Chubb Limited (NYSE:CB) Shares Bought by Level Four Advisory Services LLC

Level Four Advisory Services LLC lifted its holdings in shares of Chubb Limited (NYSE:CB) by 0.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,132 shares of the financial services provider’s stock after purchasing an additional 49 shares during the quarter. Level Four Advisory Services LLC’s holdings in Chubb were worth $3,629,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Continuum Advisory LLC increased its stake in shares of Chubb by 56.5% during the 3rd quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 35 shares during the last quarter. Gordian Capital Singapore Pte Ltd acquired a new position in Chubb during the third quarter worth approximately $29,000. Raelipskie Partnership purchased a new position in Chubb during the third quarter worth approximately $29,000. Sierra Ocean LLC acquired a new position in shares of Chubb in the 4th quarter valued at $29,000. Finally, Crowley Wealth Management Inc. acquired a new stake in shares of Chubb during the 4th quarter worth $29,000. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Insider Buying and Selling

In related 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 sale, the executive vice president now owns 77,703 shares of the company’s stock, valued at approximately $22,297,652.88. This trade represents a 11.40 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO George F. Ohsiek sold 763 shares of the company’s stock in a transaction on Friday, March 14th. The stock was sold at an average price of $290.41, for a total value of $221,582.83. Following the transaction, the chief accounting officer now owns 20,044 shares of the company’s stock, valued at approximately $5,820,978.04. The trade was a 3.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 63,470 shares of company stock worth $18,562,730 over the last ninety days. 0.86% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities research analysts have commented on CB shares. HSBC upgraded Chubb from a “hold” rating to a “buy” rating and set a $323.00 price target for the company in a research note on Wednesday, March 5th. Hsbc Global Res raised shares of Chubb from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 5th. JPMorgan Chase & Co. increased their price objective on shares of Chubb from $296.00 to $300.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Keefe, Bruyette & Woods lifted their target price on shares of Chubb from $328.00 to $329.00 and gave the company an “outperform” rating in a report on Friday, January 31st. Finally, Barclays lowered their price target on Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a report on Monday, January 6th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $301.00.

Chubb Trading Down 0.7 %

NYSE CB opened at $296.36 on Friday. The company has a market capitalization of $118.67 billion, a price-to-earnings ratio of 13.04, a price-to-earnings-growth ratio of 3.36 and a beta of 0.66. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.25 and a quick ratio of 0.28. Chubb Limited has a 12 month low of $238.85 and a 12 month high of $302.05. The company’s fifty day moving average price is $279.26 and its two-hundred day moving average price is $281.50.

Chubb (NYSE:CB) last posted its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $6.02 EPS for the quarter, topping analysts’ consensus estimates of $5.33 by $0.69. Chubb had a return on equity of 13.75% and a net margin of 16.63%. As a group, research analysts predict that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 14th will be given a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 1.23%. The ex-dividend date of this dividend is Friday, March 14th. Chubb’s dividend payout ratio is currently 16.02%.

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.