FLC Capital Advisors Buys Shares of 1,591 Chubb Limited (NYSE:CB)

FLC Capital Advisors bought a new stake in Chubb Limited (NYSE:CB) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 1,591 shares of the financial services provider’s stock, valued at approximately $360,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fairfield Bush & CO. purchased a new position in shares of Chubb during the 1st quarter worth about $195,000. Roundview Capital LLC lifted its holdings in shares of Chubb by 2.6% during the 1st quarter. Roundview Capital LLC now owns 4,165 shares of the financial services provider’s stock worth $891,000 after acquiring an additional 106 shares during the period. Sequoia Financial Advisors LLC lifted its holdings in shares of Chubb by 59.8% during the 1st quarter. Sequoia Financial Advisors LLC now owns 3,029 shares of the financial services provider’s stock worth $648,000 after acquiring an additional 1,134 shares during the period. Brighton Jones LLC lifted its holdings in shares of Chubb by 18.7% during the 1st quarter. Brighton Jones LLC now owns 1,287 shares of the financial services provider’s stock worth $276,000 after acquiring an additional 203 shares during the period. Finally, Baird Financial Group Inc. lifted its holdings in shares of Chubb by 22.0% during the 1st quarter. Baird Financial Group Inc. now owns 154,794 shares of the financial services provider’s stock worth $33,110,000 after acquiring an additional 27,926 shares during the period. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Chubb

In related news, EVP Timothy Alan Boroughs sold 14,303 shares of Chubb stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $258.78, for a total transaction of $3,701,330.34. Following the sale, the executive vice president now directly owns 35,662 shares in the company, valued at $9,228,612.36. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, insider John J. Lupica sold 34,464 shares of Chubb stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $258.92, for a total value of $8,923,418.88. Following the transaction, the insider now owns 130,937 shares of the company’s stock, valued at approximately $33,902,208.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Timothy Alan Boroughs sold 14,303 shares of Chubb stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $258.78, for a total value of $3,701,330.34. Following the completion of the transaction, the executive vice president now directly owns 35,662 shares in the company, valued at approximately $9,228,612.36. The disclosure for this sale can be found here. Over the last three months, insiders have sold 116,043 shares of company stock worth $29,766,694. 0.37% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on CB shares. TD Cowen started coverage on shares of Chubb in a research report on Wednesday, January 10th. They set a “market perform” rating and a $254.00 target price for the company. Royal Bank of Canada increased their target price on shares of Chubb from $255.00 to $275.00 and gave the stock an “outperform” rating in a research report on Thursday, February 1st. The Goldman Sachs Group downgraded shares of Chubb from a “buy” rating to a “neutral” rating and set a $222.00 target price for the company. in a research report on Monday, January 8th. Citigroup reaffirmed a “neutral” rating and issued a $275.00 price objective (up previously from $238.00) on shares of Chubb in a research report on Thursday, March 14th. Finally, JMP Securities increased their price objective on shares of Chubb from $250.00 to $280.00 and gave the company a “market outperform” rating in a research report on Wednesday, January 31st. Ten investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $255.06.

Chubb Stock Performance

CB traded up $2.42 during trading hours on Wednesday, hitting $258.50. 1,371,903 shares of the stock were exchanged, compared to its average volume of 1,794,000. The stock has a 50-day simple moving average of $249.27 and a 200-day simple moving average of $229.46. Chubb Limited has a 12 month low of $183.71 and a 12 month high of $260.58. The stock has a market cap of $104.89 billion, a price-to-earnings ratio of 11.81, a price-to-earnings-growth ratio of 1.21 and a beta of 0.62. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.29 and a quick ratio of 0.29.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, January 30th. The financial services provider reported $8.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.07 by $3.23. The company had revenue of $13.38 billion for the quarter, compared to analysts’ expectations of $12.88 billion. Chubb had a return on equity of 16.45% and a net margin of 18.11%. Analysts anticipate that Chubb Limited will post 21.16 earnings per share for the current year.

Chubb Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 5th. Shareholders of record on Friday, March 15th will be paid a $0.86 dividend. This represents a $3.44 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date of this dividend is Thursday, March 14th. Chubb’s payout ratio is 15.76%.

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.