Chubb Limited (NYSE:CB) Position Raised by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Chubb Limited (NYSE:CB) by 4.1% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 155,492 shares of the financial services provider’s stock after buying an additional 6,170 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Chubb were worth $35,141,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently added to or reduced their stakes in CB. ICA Group Wealth Management LLC bought a new stake in Chubb in the fourth quarter valued at $25,000. IMA Wealth Inc. lifted its stake in Chubb by 275.7% in the second quarter. IMA Wealth Inc. now owns 139 shares of the financial services provider’s stock valued at $27,000 after buying an additional 102 shares during the last quarter. BOK Financial Private Wealth Inc. bought a new stake in Chubb in the third quarter valued at $28,000. ZRC Wealth Management LLC bought a new stake in Chubb in the fourth quarter valued at $29,000. Finally, Tennessee Valley Asset Management Partners bought a new stake in Chubb in the fourth quarter valued at $32,000. 83.81% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on CB shares. Morgan Stanley raised their price target on Chubb from $258.00 to $260.00 and gave the company an “equal weight” rating in a report on Monday. Keefe, Bruyette & Woods raised their price target on Chubb from $275.00 to $297.00 and gave the company an “outperform” rating in a report on Wednesday, April 10th. The Goldman Sachs Group raised their price target on Chubb from $228.00 to $254.00 and gave the company a “neutral” rating in a report on Friday, April 12th. JPMorgan Chase & Co. raised their price target on Chubb from $253.00 to $266.00 and gave the company a “neutral” rating in a report on Monday, April 8th. Finally, UBS Group lifted their target price on Chubb from $245.00 to $256.00 and gave the stock a “neutral” rating in a report on Monday, February 5th. Nine analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Chubb presently has an average rating of “Moderate Buy” and an average price target of $266.37.

Chubb Trading Up 0.3 %

Shares of CB opened at $245.25 on Wednesday. The business’s 50-day moving average price is $252.50 and its 200 day moving average price is $233.73. The stock has a market capitalization of $99.57 billion, a P/E ratio of 11.23, a P/E/G ratio of 1.16 and a beta of 0.62. Chubb Limited has a 1-year low of $183.71 and a 1-year high of $260.58. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.20.

Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, January 30th. The financial services provider reported $8.30 EPS for the quarter, topping analysts’ consensus estimates of $5.07 by $3.23. Chubb had a return on equity of 16.45% and a net margin of 18.11%. The firm had revenue of $13.38 billion during the quarter, compared to analyst estimates of $12.88 billion. Analysts expect that Chubb Limited will post 21.15 earnings per share for the current year.

Chubb Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Friday, March 15th were given a dividend of $0.86 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $3.44 dividend on an annualized basis and a yield of 1.40%. Chubb’s payout ratio is presently 15.76%.

Insiders Place Their Bets

In other Chubb 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 transaction of $1,759,387.20. Following the completion of the sale, the chief accounting officer now directly owns 6,105 shares in the company, valued at approximately $1,495,969.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 transaction of $1,759,387.20. Following the completion of the sale, the chief accounting officer now directly owns 6,105 shares in the company, valued at approximately $1,495,969.20. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider John J. Lupica sold 34,464 shares of Chubb stock in a transaction dated 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 sale, the insider now owns 130,937 shares of the company’s stock, valued at $33,902,208.04. The disclosure for this sale can be found here. In the last ninety days, insiders sold 116,043 shares of company stock worth $29,766,694. 0.86% of the stock is currently owned by company insiders.

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.