Chubb Limited $CB Holdings Boosted by JT Stratford LLC

JT Stratford LLC raised its stake in Chubb Limited (NYSE:CB) by 269.3% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,162 shares of the financial services provider’s stock after acquiring an additional 3,035 shares during the period. JT Stratford LLC’s holdings in Chubb were worth $1,175,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Harbor Capital Advisors Inc. boosted its position in Chubb by 93.6% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 91 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 44 shares during the period. Cedar Mountain Advisors LLC increased its position in Chubb by 155.6% in the third quarter. Cedar Mountain Advisors LLC now owns 92 shares of the financial services provider’s stock worth $26,000 after buying an additional 56 shares during the period. VSM Wealth Advisory LLC bought a new stake in Chubb in the second quarter valued at $32,000. Cornerstone Planning Group LLC lifted its stake in Chubb by 81.5% in the third quarter. Cornerstone Planning Group LLC now owns 118 shares of the financial services provider’s stock valued at $33,000 after buying an additional 53 shares during the last quarter. Finally, Heartwood Wealth Advisors LLC acquired a new position in shares of Chubb during the third quarter valued at $34,000. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Mizuho increased their price objective on shares of Chubb from $317.00 to $336.00 and gave the stock a “neutral” rating in a report on Friday, February 6th. Roth Mkm upped their target price on shares of Chubb from $330.00 to $360.00 and gave the stock a “buy” rating in a research report on Wednesday, February 4th. BMO Capital Markets lifted their price target on Chubb from $283.00 to $326.00 and gave the company a “market perform” rating in a report on Tuesday, February 10th. Citigroup boosted their price objective on Chubb from $335.00 to $385.00 and gave the stock a “buy” rating in a research report on Monday, February 9th. Finally, Evercore raised their target price on Chubb from $346.00 to $347.00 and gave the company an “outperform” rating in a research report on Wednesday, February 4th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $340.81.

Insider Transactions at Chubb

In other news, CEO Evan G. Greenberg sold 15,060 shares of Chubb stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $331.47, for a total value of $4,991,938.20. Following the transaction, the chief executive officer owned 511,576 shares of the company’s stock, valued at $169,572,096.72. The trade was a 2.86% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Timothy Alan Boroughs sold 27,817 shares of the business’s stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $331.98, for a total transaction of $9,234,687.66. Following the completion of the sale, the executive vice president owned 11,810 shares in the company, valued at $3,920,683.80. The trade was a 70.20% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.77% of the stock is owned by insiders.

Chubb Price Performance

Shares of NYSE:CB opened at $334.17 on Thursday. The stock has a market cap of $130.38 billion, a price-to-earnings ratio of 12.99, a PEG ratio of 2.15 and a beta of 0.46. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.27 and a quick ratio of 0.27. Chubb Limited has a 12 month low of $264.10 and a 12 month high of $345.67. The stock’s 50 day moving average price is $317.53 and its 200 day moving average price is $297.04.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, February 3rd. The financial services provider reported $7.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.33 by $1.19. Chubb had a return on equity of 13.15% and a net margin of 17.36%.The firm had revenue of $2.08 billion during the quarter, compared to analyst estimates of $11.11 billion. During the same period last year, the company posted $6.02 EPS. The firm’s quarterly revenue was up 8.9% on a year-over-year basis. Equities research analysts anticipate that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, April 6th. Investors of record on Friday, March 13th will be issued a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Friday, March 13th. Chubb’s payout ratio is presently 15.08%.

Chubb Company Profile

Chubb is a global property and casualty insurance company that underwrites a broad range of commercial and personal insurance products and related services. Its offerings include commercial property and casualty coverage, specialty liability, professional and management liability, cyber and technology insurance, marine and energy, surety, accident and health solutions, and high-net-worth personal lines such as homeowners, auto and valuables protection. Chubb serves businesses, individuals and institutions with tailored underwriting and risk-transfer solutions across multiple industry sectors.

In addition to core underwriting, Chubb provides risk engineering, loss control, claims management and risk consulting services intended to reduce loss severity and help clients manage exposures.