Westbourne Investment Advisors Inc. Acquires 612 Shares of Chubb Limited (NYSE:CB)

Westbourne Investment Advisors Inc. grew its holdings in shares of Chubb Limited (NYSE:CB) by 3.7% in the fourth quarter, HoldingsChannel.com reports. The fund owned 16,971 shares of the financial services provider’s stock after purchasing an additional 612 shares during the period. Chubb accounts for about 1.5% of Westbourne Investment Advisors Inc.’s investment portfolio, making the stock its 27th largest holding. Westbourne Investment Advisors Inc.’s holdings in Chubb were worth $3,835,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of CB. Americana Partners LLC bought a new stake in Chubb during the third quarter worth about $292,000. Lazard Asset Management LLC lifted its position in Chubb by 978.1% in the 3rd quarter. Lazard Asset Management LLC now owns 546,556 shares of the financial services provider’s stock worth $113,781,000 after buying an additional 495,860 shares during the last quarter. BKM Wealth Management LLC purchased a new stake in Chubb in the fourth quarter worth approximately $1,403,000. Royal Bank of Canada grew its position in Chubb by 14.1% during the third quarter. Royal Bank of Canada now owns 1,550,856 shares of the financial services provider’s stock valued at $322,857,000 after acquiring an additional 191,317 shares during the last quarter. Finally, Cox Capital Mgt LLC raised its stake in shares of Chubb by 48.0% during the fourth quarter. Cox Capital Mgt LLC now owns 16,661 shares of the financial services provider’s stock worth $3,765,000 after acquiring an additional 5,407 shares in the last quarter. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Insider Activity

In related news, CAO Annmarie T. Hagan sold 7,180 shares of the firm’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $245.04, for a total value of $1,759,387.20. Following the transaction, the chief accounting officer now directly owns 6,105 shares of the company’s stock, valued at approximately $1,495,969.20. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, EVP Timothy Alan Boroughs sold 33,150 shares of the stock in a transaction on Monday, February 26th. The shares were sold at an average price of $255.11, for a total value of $8,456,896.50. Following the completion of the sale, the executive vice president now directly owns 50,486 shares of the company’s stock, valued at $12,879,483.46. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Annmarie T. Hagan sold 7,180 shares of Chubb stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $245.04, for a total transaction of $1,759,387.20. Following the transaction, the chief accounting officer now owns 6,105 shares in the company, valued at approximately $1,495,969.20. The disclosure for this sale can be found here. Insiders sold a total of 116,043 shares of company stock valued at $29,766,694 in the last 90 days. Company insiders own 0.37% of the company’s stock.

Analysts Set New Price Targets

CB has been the subject of a number of research reports. StockNews.com cut shares of Chubb from a “buy” rating to a “hold” rating in a research note on Friday, March 22nd. The Goldman Sachs Group lowered shares of Chubb from a “buy” rating to a “neutral” rating and set a $222.00 price target for the company. in a research report on Monday, January 8th. Citigroup reiterated a “neutral” rating and issued a $275.00 price objective (up previously from $238.00) on shares of Chubb in a report on Thursday, March 14th. Raymond James increased their target price on Chubb from $270.00 to $285.00 and gave the company a “strong-buy” rating in a report on Thursday, February 1st. Finally, TD Cowen began coverage on Chubb in a research note on Wednesday, January 10th. They issued a “market perform” rating and a $254.00 price target on the stock. Ten research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Chubb presently has an average rating of “Moderate Buy” and an average price target of $255.06.

Chubb Stock Up 0.2 %

Shares of CB stock traded up $0.47 during midday trading on Thursday, reaching $258.97. 429,473 shares of the stock were exchanged, compared to its average volume of 1,772,733. The firm has a market cap of $105.08 billion, a PE ratio of 11.84, a price-to-earnings-growth ratio of 1.21 and a beta of 0.62. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.20. The company’s 50 day moving average is $249.27 and its two-hundred day moving average is $229.46. Chubb Limited has a 1 year low of $183.71 and a 1 year high of $260.58.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, January 30th. The financial services provider reported $8.30 EPS for the quarter, beating the consensus estimate of $5.07 by $3.23. The firm had revenue of $13.38 billion during the quarter, compared to analyst estimates of $12.88 billion. Chubb had a net margin of 18.11% and a return on equity of 16.45%. On average, equities research analysts predict that Chubb Limited will post 21.16 EPS for the current year.

Chubb Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 5th. Stockholders of record on Friday, March 15th will be paid a dividend of $0.86 per share. This represents a $3.44 annualized dividend and a dividend yield of 1.33%. The ex-dividend date is Thursday, March 14th. Chubb’s dividend payout ratio is presently 15.76%.

Chubb Profile

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 risk, cyber risk, surety, and casualty; and group accident and health insurance to large, middle market, and small commercial businesses.