Lockheed Martin Investment Management Co. Buys 14,120 Shares of Chubb Limited $CB

Lockheed Martin Investment Management Co. lifted its stake in Chubb Limited (NYSE:CB) by 162.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,820 shares of the financial services provider’s stock after acquiring an additional 14,120 shares during the quarter. Lockheed Martin Investment Management Co.’s holdings in Chubb were worth $7,123,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in CB. KERR FINANCIAL PLANNING Corp bought a new stake in Chubb during the third quarter valued at approximately $31,000. Laurel Wealth Advisors LLC bought a new stake in Chubb during the fourth quarter valued at approximately $31,000. Ares Financial Consulting LLC bought a new stake in Chubb during the fourth quarter valued at approximately $32,000. Cornerstone Planning Group LLC grew its position in Chubb by 81.5% during the third quarter. Cornerstone Planning Group LLC now owns 118 shares of the financial services provider’s stock valued at $33,000 after buying an additional 53 shares during the period. Finally, GoalVest Advisory LLC bought a new stake in Chubb during the fourth quarter valued at approximately $40,000. 83.81% of the stock is currently owned by institutional investors.

Chubb Trading Up 1.3%

Shares of CB stock opened at $324.20 on Friday. The stock’s fifty day moving average is $326.19 and its two-hundred day moving average is $314.01. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.28 and a current ratio of 0.28. The firm has a market capitalization of $125.74 billion, a P/E ratio of 11.45, a PEG ratio of 1.64 and a beta of 0.43. Chubb Limited has a fifty-two week low of $264.10 and a fifty-two week high of $345.67.

Chubb (NYSE:CB) last posted its quarterly earnings results on Tuesday, March 31st. The financial services provider reported $6.82 EPS for the quarter. The business had revenue of $14.93 billion for the quarter. Chubb had a return on equity of 14.30% and a net margin of 18.58%. Research analysts expect that Chubb Limited will post 26.78 earnings per share for the current fiscal year.

Chubb Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 6th. Stockholders of record on Friday, March 13th were given a dividend of $0.97 per share. The ex-dividend date of this dividend was Friday, March 13th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.2%. Chubb’s payout ratio is currently 13.70%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. Bank of America cut their target price on Chubb from $286.00 to $271.00 and set an “underperform” rating for the company in a research report on Tuesday, April 14th. HSBC boosted their target price on shares of Chubb from $362.00 to $370.00 and gave the stock a “buy” rating in a report on Thursday, April 23rd. Weiss Ratings raised shares of Chubb from a “buy (b+)” rating to a “buy (a-)” rating in a report on Monday, April 27th. Jefferies Financial Group decreased their price target on shares of Chubb from $356.00 to $352.00 and set a “hold” rating on the stock in a research note on Thursday, April 23rd. Finally, Evercore boosted their price target on shares of Chubb from $347.00 to $349.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 22nd. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Chubb currently has a consensus rating of “Moderate Buy” and a consensus target price of $349.33.

Insider Activity at Chubb

In other news, Director Olivier Steimer sold 2,000 shares of the business’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 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.37% of the company’s stock.

Chubb Company 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.