Hartline Investment Corp Acquires Shares of 922 Chubb Limited (NYSE:CB)

Hartline Investment Corp bought a new stake in Chubb Limited (NYSE:CB) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 922 shares of the financial services provider’s stock, valued at approximately $208,000.

Other large investors also recently modified their holdings of the company. ZRC Wealth Management LLC bought a new stake in Chubb during the fourth quarter worth $29,000. Tennessee Valley Asset Management Partners bought a new stake in shares of Chubb in the fourth quarter valued at $32,000. Naples Money Management LLC bought a new stake in shares of Chubb in the fourth quarter valued at $34,000. Bell Investment Advisors Inc raised its stake in shares of 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 buying an additional 59 shares during the period. Finally, Fortitude Family Office LLC bought a new stake in shares of Chubb in the fourth quarter valued at $59,000. Institutional investors own 83.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on CB shares. BMO Capital Markets lifted their price target on Chubb from $220.00 to $240.00 and gave the company a “market perform” rating in a research report on Monday, February 5th. JMP Securities reiterated a “market outperform” rating and issued a $280.00 price target on shares of Chubb in a research report on Monday, April 15th. Royal Bank of Canada boosted their target price on Chubb from $255.00 to $275.00 and gave the stock an “outperform” rating in a research report on Thursday, February 1st. UBS Group boosted their target price on Chubb from $245.00 to $256.00 and gave the stock a “neutral” rating in a research report on Monday, February 5th. Finally, Wells Fargo & Company boosted their target price on Chubb from $234.00 to $255.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 1st. Nine analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $266.37.

Chubb Stock Down 2.7 %

Shares of Chubb stock traded down $6.87 during midday trading on Wednesday, hitting $243.01. The company had a trading volume of 3,184,853 shares, compared to its average volume of 1,748,423. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.29 and a current ratio of 0.29. The stock has a market capitalization of $98.66 billion, a P/E ratio of 11.01, a P/E/G ratio of 1.18 and a beta of 0.62. The company has a 50 day moving average of $252.64 and a 200 day moving average of $235.15. Chubb Limited has a 52-week low of $183.71 and a 52-week high of $260.58.

Chubb (NYSE:CB) last issued its earnings results on Tuesday, April 23rd. The financial services provider reported $5.41 EPS for the quarter, beating the consensus estimate of $5.29 by $0.12. Chubb had a return on equity of 16.45% and a net margin of 18.11%. The business had revenue of $12.22 billion for the quarter, compared to the consensus estimate of $11.75 billion. During the same period last year, the business posted $4.41 EPS. The company’s revenue was up 14.1% compared to the same quarter last year. On average, equities analysts predict that Chubb Limited will post 21.32 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Friday, March 15th were issued a dividend of $0.86 per share. The ex-dividend date was Thursday, March 14th. This represents a $3.44 annualized dividend and a dividend yield of 1.42%. Chubb’s payout ratio is 15.76%.

Insider Activity

In other news, EVP Timothy Alan Boroughs sold 14,303 shares of the stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $258.78, for a total transaction of $3,701,330.34. Following the transaction, the executive vice president now directly owns 35,662 shares of the company’s stock, valued at approximately $9,228,612.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Chubb news, CAO Annmarie T. Hagan sold 7,180 shares of Chubb stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $245.04, for a total value of $1,759,387.20. Following the transaction, the chief accounting officer now directly owns 6,105 shares of the company’s stock, valued at $1,495,969.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Timothy Alan Boroughs sold 14,303 shares of Chubb stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $258.78, for a total transaction of $3,701,330.34. Following the completion of the transaction, the executive vice president now directly owns 35,662 shares in the company, valued at $9,228,612.36. The disclosure for this sale can be found here. Insiders have sold 116,043 shares of company stock valued at $29,766,694 in the last ninety days. 0.86% of the stock is currently owned by company insiders.

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.