Lantz Financial LLC Invests $1.31 Million in Chubb Ltd (CB)
Lantz Financial LLC acquired a new stake in shares of Chubb Ltd (NYSE:CB) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 9,359 shares of the financial services provider’s stock, valued at approximately $1,311,000.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Howland Capital Management LLC raised its position in shares of Chubb by 0.5% during the 1st quarter. Howland Capital Management LLC now owns 167,246 shares of the financial services provider’s stock valued at $23,428,000 after buying an additional 799 shares in the last quarter. Horan Capital Advisors LLC. purchased a new stake in Chubb in the 1st quarter worth about $65,000. CWM LLC raised its position in Chubb by 195.7% in the 1st quarter. CWM LLC now owns 22,301 shares of the financial services provider’s stock worth $3,124,000 after purchasing an additional 14,758 shares during the period. Winslow Evans & Crocker Inc. raised its position in Chubb by 2,233.3% in the 1st quarter. Winslow Evans & Crocker Inc. now owns 280 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 268 shares during the period. Finally, Financial Gravity Wealth Inc. purchased a new stake in Chubb in the 1st quarter worth about $216,000. 88.71% of the stock is owned by institutional investors and hedge funds.
CB stock traded down $0.62 during mid-day trading on Monday, reaching $138.04. The company had a trading volume of 828,113 shares, compared to its average volume of 1,557,010. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.32 and a quick ratio of 0.32. Chubb Ltd has a 12 month low of $119.54 and a 12 month high of $141.59. The company has a market capitalization of $62.97 billion, a P/E ratio of 14.62, a P/E/G ratio of 1.32 and a beta of 0.82.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 22nd were paid a dividend of $0.73 per share. The ex-dividend date of this dividend was Thursday, March 21st. This represents a $2.92 dividend on an annualized basis and a dividend yield of 2.12%. Chubb’s dividend payout ratio is presently 30.93%.
In other news, insider Paul Bennett Medini sold 2,437 shares of the stock in a transaction that occurred on Wednesday, February 20th. The shares were sold at an average price of $133.94, for a total transaction of $326,411.78. Following the transaction, the insider now directly owns 95,101 shares in the company, valued at $12,737,827.94. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider John J. Lupica sold 17,879 shares of the stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $134.95, for a total transaction of $2,412,771.05. Following the transaction, the insider now owns 192,265 shares in the company, valued at $25,946,161.75. The disclosure for this sale can be found here. 0.47% of the stock is currently owned by company insiders.
A number of analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Chubb from a “hold” rating to a “sell” rating in a research report on Wednesday, February 6th. Sandler O’Neill downgraded shares of Chubb from a “buy” rating to a “hold” rating in a research note on Wednesday, April 3rd. Raymond James dropped their target price on shares of Chubb from $160.00 to $150.00 and set an “outperform” rating on the stock in a research note on Monday, February 11th. Morgan Stanley downgraded shares of Chubb from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, April 17th. Finally, Wells Fargo & Co set a $160.00 target price on shares of Chubb and gave the stock a “buy” rating in a research note on Friday, January 18th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $151.33.
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Chubb Company Profile
Chubb Limited, through its subsidiaries, provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, marine, general casualty, workers' compensation, package policies, and risk management; professional lines, marine, construction, environmental, medical, cyber risk, surety, and excess casualty; and group accident and health insurance to large, middle market, and small commercial businesses in the United States, Canada, and Bermuda.
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