MML Investors Services LLC Boosts Stock Position in Chubb Limited (NYSE:CB)

MML Investors Services LLC raised its stake in Chubb Limited (NYSE:CB - Free Report) by 6.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 50,971 shares of the financial services provider's stock after purchasing an additional 3,255 shares during the period. MML Investors Services LLC's holdings in Chubb were worth $14,083,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in CB. Sierra Ocean LLC bought a new position in shares of Chubb during the 4th quarter worth approximately $29,000. Crowley Wealth Management Inc. acquired a new position in shares of Chubb during the fourth quarter worth $29,000. Strategic Financial Concepts LLC purchased a new stake in shares of Chubb during the 4th quarter valued at $30,000. Human Investing LLC acquired a new stake in shares of Chubb in the 4th quarter worth $36,000. Finally, Mainstream Capital Management LLC purchased a new position in Chubb during the 4th quarter worth $37,000. 83.81% of the stock is currently owned by institutional investors.

Chubb Price Performance

Shares of NYSE:CB traded up $2.52 during trading on Monday, reaching $281.63. 348,008 shares of the company's stock traded hands, compared to its average volume of 1,839,691. 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 fifty-two week low of $244.84 and a fifty-two week high of $306.91. The company has a 50-day simple moving average of $286.39 and a 200-day simple moving average of $281.09. The firm has a market cap of $112.84 billion, a PE ratio of 12.40, a P/E/G ratio of 3.36 and a beta of 0.47.

Chubb (NYSE:CB - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $3.68 EPS for the quarter, beating the consensus estimate of $3.28 by $0.40. The company had revenue of $12.65 billion for the quarter, compared to analyst estimates of $11.22 billion. Chubb had a return on equity of 13.75% and a net margin of 16.63%. As a group, analysts predict that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Friday, March 14th were given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date was Friday, March 14th. Chubb's dividend payout ratio is presently 17.52%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on CB. Barclays decreased their price target on Chubb from $324.00 to $321.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. Wells Fargo & Company lifted their target price on shares of Chubb from $268.00 to $278.00 and gave the stock an "equal weight" rating in a research note on Thursday. JPMorgan Chase & Co. upped their price target on shares of Chubb from $300.00 to $307.00 and gave the company a "neutral" rating in a research note on Tuesday, April 8th. Raymond James reiterated a "strong-buy" rating on shares of Chubb in a research note on Thursday. Finally, JMP Securities reissued a "market outperform" rating and issued a $325.00 target price on shares of Chubb in a research report on Wednesday, January 29th. Two research analysts have rated the stock with a sell rating, five have issued 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 stock currently has a consensus rating of "Moderate Buy" and an average target price of $307.79.

Insiders Place Their Bets

In other news, EVP Joseph F. Wayland sold 10,000 shares of the firm's stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $286.96, for a total value of $2,869,600.00. Following the transaction, the executive vice president now owns 77,703 shares in the company, valued at $22,297,652.88. This trade represents a 11.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Timothy Alan Boroughs sold 14,748 shares of Chubb stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $296.12, for a total value of $4,367,177.76. Following the completion of the sale, the executive vice president now directly owns 29,194 shares in the company, valued at $8,644,927.28. This represents a 33.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 63,470 shares of company stock worth $18,562,730. Company insiders own 0.86% of the company's stock.

Chubb Profile

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.