Vista Investment Partners II LLC Invests $2.44 Million in Chubb Limited (NYSE:CB)

Vista Investment Partners II LLC purchased a new position in Chubb Limited (NYSE:CB) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 8,838 shares of the financial services provider’s stock, valued at approximately $2,442,000. Chubb accounts for 1.4% of Vista Investment Partners II LLC’s portfolio, making the stock its 27th biggest holding.

A number of other hedge funds also recently made changes to their positions in CB. Continuum Advisory LLC boosted its position in Chubb by 56.5% in the 3rd quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock valued at $28,000 after buying an additional 35 shares during the last quarter. Gordian Capital Singapore Pte Ltd purchased a new stake in Chubb during the 3rd quarter worth approximately $29,000. Raelipskie Partnership purchased a new position in shares of Chubb during the 3rd quarter valued at approximately $29,000. Sierra Ocean LLC acquired a new stake in shares of Chubb during the fourth quarter worth approximately $29,000. Finally, Truvestments Capital LLC bought a new stake in shares of Chubb in the third quarter worth $30,000. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Joseph F. Wayland sold 10,000 shares of the firm’s stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $286.96, for a total transaction of $2,869,600.00. Following the completion of the sale, the executive vice president now directly owns 77,703 shares of the company’s stock, valued at $22,297,652.88. This trade represents a 11.40 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.86% of the stock is currently owned by insiders.

Chubb Stock Up 0.1 %

Shares of Chubb stock opened at $286.52 on Monday. Chubb Limited has a 1-year low of $238.85 and a 1-year high of $302.05. The company has a market capitalization of $114.73 billion, a P/E ratio of 12.61, a PEG ratio of 3.36 and a beta of 0.66. The business’s fifty day moving average price is $272.01 and its two-hundred day moving average price is $280.36. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.25 and a quick ratio of 0.28.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share for the quarter, topping the consensus estimate of $5.33 by $0.69. Chubb had a net margin of 16.63% and a return on equity of 13.75%. As a group, research analysts forecast that Chubb Limited will post 21.52 EPS for the current year.

Chubb Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 14th will be issued a dividend of $0.91 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $3.64 annualized dividend and a yield of 1.27%. Chubb’s payout ratio is 16.02%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on CB. JMP Securities reissued a “market outperform” rating and set a $325.00 price objective on shares of Chubb in a report on Wednesday, January 29th. HSBC upgraded Chubb from a “hold” rating to a “buy” rating and set a $323.00 price target for the company in a research note on Wednesday, March 5th. Keefe, Bruyette & Woods upped their price objective on Chubb from $328.00 to $329.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Hsbc Global Res upgraded Chubb from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 5th. Finally, JPMorgan Chase & Co. upped their price target on Chubb from $296.00 to $300.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $299.27.

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.