Horizon Investments LLC Has $1.75 Million Stake in Chubb Limited (NYSE:CB)

Horizon Investments LLC increased its position in Chubb Limited (NYSE:CB) by 1.8% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 6,316 shares of the financial services provider’s stock after acquiring an additional 114 shares during the quarter. Horizon Investments LLC’s holdings in Chubb were worth $1,745,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Continuum Advisory LLC increased its stake in shares of Chubb by 56.5% in the third quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock valued at $28,000 after buying an additional 35 shares during the period. Gordian Capital Singapore Pte Ltd acquired a new position in shares of Chubb in the third quarter valued at approximately $29,000. Raelipskie Partnership acquired a new position in shares of Chubb in the third quarter valued at approximately $29,000. Sierra Ocean LLC acquired a new position in shares of Chubb in the fourth quarter valued at approximately $29,000. Finally, Truvestments Capital LLC acquired a new position in shares of Chubb in the third quarter valued at approximately $30,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Insider Buying and Selling at Chubb

In other news, CEO Evan G. Greenberg sold 25,728 shares of the firm’s stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $291.45, for a total transaction of $7,498,425.60. Following the completion of the sale, the chief executive officer now directly owns 584,395 shares of the company’s stock, valued at $170,321,922.75. This trade represents a 4.22 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO George F. Ohsiek sold 763 shares of the firm’s stock in a transaction on Friday, March 14th. The shares were sold at an average price of $290.41, for a total value of $221,582.83. Following the sale, the chief accounting officer now directly owns 20,044 shares of the company’s stock, valued at approximately $5,820,978.04. This represents a 3.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 36,491 shares of company stock worth $10,589,608. Corporate insiders own 0.86% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on CB. JMP Securities reissued a “market outperform” rating and set a $325.00 target price on shares of Chubb in a research report on Wednesday, January 29th. Royal Bank of Canada reissued an “outperform” rating and set a $320.00 target price on shares of Chubb in a research report on Thursday, January 30th. HSBC raised shares of Chubb from a “hold” rating to a “buy” rating and set a $323.00 target price for the company in a research report on Wednesday, March 5th. Barclays decreased their target price on shares of Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a research report on Monday, January 6th. Finally, JPMorgan Chase & Co. increased their target price on shares of Chubb from $296.00 to $300.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $301.00.

Chubb Price Performance

Shares of CB opened at $295.49 on Wednesday. Chubb Limited has a 12-month low of $238.85 and a 12-month high of $302.05. The business’s fifty day moving average is $274.75 and its 200 day moving average is $281.05. The company has a quick ratio of 0.28, a current ratio of 0.25 and a debt-to-equity ratio of 0.21. The stock has a market cap of $118.32 billion, a P/E ratio of 13.01, a P/E/G ratio of 3.36 and a beta of 0.66.

Chubb (NYSE:CB) last issued its earnings results on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.33 by $0.69. Chubb had a return on equity of 13.75% and a net margin of 16.63%. Sell-side analysts anticipate that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 14th will be paid a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 1.23%. The ex-dividend date of this dividend is Friday, March 14th. Chubb’s dividend payout ratio (DPR) is presently 16.02%.

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.