Sandy Spring Bank Acquires 113 Shares of Chubb Limited (NYSE:CB)

Sandy Spring Bank boosted its position in shares of Chubb Limited (NYSE:CB) by 27.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 522 shares of the financial services provider’s stock after acquiring an additional 113 shares during the quarter. Sandy Spring Bank’s holdings in Chubb were worth $144,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Continuum Advisory LLC increased its position in Chubb by 56.5% during the third quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 35 shares during the last quarter. Gordian Capital Singapore Pte Ltd purchased a new stake in Chubb during the third quarter valued at $29,000. Raelipskie Partnership purchased a new stake in Chubb during the third quarter valued at $29,000. Sierra Ocean LLC purchased a new stake in Chubb during the fourth quarter valued at $29,000. Finally, Truvestments Capital LLC purchased a new stake in Chubb during the third quarter valued at $30,000. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on CB. Keefe, Bruyette & Woods upped their price objective on Chubb from $328.00 to $329.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. Barclays reduced their price target on Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a research report on Monday, January 6th. JMP Securities restated a “market outperform” rating and issued a $325.00 price target on shares of Chubb in a research report on Wednesday, January 29th. Wells Fargo & Company reduced their price target on Chubb from $268.00 to $264.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 14th. Finally, HSBC upgraded Chubb from a “hold” rating to a “buy” rating and set a $323.00 price target for the company in a research report on Wednesday, March 5th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Chubb currently has an average rating of “Hold” and a consensus price target of $301.00.

Insider Activity at Chubb

In other news, EVP Timothy Alan Boroughs sold 14,748 shares of the firm’s stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $296.12, for a total value of $4,367,177.76. Following the completion of the sale, the executive vice president now directly owns 29,194 shares of the company’s stock, valued at $8,644,927.28. This trade represents a 33.56 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Joseph F. Wayland sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $286.96, for a total value of $2,869,600.00. Following the completion of the sale, the executive vice president now directly owns 77,703 shares of the company’s stock, valued at $22,297,652.88. The trade was a 11.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 63,470 shares of company stock valued at $18,562,730. Insiders own 0.86% of the company’s stock.

Chubb Price Performance

Shares of Chubb stock opened at $291.08 on Friday. The stock has a 50 day moving average of $276.57 and a 200 day moving average of $281.30. Chubb Limited has a 12 month low of $238.85 and a 12 month high of $302.05. The firm has a market cap of $116.55 billion, a PE ratio of 12.81, a PEG ratio of 3.36 and a beta of 0.66. The company has a current ratio of 0.25, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21.

Chubb (NYSE:CB) last announced its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $6.02 EPS for the quarter, beating 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%. On average, research analysts expect that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 14th will be paid a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date is Friday, March 14th. Chubb’s payout ratio is presently 16.02%.

Chubb 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.