Homestead Advisers Corp Has $86.21 Million Stake in Chubb Limited (NYSE:CB)

Homestead Advisers Corp decreased its holdings in shares of Chubb Limited (NYSE:CB) by 33.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 312,011 shares of the financial services provider’s stock after selling 155,600 shares during the period. Chubb makes up 2.1% of Homestead Advisers Corp’s holdings, making the stock its 17th largest position. Homestead Advisers Corp’s holdings in Chubb were worth $86,209,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of CB. Loomis Sayles & Co. L P acquired a new stake in shares of Chubb in the 4th quarter valued at about $55,000. AssuredPartners Investment Advisors LLC bought a new stake in Chubb in the 4th quarter valued at approximately $1,310,000. NEOS Investment Management LLC boosted its position in Chubb by 30.3% during the 4th quarter. NEOS Investment Management LLC now owns 21,401 shares of the financial services provider’s stock worth $5,913,000 after acquiring an additional 4,973 shares during the last quarter. Moment Partners LLC bought a new position in shares of Chubb during the 4th quarter worth approximately $333,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of Chubb by 8.3% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 617,920 shares of the financial services provider’s stock worth $167,907,000 after purchasing an additional 47,315 shares in the last quarter. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CB has been the subject of a number of analyst reports. HSBC raised shares of Chubb from a “hold” rating to a “buy” rating and set a $323.00 target price for the company in a research report on Wednesday, March 5th. Keefe, Bruyette & Woods lifted their target price on Chubb from $328.00 to $329.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. Royal Bank of Canada reissued an “outperform” rating and set a $320.00 price target on shares of Chubb in a research report on Thursday, January 30th. JMP Securities reaffirmed a “market outperform” rating and set a $325.00 price target on shares of Chubb in a research report on Wednesday, January 29th. Finally, JPMorgan Chase & Co. increased their price objective on Chubb from $296.00 to $300.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Two analysts have rated the stock with a sell rating, six have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Chubb has an average rating of “Hold” and an average target price of $301.00.

Insiders Place Their Bets

In other Chubb news, EVP Joseph F. Wayland sold 10,000 shares of the stock in a transaction dated 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 sale, the executive vice president now directly owns 77,703 shares in the company, valued at $22,297,652.88. This represents a 11.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Timothy Alan Boroughs sold 14,748 shares of the business’s stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $296.12, for a total transaction of $4,367,177.76. Following the completion of the transaction, the executive vice president now owns 29,194 shares of the company’s stock, valued at $8,644,927.28. The trade was 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 63,470 shares of company stock worth $18,562,730 in the last 90 days. Company insiders own 0.86% of the company’s stock.

Chubb Stock Up 1.3 %

CB stock opened at $295.16 on Thursday. The business’s fifty day moving average price is $278.22 and its two-hundred day moving average price is $281.35. The stock has a market capitalization of $118.19 billion, a price-to-earnings ratio of 12.99, a PEG ratio of 3.36 and a beta of 0.66. Chubb Limited has a fifty-two week low of $238.85 and a fifty-two week 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.

Chubb (NYSE:CB) last issued its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share 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%. On average, equities analysts anticipate that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 14th will be given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date of this dividend is Friday, March 14th. Chubb’s dividend payout ratio 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.