Peterson Wealth Services Grows Holdings in Chubb Limited $CB

Peterson Wealth Services grew its stake in Chubb Limited (NYSE:CB) by 481.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 11,248 shares of the financial services provider’s stock after acquiring an additional 9,314 shares during the period. Peterson Wealth Services’ holdings in Chubb were worth $3,511,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in CB. Berkshire Hathaway Inc raised its stake in shares of Chubb by 15.9% in the 3rd quarter. Berkshire Hathaway Inc now owns 31,332,895 shares of the financial services provider’s stock valued at $8,843,710,000 after acquiring an additional 4,299,111 shares during the period. Norges Bank purchased a new stake in Chubb during the 4th quarter worth approximately $1,081,190,000. AQR Capital Management LLC increased its stake in Chubb by 75.1% during the 3rd quarter. AQR Capital Management LLC now owns 2,798,546 shares of the financial services provider’s stock worth $785,468,000 after buying an additional 1,199,963 shares during the period. Woodline Partners LP purchased a new stake in Chubb during the 3rd quarter worth approximately $220,217,000. Finally, Amundi increased its stake in Chubb by 55.4% during the 3rd quarter. Amundi now owns 1,946,622 shares of the financial services provider’s stock worth $557,493,000 after buying an additional 693,740 shares during the period. 83.81% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Olivier Steimer sold 2,000 shares of the company’s stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $329.30, for a total value of $658,600.00. Following the completion of the transaction, the director owned 25,468 shares in the company, valued at approximately $8,386,612.40. This represents a 7.28% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, COO John W. Keogh sold 23,000 shares of the company’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $321.51, for a total transaction of $7,394,730.00. Following the completion of the transaction, the chief operating officer owned 203,322 shares of the company’s stock, valued at approximately $65,370,056.22. The trade was a 10.16% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.37% of the company’s stock.

Analysts Set New Price Targets

CB has been the topic of several recent research reports. Barclays upped their target price on shares of Chubb from $374.00 to $375.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 22nd. Wells Fargo & Company upped their target price on shares of Chubb from $321.00 to $333.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 23rd. Jefferies Financial Group cut their target price on shares of Chubb from $356.00 to $352.00 and set a “hold” rating on the stock in a research note on Thursday, April 23rd. JPMorgan Chase & Co. upped their target price on shares of Chubb from $330.00 to $340.00 and gave the stock a “neutral” rating in a research note on Monday, April 20th. Finally, Keefe, Bruyette & Woods upped their target price on shares of Chubb from $373.00 to $374.00 and gave the stock an “outperform” rating in a research note on Thursday, April 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $349.43.

Chubb Trading Down 0.7%

Shares of NYSE:CB opened at $328.14 on Friday. Chubb Limited has a 52 week low of $264.10 and a 52 week high of $345.67. The company’s 50 day moving average is $324.92 and its two-hundred day moving average is $318.88. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.20. The company has a market cap of $127.27 billion, a PE ratio of 11.59, a P/E/G ratio of 1.69 and a beta of 0.41.

Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, March 31st. The financial services provider reported $6.82 EPS for the quarter. Chubb had a net margin of 18.58% and a return on equity of 14.30%. The company had revenue of $14.93 billion for the quarter. Equities analysts predict that Chubb Limited will post 26.8 earnings per share for the current fiscal year.

Chubb Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Friday, June 12th will be given a $1.02 dividend. The ex-dividend date of this dividend is Friday, June 12th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.2%. This is a boost from Chubb’s previous quarterly dividend of $0.97. Chubb’s payout ratio is currently 13.70%.

About Chubb

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.