Chubb Limited (NYSE:CB) Shares Bought by Napatree Capital LLC

Napatree Capital LLC lifted its position in shares of Chubb Limited (NYSE:CB) by 8.8% during the 4th quarter, HoldingsChannel.com reports. The fund owned 1,240 shares of the financial services provider’s stock after acquiring an additional 100 shares during the quarter. Napatree Capital LLC’s holdings in Chubb were worth $343,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. King Luther Capital Management Corp boosted its stake in Chubb by 2.3% during the third quarter. King Luther Capital Management Corp now owns 7,139 shares of the financial services provider’s stock valued at $2,059,000 after buying an additional 160 shares in the last quarter. Intech Investment Management LLC lifted its stake in Chubb by 24.3% in the 3rd quarter. Intech Investment Management LLC now owns 16,178 shares of the financial services provider’s stock worth $4,666,000 after acquiring an additional 3,160 shares in the last quarter. LPL Financial LLC lifted its stake in Chubb by 5.4% in the 3rd quarter. LPL Financial LLC now owns 348,679 shares of the financial services provider’s stock worth $100,556,000 after acquiring an additional 17,934 shares in the last quarter. Thompson Siegel & Walmsley LLC lifted its stake in Chubb by 5.6% in the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 2,371 shares of the financial services provider’s stock worth $684,000 after acquiring an additional 125 shares in the last quarter. Finally, Pacer Advisors Inc. raised its stake in shares of Chubb by 13.1% during the 3rd quarter. Pacer Advisors Inc. now owns 43,032 shares of the financial services provider’s stock worth $12,410,000 after purchasing an additional 4,980 shares in the last quarter. 83.81% of the stock is owned by institutional investors and hedge funds.

Chubb Trading Down 1.0 %

Shares of CB stock opened at $291.08 on Friday. The stock has a market capitalization of $116.55 billion, a price-to-earnings ratio of 12.81, a PEG ratio of 3.36 and a beta of 0.66. Chubb Limited has a 1 year low of $238.85 and a 1 year high of $302.05. The company’s fifty day simple moving average is $276.57 and its two-hundred day simple moving average is $281.26. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.25 and a quick ratio of 0.28.

Chubb (NYSE:CB) last released its 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%. As a group, analysts anticipate that Chubb Limited will post 21.52 earnings per share for the current 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 issued a $0.91 dividend. The ex-dividend date is Friday, March 14th. This represents a $3.64 annualized dividend and a yield of 1.25%. Chubb’s dividend payout ratio (DPR) is presently 16.02%.

Insider Buying and Selling at Chubb

In other news, CEO Evan G. Greenberg sold 25,728 shares of the company’s stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $291.45, for a total transaction of $7,498,425.60. Following the sale, the chief executive officer now directly owns 584,395 shares in the company, valued at approximately $170,321,922.75. This represents a 4.22 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Joseph F. Wayland sold 10,000 shares of the stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $286.96, for a total transaction of $2,869,600.00. Following the completion of the sale, the executive vice president now directly owns 77,703 shares in the company, valued at $22,297,652.88. This trade represents a 11.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 63,470 shares of company stock valued at $18,562,730. Corporate insiders own 0.86% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on CB. JMP Securities reaffirmed a “market outperform” rating and set a $325.00 price target on shares of Chubb in a research note on Wednesday, January 29th. HSBC upgraded Chubb from a “hold” rating to a “buy” rating and set a $323.00 price objective on the stock in a research report on Wednesday, March 5th. Wells Fargo & Company lowered their price objective on Chubb from $268.00 to $264.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 14th. JPMorgan Chase & Co. boosted their price target on Chubb from $296.00 to $300.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Finally, Barclays reduced their price objective on Chubb from $349.00 to $324.00 and set an “overweight” rating on the stock in a research note on Monday, January 6th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $301.00.

About Chubb

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.