Mach 1 Financial Group LLC Grows Stake in Chubb Limited (NYSE:CB)

Mach 1 Financial Group LLC grew its holdings in Chubb Limited (NYSE:CB) by 15.8% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 11,968 shares of the financial services provider’s stock after acquiring an additional 1,630 shares during the period. Chubb accounts for approximately 1.0% of Mach 1 Financial Group LLC’s investment portfolio, making the stock its 24th biggest holding. Mach 1 Financial Group LLC’s holdings in Chubb were worth $2,705,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. ZRC Wealth Management LLC purchased a new position in shares of Chubb in the 4th quarter valued at approximately $29,000. Tennessee Valley Asset Management Partners bought a new position in Chubb during the 4th quarter valued at approximately $32,000. Naples Money Management LLC bought a new position in Chubb during the 4th quarter valued at approximately $34,000. Bell Investment Advisors Inc increased its position in Chubb by 39.6% during the 3rd quarter. Bell Investment Advisors Inc now owns 208 shares of the financial services provider’s stock valued at $43,000 after buying an additional 59 shares in the last quarter. Finally, Addison Advisors LLC increased its position in Chubb by 87.0% during the 4th quarter. Addison Advisors LLC now owns 215 shares of the financial services provider’s stock valued at $49,000 after buying an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Insider Activity at Chubb

In other news, insider John J. Lupica sold 34,464 shares of the business’s stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $258.92, for a total value of $8,923,418.88. Following the transaction, the insider now directly owns 130,937 shares in the company, valued at $33,902,208.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CAO Annmarie T. Hagan sold 7,180 shares of the stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $245.04, for a total transaction of $1,759,387.20. Following the completion of the transaction, the chief accounting officer now directly owns 6,105 shares of the company’s stock, valued at $1,495,969.20. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider John J. Lupica sold 34,464 shares of the stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $258.92, for a total value of $8,923,418.88. Following the transaction, the insider now directly owns 130,937 shares of the company’s stock, valued at $33,902,208.04. The disclosure for this sale can be found here. Over the last three months, insiders have sold 116,043 shares of company stock worth $29,766,694. Corporate insiders own 0.86% of the company’s stock.

Chubb Stock Performance

Shares of CB traded down $0.60 during trading hours on Tuesday, hitting $248.62. The stock had a trading volume of 1,862,883 shares, compared to its average volume of 1,755,866. The firm has a market capitalization of $100.94 billion, a PE ratio of 11.04, a PEG ratio of 1.16 and a beta of 0.62. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.35 and a quick ratio of 0.29. The stock has a fifty day moving average price of $252.26 and a 200 day moving average price of $236.43. Chubb Limited has a 12 month low of $183.71 and a 12 month high of $260.58.

Chubb (NYSE:CB) last released its earnings results on Tuesday, April 23rd. The financial services provider reported $5.41 earnings per share for the quarter, beating the consensus estimate of $5.29 by $0.12. The company had revenue of $12.22 billion for the quarter, compared to the consensus estimate of $11.75 billion. Chubb had a return on equity of 16.29% and a net margin of 17.99%. Chubb’s quarterly revenue was up 14.1% compared to the same quarter last year. During the same period in the previous year, the business earned $4.41 earnings per share. Analysts anticipate that Chubb Limited will post 21.17 EPS for the current year.

Chubb Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Friday, March 15th were given a dividend of $0.86 per share. The ex-dividend date was Thursday, March 14th. This represents a $3.44 annualized dividend and a yield of 1.38%. Chubb’s dividend payout ratio (DPR) is presently 15.27%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on CB. Royal Bank of Canada reduced their price objective on Chubb from $295.00 to $285.00 and set an “outperform” rating for the company in a research report on Thursday, April 25th. JPMorgan Chase & Co. raised their price objective on Chubb from $253.00 to $266.00 and gave the company a “neutral” rating in a research report on Monday, April 8th. The Goldman Sachs Group raised their price objective on Chubb from $228.00 to $254.00 and gave the company a “neutral” rating in a research report on Friday, April 12th. Roth Mkm reissued a “buy” rating and issued a $280.00 target price on shares of Chubb in a report on Wednesday, April 24th. Finally, HSBC reissued a “hold” rating and issued a $270.00 target price (down previously from $275.00) on shares of Chubb in a report on Thursday, April 4th. Ten 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. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $266.89.

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.