PFG Investments LLC Invests $421,000 in Chubb Limited (NYSE:CB)

PFG Investments LLC purchased a new position in Chubb Limited (NYSE:CB) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 1,625 shares of the financial services provider’s stock, valued at approximately $421,000.

A number of other institutional investors also recently made changes to their positions in the stock. Deutsche Bank AG boosted its stake in Chubb by 426.8% in the 3rd quarter. Deutsche Bank AG now owns 16,119,520 shares of the financial services provider’s stock worth $3,355,762,000 after buying an additional 13,059,385 shares during the last quarter. Norges Bank acquired a new stake in Chubb in the 4th quarter worth about $957,756,000. Confluence Investment Management LLC acquired a new stake in Chubb in the 1st quarter worth about $165,932,000. Bank of Nova Scotia boosted its stake in Chubb by 198.8% in the 4th quarter. Bank of Nova Scotia now owns 779,345 shares of the financial services provider’s stock worth $176,126,000 after buying an additional 518,535 shares during the last quarter. Finally, Lazard Asset Management LLC boosted its stake in Chubb by 978.1% in the 3rd quarter. Lazard Asset Management LLC now owns 546,556 shares of the financial services provider’s stock worth $113,781,000 after buying an additional 495,860 shares during the last quarter. 83.81% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CAO Annmarie T. Hagan sold 7,180 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $245.04, for a total value of $1,759,387.20. Following the completion of the sale, the chief accounting officer now directly owns 6,105 shares in the company, valued at approximately $1,495,969.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider John J. Lupica sold 34,464 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the insider now directly owns 130,937 shares in the company, valued at approximately $33,902,208.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Annmarie T. Hagan sold 7,180 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $245.04, for a total value of $1,759,387.20. Following the completion of the sale, the chief accounting officer now owns 6,105 shares of the company’s stock, valued at $1,495,969.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 116,043 shares of company stock worth $29,766,694. 0.86% of the stock is currently owned by insiders.

Analysts Set New Price Targets

CB has been the topic of several research analyst reports. TD Cowen initiated coverage on Chubb in a research note on Wednesday, January 10th. They issued a “market perform” rating and a $254.00 price objective on the stock. Royal Bank of Canada reduced their price objective on Chubb from $295.00 to $285.00 and set an “outperform” rating on the stock in a research note on Thursday, April 25th. StockNews.com lowered Chubb from a “buy” rating to a “hold” rating in a research note on Wednesday, April 24th. Roth Mkm reaffirmed a “buy” rating and issued a $280.00 price objective on shares of Chubb in a research note on Wednesday, April 24th. Finally, BMO Capital Markets lifted their price objective on Chubb from $220.00 to $240.00 and gave the company a “market perform” rating in a research note on Monday, February 5th. Ten investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $266.89.

Chubb Stock Down 0.2 %

CB stock traded down $0.60 during midday trading on Tuesday, hitting $248.62. 1,862,883 shares of the company’s stock were exchanged, compared to its average volume of 1,755,866. The company has a current ratio of 0.35, a quick ratio of 0.29 and a debt-to-equity ratio of 0.20. Chubb Limited has a 12-month low of $183.71 and a 12-month high of $260.58. The firm has a 50 day moving average price of $252.26 and a 200-day moving average price of $236.43. The stock has a market capitalization of $100.94 billion, a price-to-earnings ratio of 11.04, a price-to-earnings-growth ratio of 1.16 and a beta of 0.62.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, April 23rd. The financial services provider reported $5.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.29 by $0.12. Chubb had a return on equity of 16.29% and a net margin of 17.99%. The company had revenue of $12.22 billion for the quarter, compared to the consensus estimate of $11.75 billion. During the same period in the previous year, the business earned $4.41 EPS. Chubb’s revenue for the quarter was up 14.1% compared to the same quarter last year. On average, analysts anticipate that Chubb Limited will post 21.17 EPS for the current year.

Chubb Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Friday, March 15th were issued a dividend of $0.86 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $3.44 annualized dividend and a yield of 1.38%. Chubb’s dividend payout ratio is presently 15.27%.

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.