Todd Asset Management LLC Purchases New Shares in Chubb Limited (NYSE:CB)

Todd Asset Management LLC bought a new position in shares of Chubb Limited (NYSE:CB) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 138,450 shares of the financial services provider’s stock, valued at approximately $31,290,000.

A number of other institutional investors have also added to or reduced their stakes in CB. Wellington Management Group LLP boosted its position in shares of Chubb by 0.8% in the 3rd quarter. Wellington Management Group LLP now owns 18,522,413 shares of the financial services provider’s stock worth $3,855,996,000 after purchasing an additional 138,142 shares in the last quarter. Deutsche Bank AG boosted its holdings in Chubb by 426.8% in the third quarter. Deutsche Bank AG now owns 16,119,520 shares of the financial services provider’s stock worth $3,355,762,000 after acquiring an additional 13,059,385 shares in the last quarter. Northern Trust Corp grew its stake in shares of Chubb by 2.3% in the third quarter. Northern Trust Corp now owns 4,221,419 shares of the financial services provider’s stock worth $878,815,000 after acquiring an additional 93,885 shares during the last quarter. Raymond James & Associates increased its holdings in shares of Chubb by 2.6% during the fourth quarter. Raymond James & Associates now owns 3,103,101 shares of the financial services provider’s stock valued at $701,301,000 after acquiring an additional 77,453 shares in the last quarter. Finally, Boston Partners raised its position in shares of Chubb by 6.4% in the 3rd quarter. Boston Partners now owns 2,850,197 shares of the financial services provider’s stock worth $594,006,000 after purchasing an additional 170,774 shares during the last quarter. Institutional investors own 83.81% of the company’s stock.

Chubb Price Performance

NYSE CB traded down $1.71 during trading hours on Friday, reaching $248.54. The company’s stock had a trading volume of 1,444,710 shares, compared to its average volume of 1,737,362. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.21. Chubb Limited has a 1 year low of $183.71 and a 1 year high of $260.58. The firm’s 50-day moving average price is $251.96 and its 200-day moving average price is $236.86. The company has a market capitalization of $100.92 billion, a price-to-earnings ratio of 11.03, a PEG ratio of 1.17 and a beta of 0.63.

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

Chubb Announces Dividend

The firm 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. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $3.44 dividend on an annualized basis and a dividend yield of 1.38%. Chubb’s dividend payout ratio (DPR) is presently 15.27%.

Insider Activity at Chubb

In related news, EVP Timothy Alan Boroughs sold 33,150 shares of Chubb stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $255.11, for a total transaction of $8,456,896.50. Following the completion of the transaction, the executive vice president now directly owns 50,486 shares of the company’s stock, valued at approximately $12,879,483.46. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, insider John J. Lupica sold 34,464 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the insider now 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 can be accessed through the SEC website. Also, EVP Timothy Alan Boroughs sold 33,150 shares of the firm’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $255.11, for a total value of $8,456,896.50. Following the transaction, the executive vice president now owns 50,486 shares in the company, valued at $12,879,483.46. The disclosure for this sale can be found here. In the last quarter, insiders sold 108,863 shares of company stock valued at $28,007,307. Insiders own 0.86% of the company’s stock.

Wall Street Analysts Forecast Growth

CB has been the topic of several recent analyst reports. JPMorgan Chase & Co. increased 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. JMP Securities reiterated a “market outperform” rating and issued a $280.00 price objective on shares of Chubb in a research note on Monday, April 15th. Citigroup reissued a “neutral” rating and issued a $275.00 price objective (up previously from $238.00) on shares of Chubb in a report on Thursday, March 14th. BMO Capital Markets upped their target price on shares of Chubb from $220.00 to $240.00 and gave the company a “market perform” rating in a report on Monday, February 5th. Finally, UBS Group lifted their price target on shares of Chubb from $245.00 to $256.00 and gave the stock a “neutral” rating in a research note on Monday, February 5th. Ten research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Chubb presently has a consensus rating of “Moderate Buy” and a consensus 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.