Anchor Capital Advisors LLC Has $21.03 Million Stock Position in Chubb Limited (NYSE:CB)

Anchor Capital Advisors LLC reduced its holdings in Chubb Limited (NYSE:CB - Free Report) by 5.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 93,065 shares of the financial services provider's stock after selling 5,396 shares during the quarter. Anchor Capital Advisors LLC's holdings in Chubb were worth $21,033,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. ZRC Wealth Management LLC acquired a new position in Chubb during the fourth quarter worth $29,000. Tennessee Valley Asset Management Partners acquired a new position in Chubb in the fourth quarter valued at $32,000. Naples Money Management LLC purchased a new stake in shares of Chubb in the fourth quarter worth about $34,000. Bell Investment Advisors Inc lifted its position in Chubb by 39.6% during the 3rd quarter. Bell Investment Advisors Inc now owns 208 shares of the financial services provider's stock worth $43,000 after acquiring an additional 59 shares in the last quarter. Finally, Addison Advisors LLC boosted its stake in shares of Chubb by 87.0% in the fourth quarter. Addison Advisors LLC now owns 215 shares of the financial services provider's stock valued at $49,000 after purchasing an additional 100 shares during the period. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Chubb Stock Performance

Shares of NYSE:CB traded up $3.77 during trading hours on Monday, hitting $249.22. The stock had a trading volume of 2,182,981 shares, compared to its average volume of 1,754,563. 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 stock's fifty day simple moving average is $252.29 and its 200 day simple moving average is $236.17. The firm has a market capitalization of $101.18 billion, a price-to-earnings ratio of 11.06, a PEG ratio of 1.16 and a beta of 0.62. 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 announced its earnings results on Tuesday, April 23rd. The financial services provider reported $5.41 earnings per share for the quarter, beating the consensus estimate of $5.29 by $0.12. The firm had revenue of $12.22 billion for the quarter, compared to the consensus estimate of $11.75 billion. Chubb had a return on equity of 16.29% and a net margin of 17.99%. The firm's revenue for the quarter was up 14.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.41 EPS. Sell-side analysts anticipate that Chubb Limited will post 21.17 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Friday, March 15th were paid a dividend of $0.86 per share. The ex-dividend date was Thursday, March 14th. This represents a $3.44 annualized dividend and a yield of 1.38%. Chubb's payout ratio is 15.27%.

Insider Buying and Selling

In related news, CAO Annmarie T. Hagan sold 7,180 shares of the firm's stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $245.04, for a total transaction of $1,759,387.20. Following the completion of the transaction, the chief accounting officer now owns 6,105 shares of the company's stock, valued at $1,495,969.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, EVP Timothy Alan Boroughs sold 33,150 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $255.11, for a total transaction of $8,456,896.50. Following the completion of the sale, the executive vice president now owns 50,486 shares in the company, valued at approximately $12,879,483.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Annmarie T. Hagan sold 7,180 shares of Chubb stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $245.04, for a total value of $1,759,387.20. Following the completion of the transaction, the chief accounting officer now owns 6,105 shares in the company, valued at $1,495,969.20. The disclosure for this sale can be found here. Insiders have sold a total of 116,043 shares of company stock valued at $29,766,694 over the last quarter. Corporate insiders own 0.86% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on CB shares. Raymond James upped their price objective on shares of Chubb from $270.00 to $285.00 and gave the company a "strong-buy" rating in a research report on Thursday, February 1st. BMO Capital Markets increased their price objective on shares of Chubb from $220.00 to $240.00 and gave the company a "market perform" rating in a research note on Monday, February 5th. Roth Mkm reissued a "buy" rating and issued a $280.00 target price on shares of Chubb in a research report on Wednesday, April 24th. Keefe, Bruyette & Woods boosted their price objective on Chubb from $275.00 to $297.00 and gave the company an "outperform" rating in a report on Wednesday, April 10th. Finally, Royal Bank of Canada reduced their target price on Chubb from $295.00 to $285.00 and set an "outperform" rating on the stock in a report on Thursday. Ten research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $266.89.

Chubb Company 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.