FSA Advisors Inc. Takes Position in Chubb Limited $CB

Key Points

• FSA Advisors Inc. purchased a new stake of 12,973 shares in Chubb (NYSE:CB) during Q4, valued at about $4.05 million, and institutional investors now own roughly 83.81% of the stock with large increases from holders like Berkshire Hathaway.
• Analysts' consensus rating is a Moderate Buy with a mean price target of $349.33; the coverage mix is 2 Strong Buy, 8 Buy, 11 Hold and 1 Sell.
• Chubb trades near $326.39 with a P/E of 11.52 and a market cap of $126.6 billion, a 52-week range of $264.10–$345.67, and an annualized dividend of $3.88 (yield ~1.2%).

FSA Advisors Inc. purchased a new stake in shares of Chubb Limited (NYSE:CB - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 12,973 shares of the financial services provider's stock, valued at approximately $4,049,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CB. Berkshire Hathaway Inc lifted its holdings in shares of Chubb by 15.9% during the third quarter. Berkshire Hathaway Inc now owns 31,332,895 shares of the financial services provider's stock valued at $8,843,710,000 after purchasing an additional 4,299,111 shares in the last quarter. AQR Capital Management LLC increased its position in Chubb by 75.1% during the third quarter. AQR Capital Management LLC now owns 2,798,546 shares of the financial services provider's stock valued at $785,468,000 after acquiring an additional 1,199,963 shares during the last quarter. Woodline Partners LP purchased a new stake in Chubb during the third quarter valued at $220,217,000. Amundi increased its position in Chubb by 55.4% during the third quarter. Amundi now owns 1,946,622 shares of the financial services provider's stock valued at $557,493,000 after acquiring an additional 693,740 shares during the last quarter. Finally, Bank of America Corp DE increased its position in Chubb by 11.6% during the second quarter. Bank of America Corp DE now owns 4,929,858 shares of the financial services provider's stock valued at $1,428,278,000 after acquiring an additional 513,852 shares during the last quarter. 83.81% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently commented on the company. UBS Group reiterated a "neutral" rating and set a $340.00 price objective on shares of Chubb in a research report on Monday, February 9th. Barclays upped their price objective on Chubb from $374.00 to $375.00 and gave the company an "equal weight" rating in a research report on Wednesday, April 22nd. BMO Capital Markets upped their price objective on Chubb from $326.00 to $339.00 and gave the company a "market perform" rating in a research report on Friday, April 24th. Mizuho reduced their price objective on Chubb from $336.00 to $335.00 and set a "neutral" rating for the company in a research report on Tuesday, April 14th. Finally, Wells Fargo & Company upped their price objective on Chubb from $321.00 to $333.00 and gave the company an "equal weight" rating in a research report on Thursday, April 23rd. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $349.33.

Chubb Stock Performance

Shares of CB opened at $326.39 on Monday. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.20. The business has a 50-day simple moving average of $329.03 and a two-hundred day simple moving average of $311.34. The stock has a market cap of $126.59 billion, a price-to-earnings ratio of 11.52, a PEG ratio of 1.67 and a beta of 0.43. Chubb Limited has a 52 week low of $264.10 and a 52 week high of $345.67.

Chubb (NYSE:CB - Get Free Report) last issued its quarterly earnings results on Tuesday, March 31st. The financial services provider reported $6.82 EPS for the quarter. The business had revenue of $14.93 billion during the quarter. Chubb had a return on equity of 14.30% and a net margin of 18.58%. On average, analysts expect that Chubb Limited will post 26.74 EPS for the current year.

Chubb Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, April 6th. Shareholders of record on Friday, March 13th were given a $0.97 dividend. The ex-dividend date was Friday, March 13th. This represents a $3.88 dividend on an annualized basis and a yield of 1.2%. Chubb's dividend payout ratio is presently 13.70%.

Insiders Place Their Bets

In other Chubb news, EVP Timothy Alan Boroughs sold 27,817 shares of the company's stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $331.98, for a total value of $9,234,687.66. Following the completion of the sale, the executive vice president owned 11,810 shares in the company, valued at $3,920,683.80. This represents a 70.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Evan G. Greenberg sold 15,060 shares of the company's stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $331.47, for a total value of $4,991,938.20. Following the completion of the sale, the chief executive officer owned 511,576 shares of the company's stock, valued at approximately $169,572,096.72. The trade was a 2.86% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 44,877 shares of company stock worth $14,885,226 over the last quarter. 0.37% of the stock is currently owned by corporate insiders.

About Chubb

Chubb is a global property and casualty insurance company that underwrites a broad range of commercial and personal insurance products and related services. Its offerings include commercial property and casualty coverage, specialty liability, professional and management liability, cyber and technology insurance, marine and energy, surety, accident and health solutions, and high-net-worth personal lines such as homeowners, auto and valuables protection. Chubb serves businesses, individuals and institutions with tailored underwriting and risk-transfer solutions across multiple industry sectors.

In addition to core underwriting, Chubb provides risk engineering, loss control, claims management and risk consulting services intended to reduce loss severity and help clients manage exposures.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.