Planned Solutions Inc. Takes Position in Chubb Limited (NYSE:CB)

Planned Solutions Inc. purchased a new stake in shares of Chubb Limited (NYSE:CB) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 623 shares of the financial services provider’s stock, valued at approximately $141,000.

Several other institutional investors have also recently made changes to their positions in the company. State Street Corp raised its position in shares of Chubb by 1.0% during the 2nd quarter. State Street Corp now owns 18,670,426 shares of the financial services provider’s stock valued at $3,610,928,000 after buying an additional 181,441 shares during the period. Wellington Management Group LLP raised its position in Chubb by 0.8% in the third quarter. Wellington Management Group LLP now owns 18,522,413 shares of the financial services provider’s stock valued at $3,855,996,000 after purchasing an additional 138,142 shares during the period. Deutsche Bank AG raised its position in Chubb by 426.8% in the third quarter. Deutsche Bank AG now owns 16,119,520 shares of the financial services provider’s stock valued at $3,355,762,000 after purchasing an additional 13,059,385 shares during the period. Moneta Group Investment Advisors LLC raised its position in Chubb by 102,751.3% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 8,289,814 shares of the financial services provider’s stock valued at $1,828,733,000 after purchasing an additional 8,281,754 shares during the period. Finally, Geode Capital Management LLC raised its position in Chubb by 0.8% in the first quarter. Geode Capital Management LLC now owns 7,833,334 shares of the financial services provider’s stock valued at $1,517,747,000 after purchasing an additional 60,630 shares during the period. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Insider Transactions at Chubb

In related news, CAO Annmarie T. Hagan sold 7,180 shares of the stock in a transaction dated 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 completion of the transaction, the chief accounting officer now directly owns 6,105 shares of the company’s stock, valued at $1,495,969.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CAO Annmarie T. Hagan sold 7,180 shares of the stock in a transaction dated 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 completion of the transaction, the chief accounting officer now directly owns 6,105 shares of the company’s stock, valued at $1,495,969.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Timothy Alan Boroughs sold 14,303 shares of the stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $258.78, for a total transaction of $3,701,330.34. Following the transaction, the executive vice president now directly owns 35,662 shares of the company’s stock, valued at $9,228,612.36. The disclosure for this sale can be found here. Over the last quarter, insiders sold 116,043 shares of company stock worth $29,766,694. Company insiders own 0.37% of the company’s stock.

Chubb Stock Performance

NYSE CB traded up $1.26 during trading hours on Wednesday, hitting $257.34. The company had a trading volume of 285,719 shares, compared to its average volume of 1,775,220. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.29 and a current ratio of 0.29. Chubb Limited has a 1-year low of $183.71 and a 1-year high of $260.58. The company has a market cap of $104.42 billion, a PE ratio of 11.74, a price-to-earnings-growth ratio of 1.21 and a beta of 0.62. The business has a 50 day moving average of $248.70 and a 200-day moving average of $229.09.

Chubb (NYSE:CB) last announced its earnings results on Tuesday, January 30th. The financial services provider reported $8.30 earnings per share for the quarter, topping the consensus estimate of $5.07 by $3.23. Chubb had a net margin of 18.11% and a return on equity of 16.45%. The business had revenue of $13.38 billion during the quarter, compared to the consensus estimate of $12.88 billion. As a group, equities research analysts expect that Chubb Limited will post 21.16 EPS for the current year.

Chubb Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 5th. Stockholders of record on Friday, March 15th will be paid a dividend of $0.86 per share. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $3.44 annualized dividend and a dividend yield of 1.34%. Chubb’s dividend payout ratio (DPR) is 15.76%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CB. Roth Mkm boosted their target price on Chubb from $260.00 to $280.00 and gave the company a “buy” rating in a research report on Wednesday, January 31st. HSBC assumed coverage on Chubb in a research report on Thursday, December 28th. They set a “buy” rating and a $263.00 price objective on the stock. UBS Group upped their price objective on Chubb from $245.00 to $256.00 and gave the stock a “neutral” rating in a research report on Monday, February 5th. TD Cowen assumed coverage on Chubb in a research report on Wednesday, January 10th. They set a “market perform” rating and a $254.00 price objective on the stock. Finally, Royal Bank of Canada upped their price objective on Chubb from $255.00 to $275.00 and gave the stock an “outperform” rating in a research report on Thursday, February 1st. Ten analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $255.06.

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.