Chubb Limited (NYSE:CB) Shares Acquired by Natixis Advisors L.P.

Natixis Advisors L.P. boosted its holdings in shares of Chubb Limited (NYSE:CB) by 19.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 578,228 shares of the financial services provider’s stock after purchasing an additional 94,146 shares during the period. Natixis Advisors L.P. owned approximately 0.14% of Chubb worth $130,679,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. ZRC Wealth Management LLC purchased a new stake in Chubb during the fourth quarter valued at about $29,000. Tennessee Valley Asset Management Partners acquired a new position in Chubb in the 4th quarter worth approximately $32,000. Naples Money Management LLC purchased a new position in Chubb during the 4th quarter worth approximately $34,000. Bell Investment Advisors Inc raised its stake in Chubb by 39.6% during the 3rd quarter. Bell Investment Advisors Inc now owns 208 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 59 shares during the period. Finally, Addison Advisors LLC raised its position in Chubb by 87.0% during the fourth quarter. Addison Advisors LLC now owns 215 shares of the financial services provider’s stock valued at $49,000 after buying an additional 100 shares during the period. Institutional investors and hedge funds own 83.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on CB shares. Citigroup reissued a “neutral” rating and set a $275.00 target price (up previously from $238.00) on shares of Chubb in a research note on Thursday, March 14th. Wells Fargo & Company increased their target price on Chubb from $234.00 to $255.00 and gave the company an “equal weight” rating in a research note on Thursday, February 1st. Evercore ISI lifted their price target on Chubb from $270.00 to $281.00 and gave the stock an “outperform” rating in a research report on Thursday, April 11th. TD Cowen assumed coverage on Chubb in a research report on Wednesday, January 10th. They issued a “market perform” rating and a $254.00 price objective for the company. Finally, BMO Capital Markets boosted their target price on shares of Chubb from $220.00 to $240.00 and gave the stock a “market perform” rating in a research report on Monday, February 5th. Ten research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Chubb currently has an average rating of “Moderate Buy” and a consensus price target of $266.89.

Insider Buying and Selling

In other news, insider John J. Lupica sold 34,464 shares of the company’s stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $258.92, for a total value of $8,923,418.88. Following the sale, the insider now directly owns 130,937 shares of the company’s stock, valued at approximately $33,902,208.04. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, insider John J. Lupica sold 34,464 shares of the company’s stock in a transaction that occurred on Tuesday, March 19th. The stock was 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 of the company’s stock, valued at $33,902,208.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Timothy Alan Boroughs sold 14,303 shares of the firm’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 completion of the transaction, the executive vice president now directly owns 35,662 shares in the company, valued at approximately $9,228,612.36. The disclosure for this sale can be found here. Insiders have sold a total of 108,863 shares of company stock valued at $28,007,307 over the last ninety days. 0.86% of the stock is owned by company insiders.

Chubb Trading Up 0.0 %

NYSE CB traded up $0.12 during trading on Thursday, reaching $250.05. 654,241 shares of the stock traded hands, compared to its average volume of 1,735,371. The stock’s 50-day moving average price is $252.22 and its 200 day moving average price is $236.53. Chubb Limited has a fifty-two week low of $183.71 and a fifty-two week high of $260.58. The firm has a market cap of $101.54 billion, a price-to-earnings ratio of 11.09, a price-to-earnings-growth ratio of 1.17 and a beta of 0.63. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.21.

Chubb (NYSE:CB) last announced its earnings results on Tuesday, April 23rd. The financial services provider reported $5.41 EPS for the quarter, topping the consensus estimate of $5.29 by $0.12. The business had revenue of $12.22 billion during the quarter, compared to analysts’ expectations of $11.75 billion. Chubb had a net margin of 17.99% and a return on equity of 16.29%. The firm’s revenue was up 14.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.41 earnings per share. Analysts predict that Chubb Limited will post 21.18 EPS for the current year.

Chubb Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Friday, March 15th were paid a dividend of $0.86 per share. This represents a $3.44 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date of this dividend was Thursday, March 14th. Chubb’s payout ratio is 15.27%.

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.