Bay Colony Advisory Group Inc d b a Bay Colony Advisors Purchases 600 Shares of Chubb Limited (NYSE:CB)

Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its position in Chubb Limited (NYSE:CB) by 77.8% in the fourth quarter, Holdings Channel reports. The fund owned 1,371 shares of the financial services provider’s stock after acquiring an additional 600 shares during the quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors’ holdings in Chubb were worth $379,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. FMR LLC lifted its stake in shares of Chubb by 7.3% in the 3rd quarter. FMR LLC now owns 15,576,485 shares of the financial services provider’s stock valued at $4,492,103,000 after acquiring an additional 1,052,999 shares during the last quarter. Raymond James Financial Inc. bought a new position in Chubb during the 4th quarter worth $1,158,897,000. Charles Schwab Investment Management Inc. raised its position in Chubb by 2.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,235,155 shares of the financial services provider’s stock worth $617,573,000 after purchasing an additional 46,068 shares during the last quarter. Barclays PLC raised its position in Chubb by 28.1% during the 3rd quarter. Barclays PLC now owns 1,772,688 shares of the financial services provider’s stock worth $511,226,000 after purchasing an additional 388,746 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec raised its position in Chubb by 49.7% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,172,267 shares of the financial services provider’s stock worth $338,070,000 after purchasing an additional 389,343 shares during the last quarter. 83.81% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, EVP Joseph F. Wayland sold 10,000 shares of the company’s stock in a transaction 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 completion of the transaction, the executive vice president now directly owns 77,703 shares in the company, valued at approximately $22,297,652.88. The trade was a 11.40 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.86% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on CB shares. JMP Securities reaffirmed a “market outperform” rating and set a $325.00 target price on shares of Chubb in a research report on Wednesday, January 29th. Wells Fargo & Company decreased their price target on Chubb from $268.00 to $264.00 and set an “equal weight” rating for the company in a report on Tuesday, January 14th. Royal Bank of Canada reiterated an “outperform” rating and set a $320.00 price target on shares of Chubb in a report on Thursday, January 30th. Hsbc Global Res upgraded Chubb from a “hold” rating to a “strong-buy” rating in a research note on Wednesday. Finally, JPMorgan Chase & Co. raised their target price on Chubb from $296.00 to $300.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Chubb presently has an average rating of “Hold” and a consensus target price of $299.27.

Chubb Price Performance

Shares of NYSE CB opened at $286.52 on Friday. Chubb Limited has a fifty-two week low of $238.85 and a fifty-two week high of $302.05. The stock has a market cap of $114.73 billion, a price-to-earnings ratio of 12.61, a PEG ratio of 3.36 and a beta of 0.66. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.25. The firm’s 50-day simple moving average is $272.01 and its 200 day simple moving average is $280.30.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, January 28th. The financial services provider reported $6.02 EPS 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 anticipate 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. Stockholders of record on Friday, March 14th will be given a dividend of $0.91 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.27%. Chubb’s dividend payout ratio (DPR) is currently 16.02%.

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.