Strategic Financial Services Inc. Grows Stake in Chubb Limited (NYSE:CB)

Strategic Financial Services Inc. grew its holdings in Chubb Limited (NYSE:CB) by 7.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 2,050 shares of the financial services provider’s stock after buying an additional 150 shares during the quarter. Strategic Financial Services Inc.’s holdings in Chubb were worth $566,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of CB. Raymond James Financial Inc. purchased a new stake in Chubb in the 4th quarter worth approximately $1,158,897,000. FMR LLC raised its position 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 worth $4,492,103,000 after acquiring an additional 1,052,999 shares in the last quarter. Proficio Capital Partners LLC raised its position in shares of Chubb by 41,494.7% in the 4th quarter. Proficio Capital Partners LLC now owns 812,761 shares of the financial services provider’s stock worth $224,566,000 after acquiring an additional 810,807 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec raised its position in shares of Chubb by 49.7% in 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 acquiring an additional 389,343 shares in the last quarter. Finally, Barclays PLC raised its position in shares of Chubb by 28.1% in the 3rd quarter. Barclays PLC now owns 1,772,688 shares of the financial services provider’s stock worth $511,226,000 after acquiring an additional 388,746 shares in the last quarter. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Analyst Ratings Changes

CB has been the subject of several research reports. Hsbc Global Res raised Chubb from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 5th. JMP Securities reissued a “market outperform” rating and issued a $325.00 target price on shares of Chubb in a research report on Wednesday, January 29th. Barclays decreased their target price on Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a research report on Monday, January 6th. Keefe, Bruyette & Woods increased their target price on Chubb from $328.00 to $329.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $320.00 price objective on shares of Chubb in a research 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 assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $301.00.

Chubb Stock Up 0.2 %

Chubb stock opened at $296.33 on Thursday. The firm has a market cap of $118.65 billion, a price-to-earnings ratio of 13.04, a PEG ratio of 3.36 and a beta of 0.66. The stock has a fifty day simple moving average of $275.35 and a two-hundred day simple moving average of $281.16. Chubb Limited has a 12 month low of $238.85 and a 12 month high of $302.05. The company has a current ratio of 0.25, a quick ratio of 0.28 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 EPS for the quarter, topping 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 analysts predict that Chubb Limited will post 21.52 EPS 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 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 dividend yield of 1.23%. Chubb’s dividend payout ratio (DPR) is currently 16.02%.

Insider Transactions at Chubb

In related news, EVP Joseph F. Wayland sold 10,000 shares of Chubb stock in a transaction 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 in the company, valued at approximately $22,297,652.88. The trade was a 11.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Timothy Alan Boroughs sold 14,748 shares of Chubb stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $296.12, for a total value of $4,367,177.76. Following the transaction, the executive vice president now owns 29,194 shares in the company, valued at $8,644,927.28. This trade represents a 33.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 51,239 shares of company stock worth $14,956,786 in the last ninety days. Insiders own 0.86% of the company’s stock.

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.