2,734 Shares in Chubb Limited (NYSE:CB) Bought by Great Lakes Retirement Inc.

Great Lakes Retirement Inc. purchased a new stake in Chubb Limited (NYSE:CB) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,734 shares of the financial services provider’s stock, valued at approximately $618,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Fairfield Bush & CO. acquired a new position in Chubb in the first quarter valued at approximately $195,000. Roundview Capital LLC increased its position in shares of Chubb by 2.6% during the first quarter. Roundview Capital LLC now owns 4,165 shares of the financial services provider’s stock worth $891,000 after purchasing an additional 106 shares in the last quarter. Sequoia Financial Advisors LLC lifted its holdings in shares of Chubb by 59.8% in the 1st quarter. Sequoia Financial Advisors LLC now owns 3,029 shares of the financial services provider’s stock valued at $648,000 after purchasing an additional 1,134 shares during the last quarter. Brighton Jones LLC boosted its position in shares of Chubb by 18.7% in the 1st quarter. Brighton Jones LLC now owns 1,287 shares of the financial services provider’s stock valued at $276,000 after purchasing an additional 203 shares during the period. Finally, Baird Financial Group Inc. increased its position in Chubb by 22.0% during the first quarter. Baird Financial Group Inc. now owns 154,794 shares of the financial services provider’s stock worth $33,110,000 after buying an additional 27,926 shares during the period. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Chubb

In related news, insider John J. Lupica sold 34,464 shares of the 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 transaction, the insider now directly owns 130,937 shares in the company, valued at $33,902,208.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CAO Annmarie T. Hagan sold 7,180 shares of the firm’s 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 transaction, the chief accounting officer now directly owns 6,105 shares in the company, valued at approximately $1,495,969.20. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, 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 sale, the insider now owns 130,937 shares of the company’s stock, valued at approximately $33,902,208.04. The disclosure for this sale can be found here. Insiders have sold 116,043 shares of company stock worth $29,766,694 over the last quarter. 0.37% of the stock is currently owned by insiders.

Analyst Ratings Changes

CB has been the topic of a number of recent research reports. TD Cowen initiated coverage on shares of Chubb in a report on Wednesday, January 10th. They issued a “market perform” rating and a $254.00 target price on the stock. Royal Bank of Canada upped their price objective on Chubb from $255.00 to $275.00 and gave the company an “outperform” rating in a research note on Thursday, February 1st. StockNews.com lowered Chubb from a “buy” rating to a “hold” rating in a report on Friday, March 22nd. Citigroup reiterated a “neutral” rating and issued a $275.00 price objective (up from $238.00) on shares of Chubb in a research report on Thursday, March 14th. Finally, Wells Fargo & Company upped their price objective on shares of Chubb from $234.00 to $255.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 1st. Ten analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $255.06.

Chubb Price Performance

Shares of Chubb stock traded up $1.20 on Thursday, hitting $259.70. The company’s stock had a trading volume of 1,101,841 shares, compared to its average volume of 1,782,133. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.20. The firm has a fifty day moving average price of $249.88 and a 200-day moving average price of $229.66. Chubb Limited has a 52-week low of $183.71 and a 52-week high of $260.58. The company has a market capitalization of $105.38 billion, a P/E ratio of 11.88, a price-to-earnings-growth ratio of 1.21 and a beta of 0.62.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, January 30th. The financial services provider reported $8.30 EPS for the quarter, beating analysts’ consensus estimates of $5.07 by $3.23. The business had revenue of $13.38 billion for the quarter, compared to analyst estimates of $12.88 billion. Chubb had a return on equity of 16.45% and a net margin of 18.11%. On average, equities research analysts expect that Chubb Limited will post 21.16 earnings per share for the current fiscal year.

Chubb Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 5th. Shareholders of record on Friday, March 15th will be paid a dividend of $0.86 per share. This represents a $3.44 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date is Thursday, March 14th. Chubb’s dividend payout ratio is presently 15.76%.

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.