Nemes Rush Group LLC Acquires 3,190 Shares of Chubb Limited (NYSE:CB)

Nemes Rush Group LLC boosted its holdings in shares of Chubb Limited (NYSE:CB) by 5.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 57,919 shares of the financial services provider’s stock after purchasing an additional 3,190 shares during the quarter. Chubb comprises approximately 2.0% of Nemes Rush Group LLC’s holdings, making the stock its 12th largest position. Nemes Rush Group LLC’s holdings in Chubb were worth $16,003,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CB. Alliancebernstein L.P. grew its stake in shares of Chubb by 130.0% in the fourth quarter. Alliancebernstein L.P. now owns 956,522 shares of the financial services provider’s stock worth $264,287,000 after acquiring an additional 540,554 shares during the last quarter. Bedell Frazier Investment Counselling LLC boosted its holdings in Chubb by 8.3% in the 4th quarter. Bedell Frazier Investment Counselling LLC now owns 2,220 shares of the financial services provider’s stock valued at $613,000 after purchasing an additional 170 shares during the period. Edmond DE Rothschild Holding S.A. grew its position in Chubb by 21.6% in the 4th quarter. Edmond DE Rothschild Holding S.A. now owns 900 shares of the financial services provider’s stock worth $249,000 after purchasing an additional 160 shares during the last quarter. Hazlett Burt & Watson Inc. increased its holdings in shares of Chubb by 8.8% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 667 shares of the financial services provider’s stock worth $185,000 after purchasing an additional 54 shares during the period. Finally, O Shaughnessy Asset Management LLC increased its holdings in shares of Chubb by 10.5% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 67,235 shares of the financial services provider’s stock worth $18,577,000 after purchasing an additional 6,366 shares during the period. Institutional investors and hedge funds own 83.81% of the company’s stock.

Chubb Trading Up 1.9 %

Shares of CB stock opened at $302.19 on Tuesday. The company has a market capitalization of $121.00 billion, a P/E ratio of 13.30, a P/E/G ratio of 3.36 and a beta of 0.66. Chubb Limited has a 12-month low of $238.85 and a 12-month high of $303.66. 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 firm has a 50-day moving average price of $279.92 and a 200 day moving average price of $281.51.

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

Chubb Announces Dividend

The firm 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 $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date of this dividend is Friday, March 14th. Chubb’s dividend payout ratio is currently 16.02%.

Insider Transactions at Chubb

In related news, CEO Evan G. Greenberg sold 25,728 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $291.45, for a total value of $7,498,425.60. Following the completion of the transaction, the chief executive officer now owns 584,395 shares in the company, valued at $170,321,922.75. The trade was a 4.22 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Joseph F. Wayland sold 10,000 shares of the stock in a transaction 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 transaction, the executive vice president now owns 77,703 shares in the company, 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 quarter, insiders have sold 63,470 shares of company stock worth $18,562,730. Insiders own 0.86% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on CB shares. Barclays reduced their target price on shares of Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a research note on Monday, January 6th. Hsbc Global Res raised Chubb from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 5th. Keefe, Bruyette & Woods boosted 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. JMP Securities reaffirmed a “market outperform” rating and issued a $325.00 target price on shares of Chubb in a research report on Wednesday, January 29th. Finally, HSBC raised shares of Chubb from a “hold” rating to a “buy” rating and set a $323.00 price target on the stock in a report on Wednesday, March 5th. Two research 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 stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $301.00.

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.