AssuredPartners Investment Advisors LLC Acquires New Stake in Chubb Limited (NYSE:CB)

AssuredPartners Investment Advisors LLC bought a new position in Chubb Limited (NYSE:CB) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 4,740 shares of the financial services provider’s stock, valued at approximately $1,310,000.

A number of other institutional investors have also added to or reduced their stakes in CB. NEOS Investment Management LLC grew its holdings in shares of Chubb by 30.3% during the fourth quarter. NEOS Investment Management LLC now owns 21,401 shares of the financial services provider’s stock worth $5,913,000 after purchasing an additional 4,973 shares in the last quarter. Moment Partners LLC bought a new stake in Chubb during the fourth quarter valued at approximately $333,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in Chubb by 8.3% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 617,920 shares of the financial services provider’s stock worth $167,907,000 after buying an additional 47,315 shares in the last quarter. Worth Financial Advisory Group LLC increased its holdings in shares of Chubb by 98.6% in the 4th quarter. Worth Financial Advisory Group LLC now owns 5,146 shares of the financial services provider’s stock worth $1,453,000 after buying an additional 2,555 shares during the last quarter. Finally, Tyler Stone Wealth Management raised its position in shares of Chubb by 3.7% during the 4th quarter. Tyler Stone Wealth Management now owns 5,934 shares of the financial services provider’s stock valued at $1,640,000 after buying an additional 210 shares in the last quarter. 83.81% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CB has been the subject of several research reports. Wells Fargo & Company cut their target price on shares of Chubb from $268.00 to $264.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 14th. Keefe, Bruyette & Woods upped 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. JPMorgan Chase & Co. raised their price objective on Chubb from $296.00 to $300.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Barclays cut their target price on Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a research note on Monday, January 6th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $320.00 price target on shares of Chubb in a research note on Thursday, January 30th. Two investment 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, Chubb presently has a consensus rating of “Hold” and an average price target of $301.00.

Insider Activity at Chubb

In other Chubb news, EVP Timothy Alan Boroughs sold 14,748 shares of the company’s stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $296.12, for a total transaction of $4,367,177.76. Following the transaction, the executive vice president now owns 29,194 shares in the company, valued at approximately $8,644,927.28. This represents a 33.56 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Joseph F. Wayland sold 10,000 shares of the stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $286.96, for a total value of $2,869,600.00. Following the completion of the transaction, the executive vice president now directly owns 77,703 shares of the company’s stock, valued at $22,297,652.88. This represents a 11.40 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 63,470 shares of company stock worth $18,562,730 over the last quarter. 0.86% of the stock is owned by corporate insiders.

Chubb Price Performance

Shares of Chubb stock opened at $295.16 on Thursday. The company’s fifty day simple moving average is $278.22 and its two-hundred day simple moving average is $281.35. Chubb Limited has a 12-month low of $238.85 and a 12-month high of $302.05. The firm has a market cap of $118.19 billion, a PE ratio of 12.99, a price-to-earnings-growth ratio of 3.36 and a beta of 0.66. The company has a quick ratio of 0.28, a current ratio of 0.25 and a debt-to-equity ratio of 0.21.

Chubb (NYSE:CB) last posted its earnings results 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 net margin of 16.63% and a return on equity of 13.75%. As a group, equities analysts expect that Chubb Limited will post 21.52 EPS for the current year.

Chubb Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Stockholders 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 dividend yield of 1.23%. Chubb’s dividend payout ratio (DPR) is presently 16.02%.

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.