Caerus Investment Advisors LLC Purchases 1,570 Shares of Chubb Limited $CB

Caerus Investment Advisors LLC lifted its position in Chubb Limited (NYSE:CB) by 33.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,309 shares of the financial services provider’s stock after buying an additional 1,570 shares during the period. Chubb comprises 0.6% of Caerus Investment Advisors LLC’s portfolio, making the stock its 19th largest holding. Caerus Investment Advisors LLC’s holdings in Chubb were worth $1,969,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CB. Great Valley Advisor Group Inc. raised its holdings in shares of Chubb by 6.9% during the fourth quarter. Great Valley Advisor Group Inc. now owns 10,994 shares of the financial services provider’s stock valued at $3,431,000 after purchasing an additional 708 shares during the last quarter. Qtron Investments LLC raised its holdings in shares of Chubb by 73.7% during the fourth quarter. Qtron Investments LLC now owns 2,871 shares of the financial services provider’s stock valued at $896,000 after purchasing an additional 1,218 shares during the last quarter. Meiji Yasuda America Inc purchased a new position in shares of Chubb during the fourth quarter valued at approximately $5,101,000. Xponance LLC raised its holdings in shares of Chubb by 4.9% during the fourth quarter. Xponance LLC now owns 55,920 shares of the financial services provider’s stock valued at $17,454,000 after purchasing an additional 2,614 shares during the last quarter. Finally, Advisory Resource Group raised its holdings in shares of Chubb by 0.8% during the fourth quarter. Advisory Resource Group now owns 4,658 shares of the financial services provider’s stock valued at $1,454,000 after purchasing an additional 35 shares during the last quarter. Institutional investors own 83.81% of the company’s stock.

Insider Buying and Selling

In other Chubb news, COO John W. Keogh sold 23,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $321.51, for a total value of $7,394,730.00. Following the completion of the transaction, the chief operating officer directly owned 203,322 shares in the company, valued at $65,370,056.22. This represents a 10.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Olivier Steimer sold 2,000 shares of the business’s stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $329.30, for a total transaction of $658,600.00. Following the completion of the transaction, the director directly owned 25,468 shares in the company, valued at $8,386,612.40. This trade represents a 7.28% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.37% of the company’s stock.

Chubb Stock Performance

CB opened at $328.14 on Friday. The firm has a market cap of $127.27 billion, a P/E ratio of 11.59, a PEG ratio of 1.69 and a beta of 0.41. Chubb Limited has a 1-year low of $264.10 and a 1-year high of $345.67. The company has a 50 day simple moving average of $324.92 and a two-hundred day simple moving average of $318.88. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.28 and a quick ratio of 0.28.

Chubb (NYSE:CB) last posted its quarterly earnings results 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 during the quarter. Chubb had a net margin of 18.58% and a return on equity of 14.30%. Equities analysts forecast 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. Shareholders of record on Friday, June 12th will be given a $1.02 dividend. The ex-dividend date is Friday, June 12th. This is an increase from Chubb’s previous quarterly dividend of $0.97. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.2%. Chubb’s dividend payout ratio (DPR) is currently 13.70%.

Wall Street Analyst Weigh In

CB has been the subject of several research reports. Keefe, Bruyette & Woods boosted their price objective on shares of Chubb from $373.00 to $374.00 and gave the company an “outperform” rating in a report on Thursday, April 23rd. Mizuho cut their target price on shares of Chubb from $336.00 to $335.00 and set a “neutral” rating for the company in a research report on Tuesday, April 14th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Chubb from $304.00 to $330.00 and gave the company a “hold” rating in a research report on Monday, March 23rd. Barclays boosted their target price on shares of Chubb from $374.00 to $375.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 22nd. Finally, Wells Fargo & Company boosted their target price on shares of Chubb from $321.00 to $333.00 and gave the company an “equal weight” rating in a research report on Thursday, April 23rd. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $349.43.

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.