Chubb Limited $CB Shares Bought by Thurston Springer Miller Herd & Titak Inc.

Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of Chubb Limited (NYSE:CB) by 290.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,620 shares of the financial services provider’s stock after buying an additional 2,694 shares during the period. Thurston Springer Miller Herd & Titak Inc.’s holdings in Chubb were worth $1,130,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Berkshire Hathaway Inc grew its stake in Chubb by 15.9% in the 3rd quarter. Berkshire Hathaway Inc now owns 31,332,895 shares of the financial services provider’s stock worth $8,843,710,000 after acquiring an additional 4,299,111 shares during the period. AQR Capital Management LLC lifted its stake in shares of Chubb by 75.1% during the 3rd quarter. AQR Capital Management LLC now owns 2,798,546 shares of the financial services provider’s stock worth $785,468,000 after purchasing an additional 1,199,963 shares during the period. Woodline Partners LP acquired a new stake in shares of Chubb during the third quarter worth $220,217,000. Amundi grew its position in shares of Chubb by 55.4% in the third quarter. Amundi now owns 1,946,622 shares of the financial services provider’s stock valued at $557,493,000 after purchasing an additional 693,740 shares during the period. Finally, Bank of America Corp DE grew its position in shares of Chubb by 11.6% in the second quarter. Bank of America Corp DE now owns 4,929,858 shares of the financial services provider’s stock valued at $1,428,278,000 after purchasing an additional 513,852 shares during the period. 83.81% of the stock is owned by institutional investors and hedge funds.

Chubb Stock Up 0.1%

Shares of NYSE CB opened at $328.55 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.27 and a current ratio of 0.27. Chubb Limited has a 1 year low of $264.10 and a 1 year high of $345.67. The stock’s 50-day simple moving average is $326.08 and its 200-day simple moving average is $304.54. The firm has a market cap of $128.21 billion, a price-to-earnings ratio of 12.77, a PEG ratio of 1.75 and a beta of 0.49.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, February 3rd. The financial services provider reported $7.52 EPS for the quarter, beating analysts’ consensus estimates of $6.33 by $1.19. Chubb had a return on equity of 13.15% and a net margin of 17.36%.The firm had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $11.11 billion. During the same quarter in the prior year, the business posted $6.02 earnings per share. Chubb’s revenue for the quarter was up 8.9% on a year-over-year basis. As a group, equities analysts anticipate that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Dividend Announcement

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

Analyst Ratings Changes

Several research firms recently issued reports on CB. JPMorgan Chase & Co. raised their target price on shares of Chubb from $327.00 to $330.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 4th. Wells Fargo & Company upped their price target on shares of Chubb from $305.00 to $322.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 5th. Evercore increased their price target on shares of Chubb from $346.00 to $347.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 4th. UBS Group reissued a “neutral” rating and set a $340.00 price objective on shares of Chubb in a research note on Monday, February 9th. Finally, Jefferies Financial Group upped their price objective on Chubb from $326.00 to $333.00 and gave the stock a “hold” rating in a report on Thursday, February 5th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $342.14.

Insiders Place Their Bets

In other news, Director Olivier Steimer sold 2,000 shares of Chubb stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of $329.30, for a total value of $658,600.00. Following the completion of the transaction, the director directly owned 25,468 shares of the company’s stock, valued at approximately $8,386,612.40. The trade was a 7.28% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Evan G. Greenberg sold 15,060 shares of the company’s stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $331.47, for a total value of $4,991,938.20. Following the transaction, the chief executive officer directly owned 511,576 shares of the company’s stock, valued at $169,572,096.72. This trade represents a 2.86% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 44,877 shares of company stock valued at $14,885,226 over the last 90 days. 0.77% of the stock is owned by company insiders.

Chubb Profile

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.