Cynosure Group LLC Acquires New Holdings in Chubb Limited $CB

Cynosure Group LLC acquired a new stake in shares of Chubb Limited (NYSE:CB) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 1,632 shares of the financial services provider’s stock, valued at approximately $509,000.

A number of other institutional investors also recently added to or reduced their stakes in the stock. 71 West Capital Partners purchased a new stake in Chubb in the fourth quarter valued at about $464,000. TritonPoint Partners LLC purchased a new stake in Chubb in the fourth quarter valued at about $987,000. Vanguard Personalized Indexing Management LLC raised its stake in Chubb by 10.0% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 62,701 shares of the financial services provider’s stock valued at $19,570,000 after buying an additional 5,696 shares during the last quarter. Venture Visionary Partners LLC raised its stake in Chubb by 5.5% in the fourth quarter. Venture Visionary Partners LLC now owns 39,971 shares of the financial services provider’s stock valued at $12,504,000 after buying an additional 2,067 shares during the last quarter. Finally, Panagora Asset Management Inc. raised its stake in Chubb by 378.7% in the fourth quarter. Panagora Asset Management Inc. now owns 58,531 shares of the financial services provider’s stock valued at $18,269,000 after buying an additional 46,305 shares during the last quarter. Institutional investors own 83.81% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on CB shares. Weiss Ratings cut Chubb from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Friday. Deutsche Bank Aktiengesellschaft increased their price target on Chubb from $304.00 to $330.00 and gave the company a “hold” rating in a research note on Monday, March 23rd. Mizuho decreased their price target on Chubb from $336.00 to $335.00 and set a “neutral” rating for the company in a research note on Tuesday, April 14th. Wolfe Research increased their price target on Chubb from $372.00 to $373.00 and gave the company an “outperform” rating in a research note on Monday, April 6th. Finally, Wells Fargo & Company increased their price target on Chubb from $321.00 to $333.00 and gave the company an “equal weight” rating in a research note on Thursday, April 23rd. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $349.10.

Insider Activity

In related news, Director Olivier Steimer sold 2,000 shares of the firm’s stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $329.30, for a total transaction of $658,600.00. Following the sale, the director directly owned 25,468 shares of the company’s stock, valued at $8,386,612.40. This trade represents a 7.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO John W. Keogh sold 23,000 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $321.51, for a total value of $7,394,730.00. Following the sale, the chief operating officer directly owned 203,322 shares in the company, valued at approximately $65,370,056.22. This trade represents a 10.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.37% of the stock is owned by company insiders.

Chubb Stock Up 0.6%

Shares of CB stock opened at $328.89 on Wednesday. The stock’s 50-day simple moving average is $324.90 and its 200-day simple moving average is $319.53. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.28 and a current ratio of 0.28. The firm has a market capitalization of $127.56 billion, a PE ratio of 11.61, a P/E/G ratio of 1.67 and a beta of 0.41. Chubb Limited has a fifty-two week low of $264.10 and a fifty-two week high of $345.67.

Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, March 31st. The financial services provider reported $6.82 earnings per share for the quarter. The business had revenue of $14.93 billion for the quarter. Chubb had a return on equity of 14.30% and a net margin of 18.58%. Equities analysts expect that Chubb Limited will post 26.8 earnings per share for the current year.

Chubb Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Friday, June 12th will be issued a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 1.2%. This is a positive change from Chubb’s previous quarterly dividend of $0.97. The ex-dividend date of this dividend is Friday, June 12th. Chubb’s dividend payout ratio is 14.41%.

Chubb Profile

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.