Scissortail Wealth Management LLC Invests $8.06 Million in Chubb Limited (NYSE:CB)

Scissortail Wealth Management LLC purchased a new position in shares of Chubb Limited (NYSE:CB) during the 4th quarter, Holdings Channel reports. The institutional investor purchased 33,204 shares of the financial services provider’s stock, valued at approximately $8,061,000. Chubb accounts for about 2.6% of Scissortail Wealth Management LLC’s holdings, making the stock its 8th biggest position.

Several other large investors have also modified their holdings of CB. AdvisorNet Financial Inc boosted its stake in Chubb by 5.2% in the fourth quarter. AdvisorNet Financial Inc now owns 886 shares of the financial services provider’s stock valued at $200,000 after acquiring an additional 44 shares during the period. Valley National Advisers Inc. boosted its stake in Chubb by 0.9% in the fourth quarter. Valley National Advisers Inc. now owns 5,113 shares of the financial services provider’s stock valued at $1,155,000 after acquiring an additional 44 shares during the period. Regent Peak Wealth Advisors LLC boosted its stake in Chubb by 3.9% in the third quarter. Regent Peak Wealth Advisors LLC now owns 1,244 shares of the financial services provider’s stock valued at $259,000 after acquiring an additional 47 shares during the period. Innovis Asset Management LLC boosted its stake in Chubb by 1.7% in the third quarter. Innovis Asset Management LLC now owns 2,889 shares of the financial services provider’s stock valued at $601,000 after acquiring an additional 47 shares during the period. Finally, Citizens National Bank Trust Department boosted its stake in Chubb by 0.3% in the third quarter. Citizens National Bank Trust Department now owns 16,156 shares of the financial services provider’s stock valued at $3,363,000 after acquiring an additional 50 shares during the period. Institutional investors own 83.81% of the company’s stock.

Chubb Price Performance

NYSE:CB traded up $0.81 during midday trading on Tuesday, hitting $245.25. 1,257,329 shares of the stock were exchanged, compared to its average volume of 1,718,459. The company has a market capitalization of $99.57 billion, a price-to-earnings ratio of 11.23, a P/E/G ratio of 1.16 and a beta of 0.62. Chubb Limited has a one year low of $183.71 and a one year high of $260.58. The business has a 50-day moving average price of $252.55 and a two-hundred day moving average price of $233.47. 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 quarterly earnings results on Tuesday, January 30th. The financial services provider reported $8.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.07 by $3.23. The company had revenue of $13.38 billion for the quarter, compared to analysts’ expectations of $12.88 billion. Chubb had a return on equity of 16.45% and a net margin of 18.11%. Sell-side analysts predict that Chubb Limited will post 21.15 EPS for the current year.

Chubb Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Friday, March 15th were given a dividend of $0.86 per share. This represents a $3.44 annualized dividend and a yield of 1.40%. The ex-dividend date of this dividend was Thursday, March 14th. Chubb’s payout ratio is 15.76%.

Insiders Place Their Bets

In other Chubb news, insider John J. Lupica sold 34,464 shares of Chubb stock in a transaction that occurred on 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CAO Annmarie T. Hagan sold 7,180 shares of the business’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $245.04, for a total transaction of $1,759,387.20. Following the transaction, the chief accounting officer now directly owns 6,105 shares in the company, valued at approximately $1,495,969.20. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider John J. Lupica sold 34,464 shares of the business’s stock in a transaction on 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 owns 130,937 shares in the company, valued at $33,902,208.04. The disclosure for this sale can be found here. In the last three months, insiders have sold 116,043 shares of company stock worth $29,766,694. Corporate insiders own 0.86% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on CB. The Goldman Sachs Group lifted their target price on Chubb from $228.00 to $254.00 and gave the company a “neutral” rating in a research note on Friday. Keefe, Bruyette & Woods boosted their price objective on Chubb from $275.00 to $297.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 10th. BMO Capital Markets boosted their price objective on Chubb from $220.00 to $240.00 and gave the stock a “market perform” rating in a research report on Monday, February 5th. TD Cowen assumed coverage on Chubb in a research report on Wednesday, January 10th. They set a “market perform” rating and a $254.00 price objective for the company. Finally, Raymond James boosted their price objective on Chubb from $270.00 to $285.00 and gave the stock a “strong-buy” rating in a research report on Thursday, February 1st. Nine research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $266.37.

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.