Bailard Inc. Buys 1,722 Shares of Chubb Limited (NYSE:CB)

Bailard Inc. boosted its stake in Chubb Limited (NYSE:CB) by 4.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 45,104 shares of the financial services provider’s stock after purchasing an additional 1,722 shares during the period. Bailard Inc.’s holdings in Chubb were worth $10,194,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. IFP Advisors Inc grew its stake in shares of Chubb by 34.7% in the third quarter. IFP Advisors Inc now owns 1,086 shares of the financial services provider’s stock worth $226,000 after purchasing an additional 280 shares during the last quarter. Arkadios Wealth Advisors grew its position in shares of Chubb by 15.8% in the 3rd quarter. Arkadios Wealth Advisors now owns 1,592 shares of the financial services provider’s stock worth $331,000 after buying an additional 217 shares during the last quarter. Avior Wealth Management LLC increased its stake in shares of Chubb by 14.9% during the third quarter. Avior Wealth Management LLC now owns 5,082 shares of the financial services provider’s stock valued at $1,058,000 after buying an additional 659 shares during the period. LaFleur & Godfrey LLC bought a new position in shares of Chubb during the third quarter valued at approximately $202,000. Finally, Proficio Capital Partners LLC lifted its stake in Chubb by 5.1% in the third quarter. Proficio Capital Partners LLC now owns 2,679 shares of the financial services provider’s stock worth $558,000 after acquiring an additional 130 shares during the period. Institutional investors own 83.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on CB. JPMorgan Chase & Co. upped their price objective on shares of Chubb from $253.00 to $266.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. JMP Securities reissued a “market outperform” rating and issued a $280.00 price target on shares of Chubb in a research note on Monday, April 15th. Royal Bank of Canada upped their target price on Chubb from $255.00 to $275.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. Wells Fargo & Company raised their target price on Chubb from $234.00 to $255.00 and gave the company an “equal weight” rating in a research note on Thursday, February 1st. Finally, HSBC reaffirmed a “hold” rating and issued a $270.00 price target (down from $275.00) on shares of Chubb in a research note on Thursday, April 4th. Ten investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $266.37.

Insider Activity

In other news, insider John J. Lupica sold 34,464 shares of the stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $258.92, for a total transaction of $8,923,418.88. Following the transaction, the insider now directly owns 130,937 shares of the company’s stock, valued at approximately $33,902,208.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Chubb news, insider John J. Lupica sold 34,464 shares of the business’s stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $258.92, for a total transaction of $8,923,418.88. Following the completion of the sale, the insider now directly owns 130,937 shares in the company, valued at approximately $33,902,208.04. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Annmarie T. Hagan sold 7,180 shares of the 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 owns 6,105 shares in the company, valued at approximately $1,495,969.20. The disclosure for this sale can be found here. Insiders sold 116,043 shares of company stock valued at $29,766,694 over the last three months. Insiders own 0.86% of the company’s stock.

Chubb Stock Down 2.7 %

CB stock traded down $6.87 during midday trading on Wednesday, hitting $243.01. The company’s stock had a trading volume of 3,184,853 shares, compared to its average volume of 1,748,423. The firm’s 50-day moving average is $252.54 and its 200-day moving average is $235.21. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.20. Chubb Limited has a 12 month low of $183.71 and a 12 month high of $260.58. The company has a market cap of $98.66 billion, a PE ratio of 11.13, a P/E/G ratio of 1.18 and a beta of 0.62.

Chubb (NYSE:CB) last announced its quarterly earnings results on Tuesday, April 23rd. The financial services provider reported $5.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.29 by $0.12. Chubb had a return on equity of 16.45% and a net margin of 18.11%. The firm had revenue of $12.22 billion for the quarter, compared to the consensus estimate of $11.75 billion. During the same period in the prior year, the company posted $4.41 earnings per share. The company’s quarterly revenue was up 14.1% on a year-over-year basis. On average, equities research analysts forecast that Chubb Limited will post 21.32 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Friday, March 15th were paid a $0.86 dividend. The ex-dividend date was Thursday, March 14th. This represents a $3.44 dividend on an annualized basis and a dividend yield of 1.42%. Chubb’s dividend payout ratio is presently 15.76%.

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.