Delta Financial Advisors LLC Has $1.32 Million Holdings in Chubb Limited (NYSE:CB)

Delta Financial Advisors LLC cut its stake in shares of Chubb Limited (NYSE:CB) by 2.0% in the fourth quarter, Holdings Channel reports. The firm owned 5,818 shares of the financial services provider’s stock after selling 120 shares during the quarter. Delta Financial Advisors LLC’s holdings in Chubb were worth $1,315,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. ICA Group Wealth Management LLC bought a new position in Chubb during the fourth quarter worth about $25,000. IMA Wealth Inc. lifted its holdings in shares of Chubb by 275.7% in the second quarter. IMA Wealth Inc. now owns 139 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 102 shares in the last quarter. BOK Financial Private Wealth Inc. bought a new stake in shares of Chubb in the third quarter valued at about $28,000. ZRC Wealth Management LLC bought a new stake in shares of Chubb in the fourth quarter valued at about $29,000. Finally, Tennessee Valley Asset Management Partners bought a new stake in Chubb during the fourth quarter worth about $32,000. 83.81% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Chubb news, EVP Timothy Alan Boroughs sold 14,303 shares of the company’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $258.78, for a total transaction of $3,701,330.34. Following the completion of the sale, the executive vice president now directly owns 35,662 shares in the company, valued at $9,228,612.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CAO Annmarie T. Hagan sold 7,180 shares of the 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 completion of the transaction, the chief accounting officer now directly owns 6,105 shares in the company, valued at approximately $1,495,969.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Timothy Alan Boroughs sold 14,303 shares of the stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $258.78, for a total value of $3,701,330.34. Following the completion of the transaction, the executive vice president now owns 35,662 shares of the company’s stock, valued at $9,228,612.36. The disclosure for this sale can be found here. Insiders sold 116,043 shares of company stock worth $29,766,694 over the last three months. Insiders own 0.86% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Morgan Stanley upped their target price on Chubb from $258.00 to $260.00 and gave the stock an “equal weight” rating in a report on Monday. Keefe, Bruyette & Woods boosted their price target on Chubb from $275.00 to $297.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 10th. The Goldman Sachs Group boosted their price target on Chubb from $228.00 to $254.00 and gave the stock a “neutral” rating in a research report on Friday, April 12th. UBS Group upped their target price on Chubb from $245.00 to $256.00 and gave the company a “neutral” rating in a research report on Monday, February 5th. Finally, StockNews.com raised Chubb from a “hold” rating to a “buy” rating in a research report on Saturday, March 30th. Nine investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $266.37.

Chubb Price Performance

NYSE:CB traded up $1.40 during trading hours on Thursday, reaching $244.93. 587,966 shares of the company were exchanged, compared to its average volume of 1,704,059. The company has a market capitalization of $99.44 billion, a P/E ratio of 11.15, a P/E/G ratio of 1.16 and a beta of 0.62. Chubb Limited has a 1-year low of $183.71 and a 1-year high of $260.58. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.29 and a quick ratio of 0.29. The business has a 50 day moving average of $252.43 and a 200 day moving average of $233.80.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, January 30th. The financial services provider reported $8.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.07 by $3.23. The business had revenue of $13.38 billion for the quarter, compared to the consensus estimate of $12.88 billion. Chubb had a return on equity of 16.45% and a net margin of 18.11%. Research analysts forecast that Chubb Limited will post 21.13 EPS for the current year.

Chubb Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Friday, March 15th were paid a dividend of $0.86 per share. This represents a $3.44 annualized dividend and a yield of 1.40%. The ex-dividend date of this dividend was Thursday, March 14th. Chubb’s 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.