SRS Capital Advisors Inc. Has $484,000 Holdings in Chubb Limited (NYSE:CB)

SRS Capital Advisors Inc. lifted its position in Chubb Limited (NYSE:CB) by 37.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 2,143 shares of the financial services provider’s stock after acquiring an additional 579 shares during the period. SRS Capital Advisors Inc.’s holdings in Chubb were worth $484,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Commonwealth Equity Services LLC lifted its position in shares of Chubb by 4.2% during the 3rd quarter. Commonwealth Equity Services LLC now owns 76,125 shares of the financial services provider’s stock worth $15,848,000 after buying an additional 3,068 shares during the period. Cambridge Investment Research Advisors Inc. grew its holdings in shares of Chubb by 6.9% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 52,589 shares of the financial services provider’s stock worth $10,948,000 after purchasing an additional 3,386 shares during the last quarter. Dakota Wealth Management grew its holdings in shares of Chubb by 141.5% in the 3rd quarter. Dakota Wealth Management now owns 3,971 shares of the financial services provider’s stock worth $827,000 after purchasing an additional 2,327 shares during the last quarter. Stratos Wealth Advisors LLC increased its position in shares of Chubb by 2.1% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 4,767 shares of the financial services provider’s stock worth $992,000 after purchasing an additional 99 shares in the last quarter. Finally, Legacy Financial Group LLC bought a new position in Chubb during the 3rd quarter valued at about $101,000. 83.81% of the stock is owned by institutional investors.

Analyst Ratings Changes

CB has been the topic of several recent analyst reports. Keefe, Bruyette & Woods boosted their target price on Chubb from $275.00 to $297.00 and gave the stock an “outperform” rating in a report on Wednesday, April 10th. HSBC restated a “hold” rating and set a $270.00 target price (down previously from $275.00) on shares of Chubb in a report on Thursday, April 4th. JPMorgan Chase & Co. upped their price target on shares of Chubb from $253.00 to $266.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. TD Cowen initiated coverage on shares of Chubb in a research report on Wednesday, January 10th. They issued a “market perform” rating and a $254.00 price objective for the company. Finally, Evercore ISI upped their target price on shares of Chubb from $270.00 to $281.00 and gave the stock an “outperform” rating in a research report on Thursday, April 11th. Ten equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Chubb presently has a consensus rating of “Moderate Buy” and a consensus target price of $266.89.

Chubb Trading Down 0.7 %

Shares of NYSE CB traded down $1.74 during midday trading on Friday, reaching $248.51. 1,444,703 shares of the stock were exchanged, compared to its average volume of 1,743,355. Chubb Limited has a 12 month low of $183.71 and a 12 month high of $260.58. The company has a market capitalization of $100.91 billion, a price-to-earnings ratio of 11.03, a P/E/G ratio of 1.18 and a beta of 0.63. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.29 and a quick ratio of 0.29. The business has a 50-day simple moving average of $252.11 and a two-hundred day simple moving average of $236.62.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, April 23rd. The financial services provider reported $5.41 earnings per share for the quarter, topping the consensus estimate of $5.29 by $0.12. Chubb had a return on equity of 16.29% and a net margin of 17.99%. The firm had revenue of $12.22 billion for the quarter, compared to analyst estimates of $11.75 billion. During the same period in the previous year, the company posted $4.41 earnings per share. The company’s revenue for the quarter was up 14.1% on a year-over-year basis. As a group, equities research analysts expect that Chubb Limited will post 21.18 EPS for the current year.

Chubb Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Friday, March 15th were given a dividend of $0.86 per share. This represents a $3.44 annualized dividend and a dividend yield of 1.38%. The ex-dividend date of this dividend was Thursday, March 14th. Chubb’s dividend payout ratio is 15.27%.

Insider Buying and Selling

In other Chubb news, EVP Timothy Alan Boroughs sold 14,303 shares of Chubb stock in a transaction dated 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 is accessible through the SEC website. In related news, insider John J. Lupica sold 34,464 shares of the stock in a transaction 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 transaction, the insider now owns 130,937 shares in the company, valued at $33,902,208.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Timothy Alan Boroughs sold 14,303 shares of Chubb stock in a transaction 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 completion of the sale, the executive vice president now 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 a total of 108,863 shares of company stock worth $28,007,307 over the last ninety days. Company insiders own 0.86% of the company’s stock.

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.