Roffman Miller Associates Inc. PA Purchases 2,855 Shares of Chubb Limited (NYSE:CB)

Roffman Miller Associates Inc. PA raised its stake in Chubb Limited (NYSE:CB) by 2.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 126,292 shares of the financial services provider’s stock after buying an additional 2,855 shares during the quarter. Chubb comprises approximately 2.0% of Roffman Miller Associates Inc. PA’s investment portfolio, making the stock its 19th biggest holding. Roffman Miller Associates Inc. PA’s holdings in Chubb were worth $28,542,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Deutsche Bank AG lifted its stake in Chubb by 426.8% in the 3rd quarter. Deutsche Bank AG now owns 16,119,520 shares of the financial services provider’s stock valued at $3,355,762,000 after acquiring an additional 13,059,385 shares in the last quarter. Lazard Asset Management LLC lifted its position in shares of Chubb by 978.1% in the third quarter. Lazard Asset Management LLC now owns 546,556 shares of the financial services provider’s stock worth $113,781,000 after purchasing an additional 495,860 shares in the last quarter. International Assets Investment Management LLC grew its position in Chubb by 19,454.2% in the fourth quarter. International Assets Investment Management LLC now owns 485,336 shares of the financial services provider’s stock valued at $1,096,860,000 after purchasing an additional 482,854 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in Chubb by 43.4% during the 3rd quarter. Envestnet Asset Management Inc. now owns 1,107,362 shares of the financial services provider’s stock worth $230,531,000 after buying an additional 334,970 shares in the last quarter. Finally, Alphinity Investment Management Pty Ltd boosted its stake in shares of Chubb by 155.8% during the 4th quarter. Alphinity Investment Management Pty Ltd now owns 532,015 shares of the financial services provider’s stock worth $120,235,000 after buying an additional 324,019 shares during the last quarter. Institutional investors own 83.81% of the company’s stock.

Insider Buying and Selling

In other news, CAO Annmarie T. Hagan sold 7,180 shares of the business’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 sale, the chief accounting officer now directly owns 6,105 shares in the company, valued at $1,495,969.20. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Chubb news, insider John J. Lupica sold 34,464 shares of the firm’s stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $258.92, for a total transaction of $8,923,418.88. Following the completion of the transaction, the insider now owns 130,937 shares in the company, valued at approximately $33,902,208.04. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Annmarie T. Hagan sold 7,180 shares of the business’s stock in a transaction that occurred on 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 transaction, the chief accounting officer now owns 6,105 shares in the company, valued at approximately $1,495,969.20. The disclosure for this sale can be found here. Insiders have sold 116,043 shares of company stock worth $29,766,694 in the last 90 days. Insiders own 0.86% of the company’s stock.

Analyst Ratings Changes

CB has been the subject of several recent research reports. StockNews.com cut Chubb from a “buy” rating to a “hold” rating in a research report on Wednesday. Keefe, Bruyette & Woods upped their price target on shares of Chubb from $275.00 to $297.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 10th. Roth Mkm reissued a “buy” rating and issued a $280.00 price objective on shares of Chubb in a research report on Wednesday. Morgan Stanley upped their target price on shares of Chubb from $258.00 to $260.00 and gave the company an “equal weight” rating in a report on Monday, April 15th. Finally, HSBC reiterated a “hold” rating and set a $270.00 price target (down previously from $275.00) on shares of Chubb in a report on Thursday, April 4th. Ten investment 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 company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $266.89.

Chubb Price Performance

NYSE CB traded up $0.67 during midday trading on Friday, hitting $246.63. The company had a trading volume of 784,663 shares, compared to its average volume of 1,738,771. The company has a current ratio of 0.35, a quick ratio of 0.29 and a debt-to-equity ratio of 0.20. Chubb Limited has a twelve month low of $183.71 and a twelve month high of $260.58. The company has a market capitalization of $100.13 billion, a PE ratio of 10.92, a P/E/G ratio of 1.14 and a beta of 0.62. The firm has a 50-day moving average price of $252.44 and a 200-day moving average price of $235.28.

Chubb (NYSE:CB) last posted its quarterly earnings results on Tuesday, April 23rd. The financial services provider reported $5.41 earnings per share for the quarter, beating analysts’ consensus estimates of $5.29 by $0.12. The company had revenue of $12.22 billion for the quarter, compared to the consensus estimate of $11.75 billion. Chubb had a net margin of 17.99% and a return on equity of 16.29%. The firm’s quarterly revenue was up 14.1% compared to the same quarter last year. During the same period last year, the company posted $4.41 EPS. As a group, analysts anticipate that Chubb Limited will post 21.32 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Friday, March 15th were issued a dividend of $0.86 per share. The ex-dividend date was Thursday, March 14th. This represents a $3.44 annualized dividend and a dividend yield of 1.39%. Chubb’s dividend payout ratio (DPR) is presently 15.27%.

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.