Stonebrook Private Inc. Takes Position in Chubb Limited (NYSE:CB)

Stonebrook Private Inc. acquired a new stake in Chubb Limited (NYSE:CB - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 13,079 shares of the financial services provider's stock, valued at approximately $2,956,000. Chubb accounts for 1.0% of Stonebrook Private Inc.'s holdings, making the stock its 29th biggest holding.

Several other large investors have also recently added to or reduced their stakes in CB. Americana Partners LLC bought a new stake in shares of Chubb during the 3rd quarter worth $292,000. Lazard Asset Management LLC boosted its holdings in Chubb by 978.1% in the 3rd quarter. Lazard Asset Management LLC now owns 546,556 shares of the financial services provider's stock valued at $113,781,000 after purchasing an additional 495,860 shares during the period. Alphinity Investment Management Pty Ltd boosted its holdings in Chubb by 155.8% in the 4th quarter. Alphinity Investment Management Pty Ltd now owns 532,015 shares of the financial services provider's stock valued at $120,235,000 after purchasing an additional 324,019 shares during the period. Graypoint LLC boosted its holdings in Chubb by 1,275.7% in the 4th quarter. Graypoint LLC now owns 31,599 shares of the financial services provider's stock valued at $7,141,000 after purchasing an additional 29,302 shares during the period. Finally, BKM Wealth Management LLC acquired a new position in shares of Chubb in the 4th quarter valued at $1,403,000. Institutional investors and hedge funds own 83.81% of the company's stock.

Wall Street Analyst Weigh In

CB has been the subject of a number of recent research reports. Royal Bank of Canada dropped their price objective on shares of Chubb from $295.00 to $285.00 and set an "outperform" rating for the company in a research note on Thursday. Evercore ISI increased their price objective on shares of Chubb from $270.00 to $281.00 and gave the company an "outperform" rating in a research note on Thursday, April 11th. TD Cowen initiated coverage on shares of Chubb in a research note on Wednesday, January 10th. They issued a "market perform" rating and a $254.00 price objective for the company. Morgan Stanley increased their price objective on shares of Chubb from $258.00 to $260.00 and gave the company an "equal weight" rating in a research note on Monday, April 15th. Finally, BMO Capital Markets increased their price objective on shares of Chubb from $220.00 to $240.00 and gave the stock a "market perform" rating in a report on Monday, February 5th. Ten analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $266.89.

Insider Buying and Selling

In related news, CAO Annmarie T. Hagan sold 7,180 shares of the business's stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $245.04, for a total transaction of $1,759,387.20. Following the transaction, the chief accounting officer now directly owns 6,105 shares in the company, valued at $1,495,969.20. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, CAO Annmarie T. Hagan sold 7,180 shares of the business's stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $245.04, for a total transaction of $1,759,387.20. Following the transaction, the chief accounting officer now directly owns 6,105 shares in the company, valued at $1,495,969.20. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider John J. Lupica sold 34,464 shares of Chubb stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $258.92, for a total transaction of $8,923,418.88. Following the transaction, the insider now directly owns 130,937 shares of the company's stock, valued at $33,902,208.04. The disclosure for this sale can be found here. Over the last three months, insiders have sold 116,043 shares of company stock worth $29,766,694. Insiders own 0.86% of the company's stock.

Chubb Stock Down 0.2 %

CB stock traded down $0.51 during mid-day trading on Friday, hitting $245.45. 1,565,900 shares of the company were exchanged, compared to its average volume of 1,523,435. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.29 and a current ratio of 0.35. The firm has a market cap of $99.65 billion, a P/E ratio of 10.89, a P/E/G ratio of 1.16 and a beta of 0.62. The firm's 50 day simple moving average is $252.33 and its 200 day simple moving average is $235.88. Chubb Limited has a 1-year low of $183.71 and a 1-year high of $260.58.

Chubb (NYSE:CB - Get Free Report) last posted its quarterly earnings data on Tuesday, April 23rd. The financial services provider reported $5.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.29 by $0.12. Chubb had a net margin of 17.99% and a return on equity of 16.29%. The company had revenue of $12.22 billion for the quarter, compared to the consensus estimate of $11.75 billion. During the same period last year, the company earned $4.41 earnings per share. The firm's revenue was up 14.1% compared to the same quarter last year. On average, sell-side analysts predict that Chubb Limited will post 21.17 EPS for the current fiscal year.

Chubb Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Friday, March 15th were issued a dividend of $0.86 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $3.44 dividend on an annualized basis and a yield of 1.40%. Chubb's payout ratio is 15.27%.

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.