Eagle Global Advisors LLC Acquires Shares of 6,000 Chubb Limited (NYSE:CB)

Eagle Global Advisors LLC acquired a new position in Chubb Limited (NYSE:CB - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 6,000 shares of the financial services provider's stock, valued at approximately $1,658,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Sierra Ocean LLC purchased a new stake in shares of Chubb in the fourth quarter worth $29,000. Crowley Wealth Management Inc. bought a new stake in Chubb during the fourth quarter valued at about $29,000. Strategic Financial Concepts LLC purchased a new position in shares of Chubb in the fourth quarter valued at about $30,000. Kayne Anderson Rudnick Investment Management LLC boosted its stake in shares of Chubb by 254.3% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 124 shares of the financial services provider's stock worth $34,000 after acquiring an additional 89 shares during the period. Finally, Human Investing LLC purchased a new stake in shares of Chubb during the fourth quarter worth about $36,000. Hedge funds and other institutional investors own 83.81% of the company's stock.

Insider Buying and Selling at Chubb

In related news, EVP Timothy Alan Boroughs sold 14,748 shares of the business's stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $296.12, for a total transaction of $4,367,177.76. Following the completion of the transaction, the executive vice president now owns 29,194 shares in the company, valued at $8,644,927.28. The trade was a 33.56 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Joseph F. Wayland sold 10,000 shares of the firm's stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $286.96, for a total transaction of $2,869,600.00. Following the completion of the sale, the executive vice president now owns 77,703 shares of the company's stock, valued at approximately $22,297,652.88. This trade represents a 11.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 63,470 shares of company stock worth $18,562,730 over the last quarter. Insiders own 0.86% of the company's stock.

Chubb Stock Up 0.3 %

NYSE CB traded up $0.95 during trading on Friday, reaching $289.92. 834,064 shares of the company's stock traded hands, compared to its average volume of 1,630,692. Chubb Limited has a 12-month low of $251.42 and a 12-month high of $306.91. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.25 and a quick ratio of 0.28. The firm has a market cap of $116.18 billion, a price-to-earnings ratio of 12.76, a price-to-earnings-growth ratio of 3.36 and a beta of 0.57. The company's 50 day simple moving average is $288.46 and its two-hundred day simple moving average is $280.77.

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 company had revenue of $12.65 billion during the quarter, compared to the consensus estimate of $11.22 billion. Chubb had a net margin of 16.63% and a return on equity of 13.75%. As a group, sell-side analysts forecast that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on CB shares. Keefe, Bruyette & Woods cut their target price on shares of Chubb from $316.00 to $314.00 and set an "outperform" rating for the company in a research note on Thursday, April 24th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $320.00 price objective on shares of Chubb in a research note on Thursday, January 30th. Raymond James reiterated a "strong-buy" rating on shares of Chubb in a research report on Thursday, April 24th. JMP Securities reiterated a "market outperform" rating and issued a $325.00 price target on shares of Chubb in a research report on Wednesday, January 29th. Finally, UBS Group upped their price objective on Chubb from $303.00 to $304.00 and gave the company a "neutral" rating in a research report on Monday, April 28th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Chubb has a consensus rating of "Moderate Buy" and a consensus target price 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.