AdvisorShares Investments LLC Acquires New Position in Chubb Limited (NYSE:CB)

AdvisorShares Investments LLC acquired a new stake in Chubb Limited (NYSE:CB - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 1,650 shares of the financial services provider's stock, valued at approximately $456,000.

A number of other institutional investors have also modified their holdings of the company. Sierra Ocean LLC purchased a new stake in shares of Chubb during the 4th quarter valued at about $29,000. Crowley Wealth Management Inc. purchased a new stake in shares of Chubb during the fourth quarter valued at approximately $29,000. Strategic Financial Concepts LLC purchased a new stake in shares of Chubb during the fourth quarter valued at approximately $30,000. Kayne Anderson Rudnick Investment Management LLC lifted its position in shares of Chubb by 254.3% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 124 shares of the financial services provider's stock worth $34,000 after purchasing an additional 89 shares in the last quarter. Finally, Human Investing LLC purchased a new position in shares of Chubb in the fourth quarter valued at $36,000. Hedge funds and other institutional investors own 83.81% of the company's stock.

Analysts Set New Price Targets

Several research firms recently issued reports on CB. Keefe, Bruyette & Woods dropped their price target on shares of Chubb from $316.00 to $314.00 and set an "outperform" rating on the stock in a research note on Thursday, April 24th. HSBC upgraded Chubb from a "hold" rating to a "buy" rating and set a $323.00 price target on the stock in a research note on Wednesday, March 5th. Raymond James restated a "strong-buy" rating on shares of Chubb in a research note on Thursday, April 24th. Jefferies Financial Group upped their target price on Chubb from $307.00 to $308.00 and gave the company a "hold" rating in a research report on Friday, April 11th. Finally, Barclays decreased their price target on shares of Chubb from $324.00 to $321.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, eight have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $307.86.

Insider Buying and Selling

In related news, EVP Joseph F. Wayland sold 12,231 shares of the stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $294.82, for a total value of $3,605,943.42. Following the completion of the transaction, the executive vice president now owns 78,422 shares in the company, valued at $23,120,374.04. This trade represents a 13.49 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Timothy Alan Boroughs sold 14,748 shares of the business's stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $296.12, for a total value of $4,367,177.76. Following the sale, the executive vice president now owns 29,194 shares in the company, valued at approximately $8,644,927.28. The trade was a 33.56 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 63,470 shares of company stock worth $18,562,730 in the last ninety days. 0.77% of the stock is currently owned by corporate insiders.

Chubb Stock Performance

NYSE CB traded up $4.00 during trading hours on Friday, reaching $287.29. The company's stock had a trading volume of 1,522,613 shares, compared to its average volume of 1,629,053. The stock has a market cap of $115.12 billion, a PE ratio of 12.64, a PEG ratio of 3.36 and a beta of 0.57. The business has a 50-day simple moving average of $287.82 and a 200 day simple moving average of $281.08. Chubb Limited has a 52 week low of $244.84 and a 52 week high of $306.91. The company has a current ratio of 0.25, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21.

Chubb (NYSE:CB - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $3.68 EPS for the quarter, topping analysts' consensus estimates of $3.28 by $0.40. The firm had revenue of $12.65 billion during the quarter, compared to the consensus estimate of $11.22 billion. Chubb had a return on equity of 13.75% and a net margin of 16.63%. Equities research analysts predict that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Friday, March 14th were issued a $0.91 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $3.64 annualized dividend and a dividend yield of 1.27%. Chubb's dividend payout ratio (DPR) is 17.52%.

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.