Clare Market Investments LLC Invests $545,000 in Chubb Limited $CB

Clare Market Investments LLC acquired a new stake in shares of Chubb Limited (NYSE:CB) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,929 shares of the financial services provider’s stock, valued at approximately $545,000.

A number of other institutional investors have also added to or reduced their stakes in the business. Westbourne Investment Advisors Inc. lifted its holdings in shares of Chubb by 12.3% in the 3rd quarter. Westbourne Investment Advisors Inc. now owns 22,233 shares of the financial services provider’s stock worth $6,275,000 after acquiring an additional 2,427 shares during the last quarter. Assetmark Inc. boosted its position in Chubb by 14.1% during the second quarter. Assetmark Inc. now owns 71,294 shares of the financial services provider’s stock valued at $20,655,000 after buying an additional 8,828 shares during the period. Sivia Capital Partners LLC boosted its position in Chubb by 166.3% during the third quarter. Sivia Capital Partners LLC now owns 3,707 shares of the financial services provider’s stock valued at $1,046,000 after buying an additional 2,315 shares during the period. Caprock Group LLC bought a new position in shares of Chubb during the third quarter valued at about $3,123,000. Finally, Liberty One Investment Management LLC purchased a new position in shares of Chubb in the third quarter worth about $51,167,000. 83.81% of the stock is currently owned by institutional investors.

Insider Activity at Chubb

In other Chubb news, CEO Evan G. Greenberg sold 15,060 shares of Chubb stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $331.47, for a total transaction of $4,991,938.20. Following the sale, the chief executive officer directly owned 511,576 shares of the company’s stock, valued at approximately $169,572,096.72. The trade was a 2.86% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Timothy Alan Boroughs sold 27,817 shares of the firm’s stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $331.98, for a total value of $9,234,687.66. Following the completion of the transaction, the executive vice president owned 11,810 shares of the company’s stock, valued at approximately $3,920,683.80. The trade was a 70.20% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.77% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on CB shares. JPMorgan Chase & Co. increased their target price on Chubb from $327.00 to $330.00 and gave the company a “neutral” rating in a report on Wednesday, February 4th. Roth Mkm increased their price objective on Chubb from $330.00 to $360.00 and gave the company a “buy” rating in a research note on Wednesday, February 4th. BMO Capital Markets increased their price objective on Chubb from $283.00 to $326.00 and gave the company a “market perform” rating in a research note on Tuesday, February 10th. Barclays lifted their target price on shares of Chubb from $317.00 to $339.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 8th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of Chubb from $303.00 to $304.00 and gave the company a “hold” rating in a research report on Monday, November 24th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $340.81.

Chubb Stock Performance

Shares of CB stock opened at $340.29 on Friday. The firm has a market capitalization of $133.92 billion, a price-to-earnings ratio of 13.23, a PEG ratio of 2.15 and a beta of 0.49. The stock has a fifty day moving average of $315.97 and a 200 day moving average of $295.53. Chubb Limited has a 52 week low of $264.10 and a 52 week high of $342.69. The company has a quick ratio of 0.27, a current ratio of 0.24 and a debt-to-equity ratio of 0.20.

Chubb (NYSE:CB) last issued its quarterly earnings data on Tuesday, February 3rd. The financial services provider reported $7.52 EPS for the quarter, topping the consensus estimate of $6.33 by $1.19. Chubb had a net margin of 17.36% and a return on equity of 13.15%. The business had revenue of $2.08 billion during the quarter, compared to analyst estimates of $11.11 billion. During the same period in the prior year, the business earned $6.02 EPS. The company’s revenue for the quarter was up 8.9% on a year-over-year basis. As a group, research analysts expect that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 6th. Shareholders of record on Friday, March 13th will be issued a $0.97 dividend. The ex-dividend date is Friday, March 13th. This represents a $3.88 annualized dividend and a yield of 1.1%. Chubb’s dividend payout ratio (DPR) is 15.08%.

Chubb Profile

Chubb is a global property and casualty insurance company that underwrites a broad range of commercial and personal insurance products and related services. Its offerings include commercial property and casualty coverage, specialty liability, professional and management liability, cyber and technology insurance, marine and energy, surety, accident and health solutions, and high-net-worth personal lines such as homeowners, auto and valuables protection. Chubb serves businesses, individuals and institutions with tailored underwriting and risk-transfer solutions across multiple industry sectors.

In addition to core underwriting, Chubb provides risk engineering, loss control, claims management and risk consulting services intended to reduce loss severity and help clients manage exposures.