Chubb Limited $CB Stake Raised by Global Retirement Partners LLC

Global Retirement Partners LLC increased its holdings in Chubb Limited (NYSE:CB) by 93.1% in the 4th quarter, Holdings Channel reports. The fund owned 14,604 shares of the financial services provider’s stock after purchasing an additional 7,040 shares during the period. Global Retirement Partners LLC’s holdings in Chubb were worth $4,558,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CB. Brighton Jones LLC raised its stake in shares of Chubb by 12.8% during the 4th quarter. Brighton Jones LLC now owns 1,945 shares of the financial services provider’s stock worth $537,000 after purchasing an additional 221 shares in the last quarter. Revolve Wealth Partners LLC purchased a new stake in shares of Chubb during the 4th quarter worth about $205,000. Woodline Partners LP raised its stake in shares of Chubb by 13.0% during the 1st quarter. Woodline Partners LP now owns 12,599 shares of the financial services provider’s stock worth $3,805,000 after purchasing an additional 1,449 shares in the last quarter. Sivia Capital Partners LLC raised its stake in shares of Chubb by 14.4% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,392 shares of the financial services provider’s stock worth $403,000 after purchasing an additional 175 shares in the last quarter. Finally, Sei Investments Co. raised its stake in shares of Chubb by 9.3% during the 2nd quarter. Sei Investments Co. now owns 201,226 shares of the financial services provider’s stock worth $58,305,000 after purchasing an additional 17,155 shares in the last quarter. 83.81% of the stock is owned by hedge funds and other institutional investors.

Chubb Stock Up 0.5%

Shares of CB stock opened at $330.08 on Friday. The stock’s 50 day simple moving average is $326.38 and its 200 day simple moving average is $315.73. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.28 and a current ratio of 0.28. Chubb Limited has a twelve month low of $264.10 and a twelve month high of $345.67. The company has a market capitalization of $128.03 billion, a price-to-earnings ratio of 11.66, a PEG ratio of 1.68 and a beta of 0.43.

Chubb (NYSE:CB) last issued its quarterly earnings data on Tuesday, March 31st. The financial services provider reported $6.82 earnings per share for the quarter. The business had revenue of $14.93 billion for the quarter. Chubb had a return on equity of 14.30% and a net margin of 18.58%. As a group, research analysts predict that Chubb Limited will post 26.78 EPS for the current year.

Chubb Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 6th. Shareholders of record on Friday, March 13th were issued a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Friday, March 13th. Chubb’s dividend payout ratio is 13.70%.

Analyst Ratings Changes

A number of research firms have recently weighed in on CB. Bank of America cut 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. Citigroup raised their price target on Chubb from $335.00 to $385.00 and gave the stock a “buy” rating in a research note on Monday, February 9th. Roth Mkm raised their price target on Chubb from $330.00 to $360.00 and gave the stock a “buy” rating in a research note on Wednesday, February 4th. Keefe, Bruyette & Woods raised their price target on Chubb from $373.00 to $374.00 and gave the stock an “outperform” rating in a research note on Thursday, April 23rd. Finally, Wells Fargo & Company raised their price target on Chubb from $321.00 to $333.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 23rd. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $349.33.

Insider Transactions at Chubb

In other Chubb news, Director Olivier Steimer sold 2,000 shares of the company’s stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of $329.30, for a total transaction of $658,600.00. Following the completion of the sale, the director directly owned 25,468 shares in the company, valued at $8,386,612.40. This represents a 7.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.37% of the stock is owned by company insiders.

Chubb Profile

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.