Bingham Private Wealth LLC Invests $552,000 in Chubb Limited $CB

Bingham Private Wealth LLC purchased a new position in shares of Chubb Limited (NYSE:CB) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 1,768 shares of the financial services provider’s stock, valued at approximately $552,000.

Several other large investors have also made changes to their positions in the company. Farther Finance Advisors LLC boosted its position in shares of Chubb by 99.8% during the 4th quarter. Farther Finance Advisors LLC now owns 20,125 shares of the financial services provider’s stock worth $6,281,000 after acquiring an additional 10,054 shares in the last quarter. Sage Mountain Advisors LLC boosted its position in shares of Chubb by 11.8% during the 4th quarter. Sage Mountain Advisors LLC now owns 3,169 shares of the financial services provider’s stock worth $989,000 after acquiring an additional 334 shares in the last quarter. ZWJ Investment Counsel Inc. boosted its position in shares of Chubb by 0.9% during the 4th quarter. ZWJ Investment Counsel Inc. now owns 190,358 shares of the financial services provider’s stock worth $59,415,000 after acquiring an additional 1,646 shares in the last quarter. Freestone Capital Holdings LLC acquired a new stake in shares of Chubb during the 4th quarter worth approximately $462,000. Finally, Cura Wealth Advisors LLC acquired a new stake in shares of Chubb during the 4th quarter worth approximately $233,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Insider Buying and Selling

In related news, EVP Timothy Alan Boroughs sold 27,817 shares of Chubb stock in a transaction on 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 of the company’s stock, valued at $3,920,683.80. This trade represents a 70.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Olivier Steimer sold 2,000 shares of Chubb stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $329.30, for a total transaction of $658,600.00. Following the transaction, the director directly owned 25,468 shares of the company’s stock, valued at $8,386,612.40. This represents a 7.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 44,877 shares of company stock valued at $14,885,226 over the last quarter. Insiders own 0.86% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on CB. Deutsche Bank Aktiengesellschaft increased their price target on shares of Chubb from $304.00 to $330.00 and gave the stock a “hold” rating in a research report on Monday, March 23rd. Citizens Jmp reiterated a “market outperform” rating and set a $350.00 price target on shares of Chubb in a research report on Wednesday, February 4th. Mizuho increased their price target on shares of Chubb from $317.00 to $336.00 and gave the stock a “neutral” rating in a research report on Friday, February 6th. Weiss Ratings reiterated a “buy (b+)” rating on shares of Chubb in a research report on Friday, March 27th. Finally, The Goldman Sachs Group raised their target price on shares of Chubb from $368.00 to $372.00 and gave the company a “buy” rating in a research report on Tuesday, April 7th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $345.90.

Chubb Price Performance

Shares of NYSE:CB opened at $325.77 on Wednesday. The firm has a market cap of $127.13 billion, a PE ratio of 12.66, a price-to-earnings-growth ratio of 1.75 and a beta of 0.49. The firm’s fifty day moving average is $329.16 and its 200-day moving average is $307.59. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.27 and a current ratio of 0.27. Chubb Limited has a 52 week low of $264.10 and a 52 week high of $345.67.

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

Chubb Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, April 6th. Investors of record on Friday, March 13th were paid a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Friday, March 13th. Chubb’s dividend payout ratio (DPR) is currently 15.08%.

About Chubb

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.