FSA Advisors Inc. Invests $4.05 Million in Chubb Limited $CB

FSA Advisors Inc. acquired a new position in Chubb Limited (NYSE:CB) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 12,973 shares of the financial services provider’s stock, valued at approximately $4,049,000.

A number of other hedge funds have also recently made changes to their positions in CB. Cedar Mountain Advisors LLC boosted its stake in shares of Chubb by 155.6% in the third quarter. Cedar Mountain Advisors LLC now owns 92 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 56 shares during the period. KERR FINANCIAL PLANNING Corp bought a new position in shares of Chubb in the third quarter worth about $31,000. Laurel Wealth Advisors LLC bought a new position in shares of Chubb in the fourth quarter worth about $31,000. Ares Financial Consulting LLC bought a new position in Chubb during the fourth quarter valued at approximately $32,000. Finally, Cornerstone Planning Group LLC boosted its stake in Chubb by 81.5% during the third quarter. Cornerstone Planning Group LLC now owns 118 shares of the financial services provider’s stock valued at $33,000 after buying an additional 53 shares during the last quarter. Institutional investors own 83.81% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on CB. Bank of America dropped their price target on Chubb from $286.00 to $271.00 and set an “underperform” rating for the company in a research note on Tuesday, April 14th. The Goldman Sachs Group increased their price target on Chubb from $368.00 to $372.00 and gave the company a “buy” rating in a research note on Tuesday, April 7th. Citizens Jmp increased their price target on Chubb from $350.00 to $365.00 and gave the company a “market outperform” rating in a research note on Wednesday, April 22nd. Evercore increased their price target on Chubb from $347.00 to $349.00 and gave the company an “outperform” rating in a research note on Wednesday, April 22nd. Finally, BMO Capital Markets increased their price target on Chubb from $326.00 to $339.00 and gave the company a “market perform” rating in a research note on Friday, April 24th. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $349.33.

Insider Activity

In other news, CEO Evan G. Greenberg sold 15,060 shares of the firm’s stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $331.47, for a total value of $4,991,938.20. Following the completion of the sale, the chief executive officer directly owned 511,576 shares of the company’s stock, valued at $169,572,096.72. This trade represents a 2.86% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Olivier Steimer sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of $329.30, for a total value of $658,600.00. Following the completion of the sale, the director directly owned 25,468 shares of the company’s stock, valued at $8,386,612.40. The trade was a 7.28% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 44,877 shares of company stock valued at $14,885,226 in the last ninety days. Insiders own 0.37% of the company’s stock.

Chubb Price Performance

Shares of Chubb stock opened at $326.39 on Monday. The firm has a market cap of $126.59 billion, a PE ratio of 11.52, a PEG ratio of 1.67 and a beta of 0.43. Chubb Limited has a 12 month low of $264.10 and a 12 month high of $345.67. The stock has a 50 day moving average of $329.03 and a 200 day moving average of $311.34. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.20.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, March 31st. The financial services provider reported $6.82 earnings per share (EPS) for the quarter. The business had revenue of $14.93 billion during the quarter. Chubb had a return on equity of 14.30% and a net margin of 18.58%. On average, research analysts expect that Chubb Limited will post 26.74 EPS for the current fiscal year.

Chubb Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 6th. Stockholders of record on Friday, March 13th were paid a $0.97 dividend. This represents a $3.88 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Friday, March 13th. Chubb’s dividend payout ratio (DPR) is presently 13.70%.

About Chubb

Chubb is a global property and casualty insurance company that underwrites a broad range of commercial and personal insurance products and related services. Its offerings include commercial property and casualty coverage, specialty liability, professional and management liability, cyber and technology insurance, marine and energy, surety, accident and health solutions, and high-net-worth personal lines such as homeowners, auto and valuables protection. Chubb serves businesses, individuals and institutions with tailored underwriting and risk-transfer solutions across multiple industry sectors.

In addition to core underwriting, Chubb provides risk engineering, loss control, claims management and risk consulting services intended to reduce loss severity and help clients manage exposures.