CCM Investment Advisers LLC Purchases 2,185 Shares of Chubb Limited $CB

CCM Investment Advisers LLC lifted its position in Chubb Limited (NYSE:CB) by 4.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 51,338 shares of the financial services provider’s stock after purchasing an additional 2,185 shares during the quarter. CCM Investment Advisers LLC’s holdings in Chubb were worth $16,024,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Harbor Capital Advisors Inc. increased its stake in Chubb by 93.6% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 91 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 44 shares during the last quarter. Cedar Mountain Advisors LLC raised its holdings in shares of Chubb by 155.6% in the 3rd quarter. Cedar Mountain Advisors LLC now owns 92 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 56 shares in the last quarter. KERR FINANCIAL PLANNING Corp bought a new stake in shares of Chubb during the 3rd quarter valued at about $31,000. Cornerstone Planning Group LLC grew its holdings in shares of Chubb by 81.5% during the third quarter. Cornerstone Planning Group LLC now owns 118 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 53 shares in the last quarter. Finally, Heartwood Wealth Advisors LLC purchased a new position in shares of Chubb during the third quarter worth about $34,000. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on CB shares. Wolfe Research raised their target price on shares of Chubb from $364.00 to $372.00 and gave the company an “outperform” rating in a research note on Thursday, February 5th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Chubb from $304.00 to $330.00 and gave the stock a “hold” rating in a research note on Monday. UBS Group reissued a “neutral” rating and issued a $340.00 price target on shares of Chubb in a report on Monday, February 9th. Keefe, Bruyette & Woods raised their price objective on shares of Chubb from $355.00 to $373.00 and gave the company an “outperform” rating in a research report on Friday, February 6th. Finally, Raymond James Financial lifted their price objective on shares of Chubb from $340.00 to $380.00 and gave the stock a “strong-buy” rating in a report on Monday, February 9th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $342.05.

Insider Transactions at Chubb

In related news, CEO Evan G. Greenberg sold 15,060 shares of Chubb stock in a transaction on Thursday, February 5th. The shares were sold at an average price of $331.47, for a total value of $4,991,938.20. Following the transaction, the chief executive officer directly owned 511,576 shares of the company’s stock, valued at $169,572,096.72. The trade was a 2.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Timothy Alan Boroughs sold 27,817 shares of the business’s stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $331.98, for a total transaction of $9,234,687.66. Following the completion of the transaction, the executive vice president owned 11,810 shares in the company, valued at $3,920,683.80. The trade was a 70.20% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 44,877 shares of company stock worth $14,885,226. Insiders own 0.77% of the company’s stock.

Chubb Stock Performance

NYSE:CB opened at $323.10 on Thursday. The company has a market capitalization of $126.08 billion, a price-to-earnings ratio of 12.56, a PEG ratio of 1.73 and a beta of 0.46. The business has a 50 day moving average of $322.59 and a 200 day moving average of $302.39. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.27 and a quick ratio of 0.27. Chubb Limited has a 1-year low of $264.10 and a 1-year high of $345.67.

Chubb (NYSE:CB) last posted its quarterly earnings results on Tuesday, February 3rd. The financial services provider reported $7.52 EPS for the quarter, topping the consensus estimate of $6.33 by $1.19. Chubb had a net margin of 17.36% and a return on equity of 13.15%. The firm had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $11.11 billion. During the same period last year, the firm posted $6.02 earnings per share. The business’s revenue was up 8.9% compared to the same quarter last year. On average, sell-side analysts predict that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, April 6th. Investors of record on Friday, March 13th will be given a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a yield of 1.2%. The ex-dividend date is Friday, March 13th. Chubb’s dividend payout ratio (DPR) is presently 15.08%.

Chubb Profile

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.