Lee Danner & Bass Inc. Invests $69,000 in Chubb Limited (NYSE:CB)

Lee Danner & Bass Inc. bought a new position in Chubb Limited (NYSE:CB) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 249 shares of the financial services provider’s stock, valued at approximately $69,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Whittier Trust Co. of Nevada Inc. lifted its stake in shares of Chubb by 13.0% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 11,510 shares of the financial services provider’s stock worth $3,180,000 after acquiring an additional 1,328 shares during the last quarter. Douglass Winthrop Advisors LLC lifted its stake in shares of Chubb by 2.3% during the 4th quarter. Douglass Winthrop Advisors LLC now owns 8,775 shares of the financial services provider’s stock worth $2,425,000 after acquiring an additional 200 shares during the last quarter. OLD Point Trust & Financial Services N A lifted its stake in shares of Chubb by 7.6% during the 4th quarter. OLD Point Trust & Financial Services N A now owns 3,907 shares of the financial services provider’s stock worth $1,080,000 after acquiring an additional 275 shares during the last quarter. Blueshift Asset Management LLC bought a new stake in shares of Chubb during the 4th quarter worth approximately $261,000. Finally, Strategic Financial Services Inc. lifted its stake in shares of Chubb by 7.9% during the 4th quarter. Strategic Financial Services Inc. now owns 2,050 shares of the financial services provider’s stock worth $566,000 after acquiring an additional 150 shares during the last quarter. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Insider Buying and Selling at Chubb

In other news, EVP Timothy Alan Boroughs sold 14,748 shares of the company’s 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 owns 29,194 shares in the company, valued at $8,644,927.28. This represents a 33.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO George F. Ohsiek sold 763 shares of the company’s stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $290.41, for a total value of $221,582.83. Following the completion of the sale, the chief accounting officer now owns 20,044 shares in the company, valued at $5,820,978.04. The trade was a 3.67 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 63,470 shares of company stock worth $18,562,730. 0.86% of the stock is currently owned by insiders.

Chubb Stock Down 1.0 %

Shares of CB stock opened at $291.08 on Friday. Chubb Limited has a 1-year low of $238.85 and a 1-year high of $302.05. The stock’s fifty day moving average price is $276.57 and its 200 day moving average price is $281.26. 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 company has a market cap of $116.55 billion, a price-to-earnings ratio of 12.81, a price-to-earnings-growth ratio of 3.36 and a beta of 0.66.

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

Chubb Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 14th will be paid a dividend of $0.91 per share. The ex-dividend date is Friday, March 14th. This represents a $3.64 annualized dividend and a yield of 1.25%. Chubb’s payout ratio is presently 16.02%.

Analyst Upgrades and Downgrades

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