Castlekeep Investment Advisors LLC Acquires Shares of 4,414 Chubb Limited (NYSE:CB)

Castlekeep Investment Advisors LLC bought a new stake in Chubb Limited (NYSE:CB - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 4,414 shares of the financial services provider's stock, valued at approximately $1,220,000.

Several other hedge funds have also bought and sold shares of CB. Sierra Ocean LLC acquired a new stake in shares of Chubb in the fourth quarter valued at approximately $29,000. Crowley Wealth Management Inc. acquired a new position in shares of Chubb in the fourth quarter valued at $29,000. Kayne Anderson Rudnick Investment Management LLC raised its position 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 valued at $34,000 after purchasing an additional 89 shares during the period. Human Investing LLC bought a new position in shares of Chubb in the fourth quarter valued at about $36,000. Finally, Mainstream Capital Management LLC bought a new stake in shares of Chubb during the 4th quarter worth about $37,000. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Chubb

In related news, EVP Joseph F. Wayland sold 10,000 shares of the company's stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $286.96, for a total transaction of $2,869,600.00. Following the sale, the executive vice president now owns 77,703 shares in the company, valued at $22,297,652.88. This represents a 11.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Evan G. Greenberg sold 25,728 shares of the business's stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $291.45, for a total value of $7,498,425.60. Following the completion of the transaction, the chief executive officer now directly owns 584,395 shares in the company, valued at approximately $170,321,922.75. This trade represents a 4.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 148,553 shares of company stock worth $43,257,220. 0.86% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

CB has been the subject of a number of research analyst reports. Morgan Stanley boosted their price objective on Chubb from $280.00 to $300.00 and gave the stock an "equal weight" rating in a report on Monday, May 19th. Hsbc Global Res upgraded Chubb from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 5th. Deutsche Bank Aktiengesellschaft lowered Chubb from a "buy" rating to a "hold" rating and set a $303.00 price objective on the stock. in a report on Tuesday, May 20th. Barclays dropped their target price on Chubb from $324.00 to $321.00 and set an "overweight" rating for the company in a report on Friday, April 11th. Finally, Keefe, Bruyette & Woods decreased 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. Two analysts have rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $307.53.

Chubb Price Performance

Shares of CB traded up $3.61 during midday trading on Tuesday, hitting $289.71. The company's stock had a trading volume of 1,661,081 shares, compared to its average volume of 1,610,854. The company has a quick ratio of 0.28, a current ratio of 0.25 and a debt-to-equity ratio of 0.21. Chubb Limited has a one year low of $251.42 and a one year high of $306.91. The stock has a market capitalization of $116.09 billion, a price-to-earnings ratio of 12.75, a price-to-earnings-growth ratio of 3.36 and a beta of 0.57. The company's fifty day simple moving average is $288.01 and its two-hundred day simple moving average is $281.12.

Chubb (NYSE:CB - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The financial services provider reported $3.68 EPS for the quarter, topping the consensus estimate 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%. As a group, equities analysts expect that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb announced that its board has authorized a stock repurchase plan on Thursday, May 15th that authorizes the company to repurchase $5.00 billion in shares. This repurchase authorization authorizes the financial services provider to purchase up to 4.3% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's management believes its stock is undervalued.

Chubb Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Friday, June 13th will be issued a dividend of $0.97 per share. This is a boost from Chubb's previous quarterly dividend of $0.91. This represents a $3.88 annualized dividend and a dividend yield of 1.34%. The ex-dividend date is Friday, June 13th. Chubb's payout ratio is 18.67%.

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.