Symmetry Investments LP Purchases Shares of 1,186 Chubb Limited (NYSE:CB)

Symmetry Investments LP purchased a new stake in shares of Chubb Limited (NYSE:CB) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 1,186 shares of the financial services provider’s stock, valued at approximately $268,000.

Several other hedge funds have also added to or reduced their stakes in CB. Wellington Management Group LLP increased its position in shares of Chubb by 0.8% in the third quarter. Wellington Management Group LLP now owns 18,522,413 shares of the financial services provider’s stock worth $3,855,996,000 after purchasing an additional 138,142 shares during the period. Capital World Investors increased its position in shares of Chubb by 0.4% in the fourth quarter. Capital World Investors now owns 10,311,415 shares of the financial services provider’s stock worth $2,330,272,000 after purchasing an additional 43,845 shares during the period. Norges Bank bought a new position in shares of Chubb in the fourth quarter worth $957,756,000. Northern Trust Corp increased its position in shares of Chubb by 2.3% in the third quarter. Northern Trust Corp now owns 4,221,419 shares of the financial services provider’s stock worth $878,815,000 after purchasing an additional 93,885 shares during the period. Finally, Raymond James & Associates increased its position in shares of Chubb by 2.6% in the fourth quarter. Raymond James & Associates now owns 3,103,101 shares of the financial services provider’s stock worth $701,301,000 after purchasing an additional 77,453 shares during the period. Institutional investors and hedge funds own 83.81% of the company’s stock.

Chubb Trading Down 0.7 %

Shares of NYSE:CB traded down $1.86 during mid-day trading on Tuesday, hitting $265.83. The company had a trading volume of 89,790 shares, compared to its average volume of 1,698,186. The firm has a fifty day moving average price of $255.51 and a 200 day moving average price of $245.21. The company has a market capitalization of $107.94 billion, a PE ratio of 11.89, a price-to-earnings-growth ratio of 4.36 and a beta of 0.66. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.29 and a quick ratio of 0.29. Chubb Limited has a one year low of $183.71 and a one year high of $275.41.

Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, April 23rd. The financial services provider reported $5.41 earnings per share for the quarter, beating the consensus estimate of $5.29 by $0.12. The company had revenue of $12.22 billion during the quarter, compared to analyst estimates of $11.75 billion. Chubb had a net margin of 17.99% and a return on equity of 16.29%. Chubb’s revenue for the quarter was up 14.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $4.41 EPS. As a group, research analysts forecast that Chubb Limited will post 21.23 EPS for the current year.

Chubb Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 5th. Stockholders of record on Friday, June 14th will be paid a $0.91 dividend. The ex-dividend date is Friday, June 14th. This represents a $3.64 annualized dividend and a dividend yield of 1.37%. This is a positive change from Chubb’s previous quarterly dividend of $0.86. Chubb’s payout ratio is currently 15.27%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. StockNews.com cut Chubb from a “buy” rating to a “hold” rating in a research report on Wednesday, April 24th. Citigroup reiterated a “neutral” rating and issued a $275.00 target price (up previously from $238.00) on shares of Chubb in a research report on Thursday, March 14th. HSBC reiterated a “hold” rating and issued a $270.00 target price (down previously from $275.00) on shares of Chubb in a research report on Thursday, April 4th. Bank of America upgraded Chubb from an “underperform” rating to a “neutral” rating and lifted their target price for the company from $244.00 to $266.00 in a research report on Thursday, May 23rd. Finally, Keefe, Bruyette & Woods decreased their target price on Chubb from $297.00 to $294.00 and set an “outperform” rating on the stock in a research report on Tuesday, May 7th. Eleven equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $266.70.

Insider Activity

In related news, COO John W. Keogh sold 34,707 shares of Chubb stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $251.98, for a total value of $8,745,469.86. Following the completion of the sale, the chief operating officer now owns 284,136 shares of the company’s stock, valued at approximately $71,596,589.28. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, COO John W. Keogh sold 34,707 shares of Chubb stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $251.98, for a total value of $8,745,469.86. Following the completion of the sale, the chief operating officer now owns 284,136 shares of the company’s stock, valued at approximately $71,596,589.28. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Michael G. Atieh sold 716 shares of Chubb stock in a transaction on Friday, May 17th. The shares were sold at an average price of $269.70, for a total transaction of $193,105.20. Following the completion of the sale, the director now directly owns 39,295 shares of the company’s stock, valued at approximately $10,597,861.50. The disclosure for this sale can be found here. Insiders sold 115,065 shares of company stock worth $29,518,703 in the last quarter. 0.86% of the stock is owned by corporate insiders.

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.