MAI Capital Management Buys 2,233 Shares of Chubb Limited (NYSE:CB)

MAI Capital Management increased its stake in Chubb Limited (NYSE:CBGet Rating) by 2.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 109,770 shares of the financial services provider’s stock after acquiring an additional 2,233 shares during the period. MAI Capital Management’s holdings in Chubb were worth $21,220,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wellington Management Group LLP raised its position in Chubb by 1.3% during the 3rd quarter. Wellington Management Group LLP now owns 28,179,660 shares of the financial services provider’s stock valued at $4,888,607,000 after purchasing an additional 364,428 shares during the last quarter. Goldman Sachs Group Inc. raised its position in Chubb by 12.7% during the 3rd quarter. Goldman Sachs Group Inc. now owns 3,169,512 shares of the financial services provider’s stock valued at $549,847,000 after purchasing an additional 358,034 shares during the last quarter. Neuberger Berman Group LLC raised its position in Chubb by 30.2% during the 3rd quarter. Neuberger Berman Group LLC now owns 1,502,904 shares of the financial services provider’s stock valued at $259,827,000 after purchasing an additional 348,808 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its position in Chubb by 76.4% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 804,792 shares of the financial services provider’s stock valued at $139,615,000 after purchasing an additional 348,500 shares during the last quarter. Finally, UBS Asset Management Americas Inc. raised its position in Chubb by 14.1% during the 3rd quarter. UBS Asset Management Americas Inc. now owns 2,289,189 shares of the financial services provider’s stock valued at $397,129,000 after purchasing an additional 283,313 shares during the last quarter. 88.86% of the stock is owned by institutional investors.

CB traded up $4.41 during trading on Tuesday, hitting $212.41. 1,905,374 shares of the company’s stock traded hands, compared to its average volume of 1,909,681. The company’s 50 day simple moving average is $210.28 and its two-hundred day simple moving average is $200.57. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.26. Chubb Limited has a 12-month low of $155.78 and a 12-month high of $218.99. The stock has a market capitalization of $90.00 billion, a price-to-earnings ratio of 11.31, a PEG ratio of 1.38 and a beta of 0.73.

Chubb (NYSE:CBGet Rating) last released its quarterly earnings results on Tuesday, April 26th. The financial services provider reported $3.82 earnings per share for the quarter, beating the 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 quarter in the previous year, the business posted $2.52 EPS. On average, equities analysts expect that Chubb Limited will post 14.92 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, April 8th. Investors of record on Friday, March 18th were issued a $0.80 dividend. The ex-dividend date of this dividend was Thursday, March 17th. This represents a $3.20 dividend on an annualized basis and a yield of 1.51%. Chubb’s dividend payout ratio is currently 17.04%.

In other Chubb news, insider John J. Lupica sold 22,436 shares of the company’s stock in a transaction that occurred on Tuesday, March 22nd. The shares were sold at an average price of $215.00, for a total value of $4,823,740.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Theodore Shasta sold 461 shares of the firm’s stock in a transaction on Wednesday, March 9th. The shares were sold at an average price of $204.88, for a total transaction of $94,449.68. The disclosure for this sale can be found here. Insiders have sold 56,989 shares of company stock worth $11,959,061 over the last quarter. 0.39% of the stock is owned by company insiders.

A number of research analysts have commented on the company. Argus upped their price target on Chubb from $210.00 to $230.00 in a research report on Thursday, February 10th. StockNews.com began coverage on Chubb in a report on Thursday, March 31st. They set a “hold” rating on the stock. Morgan Stanley upped their target price on Chubb from $210.00 to $224.00 and gave the stock an “equal weight” rating in a report on Friday, February 4th. Wells Fargo & Company upped their target price on Chubb from $230.00 to $240.00 and gave the stock an “overweight” rating in a report on Tuesday, April 12th. Finally, Royal Bank of Canada upped their target price on Chubb from $230.00 to $239.00 and gave the stock an “outperform” rating in a report on Monday, April 4th. Four equities research 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 stock. According to data from MarketBeat, the stock 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.

Further Reading

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Institutional Ownership by Quarter for Chubb (NYSE:CB)

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