Echo45 Advisors LLC Acquires 56 Shares of Chubb Limited (NYSE:CB)

Echo45 Advisors LLC raised its holdings in shares of Chubb Limited (NYSE:CB) by 5.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,178 shares of the financial services provider’s stock after purchasing an additional 56 shares during the quarter. Echo45 Advisors LLC’s holdings in Chubb were worth $266,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in CB. Americana Partners LLC bought a new stake in shares of Chubb in the third quarter valued at about $292,000. Lazard Asset Management LLC raised its holdings in shares of Chubb by 978.1% in the third quarter. Lazard Asset Management LLC now owns 546,556 shares of the financial services provider’s stock valued at $113,781,000 after acquiring an additional 495,860 shares in the last quarter. Alphinity Investment Management Pty Ltd raised its holdings in shares of Chubb by 155.8% in the fourth quarter. Alphinity Investment Management Pty Ltd now owns 532,015 shares of the financial services provider’s stock valued at $120,235,000 after acquiring an additional 324,019 shares in the last quarter. Graypoint LLC grew its stake in Chubb by 1,275.7% in the fourth quarter. Graypoint LLC now owns 31,599 shares of the financial services provider’s stock valued at $7,141,000 after purchasing an additional 29,302 shares during the last quarter. Finally, BKM Wealth Management LLC purchased a new position in Chubb in the fourth quarter valued at about $1,403,000. 83.81% of the stock is currently owned by institutional investors.

Chubb Stock Performance

NYSE CB traded up $1.86 during trading hours on Thursday, reaching $245.39. The stock had a trading volume of 1,548,981 shares, compared to its average volume of 1,717,337. The stock has a fifty day moving average of $252.43 and a 200 day moving average of $233.80. The stock has a market cap of $99.63 billion, a P/E ratio of 11.15, a price-to-earnings-growth ratio of 1.16 and a beta of 0.62. Chubb Limited has a 52-week low of $183.71 and a 52-week high of $260.58. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.29 and a current ratio of 0.29.

Chubb (NYSE:CB) last issued its earnings results on Tuesday, January 30th. The financial services provider reported $8.30 EPS for the quarter, beating 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 firm had revenue of $13.38 billion for the quarter, compared to analyst estimates of $12.88 billion. Sell-side analysts predict that Chubb Limited will post 21.13 earnings per share for the current year.

Chubb Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Friday, March 15th were issued a $0.86 dividend. This represents a $3.44 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date of this dividend was Thursday, March 14th. Chubb’s payout ratio is presently 15.76%.

Wall Street Analyst Weigh In

CB has been the topic of several analyst reports. Raymond James lifted their target price on Chubb from $270.00 to $285.00 and gave the company a “strong-buy” rating in a research note on Thursday, February 1st. Keefe, Bruyette & Woods lifted their target price on Chubb from $275.00 to $297.00 and gave the company an “outperform” rating in a research note on Wednesday, April 10th. JPMorgan Chase & Co. lifted their target price on Chubb from $253.00 to $266.00 and gave the company a “neutral” rating in a research note on Monday, April 8th. Evercore ISI boosted their price target on Chubb from $270.00 to $281.00 and gave the stock an “outperform” rating in a research note on Thursday, April 11th. Finally, Morgan Stanley boosted their price target on Chubb from $258.00 to $260.00 and gave the stock an “equal weight” rating in a research note on Monday. Nine equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Chubb currently has a consensus rating of “Moderate Buy” and a consensus price target of $266.37.

Insider Buying and Selling at Chubb

In other Chubb news, CAO Annmarie T. Hagan sold 7,180 shares of the business’s stock in a transaction that occurred 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 transaction, the chief accounting officer now directly owns 6,105 shares of the company’s stock, valued at $1,495,969.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CAO Annmarie T. Hagan sold 7,180 shares of the company’s stock in a transaction that occurred 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 directly owns 6,105 shares of the company’s stock, valued at approximately $1,495,969.20. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Timothy Alan Boroughs sold 14,303 shares of the company’s stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 35,662 shares of the company’s stock, valued at $9,228,612.36. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 116,043 shares of company stock valued at $29,766,694. 0.86% of the stock is owned by company insiders.

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.