Titleist Asset Management LTD. bought a new position in shares of Chubb Limited (NYSE:CB – Get Rating) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 998 shares of the financial services provider’s stock, valued at approximately $220,000.
A number of other hedge funds have also bought and sold shares of the company. Carolinas Wealth Consulting LLC boosted its stake in shares of Chubb by 10.1% in the 1st quarter. Carolinas Wealth Consulting LLC now owns 555 shares of the financial services provider’s stock valued at $119,000 after purchasing an additional 51 shares in the last quarter. Fiduciary Group LLC boosted its stake in shares of Chubb by 3.4% in the 2nd quarter. Fiduciary Group LLC now owns 1,589 shares of the financial services provider’s stock valued at $308,000 after purchasing an additional 52 shares in the last quarter. Linscomb & Williams Inc. boosted its stake in shares of Chubb by 3.0% in the 2nd quarter. Linscomb & Williams Inc. now owns 1,814 shares of the financial services provider’s stock valued at $357,000 after purchasing an additional 52 shares in the last quarter. Unison Advisors LLC boosted its stake in shares of Chubb by 0.4% in the 3rd quarter. Unison Advisors LLC now owns 13,016 shares of the financial services provider’s stock valued at $2,378,000 after purchasing an additional 52 shares in the last quarter. Finally, Penserra Capital Management LLC boosted its stake in shares of Chubb by 2.6% in the 3rd quarter. Penserra Capital Management LLC now owns 2,034 shares of the financial services provider’s stock valued at $369,000 after purchasing an additional 52 shares in the last quarter. Institutional investors own 87.12% of the company’s stock.
Analysts Set New Price Targets
Several brokerages have weighed in on CB. Atlantic Securities increased their price target on shares of Chubb from $240.00 to $250.00 in a research report on Wednesday, February 22nd. JPMorgan Chase & Co. raised shares of Chubb from a “neutral” rating to an “overweight” rating and set a $239.00 price target for the company in a research report on Friday, March 17th. Roth Capital reissued a “buy” rating on shares of Chubb in a research report on Wednesday, February 1st. BMO Capital Markets began coverage on shares of Chubb in a research report on Thursday, January 19th. They set a “market perform” rating and a $225.00 price target for the company. Finally, Royal Bank of Canada increased their price target on shares of Chubb from $230.00 to $250.00 and gave the company an “outperform” rating in a research report on Wednesday, December 14th. Five research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued 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 target price of $243.92.
Chubb Trading Up 2.5 %
Chubb (NYSE:CB – Get Rating) last issued its quarterly earnings results on Wednesday, February 1st. The financial services provider reported $4.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.22 by ($0.17). The business had revenue of $11.43 billion during the quarter, compared to the consensus estimate of $11.58 billion. Chubb had a return on equity of 12.51% and a net margin of 12.35%. During the same quarter in the previous year, the business earned $3.81 earnings per share. Equities analysts predict that Chubb Limited will post 17.4 EPS for the current year.
Chubb Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 10th. Investors of record on Friday, March 17th will be paid a $0.83 dividend. The ex-dividend date of this dividend is Thursday, March 16th. This represents a $3.32 annualized dividend and a dividend yield of 1.71%. Chubb’s payout ratio is 26.52%.
Insider Buying and Selling
In related news, COO John W. Keogh sold 23,871 shares of the stock in a transaction dated Tuesday, February 28th. The shares were sold at an average price of $212.18, for a total value of $5,064,948.78. Following the completion of the transaction, the chief operating officer now directly owns 272,062 shares in the company, valued at approximately $57,726,115.16. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.39% of the stock is owned by company insiders.
Chubb Company Profile
Chubb Ltd. operates as a holding company, which engages in the provision of commercial and personal property and casualty insurance, personal accident and accident and health (A&H), reinsurance, and life insurance. It operates through the following segments: North America Commercial Property and Casualty (P&C) Insurance, North America Personal P&C Insurance, North America Agricultural Insurance, Overseas General Insurance, Global Reinsurance, and Life Insurance.
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