Interchange Capital Partners LLC Buys 76 Shares of Chubb Limited (NYSE:CB)

Interchange Capital Partners LLC grew its stake in shares of Chubb Limited (NYSE:CB) by 5.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,359 shares of the financial services provider’s stock after acquiring an additional 76 shares during the period. Interchange Capital Partners LLC’s holdings in Chubb were worth $375,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the company. Continuum Advisory LLC grew its stake in shares of Chubb by 56.5% in the third quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 35 shares in the last quarter. Gordian Capital Singapore Pte Ltd bought a new stake in Chubb in the 3rd quarter valued at about $29,000. Raelipskie Partnership acquired a new position in shares of Chubb during the 3rd quarter worth approximately $29,000. Sierra Ocean LLC bought a new position in shares of Chubb during the fourth quarter worth approximately $29,000. Finally, Crowley Wealth Management Inc. acquired a new stake in shares of Chubb in the fourth quarter valued at approximately $29,000. Institutional investors own 83.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on CB shares. Keefe, Bruyette & Woods increased their price target on Chubb from $328.00 to $329.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. HSBC raised Chubb from a “hold” rating to a “buy” rating and set a $323.00 target price on the stock in a report on Wednesday, March 5th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $320.00 price target on shares of Chubb in a research note on Thursday, January 30th. Hsbc Global Res upgraded shares of Chubb from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 5th. Finally, JMP Securities reissued a “market outperform” rating and issued a $325.00 target price on shares of Chubb in a report on Wednesday, January 29th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Chubb has a consensus rating of “Hold” and an average price target of $301.00.

Insider Activity at Chubb

In other news, EVP Timothy Alan Boroughs sold 14,748 shares of the company’s stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $296.12, for a total value of $4,367,177.76. Following the transaction, the executive vice president now owns 29,194 shares in the company, valued at approximately $8,644,927.28. This represents a 33.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO George F. Ohsiek sold 763 shares of the stock in a transaction on Friday, March 14th. The shares were sold at an average price of $290.41, for a total value of $221,582.83. Following the sale, the chief accounting officer now directly owns 20,044 shares in the company, valued at $5,820,978.04. This trade represents a 3.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 63,470 shares of company stock worth $18,562,730 over the last quarter. Corporate insiders own 0.86% of the company’s stock.

Chubb Trading Up 0.0 %

Shares of CB stock opened at $291.52 on Tuesday. The business’s fifty day moving average is $277.16 and its 200 day moving average is $281.22. Chubb Limited has a 52-week low of $238.85 and a 52-week high of $302.05. The company has a market capitalization of $116.73 billion, a PE ratio of 12.83, a price-to-earnings-growth ratio of 3.36 and a beta of 0.66. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.25.

Chubb (NYSE:CB) last posted its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $6.02 EPS for the quarter, topping the consensus estimate of $5.33 by $0.69. Chubb had a net margin of 16.63% and a return on equity of 13.75%. On average, equities research analysts anticipate that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 14th will be given a $0.91 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.25%. Chubb’s dividend payout ratio is currently 16.02%.

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.