Aquatic Capital Management LLC Makes New $456,000 Investment in Chubb Limited (NYSE:CB)

Aquatic Capital Management LLC purchased a new position in shares of Chubb Limited (NYSE:CB - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,652 shares of the financial services provider's stock, valued at approximately $456,000.

Several other institutional investors have also bought and sold shares of CB. Sierra Ocean LLC bought a new stake in shares of Chubb during the 4th quarter worth $29,000. Crowley Wealth Management Inc. bought a new stake in Chubb in the 4th quarter valued at about $29,000. Strategic Financial Concepts LLC purchased a new stake in Chubb during the fourth quarter valued at about $30,000. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in 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 valued at $34,000 after purchasing an additional 89 shares during the last quarter. Finally, Human Investing LLC bought a new position in Chubb during the fourth quarter worth about $36,000. Institutional investors own 83.81% of the company's stock.

Insiders Place Their Bets

In related news, EVP Joseph F. Wayland sold 12,231 shares of the firm's stock in a transaction on Thursday, March 20th. The shares were 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 directly owns 78,422 shares of the company's stock, valued at approximately $23,120,374.04. This trade represents a 13.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO George F. Ohsiek sold 763 shares of Chubb stock in a transaction on Friday, March 14th. The stock was sold at an average price of $290.41, for a total transaction of $221,582.83. Following the completion of the transaction, the chief accounting officer now directly owns 20,044 shares of the company's stock, valued at $5,820,978.04. The trade was a 3.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 63,470 shares of company stock worth $18,562,730 in the last three months. 0.86% of the stock is owned by company insiders.

Chubb Stock Performance

CB stock traded up $0.77 during trading on Wednesday, reaching $289.77. The stock had a trading volume of 610,554 shares, compared to its average volume of 1,624,664. The firm has a market cap of $116.12 billion, a PE ratio of 12.75, a PEG ratio of 3.36 and a beta of 0.57. The company has a current ratio of 0.25, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. The stock's 50 day moving average is $288.25 and its two-hundred day moving average is $280.81. Chubb Limited has a 52 week low of $250.90 and a 52 week high of $306.91.

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

Chubb Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Friday, March 14th were issued a $0.91 dividend. The ex-dividend date was Friday, March 14th. This represents a $3.64 dividend on an annualized basis and a yield of 1.26%. Chubb's dividend payout ratio is presently 17.52%.

Analyst Ratings Changes

A number of brokerages recently commented on CB. Wells Fargo & Company upped their price target on shares of Chubb from $268.00 to $278.00 and gave the company an "equal weight" rating in a research note on Thursday, April 24th. Jefferies Financial Group increased their target price on Chubb from $307.00 to $308.00 and gave the stock a "hold" rating in a research report on Friday, April 11th. HSBC upgraded Chubb from a "hold" rating to a "buy" rating and set a $323.00 price target for the company in a research report on Wednesday, March 5th. Royal Bank of Canada reissued an "outperform" rating and set a $320.00 price objective on shares of Chubb in a report on Thursday, January 30th. Finally, Barclays cut their target price on Chubb from $324.00 to $321.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $307.86.

Chubb Company 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.