Chubb Limited (NYSE:CB) Shares Bought by AdvisorNet Financial Inc

AdvisorNet Financial Inc grew its holdings in shares of Chubb Limited (NYSE:CBFree Report) by 5.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 886 shares of the financial services provider’s stock after purchasing an additional 44 shares during the quarter. AdvisorNet Financial Inc’s holdings in Chubb were worth $200,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CB. ICA Group Wealth Management LLC acquired a new stake in Chubb during the 4th quarter worth $25,000. IMA Wealth Inc. raised its holdings in shares of Chubb by 275.7% during the 2nd quarter. IMA Wealth Inc. now owns 139 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 102 shares during the period. BOK Financial Private Wealth Inc. purchased a new position in shares of Chubb during the 3rd quarter worth $28,000. ZRC Wealth Management LLC purchased a new position in shares of Chubb during the 4th quarter worth $29,000. Finally, Bell Investment Advisors Inc raised its holdings in shares of Chubb by 39.6% during the 3rd quarter. Bell Investment Advisors Inc now owns 208 shares of the financial services provider’s stock worth $43,000 after acquiring an additional 59 shares during the period. Institutional investors and hedge funds own 83.81% of the company’s stock.

Insider Activity at Chubb

In other Chubb news, 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 value of $1,759,387.20. Following the completion of the sale, the chief accounting officer now owns 6,105 shares in the company, valued at $1,495,969.20. The sale was disclosed in a document filed with the SEC, which is available through this link. In other Chubb news, EVP Timothy Alan Boroughs sold 14,303 shares of the business’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $258.78, for a total value of $3,701,330.34. Following the completion of the sale, the executive vice president now owns 35,662 shares in the company, valued at $9,228,612.36. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CAO Annmarie T. Hagan sold 7,180 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $245.04, for a total value of $1,759,387.20. Following the completion of the sale, the chief accounting officer now owns 6,105 shares of the company’s stock, valued at approximately $1,495,969.20. The disclosure for this sale can be found here. Insiders sold 116,043 shares of company stock valued at $29,766,694 over the last three months. 0.37% of the stock is owned by corporate insiders.

Chubb Stock Performance

Shares of Chubb stock opened at $256.40 on Wednesday. Chubb Limited has a one year low of $183.71 and a one year high of $260.58. The company has a market cap of $104.04 billion, a PE ratio of 11.75, a P/E/G ratio of 1.22 and a beta of 0.62. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.29 and a current ratio of 0.29. The business has a 50-day simple moving average of $251.26 and a 200-day simple moving average of $230.85.

Chubb (NYSE:CBGet Free Report) last announced its quarterly earnings results on Tuesday, January 30th. The financial services provider reported $8.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.07 by $3.23. The firm had revenue of $13.38 billion during the quarter, compared to the consensus estimate of $12.88 billion. Chubb had a return on equity of 16.45% and a net margin of 18.11%. On average, equities research analysts forecast that Chubb Limited will post 21.16 EPS for the current fiscal year.

Chubb Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 5th. Investors of record on Friday, March 15th will be issued a $0.86 dividend. This represents a $3.44 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date is Thursday, March 14th. Chubb’s dividend payout ratio (DPR) is 15.76%.

Analyst Ratings Changes

Several research firms have recently commented on CB. The Goldman Sachs Group lowered Chubb from a “buy” rating to a “neutral” rating and set a $222.00 price target on the stock. in a report on Monday, January 8th. StockNews.com upgraded Chubb from a “hold” rating to a “buy” rating in a report on Saturday. Roth Mkm lifted their price target on Chubb from $260.00 to $280.00 and gave the stock a “buy” rating in a report on Wednesday, January 31st. BMO Capital Markets boosted their price objective on shares of Chubb from $220.00 to $240.00 and gave the company a “market perform” rating in a report on Monday, February 5th. Finally, UBS Group boosted their price objective on shares of Chubb from $245.00 to $256.00 and gave the company a “neutral” rating in a report on Monday, February 5th. Nine analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $257.56.

Check Out Our Latest Report on CB

Chubb Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Chubb (NYSE:CB)

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