Zions Bancorporation N.A. Increases Stake in Chubb Limited (NYSE:CB)

Zions Bancorporation N.A. boosted its stake in Chubb Limited (NYSE:CB) by 59.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 3,858 shares of the financial services provider’s stock after buying an additional 1,441 shares during the quarter. Zions Bancorporation N.A.’s holdings in Chubb were worth $1,066,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Larson Financial Group LLC raised its holdings in Chubb by 146.7% in the third quarter. Larson Financial Group LLC now owns 565 shares of the financial services provider’s stock worth $163,000 after purchasing an additional 336 shares in the last quarter. Truvestments Capital LLC bought a new position in shares of Chubb in the 3rd quarter worth about $30,000. The Manufacturers Life Insurance Company lifted its position in Chubb by 23.3% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 760,701 shares of the financial services provider’s stock valued at $219,379,000 after acquiring an additional 143,840 shares during the period. Avestar Capital LLC lifted its position in Chubb by 5.2% during the 3rd quarter. Avestar Capital LLC now owns 2,812 shares of the financial services provider’s stock valued at $811,000 after acquiring an additional 140 shares during the period. Finally, Transamerica Financial Advisors Inc. boosted its stake in Chubb by 299.6% during the third quarter. Transamerica Financial Advisors Inc. now owns 939 shares of the financial services provider’s stock worth $271,000 after acquiring an additional 704 shares in the last quarter. 83.81% of the stock is owned by institutional investors.

Chubb Trading Up 1.3 %

NYSE:CB opened at $295.16 on Thursday. The company has a market cap of $118.19 billion, a PE ratio of 12.99, a price-to-earnings-growth ratio of 3.36 and a beta of 0.66. The company has a current ratio of 0.25, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. The company has a 50 day simple moving average of $278.22 and a two-hundred day simple moving average of $281.35. Chubb Limited has a 12 month low of $238.85 and a 12 month high of $302.05.

Chubb (NYSE:CB) last issued its quarterly earnings data 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 return on equity of 13.75% and a net margin of 16.63%. Research analysts forecast that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 14th will be issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date is Friday, March 14th. Chubb’s payout ratio is 16.02%.

Insider Buying and Selling at Chubb

In related news, EVP Timothy Alan Boroughs sold 14,748 shares of the company’s stock in a transaction 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 completion of the transaction, the executive vice president now owns 29,194 shares of the company’s stock, valued at approximately $8,644,927.28. This represents a 33.56 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Joseph F. Wayland sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $286.96, for a total value of $2,869,600.00. Following the sale, the executive vice president now directly owns 77,703 shares in the company, valued at approximately $22,297,652.88. This represents a 11.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 63,470 shares of company stock valued at $18,562,730. Insiders own 0.86% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on CB. Royal Bank of Canada reiterated an “outperform” rating and set a $320.00 target price on shares of Chubb in a report on Thursday, January 30th. Keefe, Bruyette & Woods lifted their price objective on Chubb from $328.00 to $329.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Hsbc Global Res raised Chubb from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 5th. HSBC raised Chubb from a “hold” rating to a “buy” rating and set a $323.00 price target for the company in a research report on Wednesday, March 5th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Chubb from $296.00 to $300.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $301.00.

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.