Chubb Limited (NYSE:CB) Shares Bought by Buckhead Capital Management LLC

Buckhead Capital Management LLC lifted its position in shares of Chubb Limited (NYSE:CB) by 10.3% during the 4th quarter, Holdings Channel.com reports. The fund owned 10,755 shares of the financial services provider’s stock after buying an additional 1,000 shares during the period. Buckhead Capital Management LLC’s holdings in Chubb were worth $2,431,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of CB. Concord Wealth Partners lifted its holdings in Chubb by 700.7% in the fourth quarter. Concord Wealth Partners now owns 2,282 shares of the financial services provider’s stock worth $516,000 after acquiring an additional 1,997 shares during the last quarter. Essex Financial Services Inc. boosted its stake in Chubb by 2.1% in the 4th quarter. Essex Financial Services Inc. now owns 4,116 shares of the financial services provider’s stock worth $930,000 after purchasing an additional 85 shares during the period. Victory Capital Management Inc. boosted its stake in shares of Chubb by 48.5% during the 4th quarter. Victory Capital Management Inc. now owns 344,917 shares of the financial services provider’s stock valued at $77,951,000 after buying an additional 112,689 shares during the period. Berry Wealth Group LP acquired a new stake in shares of Chubb during the 4th quarter valued at $4,448,000. Finally, Hexagon Capital Partners LLC boosted its stake in shares of Chubb by 34.7% during the 4th quarter. Hexagon Capital Partners LLC now owns 388 shares of the financial services provider’s stock valued at $88,000 after buying an additional 100 shares during the period. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Wall Street Analysts Forecast Growth

CB has been the topic of a number of recent research reports. The Goldman Sachs Group raised their price target on shares of Chubb from $228.00 to $254.00 and gave the company a “neutral” rating in a report on Friday, April 12th. HSBC reiterated a “hold” rating and set a $270.00 target price (down from $275.00) on shares of Chubb in a research report on Thursday, April 4th. JMP Securities restated a “market outperform” rating and issued a $280.00 price target on shares of Chubb in a research report on Monday, April 15th. Citigroup restated a “neutral” rating and issued a $275.00 price target (up from $238.00) on shares of Chubb in a research report on Thursday, March 14th. Finally, TD Cowen started coverage on shares of Chubb in a research report on Wednesday, January 10th. They set a “market perform” rating and a $254.00 target price on the stock. Ten analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Chubb presently has a consensus rating of “Moderate Buy” and a consensus target price of $266.89.

Insider Transactions at Chubb

In other news, CAO Annmarie T. Hagan sold 7,180 shares of Chubb stock in a transaction dated 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 owns 6,105 shares of the company’s stock, valued at approximately $1,495,969.20. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Chubb 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 transaction of $8,923,418.88. Following the completion of the sale, the insider now directly owns 130,937 shares in the company, valued at approximately $33,902,208.04. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Annmarie T. Hagan sold 7,180 shares of the business’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $245.04, for a total value of $1,759,387.20. Following the sale, the chief accounting officer now owns 6,105 shares of the company’s stock, valued at $1,495,969.20. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 116,043 shares of company stock worth $29,766,694. Insiders own 0.86% of the company’s stock.

Chubb Stock Up 0.5 %

CB traded up $1.29 during trading on Wednesday, hitting $249.93. 1,144,889 shares of the company’s stock were exchanged, compared to its average volume of 1,748,593. Chubb Limited has a fifty-two week low of $183.71 and a fifty-two week high of $260.58. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.21. The stock has a market cap of $101.49 billion, a P/E ratio of 11.04, a PEG ratio of 1.18 and a beta of 0.62. The business’s 50 day moving average is $252.26 and its two-hundred day moving average is $236.43.

Chubb (NYSE:CB) last issued its earnings results on Tuesday, April 23rd. The financial services provider reported $5.41 earnings per share for the quarter, topping analysts’ consensus estimates of $5.29 by $0.12. The firm had revenue of $12.22 billion during the quarter, compared to analyst estimates of $11.75 billion. Chubb had a net margin of 17.99% and a return on equity of 16.29%. The company’s quarterly revenue was up 14.1% on a year-over-year basis. During the same quarter last year, the business earned $4.41 earnings per share. As a group, equities analysts expect that Chubb Limited will post 21.18 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Friday, March 15th were issued a $0.86 dividend. This represents a $3.44 annualized dividend and a dividend yield of 1.38%. The ex-dividend date was Thursday, March 14th. Chubb’s dividend payout ratio is 15.27%.

Chubb Company 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.