2,438 Shares in Chubb Limited (NYSE:CB) Acquired by GAMMA Investing LLC

GAMMA Investing LLC bought a new position in Chubb Limited (NYSE:CB) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 2,438 shares of the financial services provider’s stock, valued at approximately $597,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in CB. Eudaimonia Advisors LLC grew its position in Chubb by 22.9% in the fourth quarter. Eudaimonia Advisors LLC now owns 2,307 shares of the financial services provider’s stock worth $521,000 after acquiring an additional 430 shares in the last quarter. Parkside Financial Bank & Trust boosted its holdings in shares of Chubb by 75.3% during the 4th quarter. Parkside Financial Bank & Trust now owns 5,205 shares of the financial services provider’s stock worth $1,176,000 after buying an additional 2,236 shares during the period. SlateStone Wealth LLC boosted its holdings in shares of Chubb by 9.4% during the 4th quarter. SlateStone Wealth LLC now owns 22,455 shares of the financial services provider’s stock worth $5,075,000 after buying an additional 1,926 shares during the period. Illinois Municipal Retirement Fund boosted its holdings in shares of Chubb by 31.4% during the 4th quarter. Illinois Municipal Retirement Fund now owns 74,467 shares of the financial services provider’s stock worth $16,830,000 after buying an additional 17,780 shares during the period. Finally, PDS Planning Inc boosted its holdings in shares of Chubb by 6.5% during the 4th quarter. PDS Planning Inc now owns 2,284 shares of the financial services provider’s stock worth $516,000 after buying an additional 140 shares during the period. 83.81% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Timothy Alan Boroughs sold 14,303 shares of the business’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $258.78, for a total value of $3,701,330.34. Following the transaction, the executive vice president now owns 35,662 shares in the company, valued at approximately $9,228,612.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Chubb news, EVP Timothy Alan Boroughs sold 14,303 shares of the business’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $258.78, for a total value of $3,701,330.34. Following the transaction, the executive vice president now directly owns 35,662 shares of the company’s stock, valued at $9,228,612.36. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider John J. Lupica sold 34,464 shares of the firm’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 transaction of $8,923,418.88. Following the sale, the insider now directly 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 valued at $29,766,694 in the last ninety days. 0.86% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

CB has been the subject of a number of recent research reports. BMO Capital Markets increased their price objective on shares of Chubb from $220.00 to $240.00 and gave the company a “market perform” rating in a research note on Monday, February 5th. The Goldman Sachs Group increased their price objective on shares of Chubb from $228.00 to $254.00 and gave the company a “neutral” rating in a research note on Friday, April 12th. TD Cowen initiated coverage on shares of Chubb in a research note on Wednesday, January 10th. They issued a “market perform” rating and a $254.00 price objective for the company. JMP Securities reiterated a “market outperform” rating and set a $280.00 target price on shares of Chubb in a research report on Monday, April 15th. Finally, StockNews.com upgraded shares of Chubb from a “hold” rating to a “buy” rating in a research report on Saturday, March 30th. Nine investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Chubb has a consensus rating of “Moderate Buy” and an average target price of $266.37.

Chubb Price Performance

Shares of CB traded down $8.30 during trading hours on Wednesday, hitting $241.58. 1,806,066 shares of the company were exchanged, compared to its average volume of 1,728,800. The company has a market cap of $98.08 billion, a price-to-earnings ratio of 11.01, a P/E/G ratio of 1.18 and a beta of 0.62. The firm’s fifty day moving average is $252.64 and its 200 day moving average is $235.15. 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 0.20.

Chubb (NYSE:CB) last posted its quarterly earnings results on Tuesday, April 23rd. The financial services provider reported $5.41 EPS for the quarter, topping analysts’ consensus estimates of $5.29 by $0.12. Chubb had a return on equity of 16.45% and a net margin of 18.11%. The company had revenue of $12.22 billion during the quarter, compared to analysts’ expectations of $11.75 billion. During the same quarter in the previous year, the firm earned $4.41 EPS. Chubb’s revenue was up 14.1% on a year-over-year basis. On average, equities analysts anticipate that Chubb Limited will post 21.32 earnings per share for the current fiscal year.

Chubb Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Friday, March 15th were issued a dividend of $0.86 per share. This represents a $3.44 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date of this dividend was Thursday, March 14th. Chubb’s payout ratio is 15.76%.

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.