1,679 Shares in Chubb Limited $CB Purchased by Clearwave Capital LLC

Clearwave Capital LLC acquired a new position in shares of Chubb Limited (NYSE:CB) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 1,679 shares of the financial services provider’s stock, valued at approximately $524,000.

A number of other large investors also recently bought and sold shares of CB. Wick Capital Partners LLC purchased a new position in Chubb during the fourth quarter worth approximately $650,000. Strategic Investment Solutions Inc. IL purchased a new stake in shares of Chubb during the 4th quarter valued at $125,000. MidFirst Bank acquired a new stake in shares of Chubb during the 4th quarter worth $731,000. DGS Capital Management LLC raised its holdings in shares of Chubb by 15.9% in the 4th quarter. DGS Capital Management LLC now owns 1,603 shares of the financial services provider’s stock worth $500,000 after purchasing an additional 220 shares during the period. Finally, Pacer Advisors Inc. lifted its stake in shares of Chubb by 3.7% in the 4th quarter. Pacer Advisors Inc. now owns 39,525 shares of the financial services provider’s stock valued at $12,337,000 after purchasing an additional 1,400 shares in the last quarter. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Wall Street Analysts Forecast Growth

CB has been the subject of several research reports. JPMorgan Chase & Co. boosted their price objective on shares of Chubb from $330.00 to $340.00 and gave the stock a “neutral” rating in a research note on Monday, April 20th. Barclays cut their price objective on Chubb from $375.00 to $368.00 and set an “equal weight” rating on the stock in a research report on Friday, June 12th. Bank of America dropped their target price on Chubb from $286.00 to $271.00 and set an “underperform” rating on the stock in a report on Tuesday, April 14th. Cantor Fitzgerald restated a “neutral” rating and issued a $315.00 price target on shares of Chubb in a report on Wednesday, April 22nd. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Chubb from $304.00 to $330.00 and gave the company a “hold” rating in a research note on Monday, March 23rd. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Chubb has a consensus rating of “Hold” and a consensus target price of $349.10.

Insider Activity

In related news, COO John W. Keogh sold 23,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $321.51, for a total transaction of $7,394,730.00. Following the sale, the chief operating officer directly owned 203,322 shares of the company’s stock, valued at approximately $65,370,056.22. This represents a 10.16% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.37% of the company’s stock.

Chubb Stock Performance

Shares of CB stock opened at $323.88 on Friday. The stock has a market capitalization of $125.62 billion, a price-to-earnings ratio of 11.44, a PEG ratio of 1.65 and a beta of 0.41. Chubb Limited has a one year low of $264.10 and a one year high of $345.67. The company’s 50-day simple moving average is $324.70 and its 200-day simple moving average is $319.96. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.28 and a current ratio of 0.28.

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. Chubb had a return on equity of 14.30% and a net margin of 18.58%.The firm had revenue of $14.93 billion during the quarter. Equities analysts anticipate that Chubb Limited will post 26.8 earnings per share for the current fiscal year.

Chubb Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Stockholders of record on Friday, June 12th will be issued a $1.02 dividend. This is a positive change from Chubb’s previous quarterly dividend of $0.97. The ex-dividend date is Friday, June 12th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.3%. Chubb’s dividend payout ratio (DPR) is presently 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.