Chubb Limited (NYSE:CB) Shares Purchased by First National Advisers LLC

First National Advisers LLC grew its stake in shares of Chubb Limited (NYSE:CB) by 28.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,229 shares of the financial services provider’s stock after purchasing an additional 2,731 shares during the quarter. First National Advisers LLC’s holdings in Chubb were worth $2,764,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Private Wealth Management Group LLC purchased a new stake in Chubb in the fourth quarter valued at $64,000. Meridian Wealth Management LLC boosted its position in shares of Chubb by 19.3% in the 4th quarter. Meridian Wealth Management LLC now owns 2,634 shares of the financial services provider’s stock valued at $595,000 after purchasing an additional 427 shares during the period. Beacon Pointe Advisors LLC grew its stake in Chubb by 20.6% during the 4th quarter. Beacon Pointe Advisors LLC now owns 49,230 shares of the financial services provider’s stock worth $11,126,000 after buying an additional 8,411 shares during the last quarter. Quadrant Capital Group LLC increased its position in Chubb by 14.1% during the fourth quarter. Quadrant Capital Group LLC now owns 4,262 shares of the financial services provider’s stock worth $963,000 after buying an additional 527 shares during the period. Finally, Kickstand Ventures LLC. boosted its stake in Chubb by 8.9% during the 4th quarter. Kickstand Ventures LLC. now owns 1,124 shares of the financial services provider’s stock worth $254,000 after purchasing an additional 92 shares during the period. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on the company. Morgan Stanley upped their price objective on Chubb from $258.00 to $260.00 and gave the company an “equal weight” rating in a research note on Monday, April 15th. The Goldman Sachs Group lifted their price objective on shares of Chubb from $228.00 to $254.00 and gave the company a “neutral” rating in a research report on Friday, April 12th. Citigroup restated a “neutral” rating and set a $275.00 price objective (up previously from $238.00) on shares of Chubb in a research report on Thursday, March 14th. Roth Mkm reiterated a “buy” rating and set a $280.00 price target on shares of Chubb in a research note on Wednesday, April 24th. Finally, BMO Capital Markets raised their price objective on shares of Chubb from $220.00 to $240.00 and gave the company a “market perform” rating in a research report on Monday, February 5th. Ten research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Chubb currently has an average rating of “Moderate Buy” and an average price target of $266.74.

Insider Activity

In related news, CAO Annmarie T. Hagan sold 1,529 shares of the stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $263.81, for a total value of $403,365.49. Following the transaction, the chief accounting officer now directly owns 7,718 shares of the company’s stock, valued at approximately $2,036,085.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Chubb news, 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 transaction of $8,923,418.88. Following the transaction, the insider now owns 130,937 shares in the company, valued at $33,902,208.04. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CAO Annmarie T. Hagan sold 1,529 shares of the stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $263.81, for a total value of $403,365.49. Following the completion of the sale, the chief accounting officer now owns 7,718 shares of the company’s stock, valued at approximately $2,036,085.58. The disclosure for this sale can be found here. Insiders sold 145,099 shares of company stock valued at $37,156,142 in the last ninety days. Company insiders own 0.86% of the company’s stock.

Chubb Trading Up 3.5 %

Shares of CB stock traded up $9.40 during mid-day trading on Friday, hitting $274.28. 4,303,251 shares of the company’s stock were exchanged, compared to its average volume of 1,722,022. The stock has a market cap of $111.37 billion, a price-to-earnings ratio of 12.17, a PEG ratio of 1.25 and a beta of 0.63. The stock has a 50-day simple moving average of $253.02 and a two-hundred day simple moving average of $239.96. Chubb Limited has a fifty-two week low of $183.71 and a fifty-two week high of $275.41. 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 (NYSE:CB) last issued its quarterly earnings results on Tuesday, April 23rd. The financial services provider reported $5.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.29 by $0.12. The firm had revenue of $12.22 billion for the quarter, compared to analyst estimates of $11.75 billion. Chubb had a return on equity of 16.29% and a net margin of 17.99%. The firm’s quarterly revenue was up 14.1% on a year-over-year basis. During the same period last year, the company earned $4.41 EPS. Equities analysts expect that Chubb Limited will post 21.21 EPS for the current fiscal year.

Chubb Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 5th. Shareholders of record on Friday, June 14th will be issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date is Friday, June 14th. This is a positive change from Chubb’s previous quarterly dividend of $0.86. Chubb’s dividend payout ratio (DPR) is 15.27%.

About Chubb

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.