Cookson Peirce & Co. Inc. Has $1.24 Million Stock Position in Chubb Limited (NYSE:CB)

Cookson Peirce & Co. Inc. boosted its holdings in shares of Chubb Limited (NYSE:CB) by 71.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,464 shares of the financial services provider’s stock after acquiring an additional 2,274 shares during the quarter. Cookson Peirce & Co. Inc.’s holdings in Chubb were worth $1,235,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. ICA Group Wealth Management LLC purchased a new position in Chubb in the fourth quarter valued at about $25,000. IMA Wealth Inc. raised its position in Chubb by 275.7% during the second quarter. IMA Wealth Inc. now owns 139 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 102 shares in the last quarter. BOK Financial Private Wealth Inc. acquired a new stake in Chubb in the third quarter valued at approximately $28,000. ZRC Wealth Management LLC bought a new stake in Chubb in the fourth quarter worth approximately $29,000. Finally, Tennessee Valley Asset Management Partners acquired a new position in shares of Chubb during the 4th quarter worth $32,000. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Chubb Stock Up 0.3 %

NYSE CB opened at $245.25 on Wednesday. Chubb Limited has a 1-year low of $183.71 and a 1-year high of $260.58. The company has a market capitalization of $99.57 billion, a price-to-earnings ratio of 11.23, a PEG ratio of 1.16 and a beta of 0.62. The stock’s 50 day moving average is $252.50 and its two-hundred day moving average is $233.73. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.20.

Chubb (NYSE:CB) last announced its quarterly earnings results on Tuesday, January 30th. The financial services provider reported $8.30 EPS for the quarter, beating the consensus estimate of $5.07 by $3.23. Chubb had a return on equity of 16.45% and a net margin of 18.11%. The business had revenue of $13.38 billion for the quarter, compared to analyst estimates of $12.88 billion. Equities analysts forecast that Chubb Limited will post 21.15 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Friday, March 15th were issued a dividend of $0.86 per share. This represents a $3.44 annualized dividend and a dividend yield of 1.40%. The ex-dividend date of this dividend was Thursday, March 14th. Chubb’s payout ratio is 15.76%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on CB shares. JMP Securities reiterated a “market outperform” rating and issued a $280.00 price objective on shares of Chubb in a report on Monday. UBS Group upped their target price 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 started 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. Raymond James lifted their target price on shares of Chubb from $270.00 to $285.00 and gave the stock a “strong-buy” rating in a report on Thursday, February 1st. Finally, Morgan Stanley upped their price target on shares of Chubb from $258.00 to $260.00 and gave the company an “equal weight” rating in a report on Monday. Nine analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $266.37.

Insider Activity

In other news, insider John J. Lupica sold 34,464 shares of the 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 sale, the insider now owns 130,937 shares in the company, valued at $33,902,208.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP Timothy Alan Boroughs sold 33,150 shares of the firm’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $255.11, for a total value of $8,456,896.50. Following the transaction, the executive vice president now owns 50,486 shares in the company, valued at $12,879,483.46. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider John J. Lupica sold 34,464 shares of the business’s stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $258.92, for a total value of $8,923,418.88. Following the sale, 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 90 days, insiders sold 116,043 shares of company stock worth $29,766,694. Insiders own 0.86% of the company’s stock.

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.