Golden State Equity Partners Acquires 562 Shares of Chubb Limited (NYSE:CB)

Golden State Equity Partners boosted its holdings in shares of Chubb Limited (NYSE:CB) by 30.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 2,404 shares of the financial services provider’s stock after buying an additional 562 shares during the quarter. Golden State Equity Partners’ holdings in Chubb were worth $543,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently added to or reduced their stakes in the business. Wellington Management Group LLP grew its position in Chubb by 0.8% during the third quarter. Wellington Management Group LLP now owns 18,522,413 shares of the financial services provider’s stock valued at $3,855,996,000 after buying an additional 138,142 shares during the period. Deutsche Bank AG increased its stake in shares of Chubb by 426.8% in the third quarter. Deutsche Bank AG now owns 16,119,520 shares of the financial services provider’s stock worth $3,355,762,000 after purchasing an additional 13,059,385 shares in the last quarter. Northern Trust Corp increased its stake in shares of Chubb by 2.3% in the third quarter. Northern Trust Corp now owns 4,221,419 shares of the financial services provider’s stock worth $878,815,000 after purchasing an additional 93,885 shares in the last quarter. Raymond James & Associates increased its stake in shares of Chubb by 2.6% in the fourth quarter. Raymond James & Associates now owns 3,103,101 shares of the financial services provider’s stock worth $701,301,000 after purchasing an additional 77,453 shares in the last quarter. Finally, Boston Partners increased its stake in shares of Chubb by 6.4% in the third quarter. Boston Partners now owns 2,850,197 shares of the financial services provider’s stock worth $594,006,000 after purchasing an additional 170,774 shares in the last quarter. 83.81% of the stock is currently owned by institutional investors.

Chubb Stock Down 0.2 %

Shares of NYSE:CB traded down $0.51 during trading on Friday, reaching $245.45. The stock had a trading volume of 1,565,900 shares, compared to its average volume of 1,523,435. Chubb Limited has a one year low of $183.71 and a one year high of $260.58. The company has a market capitalization of $99.65 billion, a P/E ratio of 10.89, a PEG ratio of 1.16 and a beta of 0.62. The company has a current ratio of 0.35, a quick ratio of 0.29 and a debt-to-equity ratio of 0.20. The firm’s 50-day simple moving average is $252.33 and its 200 day simple moving average is $235.52.

Chubb (NYSE:CB) last released its earnings results on Tuesday, April 23rd. The financial services provider reported $5.41 EPS for the quarter, topping analysts’ consensus estimates of $5.29 by $0.12. The company had revenue of $12.22 billion during the quarter, compared to analysts’ expectations of $11.75 billion. Chubb had a net margin of 17.99% and a return on equity of 16.29%. Chubb’s revenue for the quarter was up 14.1% on a year-over-year basis. During the same period last year, the business earned $4.41 EPS. As a group, research analysts expect that Chubb Limited will post 21.23 EPS for the current fiscal year.

Chubb Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Friday, March 15th were paid a $0.86 dividend. This represents a $3.44 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date was Thursday, March 14th. Chubb’s dividend payout ratio (DPR) is presently 15.27%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on CB. HSBC reissued a “hold” rating and issued a $270.00 price objective (down from $275.00) on shares of Chubb in a research note on Thursday, April 4th. Roth Mkm restated a “buy” rating and set a $280.00 target price on shares of Chubb in a research report on Wednesday. JMP Securities restated a “market outperform” rating and set a $280.00 target price on shares of Chubb in a research report on Monday, April 15th. StockNews.com lowered shares of Chubb from a “buy” rating to a “hold” rating in a research report on Wednesday. Finally, JPMorgan Chase & Co. increased their price objective on shares of Chubb from $253.00 to $266.00 and gave the company a “neutral” rating in a research report on Monday, April 8th. Ten analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Chubb currently has a consensus rating of “Moderate Buy” and an average target price of $266.89.

Insider Buying and Selling

In related news, EVP Timothy Alan Boroughs sold 14,303 shares of Chubb stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $258.78, for a total value of $3,701,330.34. Following the completion of the sale, the executive vice president now directly owns 35,662 shares in the company, 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 the SEC website. In other Chubb news, insider John J. Lupica sold 34,464 shares of Chubb stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $258.92, for a total transaction of $8,923,418.88. Following the completion of the sale, the insider now directly owns 130,937 shares in the company, valued at approximately $33,902,208.04. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Timothy Alan Boroughs sold 14,303 shares of Chubb stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $258.78, for a total transaction of $3,701,330.34. Following the sale, the executive vice president now owns 35,662 shares of the company’s stock, valued at $9,228,612.36. The disclosure for this sale can be found here. Insiders sold 116,043 shares of company stock worth $29,766,694 in the last three months. Corporate insiders own 0.86% of the company’s stock.

Chubb Company Profile

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.