Czech National Bank Purchases 2,339 Shares of Chubb Limited $CB

Czech National Bank increased its position in Chubb Limited (NYSE:CB) by 2.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 96,510 shares of the financial services provider’s stock after buying an additional 2,339 shares during the quarter. Czech National Bank’s holdings in Chubb were worth $30,123,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CB. Harbor Capital Advisors Inc. boosted its position in Chubb by 93.6% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 91 shares of the financial services provider’s stock valued at $26,000 after buying an additional 44 shares during the period. Cedar Mountain Advisors LLC increased its position in shares of Chubb by 155.6% in the third 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 during the period. KERR FINANCIAL PLANNING Corp bought a new position in shares of Chubb during the third quarter valued at about $31,000. Cornerstone Planning Group LLC raised its stake 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 valued at $33,000 after acquiring an additional 53 shares during the last quarter. Finally, Heartwood Wealth Advisors LLC purchased a new stake in shares of Chubb during the third quarter worth about $34,000. 83.81% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Director Olivier Steimer sold 2,000 shares of the business’s stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $329.30, for a total transaction of $658,600.00. Following the sale, the director owned 25,468 shares in the company, valued at approximately $8,386,612.40. The trade was a 7.28% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Evan G. Greenberg sold 15,060 shares of the company’s stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $331.47, for a total transaction of $4,991,938.20. Following the completion of the sale, the chief executive officer directly owned 511,576 shares in the company, valued at $169,572,096.72. This represents a 2.86% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 44,877 shares of company stock valued at $14,885,226 over the last ninety days. Company insiders own 0.77% of the company’s stock.

Chubb Stock Performance

Shares of CB opened at $323.10 on Thursday. 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 one year low of $264.10 and a one year high of $345.67. The company has a 50-day simple moving average of $322.59 and a two-hundred day simple moving average of $302.39. The firm has a market capitalization of $126.08 billion, a PE ratio of 12.56, a price-to-earnings-growth ratio of 1.73 and a beta of 0.46.

Chubb (NYSE:CB) last posted 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 return on equity of 13.15% and a net margin of 17.36%.The firm had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $11.11 billion. During the same quarter in the prior year, the business earned $6.02 EPS. The business’s revenue for the quarter was up 8.9% on a year-over-year basis. On average, analysts anticipate that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Announces Dividend

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

Analysts Set New Price Targets

CB has been the topic of several recent analyst reports. Citigroup raised their target price on Chubb from $335.00 to $385.00 and gave the stock a “buy” rating in a research note on Monday, February 9th. Evercore increased their price objective on Chubb from $346.00 to $347.00 and gave the stock an “outperform” rating in a report on Wednesday, February 4th. Barclays lifted their price objective on Chubb from $317.00 to $339.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 8th. Citizens Jmp reissued a “market outperform” rating and set a $350.00 target price on shares of Chubb in a research note on Wednesday, February 4th. Finally, Bank of America decreased their target price on Chubb from $279.00 to $259.00 and set an “underperform” rating for the company in a report on Friday, January 16th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $342.05.

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.