Roffman Miller Associates Inc. PA boosted its position in Chubb Ltd (NYSE:CB) by 103.6% in the 4th quarter, Holdings Channel reports. The institutional investor owned 24,876 shares of the financial services provider’s stock after buying an additional 12,656 shares during the period. Roffman Miller Associates Inc. PA’s holdings in Chubb were worth $3,635,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in CB. Welch Group LLC bought a new stake in Chubb in the fourth quarter valued at about $110,000. Atlantic Trust LLC bought a new stake in Chubb in the second quarter valued at about $116,000. Horan Capital Advisors LLC. bought a new stake in Chubb in the third quarter valued at about $133,000. Zions Bancorporation increased its holdings in Chubb by 716.3% in the third quarter. Zions Bancorporation now owns 1,151 shares of the financial services provider’s stock valued at $164,000 after buying an additional 1,010 shares during the last quarter. Finally, Valeo Financial Advisors LLC bought a new stake in Chubb in the third quarter valued at about $198,000. 88.54% of the stock is owned by hedge funds and other institutional investors.

Chubb Ltd (NYSE:CB) opened at $144.52 on Friday. The company has a market capitalization of $65,172.13, a P/E ratio of 17.62, a PEG ratio of 1.30 and a beta of 0.95. Chubb Ltd has a fifty-two week low of $130.68 and a fifty-two week high of $157.50. The company has a current ratio of 0.29, a quick ratio of 0.30 and a debt-to-equity ratio of 0.23.

Chubb (NYSE:CB) last issued its quarterly earnings data on Tuesday, January 30th. The financial services provider reported $3.17 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.31 by $0.86. The business had revenue of $7.05 billion during the quarter, compared to the consensus estimate of $6.64 billion. Chubb had a return on equity of 7.52% and a net margin of 11.87%. The business’s revenue was up 1.6% on a year-over-year basis. During the same period in the previous year, the firm posted $2.72 earnings per share. sell-side analysts predict that Chubb Ltd will post 10.76 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 19th. Stockholders of record on Friday, December 29th were given a dividend of $0.71 per share. The ex-dividend date was Thursday, December 28th. This represents a $2.84 annualized dividend and a dividend yield of 1.97%. Chubb’s dividend payout ratio is presently 34.63%.

Chubb declared that its Board of Directors has initiated a stock buyback program on Thursday, December 21st that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the financial services provider to repurchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its stock is undervalued.

CB has been the subject of several recent research reports. Royal Bank of Canada reaffirmed a “buy” rating and set a $170.00 target price on shares of Chubb in a report on Wednesday, January 31st. Bank of America upped their target price on Chubb from $168.00 to $171.00 and gave the company a “buy” rating in a report on Wednesday, January 31st. Wells Fargo & Co reaffirmed a “buy” rating and set a $169.00 target price on shares of Chubb in a report on Tuesday, January 30th. Goldman Sachs Group initiated coverage on Chubb in a report on Monday, December 4th. They set a “buy” rating and a $167.00 target price for the company. Finally, Zacks Investment Research raised Chubb from a “hold” rating to a “buy” rating and set a $164.00 target price for the company in a report on Wednesday, January 3rd. One analyst has rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $163.92.

In other news, CEO Evan G. Greenberg sold 95,761 shares of the business’s stock in a transaction that occurred on Thursday, December 21st. The stock was sold at an average price of $145.56, for a total transaction of $13,938,971.16. Following the completion of the transaction, the chief executive officer now directly owns 1,367,229 shares in the company, valued at $199,013,853.24. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Timothy Alan Boroughs sold 18,611 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $151.22, for a total value of $2,814,355.42. Following the transaction, the insider now owns 201,165 shares of the company’s stock, valued at $30,420,171.30. The disclosure for this sale can be found here. Insiders own 0.43% of the company’s stock.

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Chubb Profile

Chubb Limited is a holding company. The Company, through its subsidiaries, provides a range of insurance and reinsurance products and services to clients around the world. Its segments include 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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Institutional Ownership by Quarter for Chubb (NYSE:CB)

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