Valeo Financial Advisors LLC increased its stake in Chubb Ltd (NYSE:CB) by 90.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,643 shares of the financial services provider’s stock after acquiring an additional 1,257 shares during the quarter. Valeo Financial Advisors LLC’s holdings in Chubb were worth $386,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Welch Group LLC acquired a new position in shares of Chubb in the fourth quarter worth approximately $110,000. Horan Capital Advisors LLC. acquired a new position in Chubb in the third quarter valued at approximately $133,000. Covenant Multifamily Offices LLC acquired a new position in Chubb in the fourth quarter valued at approximately $135,000. Zions Bancorporation lifted its stake in Chubb by 716.3% in the third quarter. Zions Bancorporation now owns 1,151 shares of the financial services provider’s stock valued at $164,000 after buying an additional 1,010 shares during the period. Finally, Fisher Asset Management LLC acquired a new position in Chubb in the third quarter valued at approximately $200,000. 89.16% of the stock is currently owned by institutional investors.

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Shares of Chubb Ltd (CB) opened at $141.06 on Friday. Chubb Ltd has a 1-year low of $133.82 and a 1-year high of $157.50. The stock has a market capitalization of $65,460.00, a price-to-earnings ratio of 15.99, a P/E/G ratio of 1.32 and a beta of 1.01. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.23.

Chubb (NYSE:CB) last announced its quarterly earnings results on Tuesday, January 30th. The financial services provider reported $3.17 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.31 by $0.86. The business had revenue of $7.05 billion during the quarter, compared to the consensus estimate of $6.64 billion. Chubb had a return on equity of 14.42% and a net margin of 22.77%. Chubb’s revenue was up 1.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.72 earnings per share. analysts forecast that Chubb Ltd will post 10.75 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 20th. Shareholders of record on Thursday, March 29th will be paid a $0.71 dividend. The ex-dividend date is Wednesday, March 28th. This represents a $2.84 dividend on an annualized basis and a yield of 2.01%. Chubb’s dividend payout ratio (DPR) is presently 32.20%.

Chubb declared that its board has authorized a stock repurchase program on Thursday, December 21st that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the financial services provider to reacquire shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its shares are undervalued.

Several equities analysts have issued reports on CB shares. Barclays boosted their price target on Chubb from $169.00 to $175.00 and gave the company an “overweight” rating in a research note on Tuesday, February 20th. Zacks Investment Research lowered Chubb from a “buy” rating to a “sell” rating in a research note on Friday, January 5th. Wells Fargo & Co set a $169.00 price target on Chubb and gave the company a “buy” rating in a research note on Wednesday, November 29th. Goldman Sachs Group assumed coverage on Chubb in a research note on Monday, December 4th. They issued a “buy” rating and a $167.00 price target on the stock. Finally, Credit Suisse Group reaffirmed a “neutral” rating and set a $156.00 target price on shares of Chubb in a research report on Tuesday, December 19th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $165.25.

In other Chubb news, CEO Evan G. Greenberg sold 95,761 shares of the company’s stock in a transaction on Thursday, December 21st. The stock was sold at an average price of $145.56, for a total value of $13,938,971.16. Following the completion of the transaction, the chief executive officer now owns 1,367,229 shares in the company, valued at approximately $199,013,853.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Juan C. Andrade sold 9,373 shares of the company’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $146.06, for a total value of $1,369,020.38. Following the completion of the transaction, the insider now owns 110,195 shares of the company’s stock, valued at approximately $16,095,081.70. The disclosure for this sale can be found here. 0.43% of the stock is owned by corporate insiders.

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Chubb Company Profile

Chubb Limited is a holding company. The Company, through its subsidiaries, provides a range of insurance and reinsurance products and services to clients around the world. Its segments include North America Commercial property and casualty (P&C) Insurance, North America Personal P&C Insurance, North America Agricultural Insurance, Overseas General Insurance, Global Reinsurance and Life Insurance.

Institutional Ownership by Quarter for Chubb (NYSE:CB)

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