Meadow Creek Wealth Advisors LLC Invests $909,000 in Chubb Limited (NYSE:CB)

Meadow Creek Wealth Advisors LLC acquired a new position in shares of Chubb Limited (NYSE:CB) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 4,023 shares of the financial services provider’s stock, valued at approximately $909,000. Chubb makes up approximately 0.9% of Meadow Creek Wealth Advisors LLC’s investment portfolio, making the stock its 24th largest holding.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. ICA Group Wealth Management LLC purchased a new position in Chubb in the fourth quarter worth $25,000. IMA Wealth Inc. raised its position in Chubb by 275.7% in the second quarter. IMA Wealth Inc. now owns 139 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 102 shares in the last quarter. BOK Financial Private Wealth Inc. purchased a new position in Chubb in the third quarter worth $28,000. ZRC Wealth Management LLC acquired a new stake in Chubb in the fourth quarter valued at $29,000. Finally, Bell Investment Advisors Inc grew its holdings in Chubb by 39.6% in the third quarter. Bell Investment Advisors Inc now owns 208 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 59 shares during the last quarter. 83.81% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Chubb news, CAO Annmarie T. Hagan sold 7,180 shares of the business’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $245.04, for a total transaction of $1,759,387.20. Following the completion of the transaction, the chief accounting officer now owns 6,105 shares in the company, valued at approximately $1,495,969.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, EVP Timothy Alan Boroughs sold 14,303 shares of the business’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $258.78, for a total value of $3,701,330.34. Following the sale, the executive vice president now owns 35,662 shares of the company’s stock, valued at approximately $9,228,612.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Annmarie T. Hagan sold 7,180 shares of the business’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $245.04, for a total value of $1,759,387.20. Following the completion of the sale, the chief accounting officer now directly owns 6,105 shares in the company, valued at approximately $1,495,969.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 116,043 shares of company stock worth $29,766,694. 0.37% of the stock is owned by company insiders.

Chubb Stock Performance

CB stock traded up $0.74 during trading on Thursday, reaching $259.24. 1,878,935 shares of the company’s stock were exchanged, compared to its average volume of 1,795,593. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.20. Chubb Limited has a 1-year low of $183.71 and a 1-year high of $260.58. The company’s fifty day moving average price is $249.88 and its 200-day moving average price is $229.66. The firm has a market cap of $105.19 billion, a PE ratio of 11.88, a P/E/G ratio of 1.21 and a beta of 0.62.

Chubb (NYSE:CB) last announced its quarterly earnings results on Tuesday, January 30th. The financial services provider reported $8.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.07 by $3.23. Chubb had a return on equity of 16.45% and a net margin of 18.11%. The company had revenue of $13.38 billion during the quarter, compared to analyst estimates of $12.88 billion. On average, research analysts expect that Chubb Limited will post 21.16 EPS for the current fiscal year.

Chubb Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 5th. Shareholders of record on Friday, March 15th will be given a dividend of $0.86 per share. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $3.44 dividend on an annualized basis and a yield of 1.33%. Chubb’s dividend payout ratio (DPR) is presently 15.76%.

Analyst Upgrades and Downgrades

CB has been the topic of several research reports. The Goldman Sachs Group lowered Chubb from a “buy” rating to a “neutral” rating and set a $222.00 target price on the stock. in a report on Monday, January 8th. JMP Securities raised their price objective on Chubb from $250.00 to $280.00 and gave the stock a “market outperform” rating in a report on Wednesday, January 31st. Roth Mkm raised their price objective on Chubb from $260.00 to $280.00 and gave the stock a “buy” rating in a report on Wednesday, January 31st. Wells Fargo & Company raised their target price on Chubb from $234.00 to $255.00 and gave the company an “equal weight” rating in a report on Thursday, February 1st. Finally, HSBC initiated coverage on Chubb in a report on Thursday, December 28th. They set a “buy” rating and a $263.00 price objective on the stock. Ten analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $255.06.

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.