Allred Capital Management LLC Buys Shares of 2,496 Chubb Ltd (CB)

Allred Capital Management LLC bought a new position in shares of Chubb Ltd (NYSE:CB) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,496 shares of the financial services provider’s stock, valued at approximately $349,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. JPMorgan Chase & Co. grew its stake in shares of Chubb by 1.0% during the third quarter. JPMorgan Chase & Co. now owns 6,737,036 shares of the financial services provider’s stock valued at $900,339,000 after buying an additional 63,629 shares during the last quarter. BlueMountain Capital Management LLC purchased a new stake in shares of Chubb during the third quarter worth about $219,000. Man Group plc boosted its holdings in shares of Chubb by 172.3% during the third quarter. Man Group plc now owns 72,656 shares of the financial services provider’s stock worth $9,709,000 after purchasing an additional 45,975 shares during the period. Mackenzie Financial Corp boosted its holdings in shares of Chubb by 24.3% during the third quarter. Mackenzie Financial Corp now owns 5,177 shares of the financial services provider’s stock worth $692,000 after purchasing an additional 1,013 shares during the period. Finally, Brown Brothers Harriman & Co. boosted its holdings in shares of Chubb by 9.1% during the third quarter. Brown Brothers Harriman & Co. now owns 4,905 shares of the financial services provider’s stock worth $656,000 after purchasing an additional 411 shares during the period. 88.71% of the stock is owned by hedge funds and other institutional investors.

In other Chubb news, insider Paul Bennett Medini sold 2,437 shares of the firm’s stock in a transaction dated Wednesday, February 20th. The shares were sold at an average price of $133.94, for a total value of $326,411.78. Following the completion of the sale, the insider now directly owns 95,101 shares in the company, valued at $12,737,827.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider John J. Lupica sold 17,879 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $134.95, for a total transaction of $2,412,771.05. Following the completion of the sale, the insider now owns 192,265 shares of the company’s stock, valued at $25,946,161.75. The disclosure for this sale can be found here. Company insiders own 0.47% of the company’s stock.

A number of analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of Chubb from a “hold” rating to a “sell” rating in a report on Wednesday, February 6th. Sandler O’Neill lowered shares of Chubb from a “buy” rating to a “hold” rating in a report on Wednesday, April 3rd. Raymond James dropped their target price on shares of Chubb from $160.00 to $150.00 and set an “outperform” rating for the company in a report on Monday, February 11th. Wells Fargo & Co set a $160.00 target price on shares of Chubb and gave the stock a “buy” rating in a report on Friday, January 18th. Finally, Deutsche Bank dropped their target price on shares of Chubb from $123.00 to $121.00 and set a “sell” rating for the company in a report on Monday, January 7th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the stock. Chubb presently has an average rating of “Hold” and a consensus target price of $151.33.

Shares of CB opened at $140.21 on Wednesday. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 0.24. Chubb Ltd has a one year low of $119.54 and a one year high of $141.59. The stock has a market capitalization of $64.25 billion, a price-to-earnings ratio of 14.85, a P/E/G ratio of 1.31 and a beta of 0.81.

Chubb (NYSE:CB) last issued its quarterly earnings data on Tuesday, February 5th. The financial services provider reported $2.02 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.93 by $0.09. Chubb had a net margin of 11.72% and a return on equity of 8.66%. The business had revenue of $6.77 billion during the quarter, compared to analyst estimates of $6.80 billion. During the same period last year, the business posted $3.17 earnings per share. Chubb’s quarterly revenue was up 4.2% compared to the same quarter last year. Sell-side analysts predict that Chubb Ltd will post 10.61 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 22nd were issued a $0.73 dividend. The ex-dividend date was Thursday, March 21st. This represents a $2.92 annualized dividend and a yield of 2.08%. Chubb’s dividend payout ratio (DPR) is presently 30.93%.

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About Chubb

Chubb Limited, through its subsidiaries, provides insurance and reinsurance products worldwide. Its North America Commercial P&C Insurance segment offers commercial property, marine, general casualty, workers' compensation, package policies, and risk management; and professional lines, marine, construction, environmental, medical, cyber risk, and excess casualty, as well as group accident and health insurance to large, middle market, and small commercial businesses in the United States, Canada, and Bermuda.

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Institutional Ownership by Quarter for Chubb (NYSE:CB)

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