Sfmg LLC Has $346,000 Position in Chubb Limited (NYSE:CB)

Sfmg LLC lifted its stake in shares of Chubb Limited (NYSE:CB) by 3.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,533 shares of the financial services provider’s stock after buying an additional 45 shares during the quarter. Sfmg LLC’s holdings in Chubb were worth $346,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Scissortail Wealth Management LLC acquired a new stake in shares of Chubb during the 4th quarter worth about $8,061,000. Tyche Wealth Partners LLC acquired a new stake in shares of Chubb during the 4th quarter worth about $809,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Chubb by 4.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 155,492 shares of the financial services provider’s stock worth $35,141,000 after buying an additional 6,170 shares during the last quarter. Everence Capital Management Inc. lifted its stake in shares of Chubb by 19.1% during the 4th quarter. Everence Capital Management Inc. now owns 10,550 shares of the financial services provider’s stock worth $2,384,000 after buying an additional 1,690 shares during the last quarter. Finally, Desjardins Global Asset Management Inc. lifted its stake in shares of Chubb by 6.7% during the 4th quarter. Desjardins Global Asset Management Inc. now owns 7,887 shares of the financial services provider’s stock worth $1,782,000 after buying an additional 498 shares during the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on CB shares. Royal Bank of Canada raised 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. Citigroup reaffirmed a “neutral” rating and set a $275.00 price target (up from $238.00) on shares of Chubb in a research report on Thursday, March 14th. Morgan Stanley raised their price target on shares of Chubb from $258.00 to $260.00 and gave the stock an “equal weight” rating in a research report on Monday. Keefe, Bruyette & Woods raised their price target on shares of Chubb from $275.00 to $297.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 10th. Finally, JMP Securities reissued a “market outperform” rating and issued a $280.00 target price on shares of Chubb in a report on Monday. Nine equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $266.37.

Chubb Stock Down 0.7 %

Shares of NYSE CB opened at $243.46 on Thursday. The company’s 50 day moving average price is $252.43 and its 200-day moving average price is $233.80. The company has a market capitalization of $98.84 billion, a P/E ratio of 11.15, a price-to-earnings-growth ratio of 1.16 and a beta of 0.62. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.29 and a current ratio of 0.29. 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, January 30th. The financial services provider reported $8.30 earnings per share for the quarter, beating the consensus estimate of $5.07 by $3.23. The company had revenue of $13.38 billion during the quarter, compared to analyst estimates of $12.88 billion. Chubb had a net margin of 18.11% and a return on equity of 16.45%. Equities analysts forecast that Chubb Limited will post 21.13 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 paid a $0.86 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $3.44 annualized dividend and a dividend yield of 1.41%. Chubb’s dividend payout ratio is currently 15.76%.

Insider Activity

In other news, insider John J. Lupica sold 34,464 shares of Chubb stock in a transaction on Tuesday, March 19th. The shares were 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 owns 130,937 shares in the company, valued at approximately $33,902,208.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Chubb news, CAO Annmarie T. Hagan sold 7,180 shares of the business’s stock in a transaction 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 in the company, valued at approximately $1,495,969.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider John J. Lupica sold 34,464 shares of the business’s stock in a transaction 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 sale, the insider now 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. Insiders sold 116,043 shares of company stock worth $29,766,694 in the last quarter. 0.86% of the stock is owned by corporate 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.