Industrial Alliance Investment Management Inc. Increases Stock Holdings in Chubb Limited (NYSE:CB)

Industrial Alliance Investment Management Inc. boosted its position in Chubb Limited (NYSE:CB) by 3.9% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,683 shares of the financial services provider’s stock after purchasing an additional 174 shares during the period. Chubb comprises 0.5% of Industrial Alliance Investment Management Inc.’s portfolio, making the stock its 21st biggest holding. Industrial Alliance Investment Management Inc.’s holdings in Chubb were worth $1,214,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of CB. Ables Iannone Moore & Associates Inc. purchased a new position in Chubb in the fourth quarter worth about $29,000. Wellington Shields Capital Management LLC bought a new position in shares of Chubb in the first quarter worth about $29,000. Tennessee Valley Asset Management Partners bought a new position in shares of Chubb in the fourth quarter worth about $32,000. Northwest Financial Advisors bought a new position in shares of Chubb in the fourth quarter worth about $33,000. Finally, Naples Money Management LLC bought a new position in shares of Chubb in the fourth quarter worth about $34,000. 83.81% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Chubb

In other news, COO John W. Keogh sold 34,707 shares of Chubb stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $251.98, for a total value of $8,745,469.86. Following the completion of the transaction, the chief operating officer now owns 284,136 shares in the company, valued at approximately $71,596,589.28. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, EVP Peter C. Enns sold 8,200 shares of the business’s stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $266.06, for a total transaction of $2,181,692.00. Following the completion of the transaction, the executive vice president now owns 45,853 shares in the company, valued at approximately $12,199,649.18. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO John W. Keogh sold 34,707 shares of the business’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $251.98, for a total value of $8,745,469.86. Following the transaction, the chief operating officer now owns 284,136 shares of the company’s stock, valued at approximately $71,596,589.28. The disclosure for this sale can be found here. In the last 90 days, insiders sold 47,552 shares of company stock worth $12,149,985. 0.86% of the stock is currently owned by company insiders.

Chubb Price Performance

NYSE CB traded up $4.96 during trading on Tuesday, hitting $276.66. 1,740,924 shares of the stock traded hands, compared to its average volume of 1,647,492. The company has a market capitalization of $112.34 billion, a P/E ratio of 12.28, a price-to-earnings-growth ratio of 5.18 and a beta of 0.66. The firm has a 50-day simple moving average of $262.18 and a 200-day simple moving average of $254.12. The company has a quick ratio of 0.29, a current ratio of 0.36 and a debt-to-equity ratio of 0.21. Chubb Limited has a 12-month low of $198.10 and a 12-month high of $277.91.

Chubb (NYSE:CB) last announced its earnings results on Tuesday, July 23rd. The financial services provider reported $5.38 EPS for the quarter, topping analysts’ consensus estimates of $5.04 by $0.34. The firm had revenue of $13.36 billion during the quarter, compared to analysts’ expectations of $13.04 billion. Chubb had a return on equity of 15.77% and a net margin of 18.14%. The company’s quarterly revenue was up 11.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.92 EPS. As a group, analysts predict that Chubb Limited will post 21.12 EPS for the current year.

Chubb Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 5th. Stockholders of record on Friday, June 14th were issued a $0.91 dividend. This is a boost from Chubb’s previous quarterly dividend of $0.86. The ex-dividend date of this dividend was Friday, June 14th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.32%. Chubb’s payout ratio is 16.16%.

Analysts Set New Price Targets

CB has been the topic of several recent research reports. Keefe, Bruyette & Woods raised their price objective on Chubb from $304.00 to $305.00 and gave the stock an “outperform” rating in a research note on Monday. Bank of America raised their price objective on Chubb from $257.00 to $264.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 24th. JPMorgan Chase & Co. lifted their target price on Chubb from $266.00 to $286.00 and gave the company a “neutral” rating in a research note on Thursday, July 11th. HSBC reissued a “hold” rating and set a $270.00 target price (down previously from $275.00) on shares of Chubb in a research note on Thursday, April 4th. Finally, Evercore ISI lifted their target price on Chubb from $270.00 to $281.00 and gave the company an “outperform” rating in a research note on Thursday, April 11th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $270.79.

About Chubb

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.