Simplicity Solutions LLC Acquires 465 Shares of Chubb Limited (NYSE:CB)

Simplicity Solutions LLC boosted its holdings in shares of Chubb Limited (NYSE:CB) by 6.0% during the 4th quarter, Holdings Channel reports. The firm owned 8,151 shares of the financial services provider’s stock after buying an additional 465 shares during the period. Simplicity Solutions LLC’s holdings in Chubb were worth $1,842,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. ICA Group Wealth Management LLC purchased a new position in Chubb during the 4th quarter valued at approximately $25,000. BOK Financial Private Wealth Inc. purchased a new position in Chubb during the 3rd quarter valued at approximately $28,000. IMA Wealth Inc. grew its holdings in 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 in the last quarter. ZRC Wealth Management LLC purchased a new position in Chubb during the 4th quarter valued at approximately $29,000. Finally, Tennessee Valley Asset Management Partners purchased a new position in shares of Chubb in the 4th quarter worth approximately $32,000. Institutional investors own 83.81% of the company’s stock.

Chubb Stock Up 0.5 %

Shares of CB opened at $245.81 on Monday. 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 company has a market capitalization of $99.80 billion, a price-to-earnings ratio of 11.26, a PEG ratio of 1.16 and a beta of 0.62. The stock’s 50-day moving average price is $252.64 and its 200-day moving average price is $233.25.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, January 30th. The financial services provider reported $8.30 earnings per share for the quarter, topping analysts’ consensus estimates of $5.07 by $3.23. The company had revenue of $13.38 billion during the quarter, compared to analysts’ expectations of $12.88 billion. Chubb had a return on equity of 16.45% and a net margin of 18.11%. On average, sell-side analysts predict that Chubb Limited will post 21.15 EPS for the current year.

Chubb Announces Dividend

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

Insider Buying and Selling

In other news, CAO Annmarie T. Hagan sold 7,180 shares of the stock in a transaction 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 sale, the chief accounting officer now directly owns 6,105 shares in the company, valued at $1,495,969.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Chubb news, CAO Annmarie T. Hagan sold 7,180 shares of the firm’s stock in a transaction 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 sale, 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 legal filing with the SEC, which can be accessed through this link. Also, EVP Joseph F. Wayland sold 26,946 shares of the firm’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $257.02, for a total value of $6,925,660.92. Following the completion of the sale, the executive vice president now owns 95,252 shares in the company, valued at $24,481,669.04. The disclosure for this sale can be found here. Over the last three months, insiders sold 116,043 shares of company stock worth $29,766,694. Company insiders own 0.37% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on CB shares. BMO Capital Markets lifted their target price on Chubb from $220.00 to $240.00 and gave the stock a “market perform” rating in a report on Monday, February 5th. UBS Group lifted their target price on Chubb from $245.00 to $256.00 and gave the stock a “neutral” rating in a report on Monday, February 5th. Raymond James raised their price target on Chubb from $270.00 to $285.00 and gave the stock a “strong-buy” rating in a research note on Thursday, February 1st. Wells Fargo & Company raised their price target on Chubb from $234.00 to $255.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 1st. Finally, JMP Securities raised their price target on Chubb from $250.00 to $280.00 and gave the stock a “market outperform” rating in a research note on Wednesday, January 31st. Nine analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $264.58.

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.