15th. Evercore ISI increased their price objective on shares of Chubb from $270.00 to $281.00 and gave the company an “outperform” rating in a research report on Thursday, April 11th. JPMorgan Chase & Co. lifted 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. Finally, Raymond James upped their price target on shares of Chubb from $270.00 to $285.00 and gave the company a “strong-buy” rating in a research note on Thursday, February 1st. Ten equities 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’s stock. According to MarketBeat.com, Chubb presently has an average rating of “Moderate Buy” and an average price target of $266.89.

Insider Transactions at Chubb

In other news, EVP Timothy Alan Boroughs sold 14,303 shares of the business’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 value of $3,701,330.34. Following the sale, the executive vice president now directly owns 35,662 shares of the company’s stock, valued at approximately $9,228,612.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, EVP Timothy Alan Boroughs sold 14,303 shares of the business’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 sale, the executive vice president now owns 35,662 shares in the company, valued at approximately $9,228,612.36. The transaction 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 firm’s stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $258.92, for a total transaction of $8,923,418.88. Following the completion of the transaction, the insider now directly owns 130,937 shares of the company’s stock, valued at approximately $33,902,208.04. The disclosure for this sale can be found here. In the last ninety days, insiders sold 108,863 shares of company stock worth $28,007,307. 0.86% of the stock is currently 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.