Sapient Capital LLC Acquires New Position in Chubb Limited (NYSE:CB)

Sapient Capital LLC bought a new position in Chubb Limited (NYSE:CB) during the fourth quarter, Holdings Channel.com reports. The institutional investor bought 1,818 shares of the financial services provider’s stock, valued at approximately $411,000.

Several other institutional investors and hedge funds have also made changes to their positions in CB. ICA Group Wealth Management LLC purchased a new position in Chubb during the fourth quarter worth about $25,000. IMA Wealth Inc. raised its position 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 valued at $27,000 after buying an additional 102 shares during the period. BOK Financial Private Wealth Inc. acquired a new position in Chubb in the third quarter valued at approximately $28,000. ZRC Wealth Management LLC purchased a new position in Chubb in the fourth quarter worth approximately $29,000. Finally, Bell Investment Advisors Inc increased its stake in Chubb by 39.6% during the third 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 last quarter. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CB has been the subject of a number of research analyst reports. UBS Group increased their price target on Chubb from $245.00 to $256.00 and gave the stock a “neutral” rating in a report on Monday, February 5th. JMP Securities boosted their price target on shares of Chubb from $250.00 to $280.00 and gave the company a “market outperform” rating in a research note on Wednesday, January 31st. The Goldman Sachs Group increased their price objective on shares of Chubb from $228.00 to $254.00 and gave the stock a “neutral” rating in a research report on Friday. Royal Bank of Canada lifted their target price on shares of Chubb from $255.00 to $275.00 and gave the company an “outperform” rating in a report on Thursday, February 1st. Finally, JPMorgan Chase & Co. upped their price target on Chubb from $253.00 to $266.00 and gave the stock a “neutral” rating in a research note on Monday, April 8th. Nine analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $264.58.

Chubb Stock Performance

Shares of CB opened at $245.81 on Monday. The company has a market capitalization of $99.80 billion, a price-to-earnings ratio of 11.26, a price-to-earnings-growth ratio of 1.16 and a beta of 0.62. Chubb Limited has a 52-week low of $183.71 and a 52-week high of $260.58. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.20. The stock has a 50 day moving average price of $252.64 and a 200 day moving average price of $233.25.

Chubb (NYSE:CB) last issued its earnings results on Tuesday, January 30th. The financial services provider reported $8.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.07 by $3.23. Chubb had a net margin of 18.11% and a return on equity of 16.45%. The business had revenue of $13.38 billion during the quarter, compared to analysts’ expectations of $12.88 billion. Research analysts predict that Chubb Limited will post 21.15 EPS for the current fiscal year.

Chubb Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Friday, March 15th were issued a $0.86 dividend. This represents a $3.44 annualized dividend and a dividend yield of 1.40%. The ex-dividend date was Thursday, March 14th. Chubb’s payout ratio is currently 15.76%.

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, CAO Annmarie T. Hagan sold 7,180 shares of Chubb stock in a transaction 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 transaction, the chief accounting officer now directly owns 6,105 shares in the company, valued at $1,495,969.20. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Timothy Alan Boroughs sold 33,150 shares of the company’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $255.11, for a total transaction of $8,456,896.50. Following the completion of the sale, the executive vice president now directly owns 50,486 shares of the company’s stock, valued at $12,879,483.46. The disclosure for this sale can be found here. Insiders sold a total of 116,043 shares of company stock valued at $29,766,694 in the last three months. 0.37% of the stock is currently owned by company insiders.

Chubb Company Profile

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.