Empire Financial Management Company LLC Raises Position in Chubb Limited (NYSE:CB)

Empire Financial Management Company LLC raised its holdings in Chubb Limited (NYSE:CB - Free Report) by 238.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,243 shares of the financial services provider's stock after purchasing an additional 6,508 shares during the period. Empire Financial Management Company LLC's holdings in Chubb were worth $2,554,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the business. Demars Financial Group LLC increased its stake in Chubb by 26,761.4% in the fourth quarter. Demars Financial Group LLC now owns 5,360,455 shares of the financial services provider's stock valued at $1,481,094,000 after acquiring an additional 5,340,499 shares during the last quarter. Norges Bank bought a new stake in Chubb during the 4th quarter worth $1,169,720,000. Raymond James Financial Inc. bought a new position in Chubb in the 4th quarter valued at approximately $1,158,897,000. GQG Partners LLC increased its holdings in Chubb by 36.3% in the fourth quarter. GQG Partners LLC now owns 4,429,720 shares of the financial services provider's stock valued at $1,223,932,000 after purchasing an additional 1,178,628 shares during the period. Finally, Beutel Goodman & Co Ltd. lifted its stake in shares of Chubb by 1,007,698.0% in the fourth quarter. Beutel Goodman & Co Ltd. now owns 1,007,798 shares of the financial services provider's stock worth $278,454,000 after acquiring an additional 1,007,698 shares during the period. 83.81% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently issued reports on CB shares. UBS Group boosted their price objective on Chubb from $303.00 to $304.00 and gave the company a "neutral" rating in a research note on Monday. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $320.00 price target on shares of Chubb in a research report on Thursday, January 30th. Hsbc Global Res upgraded shares of Chubb from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 5th. Wells Fargo & Company increased their price target on Chubb from $268.00 to $278.00 and gave the company an "equal weight" rating in a research report on Thursday, April 24th. Finally, JMP Securities restated a "market outperform" rating and set a $325.00 price target on shares of Chubb in a research note on Wednesday, January 29th. Two analysts have rated the stock with a sell rating, five have given a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $307.86.

Chubb Trading Up 0.9 %

Shares of CB stock traded up $2.46 during trading hours on Tuesday, reaching $284.64. The company's stock had a trading volume of 535,598 shares, compared to its average volume of 1,839,229. 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 has a market capitalization of $114.05 billion, a P/E ratio of 12.53, a P/E/G ratio of 3.36 and a beta of 0.47. The firm's fifty day simple moving average is $286.71 and its 200 day simple moving average is $281.06. Chubb Limited has a one year low of $244.84 and a one year 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 business had revenue of $12.65 billion for the quarter, compared to the consensus estimate of $11.22 billion. Equities research analysts expect that Chubb Limited will post 21.52 EPS for the current year.

Chubb Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Friday, March 14th were given a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 1.28%. The ex-dividend date of this dividend was Friday, March 14th. Chubb's dividend payout ratio is currently 17.52%.

Insider Activity

In other Chubb news, EVP Joseph F. Wayland sold 12,231 shares of the company's stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $294.82, for a total transaction of $3,605,943.42. Following the transaction, the executive vice president now owns 78,422 shares in the company, valued at approximately $23,120,374.04. This represents a 13.49 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 transaction, the executive vice president now directly owns 29,194 shares of the company's stock, valued at $8,644,927.28. The trade was a 33.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 63,470 shares of company stock worth $18,562,730 in the last quarter. 0.86% of the stock is owned by company insiders.

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.