Wright Investors Service Inc. Boosts Holdings in Chubb Limited (NYSE:CB)

Wright Investors Service Inc. increased its holdings in Chubb Limited (NYSE:CB) by 66.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,406 shares of the financial services provider’s stock after buying an additional 3,768 shares during the quarter. Wright Investors Service Inc.’s holdings in Chubb were worth $2,126,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. ICA Group Wealth Management LLC purchased a new position in shares of Chubb in the fourth quarter worth approximately $25,000. BOK Financial Private Wealth Inc. purchased a new position in Chubb during the third quarter valued at approximately $28,000. IMA Wealth Inc. lifted its holdings in Chubb by 275.7% during the second quarter. IMA Wealth Inc. now owns 139 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 102 shares in the last quarter. ZRC Wealth Management LLC purchased a new position in Chubb during the fourth quarter valued at approximately $29,000. Finally, Tennessee Valley Asset Management Partners purchased a new position in Chubb during the fourth quarter valued at approximately $32,000. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Insider Activity

In related news, CAO Annmarie T. Hagan sold 7,180 shares of the company’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $245.04, for a total value of $1,759,387.20. Following the completion of the sale, the chief accounting officer now directly owns 6,105 shares of the company’s stock, valued at $1,495,969.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, EVP Timothy Alan Boroughs sold 33,150 shares of the company’s 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 transaction, the executive vice president now owns 50,486 shares in the company, valued at $12,879,483.46. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Annmarie T. Hagan sold 7,180 shares of the company’s stock in a transaction dated 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 transaction, the chief accounting officer now owns 6,105 shares in the company, valued at approximately $1,495,969.20. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 116,043 shares of company stock valued at $29,766,694. 0.86% of the stock is currently owned by company insiders.

Chubb Price Performance

CB traded up $1.44 during trading hours on Thursday, hitting $244.97. The company’s stock had a trading volume of 467,638 shares, compared to its average volume of 1,700,211. The business’s 50-day moving average price is $252.43 and its 200-day moving average price is $233.80. Chubb Limited has a 12 month low of $183.71 and a 12 month high of $260.58. The stock has a market cap of $99.46 billion, a price-to-earnings ratio of 11.15, a P/E/G ratio of 1.16 and a beta of 0.62. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.20.

Chubb (NYSE:CB) last announced its quarterly earnings results on Tuesday, January 30th. The financial services provider reported $8.30 earnings per share for the quarter, topping the consensus estimate of $5.07 by $3.23. Chubb had a net margin of 18.11% and a return on equity of 16.45%. The company had revenue of $13.38 billion for the quarter, compared to analysts’ expectations of $12.88 billion. Sell-side analysts expect that Chubb Limited will post 21.13 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Friday, March 15th were given a dividend of $0.86 per share. This represents a $3.44 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date was Thursday, March 14th. Chubb’s dividend payout ratio (DPR) is 15.76%.

Analyst Ratings Changes

Several brokerages have weighed in on CB. Roth Mkm lifted their price target on shares of Chubb from $260.00 to $280.00 and gave the company a “buy” rating in a report on Wednesday, January 31st. Raymond James lifted their price target on shares of Chubb from $270.00 to $285.00 and gave the company a “strong-buy” rating in a report on Thursday, February 1st. The Goldman Sachs Group lifted their price target on shares of Chubb from $228.00 to $254.00 and gave the company a “neutral” rating in a report on Friday, April 12th. Wells Fargo & Company lifted their price objective on shares of Chubb from $234.00 to $255.00 and gave the company an “equal weight” rating in a research report on Thursday, February 1st. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Chubb from $275.00 to $297.00 and gave the company an “outperform” rating in a research report on Wednesday, April 10th. Nine research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $266.37.

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.