Stanley Laman Group Ltd. Makes New Investment in Chubb Limited $CB

Key Points

• Stanley Laman Group Ltd. opened a new position in Chubb (NYSE:CB), acquiring 3,187 shares worth approximately $995,000 in the fourth quarter per its 13F filing.
• Analysts have recently lifted several price targets, but the consensus rating remains Hold with an average target price of $345.33.
• Company insiders have been net sellers recently: EVP Timothy Boroughs sold 27,817 shares for about $9.23 million, and insiders disposed of 44,877 shares (~$14.9 million) over the last 90 days, leaving insiders with 0.77% ownership.

Stanley Laman Group Ltd. acquired a new position in shares of Chubb Limited (NYSE:CB - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 3,187 shares of the financial services provider's stock, valued at approximately $995,000.

Several other institutional investors have also modified their holdings of the business. Harbor Capital Advisors Inc. lifted its stake in shares of Chubb by 93.6% in the third quarter. Harbor Capital Advisors Inc. now owns 91 shares of the financial services provider's stock worth $26,000 after acquiring an additional 44 shares in the last quarter. Cedar Mountain Advisors LLC lifted its stake in shares of Chubb by 155.6% in the third quarter. Cedar Mountain Advisors LLC now owns 92 shares of the financial services provider's stock worth $26,000 after acquiring an additional 56 shares in the last quarter. KERR FINANCIAL PLANNING Corp acquired a new position in shares of Chubb in the third quarter worth about $31,000. Cornerstone Planning Group LLC lifted its stake in shares of Chubb by 81.5% in the third quarter. Cornerstone Planning Group LLC now owns 118 shares of the financial services provider's stock worth $33,000 after acquiring an additional 53 shares in the last quarter. Finally, Heartwood Wealth Advisors LLC acquired a new position in shares of Chubb in the third quarter worth about $34,000. Institutional investors and hedge funds own 83.81% of the company's stock.

Analysts Set New Price Targets

CB has been the topic of several recent analyst reports. Wolfe Research boosted their price target on Chubb from $372.00 to $373.00 and gave the stock an "outperform" rating in a research note on Monday, April 6th. Cantor Fitzgerald boosted their price target on Chubb from $300.00 to $309.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 14th. Evercore boosted their price target on Chubb from $346.00 to $347.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 4th. Deutsche Bank Aktiengesellschaft boosted their price target on Chubb from $304.00 to $330.00 and gave the stock a "hold" rating in a research note on Monday, March 23rd. Finally, Jefferies Financial Group boosted their price target on Chubb from $333.00 to $356.00 and gave the stock a "hold" rating in a research note on Tuesday, April 7th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $345.33.

Insider Activity

In other news, EVP Timothy Alan Boroughs sold 27,817 shares of the company's stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $331.98, for a total transaction of $9,234,687.66. Following the completion of the transaction, the executive vice president directly owned 11,810 shares of the company's stock, valued at approximately $3,920,683.80. This represents a 70.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Olivier Steimer sold 2,000 shares of the company's stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of $329.30, for a total value of $658,600.00. Following the transaction, the director directly owned 25,468 shares of the company's stock, valued at $8,386,612.40. This trade represents a 7.28% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 44,877 shares of company stock valued at $14,885,226. 0.77% of the stock is currently owned by insiders.

Chubb Trading Up 0.5%

Shares of NYSE CB opened at $329.68 on Tuesday. The stock's 50 day moving average price is $328.92 and its two-hundred day moving average price is $307.27. Chubb Limited has a 52-week low of $264.10 and a 52-week high of $345.67. The stock has a market capitalization of $128.65 billion, a P/E ratio of 12.81, a PEG ratio of 1.74 and a beta of 0.49. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.20.

Chubb (NYSE:CB - Get Free Report) last announced its quarterly earnings data on Tuesday, February 3rd. The financial services provider reported $7.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.33 by $1.19. Chubb had a return on equity of 13.15% and a net margin of 17.36%.The firm had revenue of $2.08 billion for the quarter, compared to analysts' expectations of $11.11 billion. During the same quarter in the prior year, the firm posted $6.02 earnings per share. Chubb's revenue for the quarter was up 8.9% compared to the same quarter last year. On average, analysts anticipate that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 6th. Stockholders of record on Friday, March 13th were issued a dividend of $0.97 per share. The ex-dividend date of this dividend was Friday, March 13th. This represents a $3.88 annualized dividend and a dividend yield of 1.2%. Chubb's dividend payout ratio is 15.08%.

Chubb Profile

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.

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