Dorsey & Whitney Trust CO LLC raised its stake in shares of Chubb Limited (NYSE:CB – Get Rating) by 4.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,178 shares of the financial services provider’s stock after purchasing an additional 170 shares during the period. Dorsey & Whitney Trust CO LLC’s holdings in Chubb were worth $807,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in CB. Selective Wealth Management Inc. lifted its holdings in shares of Chubb by 92.0% in the 4th quarter. Selective Wealth Management Inc. now owns 192 shares of the financial services provider’s stock valued at $37,000 after acquiring an additional 92 shares during the last quarter. Equitec Proprietary Markets LLC bought a new position in shares of Chubb in the 4th quarter valued at about $46,000. Baystate Wealth Management LLC lifted its holdings in shares of Chubb by 32.2% in the 4th quarter. Baystate Wealth Management LLC now owns 271 shares of the financial services provider’s stock valued at $52,000 after acquiring an additional 66 shares during the last quarter. Elmwood Wealth Management Inc. bought a new position in shares of Chubb in the 4th quarter valued at about $61,000. Finally, Ellevest Inc. lifted its holdings in shares of Chubb by 91.7% in the 4th quarter. Ellevest Inc. now owns 370 shares of the financial services provider’s stock valued at $72,000 after acquiring an additional 177 shares during the last quarter. 86.61% of the stock is owned by institutional investors and hedge funds.
In other news, CAO Annmarie T. Hagan sold 610 shares of the firm’s stock in a transaction on Tuesday, February 8th. The stock was sold at an average price of $205.97, for a total value of $125,641.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Theodore Shasta sold 461 shares of the firm’s stock in a transaction on Wednesday, March 9th. The stock was sold at an average price of $204.88, for a total value of $94,449.68. The disclosure for this sale can be found here. Insiders sold a total of 41,666 shares of company stock worth $8,709,616 over the last quarter. Company insiders own 0.39% of the company’s stock.
Chubb (NYSE:CB – Get Rating) last announced its quarterly earnings results on Tuesday, April 26th. The financial services provider reported $3.82 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $3.48 by $0.34. Chubb had a return on equity of 10.30% and a net margin of 19.65%. During the same period in the prior year, the firm posted $2.52 EPS. As a group, equities research analysts predict that Chubb Limited will post 14.82 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, April 8th. Stockholders of record on Friday, March 18th were issued a $0.80 dividend. The ex-dividend date was Thursday, March 17th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.55%. Chubb’s dividend payout ratio is presently 17.04%.
CB has been the topic of a number of analyst reports. JPMorgan Chase & Co. upped their target price on Chubb from $189.00 to $203.00 in a research note on Thursday, January 6th. Morgan Stanley increased their price target on Chubb from $210.00 to $224.00 and gave the stock an “equal weight” rating in a report on Friday, February 4th. StockNews.com started coverage on Chubb in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Wells Fargo & Company increased their price target on Chubb from $230.00 to $240.00 and gave the stock an “overweight” rating in a report on Tuesday, April 12th. Finally, Barclays increased their price target on Chubb from $244.00 to $250.00 in a report on Thursday. Four analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Chubb currently has a consensus rating of “Buy” and a consensus price target of $221.80.
About Chubb (Get Rating)
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, cyber risk, surety, and excess casualty; and group accident and health insurance to large, middle market, and small commercial businesses.
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