MJP Associates Inc. ADV Acquires New Holdings in Chubb Limited (NYSE:CB)

MJP Associates Inc. ADV purchased a new position in shares of Chubb Limited (NYSE:CB - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 1,750 shares of the financial services provider's stock, valued at approximately $484,000.

Other large investors have also recently bought and sold shares of the company. Barclays PLC boosted its holdings in shares of Chubb by 28.1% in the 3rd quarter. Barclays PLC now owns 1,772,688 shares of the financial services provider's stock valued at $511,226,000 after buying an additional 388,746 shares during the last quarter. Czech National Bank raised its stake in Chubb by 6.2% in the 4th quarter. Czech National Bank now owns 81,282 shares of the financial services provider's stock valued at $22,458,000 after acquiring an additional 4,757 shares during the period. Aprio Wealth Management LLC lifted its holdings in Chubb by 8.7% during the 4th quarter. Aprio Wealth Management LLC now owns 866 shares of the financial services provider's stock valued at $239,000 after purchasing an additional 69 shares during the last quarter. Crescent Sterling Ltd. lifted its holdings in Chubb by 16.3% during the 4th quarter. Crescent Sterling Ltd. now owns 998 shares of the financial services provider's stock valued at $276,000 after purchasing an additional 140 shares during the last quarter. Finally, Brookstone Capital Management increased its position in Chubb by 7.2% during the 4th quarter. Brookstone Capital Management now owns 1,352 shares of the financial services provider's stock worth $373,000 after buying an additional 91 shares during the period. Institutional investors and hedge funds own 83.81% of the company's stock.

Chubb Price Performance

Shares of NYSE CB opened at $289.92 on Monday. The stock has a market cap of $116.18 billion, a PE ratio of 12.76, a price-to-earnings-growth ratio of 3.36 and a beta of 0.57. Chubb Limited has a fifty-two week low of $251.42 and a fifty-two week high of $306.91. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.25. The stock has a fifty day moving average of $288.46 and a 200-day moving average of $280.58.

Chubb (NYSE:CB - Get Free Report) last posted 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. Chubb had a return on equity of 13.75% and a net margin of 16.63%. The business had revenue of $12.65 billion during the quarter, compared to analysts' expectations of $11.22 billion. Equities research analysts anticipate that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Friday, March 14th were paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date of this dividend was Friday, March 14th. Chubb's dividend payout ratio (DPR) is presently 17.52%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on CB. Wells Fargo & Company lifted their target price on Chubb from $268.00 to $278.00 and gave the stock an "equal weight" rating in a report on Thursday, April 24th. Keefe, Bruyette & Woods reduced their price target on Chubb from $316.00 to $314.00 and set an "outperform" rating on the stock in a report on Thursday, April 24th. Jefferies Financial Group upped their target price on Chubb from $307.00 to $308.00 and gave the company a "hold" rating in a report on Friday, April 11th. Raymond James reissued a "strong-buy" rating on shares of Chubb in a research note on Thursday, April 24th. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a $320.00 price target on shares of Chubb in a research note on Thursday, January 30th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $307.86.

Insider Activity

In other Chubb news, EVP Joseph F. Wayland sold 12,231 shares of the company's stock in a transaction that occurred on Thursday, March 20th. The stock was 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 the SEC website. Also, CEO Evan G. Greenberg sold 25,728 shares of the company's stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $291.45, for a total value of $7,498,425.60. Following the transaction, the chief executive officer now owns 584,395 shares in the company, valued at $170,321,922.75. This trade represents a 4.22% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 63,470 shares of company stock valued at $18,562,730. Insiders own 0.77% of the company's stock.

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.

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