Palisade Asset Management LLC Boosts Holdings in Chubb Limited (NYSE:CB)

Palisade Asset Management LLC increased its holdings in Chubb Limited (NYSE:CB) by 46.2% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,466 shares of the financial services provider’s stock after buying an additional 463 shares during the period. Palisade Asset Management LLC’s holdings in Chubb were worth $331,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of CB. Deutsche Bank AG boosted its holdings in shares of Chubb by 426.8% during the 3rd quarter. Deutsche Bank AG now owns 16,119,520 shares of the financial services provider’s stock valued at $3,355,762,000 after buying an additional 13,059,385 shares in the last quarter. Lazard Asset Management LLC boosted its stake in Chubb by 978.1% during the 3rd quarter. Lazard Asset Management LLC now owns 546,556 shares of the financial services provider’s stock valued at $113,781,000 after purchasing an additional 495,860 shares during the last quarter. International Assets Investment Management LLC increased its holdings in shares of Chubb by 19,454.2% in the 4th quarter. International Assets Investment Management LLC now owns 485,336 shares of the financial services provider’s stock worth $1,096,860,000 after purchasing an additional 482,854 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Chubb by 43.4% in the third quarter. Envestnet Asset Management Inc. now owns 1,107,362 shares of the financial services provider’s stock worth $230,531,000 after purchasing an additional 334,970 shares during the last quarter. Finally, Alphinity Investment Management Pty Ltd lifted its holdings in shares of Chubb by 155.8% during the fourth quarter. Alphinity Investment Management Pty Ltd now owns 532,015 shares of the financial services provider’s stock valued at $120,235,000 after purchasing an additional 324,019 shares in the last quarter. Institutional investors own 83.81% of the company’s stock.

Chubb Price Performance

Shares of CB traded down $0.10 during mid-day trading on Tuesday, hitting $251.95. 1,212,354 shares of the stock were exchanged, compared to its average volume of 1,726,294. The firm has a 50-day moving average of $251.85 and a two-hundred day moving average of $237.76. Chubb Limited has a 52-week low of $183.71 and a 52-week high of $260.58. The company has a market cap of $102.31 billion, a PE ratio of 11.18, a price-to-earnings-growth ratio of 1.17 and a beta of 0.63. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.29 and a current ratio of 0.29.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, April 23rd. The financial services provider reported $5.41 earnings per share for the quarter, topping analysts’ consensus estimates of $5.29 by $0.12. The firm had revenue of $12.22 billion for the quarter, compared to the consensus estimate of $11.75 billion. Chubb had a net margin of 17.99% and a return on equity of 16.29%. The business’s quarterly revenue was up 14.1% on a year-over-year basis. During the same period in the previous year, the firm posted $4.41 EPS. On average, equities analysts predict that Chubb Limited will post 21.18 earnings per share for the current year.

Chubb Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Friday, March 15th were given a $0.86 dividend. The ex-dividend date was Thursday, March 14th. This represents a $3.44 dividend on an annualized basis and a yield of 1.37%. Chubb’s dividend payout ratio is presently 15.27%.

Insiders Place Their Bets

In other news, insider John J. Lupica sold 34,464 shares of the firm’s stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $258.92, for a total value of $8,923,418.88. Following the completion of the sale, the insider now owns 130,937 shares in the company, valued at approximately $33,902,208.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, EVP Timothy Alan Boroughs sold 33,150 shares of Chubb stock in a transaction on Monday, February 26th. The stock was sold at an average price of $255.11, for a total transaction of $8,456,896.50. Following the completion of the sale, the executive vice president now directly owns 50,486 shares in the company, valued at $12,879,483.46. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider John J. Lupica sold 34,464 shares of the company’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 transaction, the insider now owns 130,937 shares in the company, valued at $33,902,208.04. The disclosure for this sale can be found here. Insiders sold 108,863 shares of company stock valued at $28,007,307 over the last three months. 0.86% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms have issued reports on CB. Evercore ISI upped their target price on shares of Chubb from $270.00 to $281.00 and gave the company an “outperform” rating in a research note on Thursday, April 11th. UBS Group boosted their price target on Chubb from $245.00 to $256.00 and gave the company a “neutral” rating in a research note on Monday, February 5th. Roth Mkm reiterated a “buy” rating and issued a $280.00 price objective on shares of Chubb in a research note on Wednesday, April 24th. StockNews.com cut shares of Chubb from a “buy” rating to a “hold” rating in a report on Wednesday, April 24th. Finally, TD Cowen initiated coverage on shares of Chubb in a research report on Wednesday, January 10th. They set a “market perform” rating and a $254.00 price objective for the company. Ten analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Chubb presently has a consensus rating of “Moderate Buy” and a consensus target price of $266.74.

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.