Global Retirement Partners LLC raised its position in shares of Chubb Limited (NYSE:CB) by 1.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,511 shares of the financial services provider’s stock after acquiring an additional 108 shares during the quarter. Global Retirement Partners LLC’s holdings in Chubb were worth $1,156,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Arlington Partners LLC bought a new stake in Chubb during the 4th quarter valued at approximately $27,000. FinTrust Capital Advisors LLC boosted its position in Chubb by 95.3% during the 2nd quarter. FinTrust Capital Advisors LLC now owns 332 shares of the financial services provider’s stock valued at $42,000 after acquiring an additional 162 shares in the last quarter. Front Row Advisors LLC boosted its position in Chubb by 21.5% during the 3rd quarter. Front Row Advisors LLC now owns 384 shares of the financial services provider’s stock valued at $58,000 after acquiring an additional 68 shares in the last quarter. Horan Capital Advisors LLC. bought a new stake in Chubb during the 3rd quarter valued at approximately $54,000. Finally, Field & Main Bank bought a new stake in Chubb during the 3rd quarter valued at approximately $59,000. 85.79% of the stock is currently owned by institutional investors and hedge funds.

In other news, COO John W. Keogh sold 23,432 shares of the business’s stock in a transaction on Tuesday, December 15th. The shares were sold at an average price of $153.04, for a total transaction of $3,586,033.28. Following the completion of the sale, the chief operating officer now owns 220,587 shares of the company’s stock, valued at approximately $33,758,634.48. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Timothy Alan Boroughs sold 17,321 shares of the business’s stock in a transaction on Monday, December 7th. The shares were sold at an average price of $152.45, for a total transaction of $2,640,586.45. Following the sale, the executive vice president now directly owns 185,465 shares of the company’s stock, valued at approximately $28,274,139.25. The disclosure for this sale can be found here. In the last ninety days, insiders sold 185,683 shares of company stock valued at $27,794,915. 0.37% of the stock is currently owned by insiders.

NYSE:CB opened at $157.12 on Thursday. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 0.26. Chubb Limited has a 12 month low of $87.35 and a 12 month high of $167.74. The company has a market cap of $70.92 billion, a PE ratio of 31.30, a price-to-earnings-growth ratio of 1.37 and a beta of 0.67. The company has a 50 day simple moving average of $152.92 and a two-hundred day simple moving average of $134.23.

Chubb (NYSE:CB) last posted its earnings results on Sunday, November 1st. The financial services provider reported $2.00 EPS for the quarter, missing analysts’ consensus estimates of $2.19 by ($0.19). Chubb had a return on equity of 5.33% and a net margin of 6.24%. The company had revenue of $10.09 billion during the quarter, compared to the consensus estimate of $9.54 billion. During the same period last year, the firm posted $2.70 EPS. Research analysts forecast that Chubb Limited will post 7.03 earnings per share for the current year.

Chubb announced that its Board of Directors has initiated a share repurchase plan on Thursday, November 19th that allows the company to buyback $1.50 billion in shares. This buyback authorization allows the financial services provider to reacquire up to 2.3% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board of directors believes its stock is undervalued.

The business also recently announced a quarterly dividend, which was paid on Friday, January 8th. Shareholders of record on Friday, December 18th were given a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date was Thursday, December 17th. Chubb’s dividend payout ratio (DPR) is presently 30.86%.

CB has been the topic of several research reports. Deutsche Bank Aktiengesellschaft lifted their price objective on Chubb from $135.00 to $136.00 and gave the company a “hold” rating in a research report on Thursday, October 29th. Credit Suisse Group lifted their target price on shares of Chubb from $144.00 to $152.00 and gave the company an “outperform” rating in a report on Tuesday, November 3rd. Bank of America lowered shares of Chubb from a “neutral” rating to an “underperform” rating and lifted their target price for the company from $132.00 to $138.00 in a report on Tuesday, December 22nd. Raymond James upgraded shares of Chubb from an “outperform” rating to a “strong-buy” rating and lifted their target price for the company from $150.00 to $180.00 in a report on Tuesday, November 24th. Finally, JPMorgan Chase & Co. lowered shares of Chubb from an “overweight” rating to a “neutral” rating and lifted their target price for the company from $152.00 to $155.00 in a report on Monday, January 4th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the stock. Chubb has a consensus rating of “Buy” and a consensus price target of $155.63.

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, casualty, workers' compensation, package policies, 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.

Further Reading: Dividend Kings

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Institutional Ownership by Quarter for Chubb (NYSE:CB)

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