Investment Research & Advisory Group Inc. Purchases 169 Shares of Chubb Limited (NYSE:CB)

Investment Research & Advisory Group Inc. increased its position in shares of Chubb Limited (NYSE:CB) by 1.3% in the first quarter, Holdings Channel.com reports. The institutional investor owned 13,572 shares of the financial services provider’s stock after buying an additional 169 shares during the period. Chubb makes up 1.6% of Investment Research & Advisory Group Inc.’s holdings, making the stock its 19th biggest holding. Investment Research & Advisory Group Inc.’s holdings in Chubb were worth $3,517,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of CB. ZRC Wealth Management LLC bought a new stake in Chubb in the fourth quarter valued at $29,000. Ables Iannone Moore & Associates Inc. bought a new stake in Chubb in the fourth quarter valued at $29,000. Tennessee Valley Asset Management Partners bought a new stake in Chubb in the fourth quarter valued at $32,000. Northwest Financial Advisors bought a new stake in Chubb in the fourth quarter valued at $33,000. Finally, Naples Money Management LLC bought a new stake in Chubb in the fourth quarter valued at $34,000. Institutional investors own 83.81% of the company’s stock.

Insider Buying and Selling at Chubb

In other Chubb news, Director Michael G. Atieh sold 716 shares of the business’s stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $269.70, for a total value of $193,105.20. Following the transaction, the director now directly owns 39,295 shares in the company, valued at $10,597,861.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, Director Michael G. Atieh sold 716 shares of the business’s stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $269.70, for a total value of $193,105.20. Following the sale, the director now owns 39,295 shares of the company’s stock, valued at $10,597,861.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Juan Luis Ortega sold 2,400 shares of the business’s stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $260.98, for a total transaction of $626,352.00. Following the completion of the sale, the executive vice president now directly owns 44,632 shares in the company, valued at approximately $11,648,059.36. The disclosure for this sale can be found here. Insiders have sold a total of 47,552 shares of company stock worth $12,149,985 over the last three months. 0.86% of the stock is currently owned by insiders.

Chubb Stock Down 2.7 %

Chubb stock traded down $6.95 during midday trading on Friday, hitting $255.08. 2,794,049 shares of the stock were exchanged, compared to its average volume of 1,375,378. Chubb Limited has a 52-week low of $183.71 and a 52-week high of $275.41. The stock has a market capitalization of $103.58 billion, a price-to-earnings ratio of 11.32, a price-to-earnings-growth ratio of 6.29 and a beta of 0.66. The business’s 50-day moving average price is $259.30 and its 200-day moving average price is $248.63. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.21.

Chubb (NYSE:CB) last released its earnings results on Tuesday, April 23rd. The financial services provider reported $5.41 earnings per share for the quarter, beating analysts’ consensus estimates of $5.29 by $0.12. The firm had revenue of $12.22 billion for 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%. The company’s quarterly revenue was up 14.1% on a year-over-year basis. During the same period in the previous year, the company earned $4.41 earnings per share. On average, research analysts expect that Chubb Limited will post 21.15 EPS for the current fiscal year.

Chubb Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 5th. Shareholders of record on Friday, June 14th will be paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 1.43%. This is a boost from Chubb’s previous quarterly dividend of $0.86. The ex-dividend date of this dividend is Friday, June 14th. Chubb’s payout ratio is presently 16.16%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on CB shares. 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 research note on Friday, April 12th. JMP Securities reiterated a “market outperform” rating and set a $280.00 price objective on shares of Chubb in a report on Monday, April 15th. Royal Bank of Canada reiterated an “outperform” rating and set a $285.00 price objective on shares of Chubb in a report on Friday. Citigroup reiterated a “neutral” rating and set a $275.00 price objective (up from $238.00) on shares of Chubb in a report on Thursday, March 14th. Finally, HSBC reiterated a “hold” rating and set a $270.00 price objective (down from $275.00) on shares of Chubb in a report on Thursday, April 4th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $266.70.

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.