Callan Family Office LLC Takes Position in Chubb Limited (NYSE:CB)

Callan Family Office LLC purchased a new stake in Chubb Limited (NYSE:CB) during the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 3,866 shares of the financial services provider’s stock, valued at approximately $1,068,000.

Several other hedge funds and other institutional investors also recently modified their holdings of CB. Van ECK Associates Corp increased its stake in shares of Chubb by 2.8% in the 3rd quarter. Van ECK Associates Corp now owns 13,010 shares of the financial services provider’s stock valued at $3,838,000 after purchasing an additional 359 shares during the last quarter. Impax Asset Management Group plc bought a new position in shares of Chubb in the 3rd quarter valued at $26,336,000. Capital Performance Advisors LLP bought a new position in shares of Chubb in the 3rd quarter valued at $82,000. Equitable Trust Co. increased its stake in shares of Chubb by 4.4% in the 3rd quarter. Equitable Trust Co. now owns 998 shares of the financial services provider’s stock valued at $288,000 after purchasing an additional 42 shares during the last quarter. Finally, CWA Asset Management Group LLC bought a new stake in Chubb during the 3rd quarter worth $681,000. Institutional investors own 83.81% of the company’s stock.

Insider Activity

In related news, EVP Joseph F. Wayland sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $286.96, for a total transaction 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 represents a 11.40 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.86% of the stock is owned by company insiders.

Chubb Stock Up 0.1 %

Shares of NYSE:CB opened at $286.52 on Friday. The company has a market capitalization of $114.73 billion, a price-to-earnings ratio of 12.61, a P/E/G ratio of 3.36 and a beta of 0.66. 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 business’s 50-day moving average is $272.01 and its 200-day moving average is $280.30. Chubb Limited has a 1 year low of $238.85 and a 1 year high of $302.05.

Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share (EPS) for the quarter, beating 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 predict that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Announces Dividend

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 paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date of this dividend is Friday, March 14th. Chubb’s dividend payout ratio is 16.02%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. HSBC upgraded Chubb from a “hold” rating to a “buy” rating and set a $323.00 price objective on the stock in a research report on Wednesday. JPMorgan Chase & Co. boosted their price objective on Chubb from $296.00 to $300.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Keefe, Bruyette & Woods boosted their price objective on Chubb from $328.00 to $329.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. Hsbc Global Res upgraded Chubb from a “hold” rating to a “strong-buy” rating in a research report on Wednesday. Finally, Barclays reduced their price objective on Chubb from $349.00 to $324.00 and set an “overweight” rating on the stock in a research report on Monday, January 6th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $299.27.

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.