TIAA Trust National Association Buys 1,555 Shares of Chubb Limited $CB

TIAA Trust National Association grew its stake in shares of Chubb Limited (NYSE:CB) by 14.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 12,688 shares of the financial services provider’s stock after purchasing an additional 1,555 shares during the period. TIAA Trust National Association’s holdings in Chubb were worth $3,960,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CB. CBIZ Investment Advisory Services LLC increased its holdings in Chubb by 148.5% during the 4th quarter. CBIZ Investment Advisory Services LLC now owns 82 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 49 shares in the last quarter. KERR FINANCIAL PLANNING Corp purchased a new stake in shares of Chubb during the third quarter valued at approximately $31,000. Laurel Wealth Advisors LLC purchased a new stake in shares of Chubb during the fourth quarter valued at approximately $31,000. Ares Financial Consulting LLC purchased a new stake in shares of Chubb during the fourth quarter valued at approximately $32,000. Finally, Cherry Tree Wealth Management LLC increased its position in shares of Chubb by 38.3% during the fourth quarter. Cherry Tree Wealth Management LLC now owns 112 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 31 shares during the last quarter. 83.81% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently commented on CB shares. Deutsche Bank Aktiengesellschaft increased their price target on Chubb from $304.00 to $330.00 and gave the company a “hold” rating in a research report on Monday, March 23rd. HSBC increased their price target on Chubb from $362.00 to $370.00 and gave the company a “buy” rating in a research report on Thursday, April 23rd. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $315.00 price target on shares of Chubb in a research report on Wednesday, April 22nd. Barclays increased their price target on Chubb from $374.00 to $375.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 22nd. Finally, Weiss Ratings raised Chubb from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Monday, April 27th. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $349.43.

Insider Activity at Chubb

In related news, Director Olivier Steimer sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $329.30, for a total value of $658,600.00. Following the transaction, the director owned 25,468 shares in the company, valued at approximately $8,386,612.40. This represents a 7.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO John W. Keogh sold 23,000 shares of the stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $321.51, for a total value of $7,394,730.00. Following the sale, the chief operating officer owned 203,322 shares in the company, valued at approximately $65,370,056.22. This represents a 10.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.37% of the stock is currently owned by corporate insiders.

Chubb Price Performance

Chubb stock opened at $330.55 on Thursday. Chubb Limited has a 12 month low of $264.10 and a 12 month high of $345.67. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.20. The business’s 50 day simple moving average is $324.87 and its 200 day simple moving average is $318.67. The company has a market cap of $128.21 billion, a price-to-earnings ratio of 11.67, a PEG ratio of 1.66 and a beta of 0.41.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, March 31st. The financial services provider reported $6.82 EPS for the quarter. Chubb had a return on equity of 14.30% and a net margin of 18.58%.The business had revenue of $14.93 billion for the quarter. Sell-side analysts forecast that Chubb Limited will post 26.8 EPS for the current year.

Chubb Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Friday, June 12th will be paid a $1.02 dividend. The ex-dividend date is Friday, June 12th. This is a positive change from Chubb’s previous quarterly dividend of $0.97. This represents a $4.08 annualized dividend and a yield of 1.2%. Chubb’s dividend payout ratio (DPR) is currently 14.41%.

About Chubb

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.