Bowen Hanes & Co. Inc. Has $2.22 Million Position in Chubb Limited (NYSE:CB)

Bowen Hanes & Co. Inc. grew its stake in shares of Chubb Limited (NYSE:CB) by 5.1% in the fourth quarter, Holdings Channel reports. The institutional investor owned 8,027 shares of the financial services provider’s stock after purchasing an additional 390 shares during the period. Bowen Hanes & Co. Inc.’s holdings in Chubb were worth $2,218,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Continuum Advisory LLC raised its position in 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 purchasing an additional 35 shares in the last quarter. Gordian Capital Singapore Pte Ltd acquired a new position in Chubb in the third quarter worth about $29,000. Raelipskie Partnership acquired a new position in Chubb in the third quarter worth about $29,000. Sierra Ocean LLC acquired a new position in Chubb in the fourth quarter worth about $29,000. Finally, Truvestments Capital LLC acquired a new position in Chubb in the third quarter worth about $30,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Chubb Price Performance

CB opened at $284.24 on Thursday. Chubb Limited has a one year low of $238.85 and a one year high of $302.05. 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’s 50 day simple moving average is $272.82 and its 200-day simple moving average is $280.64. The stock has a market capitalization of $113.81 billion, a P/E ratio of 12.51, a price-to-earnings-growth ratio of 3.36 and a beta of 0.66.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $6.02 EPS for the quarter, beating 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%. Sell-side analysts anticipate that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 14th will be paid a $0.91 dividend. The ex-dividend date is Friday, March 14th. This represents a $3.64 dividend on an annualized basis and a yield of 1.28%. Chubb’s payout ratio is presently 16.02%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on CB shares. HSBC raised shares of Chubb from a “hold” rating to a “buy” rating and set a $323.00 price target for the company in a research report on Wednesday, March 5th. Wells Fargo & Company dropped their price target 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 shares of Chubb from $328.00 to $329.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. Barclays decreased their price objective on shares of Chubb from $349.00 to $324.00 and set an “overweight” rating on the stock in a research note on Monday, January 6th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $320.00 price objective on shares of Chubb in a research note on Thursday, January 30th. Two investment 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 company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $299.27.

Insider Buying and Selling at Chubb

In other Chubb news, EVP Joseph F. Wayland sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $286.96, for a total value of $2,869,600.00. Following the transaction, the executive vice president now directly owns 77,703 shares of the company’s stock, valued at approximately $22,297,652.88. This trade represents a 11.40 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.86% of the company’s stock.

Chubb 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.