Sandy Spring Bank Raises Stock Holdings in Chubb Limited (NYSE:CB)

Sandy Spring Bank lifted its holdings in Chubb Limited (NYSE:CB) by 27.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 522 shares of the financial services provider’s stock after buying an additional 113 shares during the quarter. Sandy Spring Bank’s holdings in Chubb were worth $144,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Continuum Advisory LLC raised its holdings in shares of Chubb by 56.5% in the third quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock worth $28,000 after buying an additional 35 shares during the period. Gordian Capital Singapore Pte Ltd purchased a new stake in shares of Chubb in the third quarter worth approximately $29,000. Raelipskie Partnership purchased a new stake in shares of Chubb in the third quarter worth approximately $29,000. Sierra Ocean LLC purchased a new stake in shares of Chubb in the fourth quarter worth approximately $29,000. Finally, Truvestments Capital LLC purchased a new position in Chubb during the 3rd quarter worth $30,000. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Chubb

In other Chubb news, CEO Evan G. Greenberg sold 25,728 shares of Chubb stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $291.45, for a total transaction of $7,498,425.60. Following the completion of the sale, the chief executive officer now owns 584,395 shares of the company’s stock, valued at approximately $170,321,922.75. The trade was a 4.22 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Timothy Alan Boroughs sold 14,748 shares of Chubb stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $296.12, for a total value of $4,367,177.76. Following the sale, the executive vice president now directly owns 29,194 shares of the company’s stock, valued at approximately $8,644,927.28. This represents a 33.56 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 63,470 shares of company stock valued at $18,562,730 in the last quarter. 0.86% of the stock is currently owned by corporate insiders.

Chubb Stock Down 1.0 %

Chubb stock opened at $291.08 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.25 and a quick ratio of 0.28. The stock has a market capitalization of $116.55 billion, a price-to-earnings ratio of 12.81, a PEG ratio of 3.36 and a beta of 0.66. Chubb Limited has a 1-year low of $238.85 and a 1-year high of $302.05. The business has a fifty day moving average price of $276.57 and a 200-day moving average price of $281.30.

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 analysts’ consensus estimates of $5.33 by $0.69. Chubb had a return on equity of 13.75% and a net margin of 16.63%. Equities research analysts forecast that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 14th will be given a $0.91 dividend. The ex-dividend date is Friday, March 14th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.25%. Chubb’s payout ratio is 16.02%.

Analysts Set New Price Targets

Several research analysts have commented on the company. Hsbc Global Res upgraded Chubb from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 5th. Barclays reduced their price objective on Chubb from $349.00 to $324.00 and set an “overweight” rating on the stock in a report on Monday, January 6th. HSBC upgraded Chubb from a “hold” rating to a “buy” rating and set a $323.00 price objective on the stock in a report on Wednesday, March 5th. Wells Fargo & Company reduced their price objective on Chubb from $268.00 to $264.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 14th. Finally, Keefe, Bruyette & Woods raised their price objective on Chubb from $328.00 to $329.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Chubb has a consensus rating of “Hold” and an average target price of $301.00.

Chubb Company 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.