Chubb Limited (NYSE:CB) Shares Purchased by Mackenzie Financial Corp

Mackenzie Financial Corp raised its holdings in Chubb Limited (NYSE:CB) by 0.3% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 74,272 shares of the financial services provider’s stock after acquiring an additional 231 shares during the quarter. Mackenzie Financial Corp’s holdings in Chubb were worth $16,785,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. ICA Group Wealth Management LLC purchased a new position in Chubb in the 4th quarter worth $25,000. BOK Financial Private Wealth Inc. acquired a new stake in shares of Chubb during the third quarter worth about $28,000. IMA Wealth Inc. lifted its holdings in shares of Chubb by 275.7% during the second quarter. IMA Wealth Inc. now owns 139 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 102 shares during the period. ZRC Wealth Management LLC acquired a new position in Chubb in the 4th quarter worth approximately $29,000. Finally, Tennessee Valley Asset Management Partners purchased a new position in Chubb during the 4th quarter worth approximately $32,000. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Chubb Trading Up 0.8 %

Shares of Chubb stock opened at $245.39 on Friday. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.20. Chubb Limited has a twelve month low of $183.71 and a twelve month high of $260.58. The firm has a market capitalization of $99.63 billion, a PE ratio of 11.24, a P/E/G ratio of 1.16 and a beta of 0.62. The firm’s 50-day moving average price is $252.45 and its 200 day moving average price is $233.88.

Chubb (NYSE:CB) last released its earnings results on Tuesday, January 30th. The financial services provider reported $8.30 earnings per share for the quarter, beating the consensus estimate of $5.07 by $3.23. The business had revenue of $13.38 billion for 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, sell-side analysts predict that Chubb Limited will post 21.13 EPS for the current fiscal year.

Chubb Announces Dividend

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

Insider Activity

In related news, CAO Annmarie T. Hagan sold 7,180 shares of the business’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $245.04, for a total transaction 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 Securities & Exchange Commission, which is accessible through this hyperlink. In other Chubb news, EVP Timothy Alan Boroughs sold 14,303 shares of the firm’s stock in a transaction 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 directly owns 35,662 shares of the company’s stock, valued at approximately $9,228,612.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Annmarie T. Hagan sold 7,180 shares of the business’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $245.04, for a total transaction of $1,759,387.20. Following the transaction, the chief accounting officer now directly owns 6,105 shares in the company, valued at approximately $1,495,969.20. The disclosure for this sale can be found here. Insiders sold 116,043 shares of company stock worth $29,766,694 over the last three months. Insiders own 0.86% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on CB shares. Wells Fargo & Company increased their price objective on shares of Chubb from $234.00 to $255.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 1st. Citigroup reissued a “neutral” rating and issued a $275.00 price objective (up previously from $238.00) on shares of Chubb in a report on Thursday, March 14th. Keefe, Bruyette & Woods raised their target price on Chubb from $275.00 to $297.00 and gave the stock an “outperform” rating in a report on Wednesday, April 10th. The Goldman Sachs Group upped their price objective on Chubb from $228.00 to $254.00 and gave the stock a “neutral” rating in a research report on Friday, April 12th. Finally, Roth Mkm lifted their target price on shares of Chubb from $260.00 to $280.00 and gave the company a “buy” rating in a report on Wednesday, January 31st. Nine research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $266.37.

About Chubb

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.