SG Americas Securities LLC Purchases 168,742 Shares of Chubb Limited $CB

SG Americas Securities LLC increased its position in shares of Chubb Limited (NYSE:CB) by 211.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 248,368 shares of the financial services provider’s stock after purchasing an additional 168,742 shares during the period. SG Americas Securities LLC owned approximately 0.06% of Chubb worth $77,521,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Diversified Trust Co. raised its position in Chubb by 4.0% in the 4th quarter. Diversified Trust Co. now owns 59,835 shares of the financial services provider’s stock worth $18,676,000 after purchasing an additional 2,324 shares during the period. Baker Tilly Wealth Management LLC purchased a new position in shares of Chubb during the fourth quarter valued at approximately $211,000. Fulton Bank N.A. grew its stake in shares of Chubb by 4.1% during the fourth quarter. Fulton Bank N.A. now owns 2,335 shares of the financial services provider’s stock valued at $729,000 after buying an additional 92 shares during the last quarter. Firethorn Wealth Partners LLC grew its stake in shares of Chubb by 11.3% during the fourth quarter. Firethorn Wealth Partners LLC now owns 2,083 shares of the financial services provider’s stock valued at $650,000 after buying an additional 212 shares during the last quarter. Finally, True Wealth Design LLC raised its holdings in shares of Chubb by 90.5% in the fourth quarter. True Wealth Design LLC now owns 739 shares of the financial services provider’s stock worth $231,000 after buying an additional 351 shares during the period. 83.81% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. UBS Group reissued a “neutral” rating and set a $340.00 price target on shares of Chubb in a research note on Monday, February 9th. Cantor Fitzgerald increased their target price on Chubb from $300.00 to $309.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 14th. Weiss Ratings reiterated a “buy (b+)” rating on shares of Chubb in a research report on Monday, December 29th. Citigroup boosted their target price on shares of Chubb from $335.00 to $385.00 and gave the company a “buy” rating in a research note on Monday, February 9th. Finally, Morgan Stanley set a $350.00 price target on shares of Chubb in a report on Friday, January 16th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $342.05.

Insider Activity

In related news, Director Olivier Steimer sold 2,000 shares of the firm’s stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $329.30, for a total transaction of $658,600.00. Following the sale, the director owned 25,468 shares of the company’s stock, valued at $8,386,612.40. This trade represents a 7.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Timothy Alan Boroughs sold 27,817 shares of Chubb stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $331.98, for a total value of $9,234,687.66. Following the completion of the transaction, the executive vice president owned 11,810 shares in the company, valued at $3,920,683.80. This trade represents a 70.20% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 44,877 shares of company stock worth $14,885,226. 0.86% of the stock is currently owned by company insiders.

Chubb Trading Down 0.3%

CB opened at $325.48 on Wednesday. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.20. The stock’s fifty day moving average is $322.14 and its two-hundred day moving average is $302.24. The company has a market capitalization of $126.99 billion, a P/E ratio of 12.65, a PEG ratio of 2.04 and a beta of 0.46. Chubb Limited has a 52 week low of $264.10 and a 52 week high of $345.67.

Chubb (NYSE:CB) last issued its earnings results on Tuesday, February 3rd. The financial services provider reported $7.52 earnings per share for the quarter, topping the consensus estimate of $6.33 by $1.19. Chubb had a return on equity of 13.15% and a net margin of 17.36%.The business had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $11.11 billion. During the same period in the prior year, the business earned $6.02 EPS. The business’s revenue for the quarter was up 8.9% compared to the same quarter last year. Analysts forecast that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, April 6th. Shareholders of record on Friday, March 13th will be given a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Friday, March 13th. Chubb’s dividend payout ratio (DPR) is 15.08%.

About Chubb

Chubb is a global property and casualty insurance company that underwrites a broad range of commercial and personal insurance products and related services. Its offerings include commercial property and casualty coverage, specialty liability, professional and management liability, cyber and technology insurance, marine and energy, surety, accident and health solutions, and high-net-worth personal lines such as homeowners, auto and valuables protection. Chubb serves businesses, individuals and institutions with tailored underwriting and risk-transfer solutions across multiple industry sectors.

In addition to core underwriting, Chubb provides risk engineering, loss control, claims management and risk consulting services intended to reduce loss severity and help clients manage exposures.