Cornerstone Planning LLC Takes Position in Chubb Limited $CB

Cornerstone Planning LLC acquired a new stake in shares of Chubb Limited (NYSE:CB) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 9,745 shares of the financial services provider’s stock, valued at approximately $3,055,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. CBIZ Investment Advisory Services LLC raised its holdings in shares of Chubb by 148.5% in the 4th quarter. CBIZ Investment Advisory Services LLC now owns 82 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 49 shares in the last quarter. KERR FINANCIAL PLANNING Corp purchased a new position in shares of Chubb during the third quarter worth about $31,000. Laurel Wealth Advisors LLC purchased a new position in shares of Chubb during the fourth quarter worth about $31,000. Ares Financial Consulting LLC bought a new position in shares of Chubb in the fourth quarter worth approximately $32,000. Finally, Cherry Tree Wealth Management LLC increased its position in shares of Chubb by 38.3% in the fourth quarter. Cherry Tree Wealth Management LLC now owns 112 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 31 shares during the last quarter. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, COO John W. Keogh sold 23,000 shares of the stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $321.51, for a total value 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. This represents a 10.16% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.37% of the company’s stock.

Chubb Trading Up 0.1%

NYSE:CB opened at $323.88 on Friday. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.20. The company has a fifty day moving average of $324.70 and a 200 day moving average of $319.96. The firm has a market capitalization of $125.62 billion, a P/E ratio of 11.44, a P/E/G ratio of 1.65 and a beta of 0.41. Chubb Limited has a 52 week low of $264.10 and a 52 week high of $345.67.

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

Chubb Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Friday, June 12th will be issued a dividend of $1.02 per share. This is a positive change from Chubb’s previous quarterly dividend of $0.97. The ex-dividend date is Friday, June 12th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.3%. Chubb’s dividend payout ratio (DPR) is currently 14.41%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on CB shares. Citizens Jmp lifted their target price on shares of Chubb from $350.00 to $365.00 and gave the company a “market outperform” rating in a research report on Wednesday, April 22nd. Keefe, Bruyette & Woods increased their price target on shares of Chubb from $373.00 to $374.00 and gave the stock an “outperform” rating in a report on Thursday, April 23rd. BMO Capital Markets raised their price objective on shares of Chubb from $326.00 to $339.00 and gave the company a “market perform” rating in a research report on Friday, April 24th. Weiss Ratings downgraded shares of Chubb from a “buy (a-)” rating to a “buy (b+)” rating in a report on Friday, June 12th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of Chubb from $304.00 to $330.00 and gave the stock a “hold” rating in a research report on Monday, March 23rd. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $349.10.

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.