Legacy Financial Advisors Inc. Has $560,000 Stake in Chubb Limited (NYSE:CB)

Legacy Financial Advisors Inc. boosted its position in Chubb Limited (NYSE:CB) by 5.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,477 shares of the financial services provider’s stock after purchasing an additional 128 shares during the period. Legacy Financial Advisors Inc.’s holdings in Chubb were worth $560,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of CB. Wellington Management Group LLP lifted its holdings in shares of Chubb by 0.8% during the third quarter. Wellington Management Group LLP now owns 18,522,413 shares of the financial services provider’s stock worth $3,855,996,000 after purchasing an additional 138,142 shares during the period. Deutsche Bank AG increased its stake in shares of Chubb by 426.8% in the third quarter. Deutsche Bank AG now owns 16,119,520 shares of the financial services provider’s stock valued at $3,355,762,000 after buying an additional 13,059,385 shares during the period. Northern Trust Corp lifted its stake in shares of Chubb by 2.3% in the third quarter. Northern Trust Corp now owns 4,221,419 shares of the financial services provider’s stock worth $878,815,000 after acquiring an additional 93,885 shares during the period. Raymond James & Associates increased its position in Chubb by 2.6% during the 4th quarter. Raymond James & Associates now owns 3,103,101 shares of the financial services provider’s stock valued at $701,301,000 after purchasing an additional 77,453 shares during the period. Finally, Boston Partners raised its holdings in Chubb by 6.4% during the 3rd quarter. Boston Partners now owns 2,850,197 shares of the financial services provider’s stock worth $594,006,000 after purchasing an additional 170,774 shares during the last quarter. 83.81% of the stock is currently owned by institutional investors.

Insider Activity at Chubb

In other news, insider John J. Lupica sold 34,464 shares of Chubb stock in a transaction on 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 transaction, the insider now directly owns 130,937 shares in the company, valued at $33,902,208.04. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, EVP Joseph F. Wayland sold 26,946 shares of the stock in a transaction on Friday, March 15th. The stock was sold at an average price of $257.02, for a total value of $6,925,660.92. Following the sale, the executive vice president now owns 95,252 shares in the company, valued at $24,481,669.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider John J. Lupica sold 34,464 shares of the business’s 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. In the last ninety days, insiders sold 108,863 shares of company stock worth $28,007,307. Corporate insiders own 0.86% of the company’s stock.

Chubb Stock Performance

Shares of Chubb stock traded down $1.71 on Friday, reaching $248.54. 1,444,710 shares of the company traded hands, compared to its average volume of 1,737,362. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.29 and a quick ratio of 0.29. The firm has a market capitalization of $100.92 billion, a PE ratio of 11.03, a PEG ratio of 1.18 and a beta of 0.63. The company has a 50 day moving average of $251.96 and a 200 day moving average of $236.86. Chubb Limited has a 52 week low of $183.71 and a 52 week high of $260.58.

Chubb (NYSE:CB) last released its earnings results on Tuesday, April 23rd. The financial services provider reported $5.41 earnings per share (EPS) for the quarter, topping 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 business’s revenue for the quarter was up 14.1% on a year-over-year basis. During the same period last year, the business posted $4.41 earnings per share. Equities analysts forecast that Chubb Limited will post 21.18 earnings per share for the current year.

Chubb Announces Dividend

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

Analyst Ratings Changes

CB has been the subject of a number of analyst reports. UBS Group lifted their target price on shares of Chubb from $245.00 to $256.00 and gave the stock a “neutral” rating in a research note on Monday, February 5th. StockNews.com lowered Chubb from a “buy” rating to a “hold” rating in a research report on Wednesday, April 24th. The Goldman Sachs Group lifted their target price on Chubb from $228.00 to $254.00 and gave the stock a “neutral” rating in a report on Friday, April 12th. BMO Capital Markets increased their price target on Chubb from $220.00 to $240.00 and gave the stock a “market perform” rating in a report on Monday, February 5th. Finally, Citigroup restated a “neutral” rating and issued a $275.00 price target (up from $238.00) on shares of Chubb in a report on Thursday, March 14th. Ten equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $266.89.

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.