Trueblood Wealth Management LLC Takes Position in Chubb Limited (NYSE:CB)

Trueblood Wealth Management LLC purchased a new stake in shares of Chubb Limited (NYSE:CB) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 3,551 shares of the financial services provider’s stock, valued at approximately $803,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CB. ICA Group Wealth Management LLC bought a new position in Chubb during the fourth quarter valued at approximately $25,000. IMA Wealth Inc. lifted its position in Chubb by 275.7% during the second quarter. IMA Wealth Inc. now owns 139 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 102 shares during the period. BOK Financial Private Wealth Inc. bought a new position in Chubb in the third quarter worth approximately $28,000. ZRC Wealth Management LLC bought a new position in Chubb in the fourth quarter worth approximately $29,000. Finally, Bell Investment Advisors Inc raised its position in Chubb by 39.6% in the third quarter. Bell Investment Advisors Inc now owns 208 shares of the financial services provider’s stock worth $43,000 after acquiring an additional 59 shares during the period. Institutional investors own 83.81% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on CB. Wells Fargo & Company increased their price target on shares of Chubb from $234.00 to $255.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 1st. UBS Group increased their price target on shares of Chubb from $245.00 to $256.00 and gave the stock a “neutral” rating in a research report on Monday, February 5th. Roth Mkm increased their price target on shares of Chubb from $260.00 to $280.00 and gave the stock a “buy” rating in a research report on Wednesday, January 31st. HSBC initiated coverage on shares of Chubb in a research report on Thursday, December 28th. They issued a “buy” rating and a $263.00 price target on the stock. Finally, BMO Capital Markets raised their price objective on shares of Chubb from $220.00 to $240.00 and gave the company a “market perform” rating in a research report on Monday, February 5th. Ten equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $255.06.

Insider Transactions at Chubb

In other news, EVP Timothy Alan Boroughs sold 14,303 shares of the business’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $258.78, for a total value of $3,701,330.34. Following the sale, the executive vice president now directly owns 35,662 shares in the company, valued at approximately $9,228,612.36. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, insider John J. Lupica sold 34,464 shares of the company’s stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $258.92, for a total transaction of $8,923,418.88. Following the transaction, the insider now directly owns 130,937 shares in the company, valued at approximately $33,902,208.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Timothy Alan Boroughs sold 14,303 shares of the company’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $258.78, for a total transaction of $3,701,330.34. Following the transaction, the executive vice president now owns 35,662 shares in the company, valued at $9,228,612.36. The disclosure for this sale can be found here. Insiders have sold a total of 116,043 shares of company stock worth $29,766,694 in the last three months. Insiders own 0.37% of the company’s stock.

Chubb Price Performance

CB traded up $2.42 during trading on Wednesday, hitting $258.50. 1,371,903 shares of the company traded hands, compared to its average volume of 1,794,000. The company has a market cap of $104.89 billion, a PE ratio of 11.81, a P/E/G ratio of 1.21 and a beta of 0.62. The stock’s 50-day simple moving average is $249.27 and its two-hundred day simple moving average is $229.46. Chubb Limited has a 1 year low of $183.71 and a 1 year high of $260.58. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.20.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, January 30th. The financial services provider reported $8.30 earnings per share for the quarter, beating the consensus estimate of $5.07 by $3.23. Chubb had a net margin of 18.11% and a return on equity of 16.45%. The company had revenue of $13.38 billion during the quarter, compared to analysts’ expectations of $12.88 billion. As a group, sell-side analysts anticipate that Chubb Limited will post 21.16 earnings per share for the current fiscal year.

Chubb Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 5th. Stockholders of record on Friday, March 15th will be issued a $0.86 dividend. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $3.44 dividend on an annualized basis and a dividend yield of 1.33%. Chubb’s dividend payout ratio (DPR) is presently 15.76%.

Chubb 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.