Clearstead Trust LLC Purchases 1,700 Shares of Chubb Limited (NYSE:CB)

Clearstead Trust LLC increased its position in shares of Chubb Limited (NYSE:CB) by 2,125.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,780 shares of the financial services provider’s stock after purchasing an additional 1,700 shares during the quarter. Clearstead Trust LLC’s holdings in Chubb were worth $492,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Impax Asset Management Group plc acquired a new position in Chubb during the third quarter worth about $26,336,000. Harbour Investments Inc. lifted its holdings in shares of Chubb by 3.3% in the third quarter. Harbour Investments Inc. now owns 2,083 shares of the financial services provider’s stock worth $601,000 after acquiring an additional 66 shares during the last quarter. Ashton Thomas Private Wealth LLC lifted its holdings in shares of Chubb by 7.9% in the third quarter. Ashton Thomas Private Wealth LLC now owns 2,079 shares of the financial services provider’s stock worth $600,000 after acquiring an additional 153 shares during the last quarter. Kovack Advisors Inc. bought a new position in shares of Chubb in the third quarter worth about $234,000. Finally, Plato Investment Management Ltd bought a new position in shares of Chubb in the third quarter worth about $1,973,000. Institutional investors own 83.81% of the company’s stock.

Insider Transactions at Chubb

In related news, CEO Evan G. Greenberg sold 25,728 shares of Chubb stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $291.45, for a total value of $7,498,425.60. Following the completion of the sale, the chief executive officer now owns 584,395 shares of the company’s stock, valued at approximately $170,321,922.75. This trade represents a 4.22 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Joseph F. Wayland sold 10,000 shares of Chubb stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $286.96, for a total transaction of $2,869,600.00. Following the completion of the sale, the executive vice president now directly owns 77,703 shares of the company’s stock, valued at approximately $22,297,652.88. The trade was a 11.40 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.86% of the company’s stock.

Chubb Stock Up 2.0 %

Chubb stock opened at $294.46 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.25. Chubb Limited has a 52-week low of $238.85 and a 52-week high of $302.05. The firm has a 50 day moving average price of $273.60 and a two-hundred day moving average price of $280.82. The firm has a market cap of $117.91 billion, a price-to-earnings ratio of 12.96, a PEG ratio of 3.36 and a beta of 0.66.

Chubb (NYSE:CB) last announced its quarterly earnings data 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%. Equities analysts predict that Chubb Limited will post 21.52 EPS for the current year.

Chubb Announces Dividend

The business also recently disclosed 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. This represents a $3.64 annualized dividend and a dividend yield of 1.24%. The ex-dividend date of this dividend is Friday, March 14th. Chubb’s dividend payout ratio (DPR) is 16.02%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on CB shares. Wells Fargo & Company dropped their target price on shares of Chubb from $268.00 to $264.00 and set an “equal weight” rating for the company in a report on Tuesday, January 14th. Barclays dropped their target price on shares of Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a report on Monday, January 6th. JPMorgan Chase & Co. raised their price objective on shares of Chubb from $296.00 to $300.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Keefe, Bruyette & Woods raised their price objective on shares of Chubb from $328.00 to $329.00 and gave the company an “outperform” rating in a report on Friday, January 31st. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $320.00 price objective on shares of Chubb in a report on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target 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.