Level Four Advisory Services LLC grew its stake in shares of Chubb Limited (NYSE:CB – Get Rating) by 26.2% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 7,069 shares of the financial services provider’s stock after purchasing an additional 1,468 shares during the period. Level Four Advisory Services LLC’s holdings in Chubb were worth $1,366,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds also recently modified their holdings of CB. Selective Wealth Management Inc. boosted its stake in shares of Chubb by 92.0% in the 4th quarter. Selective Wealth Management Inc. now owns 192 shares of the financial services provider’s stock worth $37,000 after buying an additional 92 shares during the last quarter. Shore Point Advisors LLC purchased a new position in Chubb in the fourth quarter valued at approximately $39,000. Equitec Proprietary Markets LLC purchased a new position in Chubb in the fourth quarter valued at approximately $46,000. Curi Wealth Management LLC purchased a new position in Chubb in the fourth quarter valued at approximately $49,000. Finally, Baystate Wealth Management LLC lifted its stake in Chubb by 32.2% in the fourth quarter. Baystate Wealth Management LLC now owns 271 shares of the financial services provider’s stock valued at $52,000 after purchasing an additional 66 shares during the last quarter. 88.86% of the stock is owned by hedge funds and other institutional investors.
Several equities research analysts have issued reports on CB shares. Barclays dropped their target price on Chubb from $250.00 to $249.00 and set an “overweight” rating on the stock in a research report on Friday. Royal Bank of Canada increased their target price on Chubb from $230.00 to $239.00 and gave the stock an “outperform” rating in a research report on Monday, April 4th. StockNews.com started coverage on shares of Chubb in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Raymond James upped their price target on shares of Chubb from $240.00 to $250.00 in a report on Thursday, April 28th. Finally, Morgan Stanley upped their price target on shares of Chubb from $210.00 to $224.00 and gave the company an “equal weight” rating in a research report on Friday, February 4th. Four equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Chubb currently has an average rating of “Buy” and an average target price of $221.73.
Chubb (NYSE:CB – Get Rating) last released its quarterly earnings data on Tuesday, April 26th. The financial services provider reported $3.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.48 by $0.34. Chubb had a net margin of 19.65% and a return on equity of 10.30%. During the same quarter in the previous year, the company earned $2.52 earnings per share. On average, sell-side analysts predict that Chubb Limited will post 14.92 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, July 8th. Shareholders of record on Friday, June 17th will be given a dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, June 16th. This is a boost from Chubb’s previous quarterly dividend of $0.80. This represents a $3.32 dividend on an annualized basis and a dividend yield of 1.63%. Chubb’s dividend payout ratio (DPR) is currently 17.04%.
In related news, insider John J. Lupica sold 22,436 shares of Chubb stock in a transaction that occurred on Tuesday, March 22nd. The shares were sold at an average price of $215.00, for a total value of $4,823,740.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider John J. Lupica sold 901 shares of Chubb stock in a transaction that occurred on Wednesday, February 23rd. The shares were sold at an average price of $204.39, for a total transaction of $184,155.39. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 68,993 shares of company stock valued at $14,424,803. Company insiders own 0.39% of the company’s stock.
About Chubb (Get Rating)
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, cyber risk, surety, and excess casualty; and group accident and health insurance to large, middle market, and small commercial businesses.
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