Hsbc Holdings PLC Purchases 37,647 Shares of Chubb Limited $CB

Hsbc Holdings PLC increased its position in Chubb Limited (NYSE:CB) by 10.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 412,027 shares of the financial services provider’s stock after acquiring an additional 37,647 shares during the period. Hsbc Holdings PLC’s holdings in Chubb were worth $128,967,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of CB. Worthington Financial Partners LLC bought a new stake in shares of Chubb during the 4th quarter valued at about $431,000. Bayban bought a new position in shares of Chubb in the 4th quarter worth approximately $159,000. Pure Financial Advisors LLC boosted its holdings in shares of Chubb by 131.4% in the fourth quarter. Pure Financial Advisors LLC now owns 2,161 shares of the financial services provider’s stock worth $674,000 after buying an additional 1,227 shares during the last quarter. EJMK Ventures LLC purchased a new position in shares of Chubb in the fourth quarter worth approximately $323,000. Finally, NWF Advisory Services Inc. grew its position in Chubb by 52.9% during the fourth quarter. NWF Advisory Services Inc. now owns 12,486 shares of the financial services provider’s stock valued at $3,897,000 after buying an additional 4,319 shares during the period. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Insider Buying and Selling at Chubb

In related news, COO John W. Keogh sold 23,000 shares of the firm’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $321.51, for a total transaction of $7,394,730.00. Following the completion of the transaction, the chief operating officer directly owned 203,322 shares of the company’s stock, valued at approximately $65,370,056.22. This trade represents a 10.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.37% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. The Goldman Sachs Group decreased their price target on shares of Chubb from $372.00 to $362.00 and set a “buy” rating on the stock in a research report on Monday, June 8th. Evercore upped their price objective on Chubb from $347.00 to $349.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 22nd. Deutsche Bank Aktiengesellschaft raised their target price on Chubb from $304.00 to $330.00 and gave the stock a “hold” rating in a report on Monday, March 23rd. Jefferies Financial Group lowered their target price on Chubb from $356.00 to $352.00 and set a “hold” rating on the stock in a research report on Thursday, April 23rd. Finally, Bank of America cut their price target on Chubb from $286.00 to $271.00 and set an “underperform” rating for the company in a report on Tuesday, April 14th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $349.10.

Chubb Stock Performance

NYSE:CB opened at $323.88 on Monday. The stock has a 50-day moving average price of $324.70 and a 200 day moving average price of $320.15. The stock has a market capitalization of $125.62 billion, a P/E ratio of 11.44, a P/E/G ratio of 1.65 and a beta of 0.41. 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.

Chubb (NYSE:CB) last posted its quarterly earnings results 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 company had revenue of $14.93 billion for the quarter. Equities research analysts forecast that Chubb Limited will post 26.8 EPS for the current fiscal year.

Chubb Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Friday, June 12th will be given a dividend of $1.02 per share. This is a positive change from Chubb’s previous quarterly dividend of $0.97. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Friday, June 12th. 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.