Titleist Asset Management LLC Buys 151 Shares of Chubb Limited (NYSE:CB)

Titleist Asset Management LLC raised its stake in shares of Chubb Limited (NYSE:CB) by 13.9% in the 4th quarter, Holdings Channel reports. The firm owned 1,236 shares of the financial services provider’s stock after acquiring an additional 151 shares during the period. Titleist Asset Management LLC’s holdings in Chubb were worth $341,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Quadrant Capital Group LLC boosted its position in shares of Chubb by 21.8% during the 4th quarter. Quadrant Capital Group LLC now owns 5,624 shares of the financial services provider’s stock valued at $1,554,000 after acquiring an additional 1,005 shares during the last quarter. Ilmarinen Mutual Pension Insurance Co bought a new position in Chubb during the fourth quarter valued at $24,942,000. Russell Investments Group Ltd. lifted its position in Chubb by 7.7% during the fourth quarter. Russell Investments Group Ltd. now owns 341,924 shares of the financial services provider’s stock valued at $94,459,000 after purchasing an additional 24,544 shares during the last quarter. Hurley Capital LLC purchased a new position in shares of Chubb in the 4th quarter worth $44,000. Finally, Wedbush Securities Inc. increased its holdings in shares of Chubb by 18.4% in the 4th quarter. Wedbush Securities Inc. now owns 16,064 shares of the financial services provider’s stock worth $4,438,000 after buying an additional 2,496 shares during the last quarter. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Insider Buying and Selling

In other Chubb news, EVP Joseph F. Wayland sold 10,000 shares of Chubb stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $286.96, for a total transaction of $2,869,600.00. Following the completion of the sale, the executive vice president now directly owns 77,703 shares in the company, valued at approximately $22,297,652.88. The trade was a 11.40 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Timothy Alan Boroughs sold 14,748 shares of the stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $296.12, for a total transaction of $4,367,177.76. Following the completion of the sale, the executive vice president now owns 29,194 shares in the company, valued at $8,644,927.28. The trade was a 33.56 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 63,470 shares of company stock worth $18,562,730 in the last 90 days. Insiders own 0.86% of the company’s stock.

Chubb Stock Down 7.2 %

Shares of NYSE:CB opened at $280.74 on Monday. The business’s 50 day moving average is $282.25 and its 200 day moving average is $281.69. The company has a quick ratio of 0.28, a current ratio of 0.25 and a debt-to-equity ratio of 0.21. The stock has a market cap of $112.41 billion, a P/E ratio of 12.36, a price-to-earnings-growth ratio of 3.36 and a beta of 0.66. Chubb Limited has a 52-week low of $238.85 and a 52-week high of $306.91.

Chubb (NYSE:CB) last released its earnings results on Tuesday, January 28th. The financial services provider reported $6.02 EPS for the quarter, topping analysts’ consensus estimates of $5.33 by $0.69. Chubb had a net margin of 16.63% and a return on equity of 13.75%. Sell-side analysts predict that Chubb Limited will post 21.52 EPS for the current year.

Chubb Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Friday, March 14th were paid a $0.91 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $3.64 dividend on an annualized basis and a yield of 1.30%. Chubb’s dividend payout ratio (DPR) is 16.02%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Wells Fargo & Company lowered their price target on shares of Chubb from $268.00 to $264.00 and set an “equal weight” rating for the company in a report on Tuesday, January 14th. JPMorgan Chase & Co. raised their price objective on Chubb from $296.00 to $300.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. HSBC raised Chubb from a “hold” rating to a “buy” rating and set a $323.00 target price on the stock in a research report on Wednesday, March 5th. Hsbc Global Res upgraded Chubb from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 5th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $320.00 price objective on shares of Chubb in a research note on Thursday, January 30th. Two analysts have rated the stock with a sell rating, six have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $303.14.

Chubb 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.